Havilah sets sights on cobalt resources

Havilah Resources is focusing on becoming a substantial cobalt and copper producer, following the discovery of appreciable quantities of cobaltian pyrite, an iron sulphide mineral that has a high cobalt content, at the undeveloped copper sulphide deposits in its portfolio, including the Kalkaroo, North Portia and Mutooroo deposits. The company, which currently has a Joint Ore Reserves Committee- (JORC-) compliant mineral resource inventory of 915 000 t of copper and 2.33-million ounces of gold in north-eastern South Australia, on Monday said it was aiming to implement a medium-term strategy that will see its cobalt resources developed in conjunction with its copper resources.