Hillgrove Resources Limited · ASX:HGO
Hillgrove Resources — Pumped Hydro Energy Storage Conference 2019
16 slides from Hillgrove Resources's conference presentation, Feb 26, 2019
Slide 1: Pumped Hydro Energy Storage - Kanmantoo Project
For personal use only PUMPED HYDRO ENERGY STORAGE - KANMANTOO PROJECT STEVE MCCLARE IIIII CEO & MD 26 FEBRUARY 2019
Slide 2: Disclaimer Statement
DISCLAIMER STATEMENT No representation or warranty is or will be made by any person (including Hillgrove Resources Limited ACN 004 297 116 (“Hillgrove”, “HGO”, or the “Company”) For personal use only and its officers, directors, employees, advisers and agents) in relation to the accuracy or complete
Slide 3: PHES is not core business
For personal use only 55 kilometres from Adelaide CBD PHES IS NOT CORE BUSINESS 3
Slide 4: PHES is not core business
Hillgrove Resources is a copper / gold producer with production and exploration For personal use only assets in South Australia. The intent remains to maximise the value from the existing mining operation (including progressive rehabilitation), progress the sale of the Pumped Hydro site and evaluate
Slide 5: Kanmantoo PHES
KANMANTOO PHES ◼ At last years conference we stated Kanmantoo was one of the best sites for For personal use only PHES in Australia: ❑ Very low capital cost at < $1M / MW ❑ Fast to market; ❑ Infrastructure already in place ❑ Proximity to grid ❑ Existing studies and knowledge (environmental, geotechn
Slide 6: Independent Verification
INDEPENDENT VERIFICATION GHD were engaged to independently verify HGO statements, study confirmed: For personal use only – Very low capital cost at $1M / MW. • Lower pond (open pit) already constructed. • Upper pond in a natural valley. • All options are less than 1.5km between ponds. • High head in
Slide 7: Formal Sale Process
FORMAL SALE PROCESS ◼ Key Pacific Advisory Partners appointed to conduct sale process. For personal use only ◼ Indicative bid stage generated broad interest. ◼ Shortlist developed after binding bid phase. ◼ Negotiations with preferred bidder are progressing but are incomplete. 7
Slide 8: General Layout
8 For personal use only GENERAL LAYOUT
Slide 9: Current Status of Lower Pond
CURRENT STATUS OF LOWER POND ◼ Mining of the lower pond is imminent. For personal use only 9
Slide 10: Cross Section
For personal use only 10 CROSS SECTION
Slide 11: Key Points of Difference
KEY POINTS OF DIFFERENCE Mining has resulted in a significant data source: For personal use only ◼ Geological and geotechnical ◼ Hydrology ◼ Environmental UPPER ◼ Community POND ◼ Network Proximity 11
Slide 12: Capital Cost
For personal use only 12 CAPITAL COST
Slide 13: From Open Pit Mining to PHES
FROM OPEN PIT MINING TO PHES For personal use only ▪ 250MW for 7.5 hours generating over 1,800MWh ▪ < 5km to 275KVA line UPPER POND LOWER POND 13
Slide 14: Interaction with Pumped Hydro
INTERACTION WITH PUMPED HYDRO Dawsley For personal use only Assuming the PHES proceeds, the indicative area in yellow will not be available for mining, which includes the Kavanagh underground. PHES The Nugent, Dawsley, Stella and Kanmantoo South targets remain accessible as exploration targets regar
Slide 15: Why Kanmantoo Works for PHES
WHY KANMANTOO WORKS FOR PHES For personal use only 15
Slide 16: Personal Observations
PERSONAL OBSERVATIONS For personal use only Whilst governments can steer or even mandate direction, the majority of the PHES market is driven by commercially attractive projects. Synchronous generators are often the best partners of PHES. The Australian environment has many hills, mining creates art
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