Havilah Resources Limited reported assay results for the reverse circulation (RC) drillholes from the current ongoing PFS open pit resource expansion drilling program at the Mutooroo copper-cobalt deposit (Mutooroo), 60 km southwest of Broken Hill. Recent drilling has confirmed multiple massive sulphide lodes up to 7 metre thickness, generally where expected from previous drilling and surface outcrops, with significant results of: MTRC241 4 metres of 1.31% copper, 0.11% cobalt and 0.16 g/t gold from 82 metres downhole. MTRC242 7 metres of 0.43% copper, 0.04% cobalt and 0.03 g/t gold from 38 metres downhole and 3 metres of 1.03% copper, 0.09% cobalt and 0.44 g/t gold from 84 metres downhole.

MTRC243 3 metres of 1.71% copper, 0.14% cobalt and 0.32 g/t gold from 79 metres downhole and 5 metres of 0.72% copper, 0.09% cobalt and 0.13 g/t gold from 94 metres downhole. MTRC244 5 metres of 0.77% copper, 0.09% cobalt and 0.22 g/t gold from 118 metres downhole and 3 metres of 1.20% copper, 0.16% cobalt and 0.37 g/t gold from 129 metres downhole. In general the thicknesses of sulphide lode in the drillholes is comparable with historical records in nearby old mine workings, except in some cases only one of the two sulphide lodes intersected was recorded.

Drilling elsewhere along strike has shown rapidly increasing grade-thickness of the sulphide lode with depth on some drill sections. Another tier of deeper drilling beneath the drillholes reported here would be required to test this possibility in this location. Four holes (MTRC236 to MTRC239) drilled on the southern extensions of the lode channel/shear zone returned low grade, sub-economic copper, cobalt and gold intercepts.

These holes effectively close off the sulphide lode at shallow depth in the south, but potential still remains at depth due to the south-plunging nature of the thickened sulphide lode in this area. This drilling is part of the Mutooroo PFS with the immediate objective to test for shallow, open pit copper-cobalt- gold sulphide resources along strike from the existing Mutooroo resource and conceptual open pit design and below the shallow oxidised copper ore that was exploited via several historic mine shafts. Earlier Havilah drillholes discovered shallow oxidised copper mineralisation that could materially add to the near surface open pit resources in this area.

Significant earlier drilling results in the oxidised mineralisation in the vicinity of the new drillholes reported here include: MTRC148 14 metres of 0.43% copper 0.02% cobalt and 0.1 g/t gold from 5 metres downhole. MTRC149 9 metres of 0.70% copper, 0.08% cobalt and 0.43 g/t gold from 34 metres downhole. MTRC151 25 metres of 0.41% copper from 6 metres downhole.

MTRC152 16 metres of 1.0% copper, 0.08% cobalt and 0.1 g/t gold from 45 metres downhole.