Havilah Resources Limited reported that diamond drill-hole GBDD014 at Havilah's Grants Iron Ore Basin Project has recently been completed at a final depth of 624.4m. The diamond drill-hole has provided the first interpreted full thickness intersection of the Grants Basin iron bearing sequence, as well as providing material for preliminary metallurgical test-work from this new discovery. The hole will also provide partial twinned hole drill data for the adjacent GBRC008 (316 metres total depth) to compare reverse circulation (RC) data with drill core data. This drilling is part of a comprehensive program of work currently being performed and funded by SIMEC Mining (an affiliate of the GFG Alliance) as part of their due diligence investigation of the commercialization potential of Havilah's Maldorky and Grants iron ore projects. The drilling program was implemented and supervised by Havilah personnel. Drilling was completed by MJ Drilling using a UDR650 drill rig. The HQ3 sized diamond cored hole used the existing reverse circulation (RC) hole GBRC006 (~130m total depth) as a precollar to drill to the final depth of 624.4m. The core has been logged in detail, photographed and will shortly be transported to SIMEC's Whyalla facilities for core cutting and laboratory analysis. Core to bedding angles suggest an average bedding dip of approximately 35 degrees at this location, which, if correct, would indicate a true thickness of the iron sequence of approximately 450 meters. Further drilling is required to verify this interpretation and to gain a better appreciation of the likely basin geometry. Notwithstanding this, the drilling results to date have been supportive of Havilah's original exploration concept and drill targeting. The Niton XRF Fe analyses of the drill core, while generally consistent with laboratory Fe assays in the adjacent GBRC008 RC drill-hole, should not be relied upon as there are inherent uncertainties in XRF analyses of non- pulverised diamond drill core sample. At this stage the Niton-based intersection of 486m @ 24.06% Fe in drillhole GBDD014 should be regarded as a preliminary indicative estimate of the diamond drill intersection. Laboratory assay results will be reported when made available by SIMEC Mining and will provide a more accurate and reliable grade estimate of the intersection interval.