Hillgrove Resources Limited · ASX:HGO
Hillgrove Resources — Shareholder Meeting (May 2024)
25 slides from Hillgrove Resources's shareholder meeting presentation, May 31, 2024
Slide 1: Australia's Newest Copper Producer
For personal use only AUSTRALIA’S NEWEST COPPER PRODUCER Lachlan Wallace CEO & Managing Director May 2024 1
Slide 2: 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 3: Tier 1 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 3
Slide 4: Tier 1 Jurisdiction
TIER 1 JURISDICTION ✓ Community support built over 20 years of genuine engagement For personal use only 4
Slide 5: Ramp Up on Track
For personal use only RAMP UP ON TRACK 5
Slide 6: 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 6
Slide 7: 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 7
Slide 8: 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 Stage 1 design 8
Slide 9: 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 10: Record Copper Price (AUD)
RECORD COPPER PRICE (AUD) 17,000 Mine Start For personal use only 16,500 ~A$12,500/t 16,000 ~A$15,500/t adds >$40Mpa 15,500 to already strong economics 15,000 14,500 14,000 13,500 13,000 12,500 12,000 10
Slide 11: Record Copper Price (AUD)
RECORD COPPER PRICE (AUD) Kavanagh 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 Mine design based 10 on A$12,500 / t 0.80 8 Tonnes 9.3Mt @ 0.9%Cu 5.7Mt @ 1.1%Cu 0.60 Cu % 6 For 0.40 4 Higher copper pric
Slide 12: Exploration Growth
For personal use only EXPLORATION GROWTH 12
Slide 13: For personal use only 139 holes 163 significant Cu-Au intercepts
> 100% EXPLORATION STRIKE RATE 139 holes For personal use only 163 significant Cu-Au intercepts 600% increase in MRE 13
Slide 14: Just Scratching the Surface
JUST SCRATCHING THE SURFACE Current Mine Plan For personal use only 14
Slide 15: Spitfire
SPITFIRE For personal use only ✓ 45.4m @ 1.19%Cu, 0.12 g/t Au from 428.5m downhole (KTDD243_W1) ✓ Nearest exploration hole > 100m away Refer ASX Announcement 28 August 2023 15
Slide 16: Spitfire
SPITFIRE For personal use only ✓ Follow up drilling from UG confirming lode extends for more than 250m vertically, and remains open at depth OPEN Refer ASX Announcement 23 May 2023 OPEN 16
Slide 17: 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 17
Slide 18: 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 19: Spare Capacity to Ramp Up Copper Production
SPARE CAPACITY TO RAMP UP COPPER PRODUCTION For personal use only 19
Slide 20: ...and Convert Exploration Success
…AND CONVERT EXPLORATION SUCCESS For personal use only 20
Slide 21: First Copper Production Is Just the Beginning
FIRST COPPER PRODUCTION IS JUST THE BEGINNING For personal use only 21
Slide 22: Appendix
For personal use only Appendix 22
Slide 23: 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 24: 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 25: 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