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Havilah Resources Limited ( (AU:HAV) ) has shared an announcement.
Havilah Resources Limited has announced a significant agreement with Sandfire Resources Limited, where Sandfire may acquire an 80% stake in the Kalkaroo copper-gold project through a two-stage earn-in process. This transaction allows Havilah to capitalize on its investment and maintain a 20% interest, benefiting shareholders by lowering development risks and providing exploration funding for further regional opportunities. Additionally, Havilah remains committed to advancing its Mutooroo project and exploring promising drilling results across its tenement assets, bolstering its strategic position in the Curnamona Province.
The most recent analyst rating on (AU:HAV) stock is a Hold with a A$0.44 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 operates in the mining and resources industry, focusing primarily on exploration and development projects, particularly in the prospective Curnamona Province. The company is involved in the extraction and development of significant mineral assets, with projects such as Kalkaroo and Mutooroo signifying its efforts in copper-gold and polymetallic resource development.
Average Trading Volume: 602,475
Technical Sentiment Signal: Buy
Current Market Cap: A$181.2M
See more data about HAV stock on TipRanks’ Stock Analysis page.