Hillgrove Resources Limited · ASX:HGO
Hillgrove Resources — Investor Presentation (September 2021)
28 slides from Hillgrove Resources's investor presentation, Sep 22, 2021
Slide 1: Australia's Next Copper Mine
For personal use only AUSTRALIA’S NEXT COPPER MINE Lachlan Wallace CEO & Managing Director September 2021 1
Slide 2: 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 l
Slide 3: Kanmantoo Underground
Kanmantoo Underground For personal use only 3
Slide 4: 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 5: Kanmantoo – Recent drill program delivered
Kanmantoo – Recent drill program delivered For personal use only • Highlights of the drill program completed in August 2021 include: ‒ 37 holes completed for 17.2km on time and within budget. ‒ Infill drilling at Kavanagh and Nugent has confirmed the continuity and tenor of the Cu-Au mineralisation.
Slide 6: Kanmantoo – Follow up targets to further expand resource
Kanmantoo – Follow up targets to further expand resource For personal use only • The recent drill program has identified numerous opportunities for resource expansion within the existing defined Exploration Target(1) that could increase the scale and life of the Kanmantoo Underground Project. • Sign
Slide 7: Kanmantoo – Underground decline to commence in Q4
Kanmantoo – Underground decline to commence in Q4 For personal use only WHY AN ACCELERATED UNDERGROUND DECLINE ? • Establish multiple drill platforms to enable UG drilling program, including stope definition drilling which is on Giant Pit critical path to first ore production. • Stope definition dri
Slide 8: Kanmantoo – SA Govt grant to trial continuous miner
Kanmantoo – SA Govt grant to trial continuous miner For personal use only HGO was recently announced as the recipient of a $2m SA Government grant to trial a new underground mining technology being developed by Komatsu The grant and access to the continuous miner (‘DynaCut”) technology will be used
Slide 9: Kanmantoo – Pathway to being Australia's next Cu producer
Kanmantoo – Pathway to being Australia’s next Cu producer For personal use only 2019 2020 2021 2022 Resource drilling Pre-Feasibility & permitting Drilling to confirm depth extensions Updated Mineral Resource Estimate (MRE) Drilling H1 2021 Updated MRE; 2021/22 drill program Underground decline Tech
Slide 10: Exploration
Exploration 2021 EXPLORATION PROGRAM For personal use only 10
Slide 11: Near Mine Exploration – North West, Stella and Mullewa
Near Mine Exploration – North West, Stella and Mullewa For personal use only 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 co
Slide 12: Stella – New Gold Discovery
NEAR MINE EXPLORATION Stella discovery Stella – New Gold Discovery For personal use only Kanmantoo style Fe-Au- Multiple Au-Cu zones in first Stella hole, including a high-grade gold Cu-Bi mineralisation in interval within 82.35m alteration zone SLDD001 at 344m High grade intersection is over 300m b
Slide 13: South-East SA portfolio
South-East SA portfolio For personal use only • 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-M
Slide 14: Summary
For personal use only Summary 14
Slide 15: Capital Raise and Timetable
Capital Raise and Timetable For personal use only Offer structure: Indicative Timetable (1) ■ Quantum: $12m Trading halt Pre-market Monday, 20 September ■ Sources: Record date for SPP Offer Tuesday, 21 September • $10m placement to institutional, & sophisticated investors at $0.052 per share Announc
Slide 16: Sources and Uses
Sources and Uses For personal use only Sources (12 months) Uses (12 months) Item Amount ($M) Item Amount ($M) Current Net Cash (1 Sep 2021) $3.4 Restricted Cash $0.6 unaudited Placement $10.0 Drilling & Studies: $7.2 Expand UG Resource and complete DFS SPP $2.0 C&M and Site Optionality(1) $2.8 (Less
Slide 17: Hillgrove: Opportunity Re-Cap
Hillgrove: Opportunity Re–Cap For personal use only ■ Near term underground development opportunity at Kanmantoo which will benefit from very low capital intensity and fast restart due to existing infrastructure. ■ Successful 2021 drill program has yielded potential to increase the scale of the unde
Slide 18: Appendix
For personal use only Appendix 18
Slide 19: Kanmantoo Underground – Recent Exploration History
KANMANTOO UNDERGROUND Recent Exploration History For personal use only 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 bri
Slide 20: Kanmantoo Underground – Kavanagh
KANMANTOO UNDERGROUND Kavanagh For personal use only Depth & strike Open extensions along strike Drilling to date anticipated to increase existing Mineral Resource Estimate. Open Majority of drilling activity has concentrated on the upper levels of Kavanagh to enable near term down restart. This is
Slide 21: Kanmantoo Underground – SW Kavanagh & Spitfire
Close proximity to Kavanagh decline increases KANMANTOO UNDERGROUND mining inventory for low capital SW Kavanagh & Spitfire For personal use only 21
Slide 22: Kanmantoo Underground – Nugent
High grade gold intersections below the Nugent Pit provide opportunity to increase annual KANMANTOO UNDERGROUND production by establishing a second mining area that can run in parallel with Kavanagh. Nugent For personal use only 22
Slide 23: Kanmantoo Underground – 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. For personal use only Very short development distances enable fast, low cost development. As a separate decline initially, North Kavanagh provides opportunit
Slide 24: Important Notice – References
IMPORTANT NOTICE References For personal use only 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 relea
Slide 25: Important Notices & Disclaimer
IMPORTANT NOTICE IMPORTANT NOTICES & DISCLAIMER This investor presentation (Presentation) has been prepared by Hillgrove Resources Limited (ACN 004 297 116) (Hillgrove or the Company). This Presentation has been prepared in relation to the Company's proposed equity raising, as described in this docu
Slide 26: Reliance on Third Party Information
IMPORTANT NOTICE RELIANCE ON THIRD PARTY INFORMATION The information and views expressed in this Presentation were prepared by Hillgrove and contain information that has been derived from publicly available sources that have not been independently verified. No representation or warranty is made as t
Slide 27: Investment Risks
IMPORTANT NOTICE Risks INVESTMENT RISKS For personal use only Potential investors should be aware that there are risks associated with investing in Hillgrove. Certain risks are beyond the control of Hillgrove and its Directors and Management and may have a material impact on Hillgrove’s future opera
Slide 28: Risks – Licences & Permits
IMPORTANT NOTICE Risks For personal use only LICENCES & PERMITS Interests in permits are governed by the granting of licences or leases by the appropriate government authorities. The conduct of operations and steps involved in acquiring all licences and permits involve compliance with numerous proce
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