Hillgrove Resources Limited · ASX:HGO
Hillgrove Resources — Kantra Copper — Noosa Mining Conference 2026
19 slides from Hillgrove Resources's conference presentation, Jul 21, 2026
Slide 1: Presentation – Noosa Mining Conference
21 July 2026 PRESENTATION – NOOSA MINING CONFERENCE Hillgrove Resources Ltd (“the Company” or “Hillgrove”) (ASX:HGO) is pleased to enclose a copy of the presentation to be delivered by Hillgrove’s CEO & Managing Director, Bob Fulker, at the Noosa Mining Conference at 11:30am (AEST) on Friday, 24 Jul
Slide 2: An Australian Copper Producer
An Australian Copper Producer For personal use only Noosa Mining Conference July 2026 Bob Fulker Chief Executive Officer & Managing Director
Slide 3: Important Notice and Disclaimer
Important Notice and Disclaimer Disclaimer To the maximum extent permitted by law, neither Hillgrove nor its related corporations, directors, officers, employees or agents, nor any other person, accepts any liability, including, without limitation, any liability arising from fault or negligence, for
Slide 4: Growing Copper Producer
Growing Copper Producer With strong development & exploration pipelines ASX:HGO BOARD & MANAGEMENT For personal use only Share price1 $0.056 Derek Carter Chair Shares on issue1 3,539 M Bob Fulker CEO & Managing Director Market capitalisation $198 M Murray Boyte Non-Exec. Director Debt Nil Roger Higg
Slide 5: Copper Market Outlook
Copper Market Outlook Hillgrove is well-positioned as supply tightens Copper Concentrate Supply, Demand, & LME Very few new copper discoveries – long development time frame For personal use only Price Forecast ▪ 26,000 13,000 ▪ Existing mines trending higher cost and lower grade 12,000 Copper Concen
Slide 6: Delivering and Growing the Business
Delivering and Growing the Business Building blocks to value creation 2026 Guidance1 Mine Life & Throughput Upsides Material Scale Up Opportunities For personal use only ▪ 12,750 – 14,000 tonnes Cu produced ▪ Mine life extension ▪ Utilise latent plant capacity ▪ AISC A$5.75–6.25/lb payable Cu sold ▪
Slide 7: Kanmantoo Copper Mine (100%)
Kanmantoo Copper Mine (100%) Latent capacity enables material production and cost reduction upside Resources1 Fully Permitted Operation 22 Mt 160 kt Cu 120 koz Au 700m/mth For personal use only 1.8 Mtpa 2 Active 3rd Mining Front2 Resources Contained Contained UG Run Rate Mining Fronts Development Un
Slide 8: For personal use only
DRAFT For personal use only Open at depth Open at depth Open at depth 7 Open at depth
Slide 9: Emily Star Development Approved
Emily Star Development Approved Third mining front to provide optionality1 For personal use only ▪ Geological continuity confirmed ▪ No material geotechnical risks identified ▪ $20 - $22 million capital requirement to completion, in addition to the $2.9 million spent YTD ▪ $6.5 – 7.5 million spendin
Slide 10: Near-Mine Prospects
Near-Mine Prospects For personal use only Supporting multi-year growth potential 13 Targets within 1 km from the Kanmantoo Processing Facility1 ▪ High-grade hits across multiple corridors ▪ Targets close to existing infrastructure, shortening development timelines and reducing capital intensity ▪ Th
Slide 11: Mutooroo Copper Project
Mutooroo Copper Project High-grade copper growth option unlocked by Hillgrove’s infrastructure advantage For personal use only ▪ Farm-in Agreement enables Hillgrove to earn up to 80% interest in Mutooroo over a 24-month period1 ▪ Phased PFS of up to $10 million: o Phase 1 – Focused on rail logistics
Slide 12: Regional Exploration
Regional Exploration Building a multi-asset copper growth pipeline For personal use only ▪ Kanappa (EL 6526) – drilling commenced in June 2026 ▪ Firehawk (EL 6294) – Geophysical data collected and processing underway ▪ Strategic tenement holding at high-potential structural corridors Kanappa ▪ Clear
Slide 13: Transitioning to Kantra Copper
Transitioning to Kantra Copper Strengthening our identity as a copper producer For personal use only ▪ Kantra combines “Kan” (from Kanmantoo Copper Mine) with “tra”, a variation of Terra (Latin for earth) - a modern name that is grounded in the Company’s heritage while signalling a broader, future-f
Slide 14: Upcoming Milestones
Upcoming Milestones Building on consistent delivery to unlock future value For personal use only Kanmantoo Operation H1 2026 H2 2026 Ramp up to 1.7-1.8Mtpa Run Rate Emily Star Stage 1 Drill Platform Drilling to Inform Stage 2 Decision Stage 2 Investment Decision Resources & Reserves Resource
Slide 15: Copper Foundation, Multi-asset Future
Copper Foundation, Multi-asset Future Building the next mid-tier copper company For personal use only Cu Strategy in Tier 1 Jurisdiction Robust Resources & Reserves Cash Generating Operation Latent Installed Capacity for Growth Mutooroo Copper Growth Option Near Mine Exploration Upside Potential 14
Slide 16: Contact
Contact For personal use only Hillgrove Resources 5-7 King William Road Unley SA 5041 info@hillgroveresources.com.au www.hillgroveresources.com.au Thank you Bob Fulker CEO & Managing Director +61 (0)8 7070 1698 To receive up-to-date Luke Anderson CFO & Joint Company Secretary company information, +6
Slide 17: Appendix - Kanmantoo Mineral Reserve
Appendix - Kanmantoo Mineral Reserve Tonnes Cu Au CuEq Ag Cu Metal Au Metal Mine Area Classification For personal use only (kt) (%) (ppm) (%) (ppm) (kt) (koz) Proved 1,500 0.96 0.11 1.0 2.8 14 5 Kavanagh Probable 900 0.89 0.19 1.0 2.9 8 5 Sub-Total 2,300 0.93 0.14 1.0 2.8 22 10 Proved 360 0.73 0.37
Slide 18: Appendix - Kanmantoo Mineral Resource
Appendix - Kanmantoo Mineral Resource Tonnage Cu Au Ag Cu Metal Au Metal JORC Mine Area Notes: Classification (kt) (%) (g/t) (g/t) (kt) (koz) For personal use only 1. Due to effects of rounding, total numbers may not sum. 2. Inferred 1 – includes Kavanagh high grade Inferred; Central Measured 4,200
Slide 19: Appendix - Mutooroo Mineral Resource
Appendix - Mutooroo Mineral Resource Resource Copper Cobalt Gold Copper Cobalt Gold For personal use only Classification Tonnes Category % % g/t tonnes tonnes ounces Measured Oxide 598,000 0.56 0.04 0.08 Subtotal Oxide 598,000 0.56 0.04 0.08 3,300 200 1,500 Measured Sulphide 4,149,000 1.23 0.14 0.18