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Havilah Resources Limited (ASX: HAV) has reported promising results from a recent Downhole Electromagnetic (DHEM) survey at its Mutooroo copper-cobalt-gold project, located 60 km southwest of Broken Hill. The survey indicates highly conductive zones, suggesting that massive sulphide mineralisation extends at least 200 meters below Havilah’s deepest drillholes. The findings align with recent drilling results sponsored by JX Advanced Metals Corporation (JXAM), reinforcing the potential for further resource expansion.
The company is now focused on updating the JORC Mineral Resource estimate for Mutooroo while continuing discussions with JXAM regarding funding for a pre-feasibility study (PFS) and an option for JXAM to acquire a project interest. Additional DHEM surveys in other sections of the orebody are under consideration to further define the resource potential. These advancements strengthen Mutooroo’s economic viability, enhancing its appeal for future development.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
