Chinese miner signs MoU on SA’s Kalkaroo copper-gold projct

ADELAIDE – The Beijing-based Wanbao Mining Limited has signed an MoU with ASX-listed Havilah Resources Limited for completion of a pre-feasibility study for the Kalkaroo Copper-Gold project in north-eastern South Australia following due diligence and recent upgrade of the Kalkaroo resource.

The objective of the PFS is to provide sufficient information for Wanbao to make a decision on future participating in financing and development of the Kalkaroo project. Wanbao has substantial copper mining operations in Myanmar and cobalt mining and smelting operations in the Congo.

Kalkaroo is one of the largest undeveloped copper-gold projects in Australia, containing indicated and inferred resources of 232 million tonnes of copper and gold for more than 1.1 million tonnes of copper and 3.3 million ounces of gold.  www.havilah-resources.com.au (ATI).