Hillgrove Resources Limited · ASX:HGO
Hillgrove Resources — Conference Presentation (December 2023)
35 slides from Hillgrove Resources's conference presentation, December 2023
Slide 1: Australia's Next Copper Mine
AUSTRALIA’S NEXT COPPER MINE Lachlan Wallace CEO & Managing Director December 2023 1
Slide 2: Transformational Year
TRANSFORMATIONAL YEAR Dec Dec 2022 2023 2
Slide 3: Corporate Snapshot
CORPORATE SNAPSHOT Company Overview Investment Highlights • ASX listed (‘HGO’) Australian resources company that owns and ✓ Advanced, fully permitted and funded project with key operates the Kanmantoo Copper Gold Mine in South Australia infrastructure in place • 20 years of strong operating experien
Slide 4: Fully Permitted in Tier 1 Jurisdiction
FULLY PERMITTED IN TIER 1 JURISDICTION ✓ Tier 1 location ✓ Ready workforce - No FIFO ✓ Close to Port Adelaide Top 10 jurisdiction in world Mining Investment Attractiveness 4
Slide 5: Fully Permitted in Tier 1 Jurisdiction
FULLY PERMITTED IN TIER 1 JURISDICTION ✓ Community support built over 20 years of genuine engagement 5
Slide 6: Plant and Infrastructure Already in Place
PLANT AND INFRASTRUCTURE ALREADY IN PLACE ✓ 3.6Mtpa processing plant ✓ All critical spares on site ✓ Maintained for quick, low-cost restart 6
Slide 7: Tailings Storage Facility with Ample Capacity
TAILINGS STORAGE FACILITY WITH AMPLE CAPACITY ✓ Tailings storage with approved capacity of >7Mt, well above current mine plan of 4.5Mt ✓ Further low-cost capacity available to accommodate growing mine plan ✓ All services connected (power, water). Long term power contract provides low prices until 20
Slide 8: Established Workshop
ESTABLISHED WORKSHOP NY ALUN UN
Slide 9: Mining Commenced
MINING COMMENCED Nugent Portal Development decline and Ventilation drive underground drill platform 9
Slide 10: Excellent Conditions Enable Fast Turnover
EXCELLENT CONDITIONS ENABLE FAST TURNOVER Underground decline commenced 10
Slide 11: Excellent Conditions Enable Fast Turnover
EXCELLENT CONDITIONS ENABLE FAST TURNOVER 11
Slide 12: Primary Vent Install Increases Production
PRIMARY VENT INSTALL INCREASES PRODUCTION Primary ventilation enables additional equipment to be deployed underground, increasing mine development rates. 12
Slide 13: Secondary Egress Being Installed to Enable Stoping
SECONDARY EGRESS BEING INSTALLED TO ENABLE STOPING First stope Secondary egress 13
Slide 14: Underground Drilling Firming Up Initial Stopes
UNDERGROUND DRILLING FIRMING UP INITIAL STOPES 14
Slide 15: Underground Drilling Firming Up Initial Stopes
UNDERGROUND DRILLING FIRMING UP INITIAL STOPES 15
Slide 16: Ore Stockpiled
ORE STOCKPILED ✓ Underground development underway ✓ First copper only 13m from portal 16
Slide 17: Ore Stockpiled
ORE STOCKPILED High grade ore on the ROM stockpile 17
Slide 18: Mill Refurbishment on Track for First Copper
MILL REFURBISHMENT ON TRACK FOR FIRST COPPER Pipe welding Float cell refurbishment Mill motor inspection 18
Slide 19: Rotable Containers Arrived to Port Adelaide
ROTABLE CONTAINERS ARRIVED TO PORT ADELAIDE 19
Slide 20: On Track for First Copper Q1 2024
ON TRACK FOR FIRST COPPER Q1 2024 20
Slide 21: Exploration Growth
HILLGROVE resourcrs EXPLORATION GROWTH
Slide 22: 139 Holes, 163 Significant Cu-Au Intercepts, 600% Increase in MRE
> 100% EXPLORATION STRIKE RATE 139 holes 163 significant Cu-Au intercepts 600% increase in MRE 22
Slide 23: Just Scratching the Surface
JUST SCRATCHING THE SURFACE Current Mine Plan 23
Slide 24: Spitfire
SPITFIRE ✓ 45.4m @ 1.19%Cu, 0.12 g/t Au from 428.5m downhole (KTDD243_W1) ✓ Nearest hole > 100m Refer ASX Announcement 28 August 2023 24
Slide 25: Emily
EMILY ✓ 71.7m @ 0.89%Cu from 132.7m downhole (KTDD239) ✓ 68.7m @ 0.9% Cu from 158.6m downhole (KTDD240), including; ✓ 35m @ 1.29%Cu from 192.2m downhole Refer ASX Announcement 3 July 2023 25
Slide 26: Kanmantoo Deeps
KANMANTOO DEEPS Exploration Target 50 - 80Mt 0.8 - 1.2%Cu 0.1 - 0.2g/t Au Refer ASX Announcement 11 October 2023 The Exploration Target above is for Kanmantoo Deeps only. The Exploration Target is conceptual in nature as there has been insufficient exploration to define a Mineral Resource. It is unc
Slide 27: Australia's Next Copper Mine
AUSTRALIA’S NEXT COPPER MINE 27
Slide 28: Appendix
Appendix 28
Slide 29: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER Summary information This presentation contains summary information about Hillgrove Resources Limited (Hillgrove or the Company) and its activities as at 27 February 2023. The information in this presentation is of a general nature and does not purport to be complete nor
Slide 30: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER Future performance continued The forward looking statements are subject to risks, stakeholder engagement, uncertainties and assumptions which could cause actual results, timing, or events to differ materially from the expectations described in such forward-looking state
Slide 31: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER Mineral Resources and Ore Reserves Estimates continued There is a lower level of geological and grade continuity confidence associated with Inferred Resources and there is no certainty that further exploration work will result in the conversion of Inferred Resource esti
Slide 32: Important Notice & Disclaimer
IMPORTANT NOTICE & DISCLAIMER Competent Person’s Statement The information in this report that relates to Exploration Target and Exploration Results is based on and fairly represents information and supporting documentation compiled by Peter Rolley, a Competent Person, a full-time employee of Hillgr
Slide 33: Investment Risks
INVESTMENT RISKS 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 operating and financial performance, and/or the fi
Slide 34: Investment Risks
INVESTMENT RISKS • The future success of the Company depends, to a significant extent, upon the continued services of the members of the management Key person team of the Company. There can be no assurance that the Company will be able to retain or hire all personnel necessary for the dependence dev
Slide 35: 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
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