Hillgrove Resources Limited · ASX:HGO
Hillgrove Resources — RIU Resources Conference 2024
29 slides from Hillgrove Resources's conference presentation, May 8, 2024
Slide 1: RIU Resources Conference Presentation announcement
Wednesday, 8 May 2024 RIU RESOURCES CONFERENCE PRESENTATION Hillgrove Resources Limited’s CEO and Managing Director Lachlan Wallace will be presenting at the RIU Resources conference this afternoon, please refer to the attached presentation. Mr Wallace will be presenting at 12:00pm Sydney time. Shou
Slide 2: Australia's Newest Copper Producer
For personal use only AUSTRALIA’S NEWEST COPPER PRODUCER Lachlan Wallace CEO & Managing Director May 2024 1
Slide 3: Important Notice & Disclaimer
IMPORTANT NOTICE & 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 as
Slide 4: Important Notice & Disclaimer
IMPORTANT NOTICE & 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 contained
Slide 5: Corporate Snapshot
CORPORATE SNAPSHOT Company Overview Investment Highlights For personal use only • ASX listed (‘HGO’) Australian resources company that owns and ✓ One of the only pure-play copper producers on the ASX operates the Kanmantoo Copper Gold Mine in South Australia ✓ Multiple opportunities to increase reso
Slide 6: Tier Jurisdiction
TIER 1 JURISDICTION ✓ Tier 1 location For personal use only ✓ Local workforce ✓ Close to Port Adelaide Top 10 jurisdiction in world Mining Investment Attractiveness 5
Slide 7: Tier Jurisdiction
TIER 1 JURISDICTION ✓ Community support built over 20 years of genuine engagement For personal use only 6
Slide 8: Ramp Up On Track
For personal use only RAMP UP ON TRACK 7
Slide 9: Ramp Up On Track
RAMP UP ON TRACK For personal use only Nugent Ore production increased as multiple stopes brought online Ore Tonnes Kavanagh 2023 Jan-24 Feb-24 Mar-24 Apr-24 Development Stope 3 Stope 1 Stope 4 Current Stope 2 8
Slide 10: Ramp Up On Track
RAMP UP ON TRACK For personal use only Nugent Future stopes already developed as mine begins to open up work areas Planned Production Tonnes Kavanagh May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Development Developed Stopes Next 6 months Undeveloped Stopes 9
Slide 11: Ramp Up On Track
RAMP UP ON TRACK For personal use only Nugent Kavanagh Nugent development commences this quarter, providing another work area, further increasing the number of stopes, and underground production LOM design 10
Slide 12: Ramp Up On Track
For personal use only RAMP UP ON TRACK 11
Slide 13: Ramp Up On Track
For personal use only RAMP UP ON TRACK 12
Slide 14: Ramp Up On Track
For personal use only RAMP UP ON TRACK 13
Slide 15: Ramp Up On Track
For personal use only RAMP UP ON TRACK 14
Slide 16: Ramp Up On Track
RAMP UP ON TRACK Processing (tonnes) Feed grade (Cu%) For personal use only 90,000 1.00% 80,000 0.98% 70,000 0.96% 60,000 0.94% 50,000 0.92% 40,000 0.90% 30,000 20,000 0.88% 10,000 0.86% - 0.84% Feb-24 Mar-24 Apr-24 Feb-24 Mar-24 Apr-24 Mill recovery (%) Copper production (tonnes) 92% 800 90% 700 88
Slide 17: Record Copper Price (AUD)
RECORD COPPER PRICE (AUD) 16,000 Mine Start ~A$15,500/t adds >$40Mpa For personal use only ~A$12,500/t to already strong economics 15,000 14,000 13,000 12,000 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 Copper A$/t (LHS) 16
Slide 18: Record Copper Price (AUD)
RECORD COPPER PRICE (AUD) Kaanagh Grade Tonnage Curve personal use only 18 1.40 Millions 16 1.20 Average Grade above Cut-Off Grade (%) 14 Tonnes Above Cut-Off grade (t) 1.00 12 0.80 10 Mine design based on A$12,500 / t Tonnes 8 0.60 Cu % 6 Higher copper price has For potential to reduce economic 0.4
Slide 19: Exploration Growth
For personal use only EXPLORATION GROWTH 18
Slide 20: Exploration strike rate and MRE growth
> 100% EXPLORATION STRIKE RATE 139 holes For personal use only 163 significant Cu-Au intercepts 600% increase in MRE 19
Slide 21: Just Scratching The Surface
JUST SCRATCHING THE SURFACE Current Mine Plan For personal use only 20
Slide 22: Spitfire
SPITFIRE ✓ 45.4m @ 1.19%Cu, 0.12 g/t Au from 428.5m downhole (KTDD243_W1) For personal use only ✓ Nearest exploration hole > 100m away ✓ Follow up drilling from UG confirming lode extensions Refer ASX Announcement 28 August 2023 21
Slide 23: Emily
EMILY ✓ 71.7m @ 0.89%Cu from 132.7m downhole (KTDD239) For personal use only ✓ 68.7m @ 0.9% Cu from 158.6m downhole (KTDD240), including; ✓ 35m @ 1.29%Cu from 192.2m downhole Refer ASX Announcement 3 July 2023 22
Slide 24: Kanmantoo Deeps
KANMANTOO DEEPS For personal use only Exploration Target 50 - 80Mt 0.8 - 1.2%Cu 0.1 - 0.2g/t Au Refer ASX Announcement 11 October 2023 The Exploration Target above is for Kanmantoo Deeps only. The Exploration Target is conceptual in nature as there has been insufficient exploration to define a Miner
Slide 25: Spare Capacity To Ramp Up Copper Production
SPARE CAPACITY TO RAMP UP COPPER PRODUCTION For personal use only 24
Slide 26: ...And Convert Exploration Success
…AND CONVERT EXPLORATION SUCCESS For personal use only 25
Slide 27: First Copper Production Is Just The Beginning
FIRST COPPER PRODUCTION IS JUST THE BEGINNING For personal use only 26
Slide 28: Appendix
For personal use only Appendix 27
Slide 29: References
REFERENCES All exploration drill results, exploration information and Mineral Resource Estimates have previously been reported to the ASX by Competent Person at the time. The results reported herein are reported in the form and context of the original ASX releases. Refer http://www.hillgroveresource