Hillgrove Resources Limited · ASX:HGO
Hillgrove Resources — Shareholder Meeting (May 2025)
14 slides from Hillgrove Resources's shareholder meeting presentation, May 6, 2025
Slide 1: AGM – Presentation by CEO & Managing Director
Tuesday, 6 May 2025 AGM – PRESENTATION BY CEO & MANAGING DIRECTOR Hillgrove Resources Limited (ASX: HGO) (Hillgrove or Company) is pleased to attach a copy of presentation to be delivered by Hillgrove’s CEO & Managing Director, Bob Fulker, at the Company’s Annual General Meeting on Tuesday, 6 May 20
Slide 2: Hillgrove Resources AGM Presentation
Hillgrove Resources AGM Presentation 6 May 2025 Bob Fulker Managing Director 1
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
Slide 4: Corporate snapshot
Corporate snapshot An Australian copper producer Market Statistics Major Shareholders Share price1 $0.034 Freepoint Metals & Concentrates 20.0% Shares on issue 2,537M Ariadne Australia 10.3% Market capitalisation $86M Debt Nil Board & Management Cash2 $15M Derek Carter Chair Enterprise value $79M Bo
Slide 5: Group summary
Group summary Significant progress in 2024 ▪ January 2024 • Commencement of bulk mining ▪ February 2024 • Processing plant commissioned • First revenues received ▪ July 2024 • Commercial production declared ▪ October 2024 • Maiden Underground Reserve1 • 96% increase in Resource1 • $10 million standb
Slide 6: Sustainability
Sustainability Strong focus on ESG 1. Scope 2 greenhouse gas emissions (GHG) are indirect emissions (i.e. not ASX:HGO | AGM Presentation | May 2025 created onsite) produced from purchased electricity, steam, heat, or cooling. 5 2. Local is defined as within a 125km radius from Kanmantoo
Slide 7: Year in review
Year in review Strong operating and financial performance ▪ Improved performance in all key operating metrics quarter on quarter • Development; • Tonnes mined; and • Processing recoveries ▪ Strong focus on cost control, whilst delivering production ▪ Deliveries into legacy lower priced hedges near c
Slide 8: Delivering our strategy
Delivering our strategy To be a mid-tier Australian, multi asset, copper producer - unlocking value for a sustainable future Delivering the Growing the Priority 1 Priority 2 Business Business 2024 Kanmantoo Organic • Achieved Commercial Production Growth • Improved Mineral Resource • Acceleration of
Slide 9: 2025 contribution to strategy
2025 contribution to strategy Mining and exploration ▪ Achieve Priority 1 by: • Mining the stopes as outlined by the solids; and • Invest in our future by completing the development drives and linking Kavanagh with Nugent ▪ Achieve Priority 2 by: • Developing ahead of what is required; and • Complet
Slide 10: On lease growth opportunities
On lease growth opportunities Multiple opportunities to increase our Resource and Reserve ▪ Kanmantoo 2024 Mineral Resources1: 19.3Mt grading 0.77% Cu and 0.14g/t Au containing 150kt Cu and 82koz of Au Compared to 2022 MRE2 this represents a: ▪ 96% increase in contained copper ▪ 138% increase in con
Slide 11: Paringa Mine Circa 1870's
Paringa Mine Circa 1870’s Remnant building, flue and stack are visible today ASX:HGO | Investor Presentation | April 2025 10
Slide 12: ASX:HGO | AGM Presentation | May 2025
ASX:HGO | AGM Presentation | May 2025 11
Slide 13: Kanmantoo Mineral Resource
Kanmantoo Mineral Resource Notes: Cu Au 1. Due to effects of rounding, total numbers may JORC Tonnage Cu Au Ag Bi Mine Area Metal Metal not sum. Classification (kt) (%) (g/t) (g/t) (ppm) 2. Tonnage and metal are rounded to the nearest (kt) (koz) 1,000 tonnes, grades are rounded to 2 3,200 0.94 0.04
Slide 14: Kanmantoo Ore Reserve
Kanmantoo Ore Reserve Tonnes Cu Metal Au Metal Mine Area JORC Classification Cu (%) Au (ppm) Ag (ppm) Bi(ppm) (kt) (kt) (koz) Proved 1,100 1.01 0.04 2.82 220 12 1 Kavanagh Probable 1,000 0.88 0.15 2.70 140 9 5 Proved + Probable Kavanagh Total 2,100 0.95 0.09 2.76 180 21 6 Proved - - - - - - - Nugent