Hillgrove Resources Limited · ASX:HGO
Hillgrove Resources — Investor Presentation (January 2026)
14 slides from Hillgrove Resources's investor presentation, Jan 27, 2026
Slide 1: Investor Presentation ASX announcement cover note
27 January 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 Investor Presentation 27 January 2026 Bob Fulker Managing Director & Chief Executive 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, any liability arising from fault or negligence, for
Slide 4: Corporate Snapshot
Corporate Snapshot Flagship Kanmantoo mine is scalable and community backed For personal use only Market Statistics Major Shareholders Share price1 $0.052 Freepoint Metals & Concentrates 14.4% Shares on issue1 3,414 M Ariadne Australia 7.1% Market capitalisation $178 M Board & Management Debt Nil De
Slide 5: Delivering and Growing the Business
Delivering and Growing the Business Building blocks to consistent positive cash flow CY 2025 Performance1 CY 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
Slide 6: Kanmantoo Mine (100%)
Kanmantoo Mine (100%) Operating underground mine 60km from Adelaide, South Australia ▪ 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 drill
Slide 7: 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 6 1. Refer to ASX release on 22 January 2026 titled “
Slide 8: Significant near mine growth opportunities
Significant near mine growth opportunities Growth opportunities underpinned by 2026 Drilling Program For personal use only Planned Underground Exploration Drill Targets 20262 Planned Surface Drill Targets into Kavanagh 20262 ▪ 2026 Underground Drilling Program ▪ 2026 Surface Exploration Drilling Pro
Slide 9: Outstanding Results at Emily Star
Outstanding Results at Emily Star Mineralisation at Emily Star to complement Nugent and Kavanagh production For personal use only ▪ Drilling continued to intersect high grade Cu-Au mineralisation: o 19.1m @ 1.91% Cu + 0.15g/t Au from 500m (25KVUG0699)1 o 7.25m @ 1.6% Cu + 0.07g/t Au from 504.75m (25
Slide 10: Emily Star Development
Emily Star Development Third mining front to provide milling optionality Multi-staged approach to best For personal use only manage development capital ▪ Stage 1: Establish drill platforms from the Emily Star Exploration Incline for resource definition drilling o In plan for 2026 ▪ Stage 2: Develop
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 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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