Hillgrove Resources Limited · ASX:HGO
Hillgrove Resources — Investor Presentation (March 2009)
34 slides from Hillgrove Resources's investor presentation, Mar 10, 2009
Slide 1: Indonesian Gold Projects
For personal use only Indonesian Gold Projects 10 March 2009
Slide 2: Disclaimer
Disclaimer For personal use only 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 contain
Slide 3: Key Assets: Australian Based with Asian Expansion
Key Assets Australian Based with Asian Expansion For personal use only Hillgrove Resources Limited (ASX:HGO) • Kanmantoo Copper/Gold Project • Gold and Base Metals Explorer Eastern Star Gas Limited • ASX 200 - Code:ESG 19.9% Direct • Coal Seam /Conventional Gas InterMet Resources Limited • ASX:ITT 8
Slide 4: Introduction to Hillgrove: Major Assets
Introduction to Hillgrove Major Assets For personal use only ASX listed natural resources company focused on development of its near term Kanmantoo copper/gold project • Initial mine inventoryy of 12Mt supports pp a 6.5 yyear mine life pproducingg 15 – 20kt p.a. of copper in concentrate with gold an
Slide 5: Introduction to Hillgrove: Board of Directors
Introduction to Hillgrove Board of Directors For personal use only Legend Non Executive Non-Executive Director Executive Director Management g Team Dean Brown AO Ron Belz David Archer John Quirke John Gooding Chairman Director Managing Director Director Director Geoff Stewart Russell Middleton Dale
Slide 6: Key Investors: Top Shareholders
Key Investors Top 10 Shareholders For personal use only RBS Sempra 14.0% Subsidiary of RBS ANZ Nominees 11.0% European shareholders RMMI 5.7% RAK Minerals - UAE investor Archer Group 4.9% Managing Director and associates HSBC Custody 3.2% Global investment nominee Citicorp Citi N Nominee
Slide 7: Metals Outlook: Copper on the Move
Metals Outlook Copper on the Move For personal use only “Right commodities at the Right Time” Reuters London, March 5 – “The Chinese dragon is hungry for copper again and its buying has impacted the LME market much earlier than had been generally anticipated.” Fraser Institute 2009 – “Commodity Comm
Slide 8: Metals Outlook: Gold to Remain Strong
Metals Outlook Gold to Remain Strong For personal use only ScotiaMocatta, March 2009 – “The United States is not alone in looking to print money, other central banks are pplanningg to do the same, which may lead to competitive currency devaluation. This could prompt further diversification away from
Slide 9: Regional Pipeline – Indonesia
Regional Pipeline – Indonesia Highly Prospective Advanced Gold Exploration For personal use only 8
Slide 10: Regional Pipeline – Indonesia: Highly Prospective Advanced Gold Exploration
Regional Pipeline – Indonesia Highly Prospective Advanced Gold Exploration For personal use only • Hillgrove’s Hillgrove s strategy is to discover world class ore bodies within the magmatic arc setting of Indonesia • A new geological setting that hosts identified world class deposits • Contains nume
Slide 11: Regional Pipeline - Indonesia: Mining Law
Regional Pipeline - Indonesia Mining Law For personal use only • There has been a major, major favourable change in circumstances resulting from the new mining law framework announced in Indonesia in December 2008 • The two key features of which are the enablement of direct foreign ownership of expl
Slide 12: Regional Setting
Bird’s Head, Indonesia Regional Setting For personal use only Bird’s Head covers part of the interpreted westward continuation of the New Guinea ‘Orogenic Belt’ 11
Slide 13: West Papua – Mineral Occurrences
Bird’s Head West Papua – Mineral Occurrences For personal use only 12
Slide 14: Mineralisation Model
Bird’s Head Mineralisation Model For personal use only • Magmatic arc deposits are classified by the d th att which depth hi h th they fform • 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 teles
Slide 15: Key Attributes
Bird’s Head Key Attributes For personal use only • The Bird Bird’s s Head Project is located on the northern end of the Bird’s Bird s Head Peninsula (Kepala Burung) in the province of West Papua, Indonesia and is situated about 150km from Sorong which is the administrate centre for Kepala p Burungg
Slide 16: Historical Drainage Anomalies
Bird’s Head Historical Drainage Anomalies For personal use only Stream Sediment Anomalies by Gold Work by Normandy and past explorers highlighted 14 high order anomalies, with Bird’s Head containing 10 of these 15
Slide 17: Key Attributes
Bird’s Head Key Attributes For personal use only Bi d’ Head Bird’s H d iis an exciting iti exploration l ti project; j t itits kkey attributes tt ib t iinclude: l d • Favourable tectonic setting in tertiary volcanics • Outstanding surface geochemistry • Strong indications of multi-phased mineralisin
Slide 18: Local Geology
