HAVILAH RESOURCES LIMITED — AGM Information 2017

Dec 11, 2017

Havilah Resources Limited plans to sequentially develop its portfolio of gold, copper, iron, cobalt, tin and other mineral resources in South Australia. Our vision is to become a new mining force, delivering value to our shareholders, partners and the community.

205 million Ordinary Shares ‐‐ 7 million Listed Optiond ‐‐ 8 million Unlisted Options

ASX and Media Release: 12 December 2017 ASX Code: HAV

2017 TECHNICAL REVIEW

Havilah Resources Limited (Havilah or Company) is pleased to distribute a presentation, entitled "2017 Technical Review", which is being presented at the 2017 Annual General Metting today by the Technical Director, Dr Chris Giles.

This presentation provides an overview of the Company's projects in 2017. The presentation will also be available on the Company's website at www.havilah‐resources.com.au.

For further information visit www.havilah‐resources.com.au Contact: Mr Walter Richards, Chief Executive Officer, on (08) 8155‐4500 or email: info@havilah‐resources.com.au

2017 Technical Review

2017 AGM Presentation

Dr Chris Giles, Technical Director

Major Activities and Achievements in 2017

Many Achievements That Have Set Havilah Up For 2018

• ➢ Portia near mine exploration increased confidence in saprolite gold mineralisation and confirmed primary sulphide gold mineralisation.
• ➢ MOU with Wanbao Mining leading to completion of PFS.
• ➢ North Portia resource infill drilling resource modelling, mine planning and metallurgical studies are following.
• ➢ PACE drilling program Crozier's copper success and potential IOCG setting identified at Bassanio.
• ➢ Supported University research lead to recognition of the Jupiter MT anomaly.
• ➢ Mutooroo progress appointed project manager.
• ➢ Securing all ground over the Grants iron ore basin.

Portia Near Mine Exploration

• ➢ Several successful drilling campaigns total of 242 holes for 17,468 metres aircore and reverse circulation drilling over roughly the last twelve months.
• ➢ Better defined the saprolite bedrock gold mineralisation and continued to confirm patchy high grade gold eg 10m @ 8.62 g/t gold (PTAC492) and 6m @ 34.84 g/t gold (PTAC471).*
• ➢ Gold mineralisation extends to depth, but is closed off in the north and south by the drilling.
• ➢ Havilah's interest restructured to a 15% gold revenue stream.

Portia Gold Mineralisation In Pit Floor

Graphitic pelite

Fractured and veined gold mineralised zone along contact

Pyritic albitite footwall

Kalkaroo PFS and MOU with Wanbao Mining

• ➢ Wanbao is a large and successful offshore Chinese copper and cobalt producer.
• ➢ Under the MOU Wanbao is funding completion of a PFS on Kalkaroo by the end of 2017, with a decision on participation via sole funding of the project two months after that.
• ➢ PFS outcomes thusfar are confirmatory of Havilah's previous work.

North Portia Infill Resource Drilling

• ➢ 7,117m of aircore and reverse circulation drilling (53 holes) over the last two years focussing on the secondary enriched zone above 150 metres depth.
• ➢ Many promising copper-gold intersections eg 15m @ 1.44% copper and 0.55 g/t gold (NPAC 112)*.
• ➢ Results are being incorporated into a new resource model for the secondary gold and copper-gold mineralisation.
• ➢ Preliminary metallurgy is positive and will be confirmed by further test work on drill core.

PACE Supported Exploration Drilling

• ➢ 56 holes for 6,035m of drilling on a number of Benagerie Dome targets.
• ➢ Confirmation of copper skarn discovery at the Croziers prospect (with possible IOCG affinities).
• ➢ Discovered a large ironstone breccia body in the core of the Benagerie Dome at the Bassanio prospect with strong IOCG affinities.

Croziers copper Bassanio ironstone-breccia body

Jupiter MT Anomaly

• ➢ Havilah provided assistance to the University of Adelaide to carry out infill magnetotelluric surveying.
• ➢ The survey results identified signatures known to be associated with IOCG mineralisation at Olympic Dam within Havilah's tenements.
• ➢ Considerable interest and speculation as to what the C2 conductive zone could be indicating.

