Hillgrove Resources Limited · ASX:HGO
Hillgrove Resources — RIU Sydney Resources Roundup 2018
24 slides from Hillgrove Resources's conference presentation, May 8, 2018
Slide 1: RIU Sydney Resources Roundup
For personal use only RIU SYDNEY RESOURCES ROUNDUP PETER ROLLEY IIIII CHIEF GEOLOGIST/EXPLORATION MANAGER 8 MAY 2018
Slide 2: Disclaimer Statement
DISCLAIMER STATEMENT For personal use only No representation or warranty is or will be made by any person (including Hillgrove Resources Limited ACN 004 297 116 (“Hillgrove”, “HGO”, or the “Company”) and its officers, directors, employees, advisers and agents) in relation to the accuracy or complete
Slide 3: Competent Person Statements
COMPETENT PERSON STATEMENTS For personal use only Competent Person's Statement The information in this release that relates to the 2016 Mineral Resource Estimate for Giant is based upon information compiled by Mr Peter Rolley, who is a Member of The Australian Institute of Geoscientists. Mr Rolley i
Slide 4: Contents
CONTENTS For personal use only 1. KANMANTOO PRODUCTION – the cornerstone 2. EXPLORATION IN THE SHADOW OF THE HEADFRAME 3. EXPLORATION IN THE MINE CORRIDOR 4. REGIONAL EXPLORATION Utilising existing infrastructure and cash flow at Kanmantoo to create Company transforming mining projects 4
Slide 5: Location
LOCATION For personal use only Hillgrove Resources Ltd (ASX:HGO) operates the Kanmantoo Copper-Gold Open Pit in the south-east of South Australia. Mineral Resource Estimate1 of Meas+Ind 19.6Mt @ 0.6% Cu, 0.1g/t Au Inf 12.3Mt @ 0.6% Cu, 0.1g/t Au Located approx. 55kms from Adelaide Grid power, water
Slide 6: ASX Summary
ASX SUMMARY For personal use only ASX Listed: HGO Shares on Issue: 568.9 million HGO Share Price - 1 year 0.11 Share price: $0.092 (1 May 2018) 0.1 0.09 A$ p.s. 1 year Low: $0.06 0.08 0.07 1 year High: $0.105 0.06 Market Cap: A$52.3 million Major Shareholders: Ariadne Australia Ltd 26.1% Munro Famil
Slide 7: A Copper – Gold Producer
For personal use only A COPPER – GOLD PRODUCER
Slide 8: Kanmantoo – Significant Copper and Gold Endowment
KANMANTOO – SIGNIFICANT COPPER AND GOLD ENDOWMENT For personal use only Kanmantoo is a copper-gold mine with a large number of structurally controlled Cu-Au ore zones Tenor of Gold can be significant, but varies across lodes. Not previously fully understood Best copper-gold intercepts at the base of
Slide 9: Kanmantoo – Cornerstone Funding for Growth Projects
KANMANTOO – CORNERSTONE FUNDING FOR GROWTH PROJECTS For personal use only Quarterly Copper Production (Cu t) Quarterly copper production at 5500 Kanmantoo continues to improve as a 5000 significant pit cut-back is now completed 4500 4000 Last Quarter 3500 C1 cash cost US$1.86/lb Cu 3000 2017-Q1 2017
Slide 10: Exploration Within the Shadow of the Headframe
For personal use only EXPLORATION WITHIN THE SHADOW OF THE HEADFRAME
Slide 11: Exploration Targets Down-Dip of Known Ore Zones
EXPLORATION TARGETS DOWN-DIP OF KNOWN ORE ZONES For personal use only HGO has demonstrated the extension of several high grade copper-gold zones beyond the final pit design with exploration drilling e.g. 37m @ 1.1% Cu, 1.9g/t Au 5m @ 32.3g/t Au 12m @ 2.2% Cu, 7.9g/t Au Resulting in an Exploration Ta
Slide 12: Down-Dip Drilling Targets
DOWN-DIP DRILLING TARGETS The first UG target is the Nugent copper-gold zone For personal use only Located 180m from the Pit Haul Road The Ore zones in Nugent Pit are up-to 20m wide Nugent Exploration target is 0.8-2.0Mt @ 1.5-2.0% Cu, 1.5-2.5g/t Au Kavanagh target is only 150m from Haul Road 21m @
