Hillgrove Resources Limited · ASX:HGO
Hillgrove Resources — Ord Minnett Mining Conference 2026
14 slides from Hillgrove Resources's conference presentation, Mar 25, 2026
Slide 1: Investor Presentation (ASX announcement cover note)
25 March 2026 INVESTOR PRESENTATION Hillgrove Resources Ltd (“the Company” or “Hillgrove”) (ASX:HGO) encloses a copy of the Company’s updated Investor Presentation. Authorised for release by Bob Fulker, Chief Executive Officer & Managing Director. For personal use only Engage with this announcement
Slide 2: An Australian Copper Producer
An Australian Copper Producer For personal use only Ord Minnett Mining Conference An afternoon with ORDS - Copper 25 March 2026 Luke Anderson Chief Financial Officer
Slide 3: Important Notice and Disclaimer
Important Notice and Disclaimer Disclaimer To the maximum extent permitted by law, neither Hillgrove nor its related corporations, directors, officers, employees or agents, nor any other person, accepts any liability, including, without limitation, For personal use only any liability arising from fa
Slide 4: Corporate Snapshot
Corporate Snapshot An Australian Copper Producer ASX:HGO BOARD & MANAGEMENT INSTITUTIONAL SHAREHOLDERS For personal use only Share price1 $0.036 Derek Carter Chair Shares on issue1 3,414 M Bob Fulker CEO & Managing Director Murray Boyte Non-Exec. Director Market capitalisation Debt $123 M Nil Roger
Slide 5: Copper Market Outlook
Copper Market Outlook Hillgrove is well-positioned as supply tightens Copper Concentrate Supply, Demand, & LME Very few new copper discoveries – long development time frame For personal use only Price Forecast ▪ 26,000 13,000 12,000 ▪ Existing mines trending higher cost and lower grade Copper Concen
Slide 6: Delivering and Growing the Business
Delivering and Growing the Business Building blocks to consistent positive cash flow 2025 Performance1 2026 Guidance1 Material Scale Up Opportunities For personal use only ▪ 11,315 tonnes Cu produced ▪ 12,750 – 14,000 tonnes Cu produced ▪ Utilise 3.6Mtpa plant capacity ▪ AISC A$6.19/lb payable Cu so
Slide 7: Kanmantoo Copper Mine (100%)
Kanmantoo Copper Mine (100%) Cash Positive Operation Ready for Growth ▪ Copper Gold Resource and Reserve Mineral Resource (2025) – 22Mt containing 160kt Cu & 120koz Au1 For personal use only o o Ore Reserve (2025) – 4.0Mt containing 34kt Cu & 29koz Au1 o Only 29,377m of the 2025 drilling incorporate
Slide 8: 2026 Development & Stope Plan
2026 Development & Stope Plan Ramping up Nugent production and unlocking Emily Star and North Kavanagh access For personal use only Nugent Kavanagh 2026 Planned development and stoping areas1 based on the 2025 Kanmantoo Mineral Resource Estimate2 7 1. Refer to ASX release on 22 January 2026 titled “
Slide 9: Emily Star Development
Emily Star Development Third mining front to provide milling optionality Multi-staged approach to best manage For personal use only development capital ▪ Stage 1: Establish drill platforms from the Emily Star Exploration Incline for resource definition drilling o 161m completed to 15 March o Drillin
Slide 10: Regional Opportunities
Regional Opportunities For personal use only Near-mine prospects supporting multi-year growth potential 13 Targets within 1 km from the Kanmantoo Processing Facility1 ▪ High-grade hits across multiple corridors ▪ Targets close to existing infrastructure, shortening development timelines and reducing
Slide 11: The Hillgrove Value Proposition
The Hillgrove Value Proposition Well funded to deliver near mine targets to drive production growth and lower unit operating costs For personal use only Cu Strategy in Tier 1 Jurisdiction Robust Resources & Reserves Cash Generating Operation Latent Installed Capacity for Growth Near Mine Exploration
Slide 12: Thank you
For personal use only Thank you To receive up-to-date company information, scan the QR code to join our Investor Hub 11
Slide 13: Appendix - Kanmantoo Mineral Resource
Appendix - Kanmantoo Mineral Resource Tonnage Cu Au Ag Cu Metal Au Metal JORC Mine Area Notes: Classification (kt) (%) (g/t) (g/t) (kt) (koz) For personal use only 1. Due to effects of rounding, total numbers may not sum. 2. Inferred 1 – includes Kavanagh high grade Inferred; Central Measured 4,200
Slide 14: Appendix - Kanmantoo Ore Reserve
Appendix - Kanmantoo Mineral Resource Tonnes Cu Au CuEq Ag Cu Metal Au Metal Mine Area Classification For personal use only (kt) (%) (ppm) (%) (ppm) (kt) (koz) Proved 1,500 0.96 0.11 1.0 2.8 14 5 Kavanagh Probable 900 0.89 0.19 1.0 2.9 8 5 Sub-Total 2,300 0.93 0.14 1.0 2.8 22 10 Proved 360 0.73 0.37
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