Havilah recognised with commercial achievement award

Havilah recognised with commercial achievement award

Arion Legal was heavily involved in assisting Havilah in negotiating and completing the deal for the development of the Portia gold mine in South Australia. The deal was recognised for its unique and innovative commercial and funding model which has allowed Havilah to proceed with the development and operation of the Portia gold mine in a tough economic climate for mining projects.

Media Release: 22 April 2016:
Havilah has been awarded the inaugural Ocean Partners Commercial Achievement Award recognising the success of its innovative funding model for the Portia Gold Mine.

Havilah Resources Limited (“Havilah” or “Company”) is pleased to announce that it received the inaugural Ocean Partners Commercial Achievement Award for the innovative funding model that enabled its Portia Gold Project to come to fruition. This award is an initiative of the South Australian Chamber of Mines and Energy (SACOME) and was announced at SACOME’s Annual Resources Industry Dinner. Further details can be found in SACOME’s media release available on the following link:

Commenting on the award, Havilah’s Managing Director, Dr Chris Giles said:
“SACOME is to be congratulated for this initiative. Things are tough in our industry and it is good that unique and special achievements are recognised.
“I would also like to acknowledge Minister Koutsantonis’ unwavering support and encouragement of mining in our State. He has taken some courageous initiatives and is continuously seeking ways to improve the regulatory framework for mining and we applaud that.
“Havilah’s small dedicated management team and legal counsel, Mark Stewart of Arion Legal, are thanked for their hard work in implementing the mining agreement and funding arrangements.

“Particular thanks is also due to Steve Radford, the owner and Managing Director of our mining partner, Consolidated Mining and Civil, who was prepared to back our venture. His execution of the mining operations has been outstanding. He has spared no effort in helping to make the project a success and we sincerely thank him and his team” said Dr Giles.

Steve Radford, Owner and Managing Director of Consolidated Mining and Civil (left) with Chris Giles Managing Director of Havilah Resources holding the Ocean Partners Commercial Achievement Award.