Company Overview

About Hillgrove Resources

Hillgrove Resources (ASX:HGO) is a growing ASX listed, Australian copper producer with strong local presence in South Australia.

In 2024 we successfully transitioned into a copper producer, with our first underground copper production at Kanmantoo achieved in February. This milestone marks a significant step forward in Hillgrove’s evolution.

We also achieved strong organic growth through substantial resource expansion and prepared to test the next suite of high potential targets.

We are on track to achieving our ultimate vision: becoming a mid-tier, multi-asset Australian copper producer, unlocking value for a sustainable future.

Our vision

To be a mid-tier, multi-asset Australian copper producer unlocking value for a sustainable future.

Our culture and values

Are pivotal to who we are and how we do business.

SAFETY INTEGRITY DELIVERY

We operate safely, protect each other and the environment and leave a positive legacy for future generations

We are respectful, ethical and trustworthy, we do what is ‘right’ not just what we have to do

We hold ourselves accountable for the delivery of sector leading results, what we are known for

Our strategy

BALANCED PROFILE GROWTH ASSET QUALITY FINANCIAL STRENGTH REPUTATION

Multi-asset, Australian copper producer

Demonstrate growth – organic and inorganic

Improving asset quality through each transaction

Achieve portfolio and growth objectives while retaining financial strength

Deliver on promises; operating capability; stakeholder, investor and ESG responsibilities

Hillgrove has operated in South Australia since 2005 during which time it has developed strong operating experience with award winning positive stakeholder engagement, built up extensive technical knowledge about the region’s geological setting and mineral prospectivity, and become an active member of the South Australian mining and exploration community.

Located in the majestic Adelaide Hills, approximately 55km from Adelaide CBD, Kanmantoo completed open pit mining in 2020 and is now mining exclusive from the underground mine which commenced development in May 2023. The operation is well capitalised with a 3.6Mtpa processing plant and tailings storage facility with 7.0Mt of approved capacity.

In addition to the Kanmantoo operation, Hillgrove has a large land holding of granted Exploration Licences in South-eastern South Australia which are highly prospective for the discovery of economic copper deposits within a variety of geological settings (“South Eastern Copper Project”).

Through building a track record of predictable and reliable operational delivery, Hillgrove plans to earn the right to grow into a mid-tier Australian copper miner through organic and inorganic growth opportunities.