SIMEC Continues Deal With Havilah At Iron Ore Projects

SIMEC Mining has extended its exclusivity period at Havilah Resources’ Maldorky and Grants iron ore projects in South Australia.

The GFG Alliance-owned SIMEC will make a payment of $1 million, in accordance with the companies’ extension agreement, to extend the exclusive period to the end of March 2019, an additional two months.

This extension will allow SIMEC to complete due diligence at the mines and develop their “commercialisation potential”, according to a statement from Havilah.

The two deposits are positioned near GFG’s Whyalla operations and feature a continuous rail link to port.