Hillgrove Resources Limited · ASX:HGO
Hillgrove Resources — Shareholder Meeting (May 2021)
21 slides from Hillgrove Resources's shareholder meeting presentation, May 7, 2021
Slide 1: Australia's Next Copper Mine
AUSTRALIA’S NEXT COPPER MINE LACHLAN WALLACE IIIII CEO & MANAGING DIRECTOR 7 MAY 2021
Slide 2: Disclaimer & Competent Person Statement
DISCLAIMER & COMPETENT PERSON 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 to the accuracy or
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT Market Statistics Investment Opportunity ✓ Advanced, fully permitted UG mining project Share Price(1) A$p.s 0.080 with infrastructure in place to quickly convert for low capex and realise value of rising prices Shares on Issue M 937.0 Market Capitalisation A$M 75.0 ✓ Drilling conf
Slide 4: Summary
SUMMARY ■ The interim results of the 2021 drill program confirm continuity down dip and is expected to expand and increase the confidence of the Mineral Resource Estimate. ■ Well advanced project: completed permitting, initial resource definition drilling, and initial mining contractor tender. ■ The
Slide 5: Market conditions excellent for development of copper project
COPPER Historical and forecasted copper price at US$2021 Kanmantoo Underground Open Pit 2011-2020 5 Market conditions excellent for development of copper project
Slide 6: Copper: stocks to consumption and green demand
COPPER Stocks to consumption ratio Copper stocks already low due to post-pandemic demand resurgence and stagnant / disrupted supply… Copper demand, per year, from green sectors …as world decarbonises through electrification, the demand for copper is set to increase further 6
Slide 7: Copper: demand growth anticipated to outstrip supply
COPPER Demand growth anticipated to outstrip supply… … resulting in largest long-term supply gap on record and near term supply deficits unless price adjusts to restrict demand and/or encourage new supply investment... But new supply takes time to discover, permit, finance and build... 7 KANMANTOO P
Slide 8: Short Time Period to Production
SHORT TIME PERIOD TO PRODUCTION ■ 100% owned by Hillgrove Resources (HGO) ■ Open pit mining from 2011-19 produced 137kt Cu ■ 55km from Adelaide; local workforce, Tier 1 jurisdiction1 ■ 3.6Mtpa processing plant on C&M ■ Fully operational TSF with additional capacity ■ 360m deep open pit provides read
Slide 9: 2021 Exploration Program
2021 EXPLORATION PROGRAM 3 drills targeting Kavanagh lodes at Kanmantoo (looking southwest) 9
Slide 10: 2021 Exploration Program
2021 EXPLORATION PROGRAM ■ Interim results released confirm down dip extension of high grade Cu-Au mineralisation to over 300m below pit. ■ The program will; 1. Increase geological confidence in the continuity and grade of the Cu-Au lodes for resource estimation for underground mine evaluation, and
Slide 11: 2021 Exploration Program: KTDD205 intercepts
2021 EXPLORATION PROGRAM KTDD205 170.65m @ 1.01% 0.11 g/t Au from 339m downhole, including; ■ 11.0m @ 1.65% Cu, 0.10 g/t Au, from 339.0m downhole, plus ■ 23.0m @ 2.48% Cu, 0.24 g/t Au, from 385.0m downhole, plus ■ 5.0m @ 1.86% Cu, 0.38 g/t Au, from 415.0m downhole, plus ■ 12.2m @ 1.89% Cu, 0.49 g/t
Slide 12: 2021 Exploration Program: KTDD205 mineralisation
2021 EXPLORATION PROGRAM Cu-Au mineralisation in KTDD205 in Kavanagh from 495.36m to 500.09m Peak copper assay is 13.25% Cu over 1.05m from 495.85m downhole 12
Slide 13: 2021 Exploration Program: next steps
2021 EXPLORATION PROGRAM The next steps for the evaluation of the Kanmantoo underground Cu-Au mineralisation are as follows: ■ Completion of the planned drilling program and receipt of all assays therefrom, ■ Evaluation of the drill results for additional Cu-Au mineralisation opportunities, ■ Comple
Slide 14: Future Exploration
FUTURE EXPLORATION Future drilling will focus on Kavanagh depth and strike extensions, Nugent 14 and proximal lodes that can be accessed from the Kavanagh decline
Slide 15: Future Exploration: Exploration Target
FUTURE EXPLORATION Exploration Target The Exploration Target is conceptual in nature as there has been insufficient exploration to define a Mineral Resource. It is uncertain if further exploration will result in the determination of a Mineral Resource under the “Australasian Code for Reporting of Ex
Slide 16: Future Exploration: proximal lodes
FUTURE EXPLORATION The proximal lodes of North Kavanagh, Spitfire and SW Kavanagh have potential to add value by increasing the resource base for realtively low incremental cost as they utilise the same decline as the Kavanagh and West Kavanagh lodes. Nugent has the potential to increase annual prod
Slide 17: North West, Stella & Mullewa
NORTH WEST, STELLA & MULLEWA North West; Copper soil anomaly is 2.3kms long; Rock chips have identified zones with high gold and copper Mullewa; Large alteration area and MT zone with Cu anomalism Stella; MT survey suggests a significant conductive zone coincident Cu & Au anomaly and gravity low, wh
Slide 18: Objective is to discover large scale porphyry Cu-Au deposits
■ 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 ■ Multiple targets with geochemical
Slide 19: Kanmantoo Positioned to be Australia's Next Copper Mine
SUMMARY ■ Mineralisation ~300m below pit and open at depth ■ Proximal lodes to increase mining inventory at low cost from same decline ■ Fully permitted and strong community support ■ Operational processing plant and tailings storage facility ■ Low capital intensity restart ■ Quick restart ■ Bullish
Slide 20: Appendix
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Slide 21: References
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.hillgroveresource