Hillgrove Resources Limited · ASX:HGO
Hillgrove Resources — Investor Presentation (September 2024)
15 slides from Hillgrove Resources's investor presentation, Sep 23, 2024
Slide 1: Australia's Newest Copper Producer
For personal use only Australia’s Newest Copper Producer Investor Presentation September 2024 Bob Fulker Managing Director 1
Slide 2: Important notice and disclaimer
Important notice and disclaimer No investment or financial product advice The information contained in this presentation does not constitute investment advice or financial product advice (nor taxation or legal advice) and is not intended to be used as the basis for making an investment decision or a
Slide 3: Australia's newest copper producer
Australia’s newest copper producer Well positioned to benefit from a robust copper outlook For personal use only Kanmantoo Copper Mine located in the mining Tier 1 Jurisdiction friendly, politically stable state of South Australia First concentrate produced in February 2024 Generating cash flow with
Slide 4: Strong outlook for copper
Strong outlook for copper Critical mineral to enable the global energy transition Copper Price (US$/lb) For personal use only Demand drivers (65 year log chart) ▪ Decarbonisation ▪ Electrification $6.40 ▪ Population growth $3.20 ▪ Urbanisation $1.60 Supply constraints $0.80 ▪ Declining grades ▪ Unde
Slide 5: ASX copper landscape
ASX copper landscape Dearth of investible copper producers listed in Australia ▪ Severe lack of large, liquid copper investment opportunities in Australia since Oz Minerals acquired For personal use only ▪ Small-cap copper producers have underperformed a resilient copper price ▪ Opportunity for indu
Slide 6: Corporate snapshot
Corporate snapshot Fully permitted, fully funded, debt free Market Statistics Share price1 $0.052 For personal use only Shares on issue 2,094M Market capitalisation $109M Debt Nil Cash2 $7M Enterprise value $102M Daily liquidity3 $265K Income tax losses4 $259M Franking credits $18M Major Shareholder
Slide 7: Kanmantoo
Kanmantoo A well-established copper asset ▪ Long legacy of positive stakeholder engagement For personal use only ▪ Residential workforce ▪ Underground bulking mining (stoping) method ▪ Well capitalised infrastructure ▪ Plant capacity: 3.6Mtpa ▪ Tailings Storage Facility permitted for 7.0Mt ▪ Power a
Slide 8: Successful production restart
Successful production restart Ramp up delivered in line with plan Processing (kt) Feed grade (Cu%) 1.23% For personal use only 89.5 81.4 84.8 70.8 1.09% 33.6 0.97% 0.98% 0.89% Feb-24 Mar-24 Apr-24 May-24 Jun-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Mill recovery (%) Copper production (tonnes) 94% 91% 1
Slide 9: Underground mining
Underground mining Increasing optionality to achieve reliable production For personal use only ▪ 1.0Mtpa ore mining rates achieved – continued improvement month on month ▪ Current ore sources – Kavanagh and Spitfire ▪ Nugent decline and incline development commenced Nugent ▪ Additional work areas be
Slide 10: Organic growth
Organic growth Significant near mine Mineral Resource growth opportunities For personal use only ▪ Investment in resource definition and extensional drilling delivering strong results ▪ 75km of drilling since 2022 ▪ Impressive intercepts close to planned development at: ▪ Spitfire: 45.4m @ 1.19% Cu,
Slide 11: Sustainability
Sustainability Critical mineral for a sustainable future ▪ Total Recordable Injury Frequency (TRIF) For personal use only trending lower from 15.5 to 10.1 in CY2024 ▪ Long track record of environmental stewardship with significant progressive rehabilitation completed ▪ All rehabilitation at Kanmanto
Slide 12: Summary
Summary For personal use only • Support Paragraph 1 • Support Tier 1 Paragraph 2 Generating Focused on Earning the • Support Jurisdiction Paragraph 3 cash flow operational right to grow • Support Paragraph 4 stability ASX:HGO | Investor Presentation | September 2024 12
Slide 13: For personal use only
For personal use only ASX:HGO | Investor Presentation | September 2024 13
Slide 14: Kanmantoo Mineral Resource
Kanmantoo Mineral Resource JORC 2012 Tonnage Cu Au Cu Metal For personal use only Deposit Classification (kt) (%) (g/t) (kt) Measured 780 1.28 0.10 9.9 Kavanagh 2022 Indicated 3,640 1.03 0.06 38.0 (0.6% Cu COG) Inferred 1,300 1.00 0.10 13.0 Sub-Total 5,750 1.10 0.10 61.0 Indicated 865 1.19 0.64 10.3
Slide 15: Important notice and disclaimer
Important notice and disclaimer No Warranty While care has been taken in preparing the information in this presentation, no representation or warranty, express or implied, is made as to the currency, accuracy, reliability, completeness or fairness of the information, opinions and conclusions contain
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