Mutooroo Copper-Cobalt Project

Mutooroo is one of the highest grade sulphide cobalt deposits with associated copper in Australia. It contains 195,000 tonnes of copper, 20,200 tonnes of cobalt and 82,100 ounces of gold.

The pre-feasibility study (PFS) is targeting an initial shallow open pit exploiting >1.3% copper and 0.14% cobalt (Measured and Indicated JORC resources) and later transitioning to underground mining of higher grade ore of >1.7% copper and 0.17% cobalt (Inferred JORC resource).

There is excellent potential to expand the open pit resource along strike and also within a 10km radius of Mutooroo on Havilah's 100% owned exploration licences.

Investment opportunity

Havilah is seeking an investment partner to assist in funding the PFS with the right to participate in financing development of the project. Investment terms are flexible. Discussion is welcomed with interested parties who have the financial capability.

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Financial information

Investment sought: A$5M - A$25M

Project highlights

  • Revenues underpinned by initial copper production from a high grade open pit, with substantial additional cobalt revenue targeted. One of the highest grade sulphide-associated cobalt deposits in Australia.
  • Favourable logistics, located 16 km south of railway and highway and 60 km southwest of the major regional mining centre of Broken Hill with its skilled workforce, permitting a drive-in and drive-out workforce.
  • Exceptional exploration potential for discovery of additional copper, cobalt and gold resources in extensions to the deposit and in the surrounding tenements in the Mutooroo Copper-Cobalt District of northeastern South Australia.

Key organisations

  • Havilah Resources Limited

Project timelines

Expected start date
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Expected end date
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Funding round finish date
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Website

havilah-resources-projects.com/mutooroo

Location