Havilah Secures Sandfire Deal and Cash Injection as Copper and Gold Hit Record Highs

An update from Havilah Resources Limited ( (AU:HAV) ) is now available.

Havilah Resources reported that during the quarter to 31 January 2026 it concentrated on advancing the Kalkaroo copper-gold project, preparing shareholder approvals and definitive agreements for a major transaction with Sandfire Resources, while field work included a reverse circulation drill program at the Birksgate prospect and only minimal activity at Mutooroo. The company also noted record nominal prices for copper and gold in U.S. dollar terms, underscoring the favourable commodity backdrop for its portfolio.

After the quarter’s end, shareholders approved the proposed Kalkaroo transaction with Sandfire, leading to the signing of definitive agreements, receipt of a $31.5 million cash payment, Sandfire shares and a $15 million first-year exploration commitment under a new strategic alliance targeting the broader Curnamona Province. In addition, mineral rights held by Heavy Rare Earths Limited at Radium Hill were expanded to cover all minerals, including critical, precious and base metals, enhancing the value potential of that asset base for the parties involved.

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 mineral exploration and development company focused on copper, gold, cobalt and other strategic minerals in the Curnamona Province of northeastern South Australia. Its key projects include the Kalkaroo copper-gold deposit, the Mutooroo copper-cobalt-gold project and various regional prospects such as Birksgate and Radium Hill.

Average Trading Volume: 581,116

Technical Sentiment Signal: Buy

Current Market Cap: A$230M

Learn more about HAV stock on TipRanks’ Stock Analysis page.