Hillgrove Resources Limited · ASX:HGO
Hillgrove Resources — Shareholder Meeting (June 2009)
43 slides from Hillgrove Resources's shareholder meeting presentation, Jun 24, 2009
Slide 1: 2009 Annual General Meeting
2009 ANNUAL GENERAL MEETING STAMFORD PLAZA HOTEL, ADELAIDE 24 June 2009
Slide 2: Chairman's Address: Net Profit After Tax
Chairman’s Address Net Profit After Tax HGO - NPAT $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 -$2,000,000 2005 2006 2007 2008 2009 -$4,000,000 -$6,000,000 1
Slide 3: Chairman's Address: Net Assets
Chairman’s Address Net Assets HGO - Net Assets $90,000,000 $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $0 2005 2006 2007 2008 2009 2
Slide 4: Managing Director's Presentation
Copper, Gold and Gas ANNUAL GENERAL MEETING Managing Director’s Presentation 24 June 2009
Slide 5: Disclaimer
Disclaimer This presentation should not be relied upon as a representation of any matter that a potential investor or their adviser should consider in evaluating the Company. Potential investors must make their own independent assessment and investigation of the matters contained herein and should n
Slide 6: Key Assets
Key Assets Australian Based with Asian Expansion Hillgrove Resources Limited (ASX:HGO) • Gold and Base Metals Explorer • Kanmantoo Copper/Gold Project Indonesian Exploration • Joint Ventures: 80.0% Direct PT Akram Resources Bird’s Head PT Fathi Resources Sumba • Large scale epithermal/porphyry g
Slide 7: Introduction to Hillgrove
Introduction to Hillgrove Major Assets Focused on development of its near term Kanmantoo copper/gold project 60km east of Adelaide • Initial mine inventory of 12Mt supports a 6.5 year mine life producing 15 – 20kt p.a. of copper in concentrate with gold and silver credits • Excellent potential to ex
Slide 8: Key Investment Metrics
Introduction to Hillgrove Key Investment Metrics Hillgrove Resources 19/06/09 Share Price $ 0.19 Trading History 52 Week - high $ 0.34 Price (A$) Hillgrove Resources - low $ 0.08 0.40 4.5 0.35 4.0 Ordinary shares # 413.0M 0.30 3.5 0.25 3.0 Market capitalisation $ 78.5M 0.20 2.5 2.0 0.15 Cash $ 10.6M
Slide 9: Regional Pipeline – Indonesia
Regional Pipeline – Indonesia Highly Prospective Advanced Gold Exploration Advanced projects totalling 5,248km² – with significant mineralisation already identified 8
Slide 10: Bird's Head Project: Mineralisation Model
Bird’s Head Project Mineralisation Model • Magmatic arc deposits are classified by the depth at which they form • Bird’s Head has seen a number of phases of tectonic activity, including uplift and associated mineralising events that have led to the over printing or telescoping of epithermal minerali
Slide 11: Bird's Head, Indonesia: Regional Setting
Bird’s Head, Indonesia Regional Setting Bird’s Head covers part of the interpreted westward continuation of the New Guinea ‘Orogenic Belt’ 10
Slide 12: West Papua – Mineral Occurrences
Bird’s Head Project West Papua – Mineral Occurrences 11
Slide 13: Project Scale Geology & Geomorphology
Bird’s Head Project Project Scale Geology & Geomorphology Multiple Diorite – Granodiorite Intrusives, Magmatic Centre’s – Widespread Hydrothermal Activity 12
Slide 14: 3D Geology & Geomorphology
Bird’s Head Project 3D Geology & Geomorphology • Overall northward younging of the strata caused by the interaction of the topography and the overall shallow northward dips. The topography is broadly “dip slope” in character • The major Sansapor fault (and probably also the Sorong fault) may be reve
Slide 15: Historical Drainage Anomalies
Bird’s Head Project Historical Drainage Anomalies Stream Sediment Anomalies by Gold Work by Normandy and past explorers highlighted 16 high order anomalies, with Bird’s Head containing 10 of these 14
Slide 16: Delta Prospect Kali Sute: Copper Soil Geochemistry
Bird’s Head Delta Prospect Kali Sute Copper Soil Geochemistry • Extensive Cu anomalism in main target corridor 6 x 1.5km • Cu mineralisation assoc. with West Delta granodiorite/diorite intrusive, same host rocks as large deposits like Grasberg • Surface expression of a porphyry e.g. Batu Hijau in Su
Slide 17: Delta Prospect: Geochemistry - Copper
Delta Prospect Geochemistry - Copper Delta Copper in Soils • Soil anomalism (Au & Cu) are coincident with circular features which in turn appear to relate to a diorite body, magmatic centre, key driver for mineralising system • This is a key component to all mineralising systems through the belt 16
Slide 18: Delta Prospect West: Geology & Soils
Delta Prospect West: Geology & Soils • Multi phased diorite – granodiorite magmatic centre • Strong Correlation with copper geochemistry • Clear evidence of mineralised porphyry system • WDD7 100m @ 0.21% copper 17
Slide 19: Delta Prospect: West Delta Area
Delta Prospect West Delta Area
Slide 20: Delta Prospect: Geochemistry - Gold
Delta Prospect Geochemistry - Gold Delta Gold in soils • Delta Gold mineralization is fault controlled low- sulphidation epithermal • Two steep pervasive fracture sets are evident. Also, the prospect is transected by some strong 120 degree trending faults 19
Slide 21: Kali Sute: Significant Trench Intercepts
