Hillgrove Resources Limited · ASX:HGO
Hillgrove Resources — Mines & Money (August 2021)
23 slides from Hillgrove Resources's conference presentation, Aug 31, 2021
Slide 1: Australia's Next Copper Mine
AUSTRALIA’S NEXT COPPER MINE Lachlan Wallace CEO & Managing Director 31 August 2021 1
Slide 2: Hillgrove Resources Corporate Snapshot
HILLGROVE RESOURCES (ASX : HGO) Corporate Snapshot Company Overview Strong current and future opportunities • ASX listed Australian resources company that owns and operates the • Advanced, fully permitted UG mining project with infrastructure in Kanmantoo Copper Gold Mine in South Australia; place t
Slide 3: Kanmantoo – a proven opportunity
Kanmantoo – a proven opportunity Low Risk High Upside ✓ Permitted • Record prices forecast as world decarbonises ✓ All infrastructure in place • Current drilling shows current Mineral Resource Estimate will increase ✓ Low capital to first copper production • Deep drilling confirms mineralisation ext
Slide 4: Highlights
HIGHLIGHTS Kanmantoo Underground Successful Drilling confirms mineralisation continues at least 500m down dip below 2021 drilling pit and is expected to expand and increase the geological confidence of the current Mineral Resource Estimate. Advanced Fully permitted project in Tier 1 jurisdiction1 wi
Slide 5: Highlights – Exploration
HIGHLIGHTS Exploration Kanmantoo Exploration Target1 8-16Mt @ 1-2%Cu and 0.2-0.4g/t Au within permitted Mining Lease has potential to increase inventory from the same decline infrastructure as use in the Kanmantoo Underground. Near Mine 3 advanced projects within 10km of Kanmantoo processing plant a
Slide 6: Kanmantoo Underground
Kanmantoo Underground 6
Slide 7: Recent Exploration History
KANMANTOO UNDERGROUND Recent Exploration History October 2019 December 2020 H2 2021 • Maiden Kavanagh UG Mineral • Updated Mineral Resource Estimate • Commence decline to provide UG drill platforms and Resource Estimate (limited to increasing total estimated Cu metal in the bring forward potential f
Slide 8: Kanmantoo Underground – Kavanagh
KANMANTOO UNDERGROUND Kavanagh Open along strike High grade intersections demonstrate strike and depth extensions of Open existing Resource down dip Note: Selected drill intercepts from the 2019 to May 2021 drilling. See the full ASX releases for all drill results and their locations published on 10
Slide 9: Next Drilling – Increase Resource & Infill
KANMANTOO UNDERGROUND Next Drilling – Increase Resource & Infill Majority of drilling activity has concentrated on the upper levels of Kavanagh to enable near term restart. This is only a fraction of the UG potential, providing an opportunity to increase mine life and annual production with further
Slide 10: SW Kavanagh & Spitfire
KANMANTOO UNDERGROUND SW Kavanagh & Spitfire Close proximity to Kavanagh decline increases mining inventory for low capital First hole south of existing pit intersected extensions of SW Kavanagh and Spitfire 10
Slide 11: Nugent
KANMANTOO UNDERGROUND Nugent High grade gold intersections below the Nugent Pit provide opportunity to increase annual production by establishing a second mining area that can run in parallel with Kavanagh. Nugent is open at depth and along strike. 11
Slide 12: North Kavanagh
KANMANTOO UNDERGROUND North Kavanagh North Kavanagh is an extension of lodes mined in the open pit that continue beyond the northern pit wall. Very short development distances enable fast, low cost development. As a separate decline initially, North Kavanagh provides opportunities to increase annual
Slide 13: Underground Decline
KANMANTOO UNDERGROUND Underground Decline WHY AN UNDERGROUND DECLINE ? Establish multiple drill platforms to enable UG drilling program, including stope definition drilling Giant Pit which is on critical path to first ore production. Stope definition drilling increases drill density, increasing geol
Slide 14: Benefits of Continuous Mining
KANMANTOO UNDERGROUND BENEFITS OF CONTINUOUS MINING Continuous Miner Safer No development blasting – less vibration and noise No fuel – less fumes and fine particulates Surgical cuts improve ground conditions No community disturbance Faster No delays for development blasts, ground support Less costs
Slide 15: Pathway to First Copper Production
KANMANTOO UNDERGROUND Pathway to First Copper Production 2019 2020 2021 2022 Resource Drilling Pre-Feasibility & Permitting Drilling to confirm depth extensions Mineral Resource Estimate Capital Raise Drilling 2021 UG Decline Technical & Economic Studies Capital Development Ore production Existing i
Slide 16: Exploration
Exploration 2021 EXPLORATION PROGRAM 16
Slide 17: Near Mine Exploration
NEAR MINE EXPLORATION North West, Stella & Mullewa North Copper soil anomaly is 2.3kms long; rock chips have West identified zones with high gold and copper Mullewa Large alteration area and MT zone and Cu anomalism Stella MT survey suggests a significant conductive zone coincident Cu & Au anomaly a
Slide 18: Near Mine Exploration – Stella New Gold Discovery
Kanmantoo style Fe-Au-Cu-Bi mineralisation in SLDD001 at 344m NEAR MINE EXPLORATION Stella – New Gold Discovery Multiple Au-Cu zones in first Stella hole, including a high-grade gold interval within 82.35m alteration zone High grade intersection is over 300m below surface and 350m along strike from
Slide 19: Southeast Exploration Portfolio
SOUTHEAST EXPLORATION PORTFOLIO • In parallel with the underground and near mine development opportunities, HGO continues to undertake low cost exploration across 5,652km2 of tenements in south-east SA • Tenements sit within USGS and GA Porphyry Tract which includes the Stavely Cu-Au-Mo Porphyry • M
Slide 20: Kanmantoo – a proven opportunity
Kanmantoo – a proven opportunity Drilling continues to build out the resource ahead of planned production in the near term. With all capital infrastructure and permitting already in place, Hillgrove's low market cap presents a unique investment opportunity in a bullish copper market. 20
Slide 21: Appendix
Appendix 21
Slide 22: Important Notice – Disclaimer & Competent Persons Statement
IMPORTANT NOTICE Disclaimer & Competent Persons Statement DISCLAIMER 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”) and its officers, directors, employees, advisers and agents) in relation t
Slide 23: 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 form and context of the original ASX releases. Refer http://www.