Jupiter MT Anomaly

Havilah Resources ⁹

* Acknowledgement to Graham Heinson and Ben Kay of the University of Adelaide for the images. 12/12/2017

Grants Iron Ore Basin

• ➢ Secured control over the complete area of the very large fault-controlled Grants iron ore basin.
• ➢ A potentially very large 10 km x 6 km almost flat lying basin containing thick Braemar Iron Formation.
• ➢ First identified by Havilah's drilling in 2012 at the faulted western end where 180 metres true vertical thickness of continuous iron ore mineralisation grading 23% Fe was intersected.

What Does 2018 Hold ?

Plenty Of Excitement And Interest

• ➢ Kalkaroo : Wanbao Mining investment decision following completion of PFS.
• ➢ North Portia : Decision to mine and commencement of overburden removal (subject to results PFS and timely permitting).
• ➢ Portia : Ongoing mining and tailings treatment to generate material revenue stream for Havilah.
• ➢ Mutooroo : Progress on PFS and permitting to allow a mining decision by end 2018.
• ➢ Jupiter MT anomaly exploration follow up.
• ➢ Grants iron ore : Testing the extent of the iron ore basin.
• ➢ Maldorky iron ore : Finalisation of ML.
• ➢ Regional exploration : Croziers and other copper prospects.
• ➢ Likely JV's : To minimise cost burden and to share risk.

Mutooroo Copper-Cobalt Project Work Program

Planned 12 month work program to complete PFS, mine permitting, resource extensions on SA's only JORC cobalt resource.

Initial mining plan:

• ➢ 3.5 Mt to max. 130 m depth.
• ➢ 0.5 Mt / year throughput.
• ➢ 7 year mine life.
• ➢ Potential to increase production by deepening open pit or extending mining along strike.

Exploration upside :

• ➢ Drilling along strike and at depth plus other local prospects.
• ➢ Geophysical methods detailed airborne magnetics and EM

Havilah's Copper Strategy And The Big Picture

Underpinned By The Curnamona Copper Belt

World Class Discovery Potential

• ➢ South Australia's own copper belt.
• ➢ Hosts two major copper deposits Kalkaroo and North Portia and many promising prospects.
• ➢ Huge exploration upside along more than 200km of virtually unexplored strike.
• ➢ Croziers copper prospect is attractive due to minimal overburden and proximity to Kalkaroo.
• ➢ Many other prospects under deeper cover (eg Eurinilla, Lake Charles)

Cautionary and Competent Person Statement

Cautionary Statement

The information contained in this presentation is not financial product advice. The presentation is for information purposes and is of a general and summary nature only. Neither Havilah Resources Limited (Havilah) nor any member of the Havilah Group of companies, gives no warranties in relation to the statements and information in this presentation. Investors should seek appropriate advice on their own objectives, financial situation and needs.

This presentation contains certain statements which may constitute "forward-looking statements". Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, performance or achievements to differ materially from those expressed, implied or projected in any forward looking statements.

Havilah disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

Investors are cautioned that forward-looking statements are not guarantees of future performance and investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

Competent Person Statement

The information in this presentation that relates to Exploration Targets , Exploration Results, Mineral Resources and Ore Reserves is based on data compiled by geologist, Dr Chris Giles, a Competent Person who is a member of The Australian Institute of Geoscientists. Dr. Giles is a director of the Company and is employed by the Company on a consulting contract. Dr. Giles has sufficient experience, which is relevant to the style of mineralisation and type of deposit and activities described herein to qualify as a Competent Person as defined in the 2012 Edition of 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Dr. Giles consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears. Information for Kalkaroo and Croziers has been updated to comply with the JORC Code 2012. All other information was prepared and first disclosed under the JORC Code 2004 and is presented on the basis that the information has not materially changed since it was last reported.

All drillhole results cited relate to various ASX releases, noting that the Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant announcement and, in the case of the mineral resources that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.