Hillgrove Resources Limited · ASX:HGO
Hillgrove Resources — Shareholder Meeting (May 2022)
22 slides from Hillgrove Resources's shareholder meeting presentation, May 20, 2022
Slide 1: Australia's Next Copper Mine
AUSTRALIA’S NEXT COPPER MINE For personal use only Lachlan Wallace CEO & Managing Director 20 May 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: Highlights
Highlights For personal use only SINCE LAST AGM IN 2021 ■ Drilling continued in Nugent and Kavanagh – mineralisation continuing at depth at 500m below pit ■ Mineral Resource Estimate increased from 2.2Mt to 6.4Mt (34kt to 69kt Cu metal) ■ Economic Assessment – strong cash flows, low capital, near te
Slide 4: 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 project with key infrastructure in place operates the Kanmantoo Copper Gold Mine in South Australia for a <
Slide 5: Kanmantoo – A unique opportunity in copper
Kanmantoo – A unique opportunity in copper 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 as ope
Slide 6: Excellent Economic Metrics
LOW CAPITAL - Australia's lowest capital intensity Excellent Economic Metrics LOW RISK - permitted, infrastructure built NEAR TERM - commencing 2022 For personal use only Stage 1 Kanmantoo UG RESOURCE ✓ Resource: 6.4Mt @ 1.09% Cu, 0.12 g/t Au, 69.6kt STAGE 1 PLAN Copper Production kt Cu 36 Gold Prod
Slide 7: Underground decline commenced
For personal use only Underground decline commenced 7
Slide 8: Only 13m in!
For personal use only ONLY 13m IN! High grade mineralisation in the ventilation drive already being mined and taken to the ROM stockpile 8
Slide 9: Stope definition drilling underway
For personal use only Stope definition drilling underway 9
Slide 10: Pathway to being Australia's next Cu producer
Pathway to being Australia’s next Cu producer For personal use only 10
Slide 11: Increasing Mine Life and Annual Throughput
Increasing Mine Life and Annual Throughput For personal use only Initial mine plan includes only 2 of 9 deposits on the lease to ~250m depth and only utilises 40% of processing and tailings capacity 11
Slide 12: Follow up targets to further expand resource
Follow up targets to further expand resource For personal use only Stage 1 is limited to 250m in depth Stage 1 Nugent Stage 1 Kavanagh UG Mine Area UG Mine Area 12
Slide 13: Kavanagh open down dip and along strike to south
Kavanagh Open down dip and along strike to south For personal use only Open along strike Stage 1 Nugent Stage 1 Kavanagh UG Mine Area UG Mine Area Open down dip 13
Slide 14: Nugent recent drilling will increase Resource
Nugent Recent drilling will increase Resource For personal use only Stage 1 Nugent Stage 1 Kavanagh UG Mine Area UG Mine Area 14
Slide 15: Nugent open down dip and along strike to south
Nugent Open down dip and along strike to south For personal use only Stage 1 Nugent Stage 1 Kavanagh UG Mine Area UG Mine Area 15
Slide 16: South Hub & North Hub
South Hub & North Hub For personal use only South North Hub Hub South Hub: Critchley, Paringa & Emily Star North Hub: North Kav & Coopers 17m @ 3.6% Cu 0.6 g/t Au 9m @ 2.1% Cu 0.7 g/t Au 14m @ 2.8% Cu 0.3 g/t Au 10m @ 1.6% Cu 0.6 g/t Au Stella: 0.6m @ 10.1% Cu 16.8 g/t Au 16
Slide 17: South Hub
For personal use only South Hub 17
Slide 18: South Hub
For personal use only South Hub 18
Slide 19: South Hub
For personal use only South Hub 19
Slide 20: HGO: Investment highlights
HGO: 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 ■ PLANNED ORE PRODUCTION IN 2022 ■ DEMONSTRATED RESOURCE WITH MULTIPLE OPTIONS TO INCREASE ■ OPTIONALITY TO RAMP UP COPPER PROD
Slide 21: Appendix
For personal use only Appendix 21
Slide 22: Important Notice - References
IMPORTANT NOTICE 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 For personal use only form and context of the original ASX relea