Havilah Resources (ASX:HAV) said downhole electromagnetic survey results at the Mutooroo copper-cobalt-gold project in South Australia, indicated that sulfide mineralization extended to at least 200 meters below drilling, according to a Friday Australian bourse filing.

The survey follows the signing of a binding agreement with JX Advanced Metals and the recent completion of a 35-hole drilling program totaling 7,511 meters.

Both parties are in talks over the terms of an agreement for funding of a future pre-feasibility study for the project and an option to acquire an interest in the project.