Quarterly Activities Report – Period Ending January 2019

• Milestone signature of Kalkaroo Native Title Mining Agreement which is the final step required
for Havilah being offered a Mining Lease over the Kalkaroo copper-cobalt-gold project.
• Major new iron ore deposit confirmed by discovery of a thick, continuous iron formation over an
area of at least 3.5 km² in the western portion of the Grants Basin.
• Grants Basin diamond drillhole GBDD014 intersected an exceptional 486 m downhole thickness
of iron bearing sequence, grading 24.06% iron (Niton XRF analyses).
• SIMEC Mining (an affiliate of the GFG Alliance) agreed to a A$1.000 million fee should it extend
its exclusivity period to complete its due diligence on Havilah’s Maldorky and Grants iron ore
projects beyond the end of January 2019 (exclusivity extended and fee paid subsequent to
quarter end).

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