Kalkaroo copper/gold/cobalt project, Australia – update
Name of the Project
Kalkaroo copper/gold/cobalt project.
Location
Kalkaroo, north-east South Australia.
Project Owner/s
Havilah Resources.
Sandfire Resources and Havilah Resources signed a binding term sheet on November 13, 2025, under which Sandfire may earn an 80% interest in Kalkaroo through a two-stage earn-in structure comprising A$105-million upfront consideration, and a further A$105-million consideration upon completion of a new prefeasibility that will include a minimum 20 000 m infill and extension drilling programme.
Project Description
Kalkaroo is one of the biggest undeveloped openpit copper deposits in Australia on a 0.89% copper equivalent ore reserve basis.
The project comprises a mineral resource estimate of 245-million tonnes at 0.45% copper and 0.39 g/t gold for 1.1-million tonnes of copper, 3.1-million ounces of gold and 23 200 t of cobalt.
The project proposes the construction of a large-scale openpit mine.
Production is estimated at 30 000 t/y copper and 72 000 oz/y of gold over a minimum 13-year mine life.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has an estimated pretax net present value, at a 7.5% discount rate, of A$1.16-billion.
Capital Expenditure
Not stated.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
RPMGlobal Asia (PFS).
Contact Details for Project Information
Havilah Resources, tel +61 8 8155 4500 or email info@havilah-resources.com.au.
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