Havilah Resources Ltd (ASX:HAV) Portia Gold Mine Update - September 2017

Havilah Resources Limited (ASX:HAV) (Havilah) reports the Portia gold mine production numbers for the month of September.

Highlights

- Gold sales in September 60% higher than the previous month at 1,141 ounces.

- Gold sales in the first two months of this quarter have already exceeded gold sales for the previous quarter.

Gold Production

Key points from the production figures presented in the table (see link below) are:

1. Gold sales were 60% higher in September compared with August at 1,141 ounces.

2. Gold production was approximately 6% lower in September compared to the previous month mainly due to lower throughput as a result of downtime mostly due to crusher down time.

3. Plant throughput decreased by 29% in September mainly due to maintenance and repairs required to the impact crusher.

4. No ore tonnes were mined in September due to adequate ore stockpiles on the ROM pad. The next campaign mining of ore is planned for late October.

5. The focus for mining has shifted to removal of overburden in phase 2 of the southern extension.

Commenting on the production results, Havilah Managing Director, Dr Chris Giles said: "Gold production in September was consistent with August despite the lower throughput, mainly as a result of processing higher grade material."

To view tables and figures, please visit:
http://abnnewswire.net/lnk/428W8CCY


About Havilah Resources Ltd

Havilah Resources Ltd (ASX:HAV) is a debt free South Australian gold producer having recently financed and developed its first gold mine at Portia in north-eastern South Australia. It plans to follow on with three copper-gold-cobalt mining developments at North Portia, Kalkaroo and Mutooroo, which are underpinned by a JORC resources mineral inventory of over 1.4 million tonnes of copper, 3.6 million ounces of gold, and 18,000 tonnes of cobalt.

     

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