Havilah Resources Limited announced that SIMEC Mining, an affiliate of the GFG Alliance, has elected to extend the period of exclusivity to complete its due diligence on Havilah's Maldorky and Grants iron ore projects until 31 March 2019. In accordance with the extension agreement SIMEC Mining will now be making a payment of $1 million to Havilah. The joint objective of this due diligence and extension of the exclusivity is to determine the future development and commercialisation potential of Havilah's iron ore projects. Any commercialisation agreement with SIMEC Mining regarding the iron ore projects would be subject to the results of the current due diligence studies and finalisation of a mutually acceptable deal structure and commercial terms. The $1 million payment for the extension will be deducted from any amount payable by SIMEC Mining to Havilah under any transaction that may be concluded between the parties within calendar year 2019.