In the spotlight: Havilah Resources chief executive Walter Richards
Q. Can you please tell me how the capital injection of up to $100m from OneSteel Manufacturing will impact Havilah’s iron ore assets and copper prospects? This proposed investment in Havilah by GFG Alliance will see Havilah’s work programs for its iron ore assets and its copper prospects in the Mutooroo Copper- Cobalt District, including the Mutooroo deposit, being fully funded through the completion of definitive feasibility studies. This will allow Havilah to make decisions about investing in the development of the projects and potentially transforming them into actual mining operations. Funding is an ongoing challenge for many junior explorers but this strategic alliance with GFG presents an opportunity for Havilah to advance its work programs to the benefit of…