Slide 13: Exploration Targets Are Proximal to Existing Infrastructure
EXPLORATION TARGETS ARE PROXIMAL TO EXISTING INFRASTRUCTURE For personal use only The Exploration Target; is based on utilising the final in-pit haul road that will extend from surface down to 350m depth and will therefore require minimal capital to develop will benefit from the existing copper- gol
Slide 14: Near Mine Exploration Projects
For personal use only NEAR MINE EXPLORATION PROJECTS Within 3 kms of processing plant
Slide 15: No Systematic Exploration Since 2008
NO SYSTEMATIC EXPLORATION SINCE 2008 For personal use only The Mine Corridor has not seen any systematic exploration since 2008 when the focus was on permitting the Kanmantoo open pit operations The Mine Corridor is ~5kms long Significant drill intercepts have not been followed up, including KTRC742
Slide 16: Unfinished Business
UNFINISHED BUSINESS Wheal Harmony workings For personal use only OUTCROPPING KTRC742 – 5m @ 2.50% Cu Aubert Anomalies from 13m DO NOT OUTCROP – BLIND NO DRILLING! Dipole – Dipole IP Pseudosection – 6113400N (~500m south of the mine lease) Near Mine Targets There are a number of IP and magnetic anoma
Slide 17: Regional Exploration Projects
For personal use only REGIONAL EXPLORATION PROJECTS Within 50kms of Kanmantoo
Slide 18: Delamerian Orogeny
DELAMERIAN OROGENY For personal use only The Kanmantoo Copper-Gold Mine is located in the Delamerian Orogeny of south-east South Australia. This zone is contiguous with the western Victoria and western Tasmania tectonic zones hosting Stavely, Mt Lyell, Roseberry, Hellyer and Henty copper-gold and ba
Slide 19: Kanappa Cu-Au
KANAPPA Cu-Au For personal use only The Kanappa Cu-Au zone is 50kms from Kanmantoo A series of pegmatites and aplites intrude into a sequence of potassic altered schists and carbonates Soil copper zone 4.4kms long Geochem zoning from west to east Cu-Zn => Cu-Bi => Cu-Au => Au Alteration over 500m wi
Slide 20: Kanappa Cu-Au
KANAPPA Cu-Au For personal use only Ground mags shows a strong 3D magnetic anomaly over 2kms in length IP survey shows a strong chargeability anomaly over a 2km length IP and Magnetic anomalies coincident with strong copper geochemistry KEY TAKEAWAYS Large scale coincident Cu-Au geochem, magnetics
Slide 21: Mt Rhine Cu-Au
MT RHINE Cu-Au The Mt Rhine copper-gold zone is For personal use only 10kms from Kanappa Soil copper zone 2kms long and open Peak rock chips of 13% Cu 49.8g/t Au (separate samples) Peak Channel Sampling of 6m @ 15.9g/t Au Ground mags shows a strong 3D magnetic anomaly IP survey shows a coincident ch
Slide 22: Summary
For personal use only SUMMARY Utilising existing infrastructure and cash flow at Kanmantoo to create Company transforming mining projects
Slide 23: Summary
SUMMARY For personal use only KANMANTOO OPEN PIT IS DRIVING NEW GROWTH OPPORTUNITIES Steadily increasing cash flow from operations New geologic understanding of ore controls from production Fully permitted and operating Haul Road, Processing and Tailings Facilities HIGH GRADE COPPER-GOLD UNDER
Slide 24: Thank You
For personal use only THANK YOU Utilising existing infrastructure and cash flow at Kanmantoo to create Company transforming mining projects
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