Delta Prospect Kali Sute Significant Trench Intercepts Trenching results confirmed presence of high grade epithermal mineralisation Follow up drilling has intersected: • 14.35m @ 1.71g/t gold and 2.55g/t silver from 13m in KSD1, incl. 7.55m @ 2.97g/t gold and 3.56g/t silver • 6.1m @ 1.25g/t gold and
Slide 22: Alpha Prospect: Structural Setting
Alpha Prospect Structural Setting • Fault controlled low- sulphidation epithermal • Two steep fracture sets are evident • Mineralisation occurs at a dilational jog in the fault system • Circular features potential magmatic centres • Alpha high ground appears to be capped by a palaeoregolith remnant,
Slide 23: Alpha Prospect: Radiometrics
Alpha Prospect Radiometrics Discrete Potassium anomaly on western side of Delta 22
Slide 24: Alpha Prospect: Air Magnetics
Alpha Prospect Air Magnetics Coincident magnetic and potassium anomaly just west of Alpha suggestive of magmatic source 23
Slide 25: Alpha Prospect: Gold Soil Geochemistry
Bird’s Head Project Alpha Prospect Gold (g/t) Soil Geochemistry 1 Kilometre Batu Hijau Extensive gold mineralisation, which appear to be strongly structurally controlled 24
Slide 26: Alpha – Soils (Gold) and Geology
Bird’s Head Project Alpha – Soils (Gold) and Geology 25
Slide 27: Alpha – Soils (Gold) and Alteration
Bird’s Head Project Alpha – Soils (Gold) and Alteration Strong genetic relationship for mineralisation 26
Slide 28: Alpha Prospect: Drilling, Trenching
Bird’s Head Project Alpha Prospect Drilling, Trenching Locations on Gold (g/t) Soil Geochemistry B15 Anomaly • Bonanza trenching A17/19 Anomaly grades, gold associated with epithermal quartz veins • Very limited drilling completed to date, only 5 drill holes A18 Anomaly • Significant scout drilling
Slide 29: Bird's Head Project: Key Attributes
Bird’s Head Project Key Attributes Bird’s Head is an exciting exploration project: • Favourable tectonic setting, interpreted western continuation of New Guinea Orogenic belt, which contains the giant Grasberg deposit • Outstanding surface geochemistry • Strong indications of a multi-phased minerali
Slide 30: Birds Head Project Budget Timeline
Birds Head Project Budget Timeline – April 2009 to January 2011 • Establish a positive working relationship with local and regional government and with the local communities • Establish a coastal base camp at Warmandi as the main base to service helicopter supported Reconnaissance and drilling opera
Slide 31: Kali Sute - Exploration
Birds Head Project Kali Sute - Exploration • Soil Sampling Program (1000 samples) • Rock chipping (400 samples) • Follow up trenching (2000 samples, 2m composites) • Detailed mapping (geological and structural) • Drilling (3,000 – 5,000m) 30
Slide 32: West Delta - Exploration
Birds Head Project West Delta - Exploration • Soil Sampling Program (1153 samples) • Rock chipping (400 samples) • Follow up trenching (2000 samples, 2m composites) • Detailed mapping (geological and structural) • Drilling (5,000 – 7,000m) 31
Slide 33: Alpha Prospect - Exploration
Birds Head Project Alpha Prospect - Exploration • Detailed mapping (geological and B15 Anomaly A17/19 Anomaly structural) • Rock chipping (100 samples) • Follow up trenching (2000 samples, 2m composites) A18 Anomaly 32
Slide 34: Birds Head Project: Alpha Prospect
Birds Head Project Alpha Prospect 33
Slide 35: Building a Team
Birds Head Project Building a Team 34
Slide 36: Landing Barge – Logistic Support
Birds Head Project Landing Barge – Logistic Support 35
Slide 37: Community Relationships
Birds Head Project Community Relationships 36
Slide 38: 2009 Work Program
Bird’s Head 2009 Work Program The 2009 work program is currently being developed and subject to approval is likely to include: • Further historical data review and compilation • Socialisation • Logistical support • Establish coastal and Delta base camp • Geological mapping, rock chip sampling and tr
Slide 39: Bird's Head: Summary
Bird’s Head Summary • The Bird’s Head Project represents an excellent opportunity to explore for large scale epithermal and porphyry style mineralisation within a geological setting that has been proven to host world class deposits • The Project covers a large area of what is interpreted to be the w
Slide 40: Indonesia: Sumba Island Prospect
Indonesia Sumba Island Prospect • KP 350/KEP/HK/2007 general survey license granted on Sumba covering an area of 3,433km² • Indonesian subsidiary of Hillgrove, PT Fathi Resources to undertake exploration work, studies and steps to advance the KP to exploration status in return for an indirect 80% in
Slide 41: Sumba: Pahandanjal Region
Sumba HILLGROVE Pahandanjal Region RESOURCES 40
Slide 42: Summary
Summary Targeting discovery of world class ore bodies: 5,248 km² – West Papua and Sumba Investments: ~ $145 million of listed strategic resources investments East Coast Australia Gas: Strategic stake in leading coal seam gas independent Latent Copper Production: Kanmantoo production targeted
Slide 43: Competent Persons
Hillgrove Resources Limited Competent Persons The information in this report that relates to Exploration Results announced by Hillgrove Resources Limited and InterMet Resources Limited is based on information compiled by Mr Dale Ferguson, who is a Member of The Australasian Institute of Mining and M
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