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Havilah Resources Limited
(Sydney:HAV)
Havilah Resources Limited (HAV) vs. iShares MSCI Australia ETF (EWA)
Havilah Resources Limited Business Overview & Revenue Model
Havilah Resources Limited Financial Statement Overview
| Breakdown | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 8.80K | 8.10K | 54.78K | 149.48K |
| Gross Profit | -227.32K | 8.80K | 8.10K | 54.78K | 53.84K |
| EBITDA | -3.04M | 5.84M | 3.15M | -2.80M | -2.21M |
| Net Income | -3.28M | 5.57M | 2.93M | -2.93M | -2.36M |
Balance Sheet | |||||
| Total Assets | 55.32M | 53.62M | 47.95M | 44.20M | 44.69M |
| Cash, Cash Equivalents and Short-Term Investments | 541.33K | 1.16M | 3.65M | 1.61M | 4.01M |
| Total Debt | 109.02K | 141.19K | 171.94K | 104.08K | 63.83K |
| Total Liabilities | 1.77M | 1.70M | 1.71M | 1.19M | 1.58M |
| Stockholders Equity | 53.55M | 51.92M | 46.24M | 43.01M | 43.10M |
Cash Flow | |||||
| Free Cash Flow | -4.78M | -2.38M | 2.07M | -5.21M | -3.32M |
| Operating Cash Flow | 671.05K | 1.05M | 3.89M | -2.80M | -1.53M |
| Investing Cash Flow | -5.26M | -3.51M | -1.80M | -2.02M | -1.79M |
| Financing Cash Flow | 3.97M | -30.75K | -48.89K | 2.42M | 5.85M |
Havilah Resources Limited Technical Analysis
Havilah Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$187.58M | -18.91 | -6.02% | ― | -100.00% | -155.68% | |
49 Neutral | $149.39M | -20.87 | -6.79% | ― | ― | 19.94% | |
47 Neutral | AU$70.89M | -1.12 | -142.42% | ― | ― | ― | |
43 Neutral | AU$168.33M | -26.94 | -3.39% | ― | ― | ― | |
42 Neutral | AU$115.64M | -17.75 | -10.71% | ― | ― | -12.00% | |
42 Neutral | AU$40.12M | -2.60 | -36.73% | ― | 307.85% | -133.82% |
Havilah Resources Limited Corporate Events
Havilah Resources has reported assay results from an 11-hole, 2,240-metre reverse circulation drilling program at its Birksgate prospect, about 50 km north-northwest of the Kalkaroo copper-gold deposit in northeastern South Australia. The program targeted conceptual stratabound horizons within the Birksgate anticline and syncline to assess the extent and continuity of copper-bearing units.
Significant copper intercepts in holes BKRC013 and BKRC014 on the eastern limb of the anticline, including intervals grading up to 0.38% copper with associated gold and molybdenum, confirm stratabound copper-gold-molybdenum mineralisation roughly 6 km from the original 2014 Birksgate discovery. Geological logging indicates this mineralisation is hosted within a distinctive stratigraphic package interpreted as laterally equivalent to the Kalkaroo host horizon and distributed over a wide area.
Drilling on the western limb and in the anticline core did not return notable copper grades, but elevated manganese and iron suggest proximity to a broader skarn system. One southern step-out hole encountered thicker-than-expected cover yet still returned elevated copper values and a metal signature similar to earlier skarn intersections, underscoring the need for further drilling to define the system’s extent.
Technical Director Chris Giles said the results demonstrate widespread copper mineralisation over approximately 6 km across the regional syncline–anticline pair at Birksgate, implying more than 50 km of prospective strike length for stratabound copper. For Havilah, these results expand the scale of the exploration target and reinforce Birksgate’s potential to host a large stratabound copper system, which could enhance the company’s project pipeline and strategic positioning in Australian copper exploration.
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.
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.
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.
Sandfire Resources and Havilah Resources have executed definitive transaction agreements following Havilah shareholder approval, giving Sandfire an exclusive right to earn an 80% interest in the Kalkaroo copper‑gold project for effective upfront consideration of about A$117.6 million in cash and shares, with a subsequent Stage 2 payment of A$105 million tied to completion of a new pre‑feasibility study and substantial drilling within 24 months. In parallel, Sandfire will invest A$30 million over at least two years in regional exploration under a strategic alliance across the Curnamona Province, a move that Havilah says will accelerate exploration and potentially position the region as Australia’s next major copper province while allowing Havilah to retain a 20% carried interest in the large‑scale development anchored by Kalkaroo.
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.
Havilah Resources Limited announced that shareholders have approved, by an overwhelming majority, a key resolution at its General Meeting held on 6 February 2026. The ordinary resolution to approve the proposed transaction for the Kalkaroo Project received approximately 99.95% support of votes cast on the poll, reflecting strong shareholder backing for the company’s strategic direction and its plans for the development or monetisation of the Kalkaroo asset. This decisive endorsement is likely to facilitate progression of the project and may enhance Havilah’s positioning within the Australian mining sector, signalling confidence among stakeholders in the company’s future path.
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.
Havilah Resources Limited has applied to the ASX for quotation of 2,054,999 fully paid ordinary shares, issued under an employee incentive scheme whose transfer restrictions have ceased or are about to cease. The additional quoted securities, effective from 28 January 2026, will modestly increase the company’s free float and could enhance liquidity in its shares, aligning employee incentives more directly with shareholder outcomes.
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.
Havilah Resources has called a general meeting on 6 February 2026 for shareholders to vote on a proposed transaction under which Sandfire Resources would acquire an 80% interest in Havilah’s Kalkaroo copper-gold-cobalt project via a two-stage deal worth up to A$210 million, combined with a A$30 million regional exploration commitment in the Curnamona Province. The board, which unanimously supports the deal in the absence of a superior proposal, argues the partnership will deliver immediate financial return, de-risk the development of Kalkaroo, fund growth across Havilah’s broader project portfolio without diluting shareholders, and position the company to benefit from Sandfire’s technical and financial resources while retaining a 20% stake and potential future upside.
The most recent analyst rating on (AU:HAV) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Havilah Resources Limited stock, see the AU:HAV Stock Forecast page.
Havilah Resources has called a general meeting of shareholders for 6 February 2026 in Adelaide to seek approval for a proposed transaction relating to its Kalkaroo copper-gold project. The notice outlines a single key resolution to approve the Kalkaroo transaction, including associated earn-in and strategic alliance arrangements, and sets out voting procedures, eligibility, and timetable details, with the board unanimously recommending that shareholders vote in favour of the proposal in the absence of a superior offer.
The most recent analyst rating on (AU:HAV) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Havilah Resources Limited stock, see the AU:HAV Stock Forecast page.
Sandfire Resources and Havilah Resources report strong progress in finalising definitive agreements for Sandfire’s proposed earn-in of up to an 80% interest in the Kalkaroo Copper-Gold Project and the formation of a regional exploration alliance in South Australia’s Curnamona Province. While the deal remains on track and both parties reiterate their commitment and shared strategic vision, they have agreed to a short extension of the transaction timetable, with Havilah’s shareholder meeting to approve the transaction now scheduled to be held no later than 16 February 2026 instead of 30 January 2026, slightly delaying but not derailing the project’s advancement timeline.
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.