Hillgrove Resources Limited · ASX:HGO

Hillgrove Resources — Emerging Copper Stars Conference 2025

13 slides from Hillgrove Resources's conference presentation, Oct 15, 2025

  1. Slide 1: Emerging Copper Stars Presentation

    15 October 2025 EMERGING COPPER STARS PRESENTATION Hillgrove Resources Ltd (the “Company” or “Hillgrove”) is pleased to enclose a copy of the presentation delivered by Mr Bob Fulker, Managing Director & CEO, at the Emerging Copper Stars Conference hosted by MST Access and NRW on Wednesday 15 October

  2. Slide 2: An Australian Copper Producer - Emerging Copper Superstars

    For personal use only An Australian Copper Producer EMERGING COPPER SUPERSTARS Investor Presentation October 2025 Bob Fulker Managing Director & Chief Executive Officer

  3. 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

  4. Slide 4: Corporate Snapshot

    Corporate Snapshot Flagship Kanmantoo mine is scalable and community backed For personal use only Market Statistics Major Shareholders Share price1 $0.04 Freepoint Metals & Concentrates 15.1% Shares on issue1 3,268M Ariadne Australia 8.12% Market capitalisation $124M Board & Management Debt Nil Cash

  5. Slide 5: Delivering and Growing the Business

    Delivering and Growing the Business Building blocks to consistent positive cash flow CY25 Guidance1 Near term production growth - Nugent Material Scale Up Opportunities For personal use only  11-11.5kt Cu in concentrate  1.7-1.8Mtpa run rate H1 2026  Utilise 3.6Mtpa plant capacity  US$4.20-4.45/

  6. Slide 6: Kanmantoo Mine (100%)

    Kanmantoo Mine (100%) Operating underground mine 60km from Adelaide, SA  Copper Gold Resource and Reserve For personal use only o Mineral Resource (2024) – 19.3Mt containing 150kt Cu & 82koz Au1 o Ore Reserve (2024) – 2.8Mt containing 26kt Cu & 14koz Au1 o Upgrade expected Q4 2025  Latent capacity

  7. Slide 7: Significant near mine growth opportunities

    Significant near mine growth opportunities Growth opportunities underpinned by 60,000 metres of drilling planned in 20251 For personal use only  Nugent development fast tracked o Target ~0.3-0.4Mtpa extra feed o Stoping commenced at Nugent to boost production  Extension drilling underway at Nugent

  8. Slide 8: Outstanding Results at Emily Star

    Outstanding Results at Emily Star Mineralisation at Emily Star to complement Nugent and Kavanagh production For personal use only  Emily Star results confirm geological model 1: o 6.3m @ 1.76% Cu + 0.12g/t Au from 425.15m (25KVUG0699) o 19.1m @ 1.91% Cu + 0.15g/t Au from 500m (25KVUG0699) o 5.7m @

  9. Slide 9: Emily Star Development

    Emily Star Development Third mining front providing milling optionality For personal use only Multi-staged approach to best manage development capital  Stage 1: Establish drill platforms from the Nugent 1010 drill site for resource definition drilling  Stage 2: Develop Emily Star decline and venti

  10. Slide 10: The Hillgrove Value Proposition

    The Hillgrove Value Proposition Well funded to deliver near mine targets to drive production growth and lower unit operating costs For personal use only Cu Strategy Tier 1 Jurisdiction Robust Resources Cash Generating Operation Latent Capacity for Growth Near Mine Exploration Upside Potential Experi

  11. Slide 11: Thank you

    For personal use only Thank you 10

  12. Slide 12: Appendix - Kanmantoo Mineral Resource

    Appendix - Kanmantoo Mineral Resource Tonnage Cu Au Ag Bi Cu Metal Au Metal Mine Area JORC Classification (kt) (%) (g/t) (g/t) (ppm) (kt) (koz) Notes: For personal use only 1. Due to effects of rounding, total numbers may not sum. Measured 3,200 0.94 0.04 2.9 190 30 4 2. Tonnage and metal are rounde

  13. Slide 13: Appendix - Kanmantoo Ore Reserve

    Appendix - Kanmantoo Ore Reserve Tonnes Cu Cu Metal Au Metal Mine Area JORC Classification Au (ppm) Ag (ppm) Bi (ppm) For personal use only (kt) (%) (kt) (koz) Proved 1,100 1.01 0.04 2.82 220 12 1 Kavanagh Probable 1,000 0.88 0.15 2.7 140 9 5 Proved + Probable Kavanagh Total 2,100 0.95 0.09 2.76 180

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