Hillgrove Resources Limited · ASX:HGO

Hillgrove Resources — Shareholder Meeting (November 2025)

13 slides from Hillgrove Resources's shareholder meeting presentation, Nov 25, 2025

  1. Slide 1: General Meeting Presentation

    25 November 2025 GENERAL MEETING PRESENTATION Hillgrove Resources Ltd (the “Company” or “Hillgrove”) is pleased to enclose a copy of the presentation to be delivered by Mr Bob Fulker, Managing Director & CEO, at the Company’s General Meeting on 25 November 2025. For personal use only Authorised for

  2. Slide 2: An Australian Copper Producer – General Meeting

    For personal use only An Australian Copper Producer General Meeting 25 November 2025 Bob Fulker Managing Director & Chief Executive Officer

  3. Slide 3: Important Notice and Disclaimer

    Important Notice and Disclaimer Disclaimer To the maximum extent permitted by law, neither Hillgrove nor its related corporations, directors, officers, employees or agents, nor any other person, accepts any liability, including, without limitation, any liability arising from fault or negligence, for

  4. Slide 4: Corporate Snapshot

    Corporate Snapshot Flagship Kanmantoo mine is scalable and community backed For personal use only Market Statistics Major Shareholders Share price1 $0.031 Freepoint Metals & Concentrates 15.1% Shares on issue1 3,267M Ariadne Australia 8.1% Market capitalisation $105M Board & Management Debt Nil Cash

  5. Slide 5: Delivering and Growing the Business

    Delivering and Growing the Business Building blocks to consistent positive cash flow CY25 Guidance1 Near term production growth - Nugent Material Scale Up Opportunities For personal use only  11-11.5kt Cu in concentrate  1.7-1.8Mtpa run rate H1 2026  Utilise 3.6Mtpa plant capacity  US$4.20-4.45/

  6. Slide 6: Kanmantoo Mine (100%)

    Kanmantoo Mine (100%) Operating underground mine 60km from Adelaide, SA  Copper Gold Resource and Reserve For personal use only o Mineral Resource (2025) – 22Mt containing 160kt Cu & 120koz Au1 o Ore Reserve (2025) – 4Mt containing 34kt Cu & 29koz Au1  Latent capacity allows material production an

  7. Slide 7: Significant near mine growth opportunities

    Significant near mine growth opportunities Growth opportunities underpinned by 60,000 metres of drilling planned in 20251 For personal use only  Nugent development fast tracked o Target ~0.3-0.4Mtpa extra feed o Stoping commenced at Nugent to boost production  Extension drilling underway at Nugent

  8. Slide 8: Outstanding Results at Emily Star

    Outstanding Results at Emily Star Mineralisation at Emily Star to complement Nugent and Kavanagh production For personal use only  Emily Star results confirm geological model 1: o 6.3m @ 1.76% Cu + 0.12g/t Au from 425.15m (25KVUG0699) o 19.1m @ 1.91% Cu + 0.15g/t Au from 500m (25KVUG0699) o 5.7m @

  9. Slide 9: Emily Star Development

    Emily Star Development Third mining front to provide milling optionality For personal use only Multi-staged approach to best manage development capital  Stage 1: Establish drill platforms from the Nugent 1010 drill site for resource definition drilling  Stage 2: Develop Emily Star decline and vent

  10. Slide 10: The Hillgrove Value Proposition

    The Hillgrove Value Proposition Well funded to deliver near mine targets to drive production growth and lower unit operating costs For personal use only Cu Strategy in Tier 1 Jurisdiction Robust Resources Cash Generating Operation Latent Installed Capacity for Growth Near Mine Exploration Upside Pot

  11. Slide 11: Thank you

    For personal use only Thank you 10

  12. Slide 12: Appendix - Kanmantoo Mineral Resource

    Appendix - Kanmantoo Mineral Resource JORC Tonnage Cu Au Ag Cu Metal Au Metal Notes: For personal use only Mine Area Due to effects of rounding, total numbers may not sum. Classification (kt) (%) (g/t) (g/t) (kt) (koz) Inferred 1 – includes Kavanagh high grade Inferred; Central Kavanagh, North Measu

  13. Slide 13: Appendix - Kanmantoo Ore Reserve

    Appendix - Kanmantoo Ore Reserve Mine Area Classification Tonnes (kt) Cu (%) Au (ppm) Cu Eq (%) Ag (ppm) Cu Metal (kt) Au Metal (koz) Kavanagh Proved 1,500 0.96 0.11 1.0 2.8 14 5 For personal use only Probable 900 0.89 0.19 1.0 2.9 8 5 Sub-Total 2,300 0.93 0.14 1.0 2.8 22 10 Nugent Proved 360 0.73 0

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