Hillgrove Resources Limited · ASX:HGO
Hillgrove Resources — Sydney Resources Roundup 2022
18 slides from Hillgrove Resources's conference presentation, May 3, 2022
Slide 1: Investor Presentation Sydney Resources Roundup
Tuesday, 3 May 2022 INVESTOR PRESENTATION SYDNEY RESOURCES ROUNDUP For personal use only Hillgrove Resources Limited’s CEO and Managing Director Lachlan Wallace will be presenting at the Sydney Resources Roundup this afternoon, please refer to the attached presentation. Mr Wallace will be presenting
Slide 2: Australia's Next Copper Mine
AUSTRALIA’S NEXT COPPER MINE For personal use only Lachlan Wallace CEO & Managing Director 3 May 2022 1
Slide 3: Important Notice - Cautionary Statement
IMPORTANT NOTICE CAUTIONARY STATEMENT The Economic Assessment discussed herein has been undertaken to explore the technical and economic feasibility of developing an underground mine to economically and sustainably exploit the Kanmantoo Copper Gold Deposit, located in South Australia. The Kanmantoo
Slide 4: Hillgrove Resources: Corporate Snapshot
Hillgrove Resources: Corporate Snapshot For personal use only Company Overview Investment Highlights • ASX listed (‘HGO’) Australian resources company that owns and ✓ Advanced, fully permitted project with key infrastructure in place operates the Kanmantoo Copper Gold Mine in South Australia for a <
Slide 5: Kanmantoo – A unique opportunity in copper
Kanmantoo – A unique opportunity in copper For personal use only Ability for a fast, low capex restart ✓ Fully permitted ✓ 3.6Mtpa plant maintained on C&M ✓ Fully operational TSF with additional capacity ✓ Local workforce with key hires already recruited ✓ Same geology, geotech and metallurgy as ope
Slide 6: Low capital, low risk, near term - Stage 1 Kanmantoo UG
LOW CAPITAL - Australia's lowest capital intensity Excellent Economic Metrics LOW RISK - permitted, infrastructure built NEAR TERM - commencing 2022 For personal use only Stage 1 Kanmantoo UG RESOURCE ✓ Resource: 5.7Mt @ 1.1% Cu, 0.3 g/t Au, 62kt STAGE 1 PLAN Copper Production kt Cu 36 Gold Producti
Slide 7: Underground decline commenced
For personal use only Underground decline commenced 6
Slide 8: Only 13m in!
For personal use only ONLY 13m IN! High grade mineralisation in the ventilation drive already being mined and taken to the ROM stockpile 7
Slide 9: Pathway to being Australia's next Cu producer
Pathway to being Australia’s next Cu producer For personal use only 8
Slide 10: Increasing Mine Life and Annual Throughput
Increasing Mine Life and Annual Throughput For personal use only Initial mine plan includes only 2 of 9 deposits on the lease to ~250m depth and only utilises 40% of processing and tailings capacity 9
Slide 11: Follow up targets to further expand resource
Follow up targets to further expand resource For personal use only Stage 1 is limited to 250m in depth Stage 1 Nugent Stage 1 Kavanagh UG Mine Area UG Mine Area 10
Slide 12: Kavanagh Open down dip and along strike to south
Kavanagh Open down dip and along strike to south For personal use only Open along strike Stage 1 Nugent Stage 1 Kavanagh UG Mine Area UG Mine Area Open down dip 11
Slide 13: Nugent Recent drilling expected to increase Resource
Nugent Recent drilling expected to increase Resource For personal use only Stage 1 Nugent Stage 1 Kavanagh UG Mine Area UG Mine Area 12
Slide 14: Nugent Open down dip and along strike to south
Nugent Open down dip and along strike to south For personal use only Stage 1 Nugent Stage 1 Kavanagh UG Mine Area UG Mine Area 13
Slide 15: South Hub & North Hub
South Hub & North Hub For personal use only South North Hub Hub South Hub: Critchley, Paringa & Emily Star North Hub: North Kav & Coopers 17m @ 3.6% Cu 0.6 g/t Au 9m @ 2.1% Cu 0.7 g/t Au 14m @ 2.8% Cu 0.3 g/t Au 10m @ 1.6% Cu 0.6 g/t Au Stella: 0.6m @ 10.1% Cu 16.8 g/t Au 14
Slide 16: HGO: Investment highlights
HGO: Investment highlights For personal use only ■ PERMITTED, LOW COST, LOW RISK, NEAR TERM COPPER-GOLD PRODUCTION ■ STAGE 1 HAS STRONG FINANCIALS WITH SHORT PAYBACK PERIOD ■ PLANNED COMMENCEMENT IN 2022 ■ DEMONSTRATED RESOURCE WITH MULTIPLE OPTIONS TO INCREASE ■ OPTIONALITY TO RAMP UP COPPER PRODUC
Slide 17: Appendix
For personal use only Appendix 16
Slide 18: Important Notice - References
IMPORTANT NOTICE References All exploration drill results, exploration information and Mineral Resource Estimates have previously been reported to the ASX by Competent Person at the time. The results reported herein are reported in the For personal use only form and context of the original ASX relea