Havilah Resources (HAV) H1 2026 earnings summary

Executive summary

• Focused on exploration and evaluation of copper, gold, and strategic metals in South Australia, aiming to convert resources into profitable mines or value through transactions.

• Strategic vision targets growth and value realization from a multi-commodity portfolio via discoveries and deals over the next two years.

• Major progress includes a binding transaction with Sandfire Resources for the Kalkaroo project and a joint venture with Heavy Rare Earths Limited for tin exposure.

Financial highlights

• Net loss after tax for the half-year was $1,081,042, an improvement from a $1,163,965 loss in the prior period.

• Recognized a net fair value gain of $432,161 from equity investments, offsetting some losses.

• Cash and cash equivalents increased to $731,518 at period end, up from $541,332 at July 2025.

• Operating activities resulted in net cash outflows of $961,154, compared to inflows of $1,233,006 in the prior period.

• Contributed equity rose by $2,495,000 due to share placements and option exercises.

Outlook and guidance

• Post-period, received $31.5 million cash and 4.64 million Sandfire shares as part of the Kalkaroo transaction, plus $15 million for exploration.

• Directors consider the going concern basis appropriate, citing strengthened cash position and multiple funding options.