Bird’s Head Local Geology For personal use only Tertiary Volcanics (Andesites) key host unit for mineralisation 17
Slide 19: Delta Prospect
Bird’s Head Delta Prospect For personal use only • Excellent targets g for g giant copper/gold pp g deposits p • Delta Prospect: ¾ A high g order 6 x 1.5km corridor of g gold and base metal mineralisation defined by soil, rock chip and trench sampling ¾ High grade gold and base metal mineralisation
Slide 20: Delta Prospect: Copper Soil Geochemistry
Bird’s Head Delta Prospect For personal use only Copper Soil Geochemistry • Extensive copper anomalism identified, 6 x 1 5k corridor 1.5km id ididentified tifi d • Copper mineralisation associated with granodiorite intrusive • Surface expression of a porphyry such as Batu Hijau in Sumbawa is only 40
Slide 21: Delta Prospect: Significant Trench Intercepts
Bird’s Head Delta Prospect For personal use only Significant Trench Intercepts Trenching results confirmed presence of high grade epithermal mineralisation Follow up drilling has intersected: • 14.35m 1 3 @ 1.71g/t1 1 / gold and 22.55g/t/ silver from 13m in KSD1, incl. 7.55m @ 2.97g/t gold and 3.56g
Slide 22: Alpha Prospect Highlights
Bird’s Head Alpha Prospect Highlights For personal use only Mineralisation in the Alpha Prospect is widespread, complex and multiphase and at least three phases of mineralisation which is strongly structurally controlled Highlights from previous work include: • A 1200 x 400m ggold and base metal ano
Slide 23: Alpha Prospect: Gold Soil Geochemistry
Bird’s Head Alpha Prospect For personal use only Gold (g/t) Soil Geochemistry Extensive gold mineralisation, which appears to be strongly structurally controlled 22
Slide 24: Alpha Prospect: Drilling, Trenching Locations
Bird’s Head Alpha Prospect For personal use only Drilling, Trenching Locations on Gold (g/t) Soil Geochemistry • Bonanza trenching grades, gold associated with epithermal quartz veins • Very V limited li it d drilling d illi completed l t d to date • Significant scout drilling results including 17.4
Slide 25: Central Prospects: Gold Geochemistry
Bird’s Head Central Prospects For personal use only Gold (g/t) Geochemistry Significant untested geochemical anomalies, i.e. stream anomaly at Quebec similar to that originally defined by Alpha/Bravo anomalies 24
Slide 26: Unigolf Prospect: Gold Geochemistry
Bird’s Head Unigolf Prospect For personal use only Gold (g/t) Geochemistry Significant geochemical anomaly at the intersection of two regional structures 25
Slide 27: 2009 Work Program
Bird’s Head 2009 Work Program For personal use only The 2009 work program is currently being developed and subject to approval by Hillgrove’s board is likely to include: • Further historical data review and compilation • Socialisation • Logistical support • Establish coastal and Delta base camp • Ge
Slide 28: Summary
Bird’s Head Summary For personal use only • The Bird Bird’s 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 wh
Slide 29: Indonesia: Sumba Island Prospect
Indonesia Sumba Island Prospect For personal use only • KP 350/KEP/HK/2007 general survey license granted on Sumba covering an area off 3 3,433km². 433k ² • Indonesian subsidiary of Hillgrove, PT Fathi Resources to undertake exploration p to advance the KP to exploration work, studies and steps p st
Slide 30: Sumba: Pahandanjal Prospect – BHP Trenching
Sumba Pahandanjal Prospect – BHP Trenching For personal use only 29
Slide 31: Sumba: 2008 Field Season
Sumba 2008 Field Season For personal use only Highlights from the end of the first field season (only 3 months) include: Masu Project • Significant 200 x 200m gold in soil anomaly peaking at 0.67g/t 0 67g/t defined at Pahandanjal prospect • Potential mineralised corridor at Okajara Prospect extended
Slide 32: Sumba: Pahandanjal Prospect
Sumba Pahandanjal Prospect For personal use only • Significant 200 x 200m gold in soil anomaly peaking ki att 0 0.67g/t 67 /t d defined fi d at Pahandanjal prospect • Anomaly A l occurs b between t two major structures and is likely to represent a dil t ti dilatational l zone
Slide 33: Sumba: Project Summary
Sumba Project Summary For personal use only S b iis an exciting Sumba iti exploration l ti project j t , itits kkey attributes tt ib t iinclude: l d • Favourable tectonic setting in tertiary volcanics • Outstanding surface geochemistry • Significant epithermal mineralisation has been identified at P
Slide 34: Exploration Results: Competent Persons
Exploration Results Competent Persons For personal use only The information in this report that relates to Exploration Results announced by Hillgrove Resources Limited and InterMet Resources Limited is based on information compiled p byy Mr Dale Ferguson, g , who is a Member of The Australasian Inst
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