Havilah Resources NL’s recent drilling of a high intensity aeromagnetic anomaly at its 100% owned Maldorky iron ore project indicates a significant new iron ore discovery. A line of drill holes have defined over 50m thickness of shallow south dipping iron rich siltstones, with generally better than average iron grades for the Braemar Iron Formation. The drill cuttings are exceptionally magnetite rich, and Davis Tube test work is underway to determine the quality of the upgraded magnetite concentrate from drill samples. Although the deposit does not outcrop, it has minimal overburden and limited surface oxidation. These attributes, combined with the shallow dip are very favorable for a low cost open pit mining operation. The Maldorky iron ore project lies 30km south of the Transcontinental Railway, some 300km east of Port Pirie. Havilah’s immediate intention is to secure financing from a foreign joint venture partner involved in the steel industry in order to complete feasibility studies and to develop the project.