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Havilah Resources (HAV) investor relations material
Havilah Resources H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Monetised a majority-earn-in right for Kalkaroo and a farm-in right for Coburn, retaining 20% project interests and exposure to partner shares.
FY26 profit was driven largely by Kalkaroo transaction income and fair-value gains; exploration and regional drilling remain central priorities.
Financial highlights
FY26 profit was $77.20m versus a $3.28m loss in FY25; results included $94.96m Kalkaroo Stage 1 income and $3.35m net fair-value gains.
Other income totalled $97.30m; tax expense was $18.17m, including $11.40m current and $6.77m deferred tax.
Operating cash outflow was $15.06m; investing cash inflow was $52.94m and financing cash inflow was $2.46m.
Outlook and guidance
Sandfire plans to invest ~US$70m in a new Kalkaroo PFS, expected during Sandfire H2 FY28, predominantly aligning with FY28 ending 31 July 2028.
Sandfire committed at least 20,000m of Kalkaroo drilling and $30m over 24 months for regional exploration; the first $15m instalment was funded.
Kantra Copper plans up to $10m over up to 24 months for Coburn studies, including 5,000m of resource drilling; full PFS work depends on Phase 1 viability.
Targeted drilling across priority Curnamona prospects is planned, supported by Kalkaroo proceeds and partner-funded programs.
- Strong cash position and major project milestones achieved, with shareholder distribution planned.HAV
Q4 2026 TU - Major copper project deals and strong cash position drive exploration and growth.HAV
Q3 2026 TU - Loss narrowed, cash up, and major Sandfire deal boosts future funding and exploration.HAV
H1 2026 - Unlocking value from multi-commodity projects in South Australia's Curnamona Province.HAV
Investor presentation - Sandfire partnership advances Kalkaroo and funds exploration, boosting copper and uranium prospects.HAV
AGM 2025 Presentation - Net loss of $3.28 million amid asset monetisation, exploration success, and strong capital raising.HAV
H2 2025 - Kalkaroo transaction to deliver $210M and $30M exploration funding, pending approval.HAV
Q1 2026 TU - Strong exploration results and new funding highlight a critical need for further capital.HAV
Q4 2025 TU - Profit surged to $5.57 million as asset sales, investments, and copper project advances offset BHP's exit.HAV
H2 2024
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