Havilah Resources Limited has initiated a second phase of reverse circulation drilling at its Johnson Dam prospect, located about 14 kilometers south-southwest of its major Kalkaroo copper-gold-cobalt deposit. The follow-up program targets near-surface hard rock uranium mineralisation, along with associated copper, cobalt, and rare earth elements. The drilling is focused on a linear aeromagnetic high that aligns with a 1,200‐meter long airborne radiometric uranium anomaly, suggesting the presence of a potentially extensive mineralised fault zone. Early results from previous drilling in 2023 revealed encouraging intersections, including significant grades of uranium along with notable copper and cobalt values, and a well-defined, pyritic, mineralised horizon dipping at approximately 45 degrees. The technical aspects of the program indicate that Johnson Dam’s mineralisation is closely associated with gossan outcrops and subsurface sulphides. Preliminary leaching tests have shown promising recovery rates for uranium and copper, reinforcing the prospect’s potential for a shallow open pit operation. The company’s technical director highlighted the prospect’s strategic location near the Kalkaroo deposit and the minimal overburden, both factors that enhance its appeal for further exploration and possible exploitation. From a market perspective, bullish sentiment may stem from the discovery’s multi-metal potential and favourable leaching characteristics, which could yield both near-term and long-term value if the drilling program confirms an exploitable resource. Additionally, the expansive anomaly and geological indicators provide a strong technical rationale for investing in further exploration. Conversely, bearish sentiment could arise from the uncertainties inherent in early exploration stages, including variability in drill results and the challenges associated with extrapolating limited historical data to a full-scale mining operation. Investors should weigh these factors carefully, considering the typical risks and uncertainties of mineral exploration.