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Havilah Resources Limited ( (AU:HAV) ) has shared an update.
Havilah Resources has received a Stage 1 consideration from Sandfire Resources comprising $31.5 million in cash and 4,640,833 Sandfire shares, under definitive transaction agreements signed earlier in February 2026. The company has also secured the first-year $15 million strategic alliance exploration funding, significantly strengthening its balance sheet and reducing the need for near-term capital raisings.
The exploration funding will be deployed across strategic alliance tenements surrounding the Kalkaroo copper-gold deposit, targeting prospects such as Eurinilla Dome, Deep Well, Homestead and Kalkaroo North Dome Breccia that have previously yielded promising drill intersections. In parallel, Havilah and Sandfire are progressing planning and regulatory approvals for a large-scale resource infill and extension drilling program of more than 100,000 metres at Kalkaroo, along with site infrastructure upgrades, positioning the project for accelerated exploration and potential future development.
The most recent analyst rating on (AU:HAV) stock is a Hold with a A$0.67 price target. To see the full list of analyst forecasts on Havilah Resources Limited stock, see the AU:HAV Stock Forecast page.
More about Havilah Resources Limited
Havilah Resources Limited is an Australian minerals exploration and development company focused on copper and gold projects in northeastern South Australia. Its key asset is the Kalkaroo copper-gold deposit in the Curnamona Province, and it is pursuing regional exploration on surrounding tenements through strategic partnerships to unlock additional ore sources and enhance project scale.
Average Trading Volume: 562,385
Technical Sentiment Signal: Buy
Current Market Cap: A$231.8M
For detailed information about HAV stock, go to TipRanks’ Stock Analysis page.