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South Australia - SA Explorers

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Kalkaroo – Copper-Gold-Molybdenum<br />

Havilah Resources<br />

Kalkaroo<br />

• Copper-Gold-Molybdenum deposit<br />

• February 2007 Measured and Indicated Resource updated from 85 Mt to<br />

108 Mt (28% increase) combined copper, gold and molybdenum<br />

• Mineable resource of 85 Mt of 0.51 g/t Au and 0.45% Cu<br />

• $14m feasibility study (funded by Glencore International) to be completed by end 2008<br />

• Current objectives – resource definition and extension, metallugical studies<br />

• A deposit containing the equivalent of more than 100 Mt of 2g/t Au or over<br />

6 Moz of gold equivalent is envisaged<br />

• Deposit remains open in both directions and down dip<br />

September 2007

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