Hillgrove Resources Limited · ASX:HGO
Hillgrove Resources — Shareholder Meeting (May 2026)
19 slides from Hillgrove Resources's shareholder meeting presentation, May 26, 2026
Slide 1: AGM – CEO & Managing Director Presentation
26 May 2026 AGM – CEO & MANAGING DIRECTOR PRESENTATION 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 Company’s Annual General meeting on Tuesday, 26 May 2026
Slide 2: An Australian Copper Producer – AGM Presentation
An Australian Copper Producer Annual General Meeting Presentation 26 May 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: Corporate Snapshot
Corporate Snapshot An Australian Copper Producer ASX:HGO BOARD & MANAGEMENT Share price1 $0.045 Derek Carter Chair Shares on issue1 3,414 M Bob Fulker CEO & Managing Director Market capitalisation $154 M Murray Boyte Non-Exec. Director Debt Nil Roger Higgins Non-Exec. Director Cash2 $25 M Luke Ander
Slide 5: Copper Market Outlook
Copper Market Outlook Hillgrove is well-positioned as supply tightens Copper Concentrate Supply, Demand, & LME Price Forecast ▪ Very few new copper discoveries – long development time frame 26,000 13,000 12,000 ▪ Existing mines trending higher cost and lower grade Copper Concentrate 24,000 11,000 Pr
Slide 6: Delivering and Growing the Business
Delivering and Growing the Business Building blocks to consistent positive cash flow 2026 Guidance1 Mine Life & Throughput Upsides Material Scale Up Opportunities ▪ 12,750 – 14,000 tonnes Cu produced ▪ Increase mine life ▪ Utilise latent plant capacity ▪ AISC A$5.75–6.25/lb payable Cu sold ▪ Focusin
Slide 7: Kanmantoo Copper Mine (100%)
Kanmantoo Copper Mine (100%) Cash Positive Operation Ready for Growth ▪ Copper Gold Resources and Reserves o Mineral Resource (2025) – 22Mt containing 160kt Cu & 120koz Au1 o Ore Reserve (2025) – 4.0Mt containing 34kt Cu & 29koz Au1 o Only 29,377m of the 2025 drilling incorporated in the 2025 MROR,
Slide 8: 2026 Development & Stope Plan
2026 Development & Stope Plan Ramping up Nugent production and unlocking Emily Star and North Kavanagh access Nugent Kavanagh 2026 Planned development and stoping areas1 based on the 2025 Kanmantoo Mineral Resource Estimate2 7 1. Refer to ASX release on 22 January 2026 titled “Quarterly Report for 3
Slide 9: Emily Star Development
Emily Star Development Third mining front to provide milling optionality Multi-staged approach to best manage development capital ▪ Stage 1 (complete): Establish drill platforms from the Emily Star Exploration Incline for resource definition drilling o 266m extension from the 1010 Nugent diamond Dri
Slide 10: Near-Mine Prospects
Near-Mine Prospects 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 ▪ The breadth of prospects
Slide 11: Mutooroo Copper Development Project Farm-In
Mutooroo Copper Development Project Farm-In1 High-grade copper growth option unlocked by Hillgrove’s infrastructure advantage ▪ Hillgrove’s Kanmantoo processing facility provides a potential lower capital intensity and lower execution risk pathway to develop Mutooroo’s 192kt of Cu from the JORC Sulp
Slide 12: Mutooroo Transaction Overview
Mutooroo Transaction Overview1 Phased earn-in aligns spend with confidence Farm-In Arrangements Joint Venture Agreement ▪ Conditional on the renewal of Exploration Licence (EL) 6592 on ▪ Hillgrove to earn an 80% interest in Mutooroo upon Final Investment terms reasonably acceptable to Hillgrove, up-
Slide 13: Regional Exploration
Regional Exploration Building a multi-asset copper growth pipeline ▪ Kanappa drilling progressing – tender underway, mobilisation expected shortly, forming the next major exploration catalyst ▪ Firehawk - Geophysical data collected and processing underway ▪ Expanded SA footprint with newly acquired
Slide 14: Upcoming Milestones
Upcoming Milestones Clear milestones driving sustained copper growth through 2026 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 Regional Exploration Kanappa – approvals Kanappa
Slide 15: The Hillgrove Value Proposition
The Hillgrove Value Proposition Well funded to deliver near mine targets to drive production growth and lower unit operating costs Cu Strategy in Tier 1 Jurisdiction Robust Resources & Reserves Cash Generating Operation Latent Installed Capacity for Growth Near Mine Exploration Upside Potential 14
Slide 16: Thank you
Thank you To receive up-to-date company information, scan the QR code to join our Investor Hub 15
Slide 17: 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) 1. Due to effects of rounding, total numbers may not sum. 2. Inferred 1 – includes Kavanagh high grade Inferred; Central Measured 4,200 0.80 0.11 2.7 33 15 Ka
Slide 18: Appendix - Kanmantoo Mineral Reserve
Appendix - Kanmantoo Mineral Reserve Tonnes Cu Au CuEq Ag Cu Metal Au Metal Mine Area Classification (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 1.0 1.9 3 4 Nugent Pro
Slide 19: Appendix - Mutooroo Mineral Resource
Appendix - Mutooroo Mineral Resource Resource Copper Cobalt Gold Copper Cobalt Gold 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 Indicated Sulphide 1,