Havilah Resources Limited (AU:HAV) has released an update.
Havilah Resources Limited has announced a significant discovery of molybdenum and gold at the NDC prospect near Kalkaroo, South Australia, with high-grade intersections including 30 meters at 0.21% molybdenum and 5 meters at 4.79 g/t gold. These results are particularly promising as they compare favorably to existing porphyry deposits and highlight the potential for further exploration. The molybdenum market has seen a significant price increase, underlining the importance of this discovery for the company.
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