Hillgrove Resources Limited · ASX:HGO
Hillgrove Resources — Fremantle Explorers Presentation (February 2022)
15 slides from Hillgrove Resources's conference presentation, Feb 15, 2022
Slide 1: Australia's Next Copper Mine
For personal use only AUSTRALIA’S NEXT COPPER MINE Peter Rolley Chief Geologist & Exploration Manager 15 February 2022 1
Slide 2: Important Notice - Cautionary Statement
IMPORTANT NOTICE CAUTIONARY STATEMENT The Economic Assessment discussed herein has been undertaken to explore the technical and economic feasibility of developing an underground mine to economically and sustainably exploit the Kanmantoo Copper Gold Deposit, located in South Australia. The Kanmantoo
Slide 3: Hillgrove Resources: Corporate Snapshot
Hillgrove Resources: Corporate Snapshot For personal use only Company Overview Investment Highlights • ASX listed (‘HGO’) Australian resources company that owns and ✓ Advanced, fully permitted Cu-Au project with key infrastructure in operates the Kanmantoo Copper Gold Mine in South Australia place f
Slide 4: 82% Increase in Copper Resource - Geology Background
82% Increase in Copper Resource For personal use only Geology Background ✓ HGO hold one Exploration Licence around the mine that also covers 44 kms along the strike of the controlling Cu-Au shear system ✓ HGO also hold 5,765 sq kms of EL’s in the same Intrusion Related Cu-Au system ✓ Drilling at Kan
Slide 5: Mineral Resource Upgrade
Mineral Resource Upgrade For personal use only 2021 Drilling: 82% increase in copper metal and increase in geological confidence1 Note (1): Indicated tonnes increased from 40% to 66% 5
Slide 6: Kanmantoo – The Mill is already Built! No Risk!
Kanmantoo – The Mill is already Built! No Risk! For personal use only Ability for a fast, low capex restart ✓ Fully permitted ✓ 3.6Mtpa plant maintained on C&M ✓ Fully operational TSF with additional capacity ✓ Local workforce with key hires already recruited ✓ Same geology, geotech and metallurgy a
Slide 7: The Mill is Built!
For personal use only The Mill is Built! 7
Slide 8: Excellent Economic Assessment Study Metrics
Excellent Economic Assessment Study Metrics For personal use only ECONOMIC ASSESSMENT – STAGE 1 (3 years) Stage 1 Post-Tax Free cash A$196M Copper Production kt Cu 36 Gold Production koz Au 10 Payback Post-tax free cash flow A$M 196 14 Months after FID NPV8 A$M 166 IRR % 389 Lowest Capital Intensity
Slide 9: Kanmantoo is on schedule to producing Cu-Au ore in 2022
Kanmantoo is on schedule to producing Cu-Au ore in 2022 For personal use only 9
Slide 10: Underground decline development underway
The Decline has Underground decline development underway For personal use only Started! 10
Slide 11: Follow up targets to further expand resources
Follow up targets to further expand resources For personal use only Next Stages are Stage 1 Kavanagh Depths and strike UG Mine Area extensions of Kavanagh and Nugent And evaluate Paringa Emily Star Valentine Matthew North Kavanagh Coopers Stage 1 Nugent UG Mine Area Stella 11
Slide 12: Follow up targets to further expand resources
Follow up targets to further expand resources For personal use only Stage 1 Nugent UG Mine Area Stage 1 Kavanagh UG Mine Area Note (1): Exploration Target 8-16Mt @ 1-2%Cu and 0.2-0.4g/t Au within permitted Mining Lease. The Exploration Target is conceptual in nature as there has been insufficient ex
Slide 13: Hillgrove Resources: Kanmantoo South Hub
Hillgrove Resources: Kanmantoo South Hub For personal use only All drill results previously reported 13
Slide 14: HGO: Summary Investment Highlights
HGO: SUMMARY INVESTMENT HIGHLIGHTS For personal use only ■ PERMITTED, LOW COST, LOW RISK, NEAR TERM COPPER GOLD PRODUCTION ■ STAGE 1 HAS STRONG FINANCIALS WITH SHORT PAYBACK PERIOD ■ AIM IS TO COMMENCE ORE PRODUCTION IN 2022 ■ DEMONSTRATED RESOURCE WITH MULTIPLE OPTIONS TO INCREASE ■ OPTIONALITY TO
Slide 15: Thank You
For personal use only THANK YOU 15
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