South Australian metals developer Havilah Resources has secured up to A$100-million in funding from Sanjeev Gupta’s GFG Alliance, through one of its members SIMEC Mining.
The funding will be provided through a series of equity placements in Havilah, at a premium of up to 35%, over a three-year period, potentially providing GFG with a 51% stake in Havilah, if all the equity placements are made.