Havilah Secures Funding of up to $100 million from GFG Alliance

• A transformational capital injection of up to $100 million from OneSteel Manufacturing Pty Ltd (trading as “SIMEC Mining”) (SIMEC), a member of the GFG Alliance (GFG), which will fully fund Havilah’s work programs for its iron ore assets and its copper prospects in the Mutooroo Copper-Cobalt District, including the Mutooroo deposit, and provide a clear pathway to potential commercialisation.
• Establishes a strategic partnership with GFG, a successful international group which owns the Whyalla Steelworks and iron ore export facilities, and which can provide access to global capital markets and extensive technical and commercial support.
• Havilah shareholders retain exposure to potential project value appreciation as fully funded work programs are applied to move projects rapidly towards Definitive Feasibility Studies (DFS).
• Havilah retains operational control of all assets including Kalkaroo and regional exploration and maintains a majority of independent directors.

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