Proposed Name Change &
Share Consolidation

Proposed Company Name Change

The Company’s current name, Hillgrove Resources Limited, has long been confused with the Hillgrove Mine in New South Wales, and no longer reflects who we are today: a disciplined, copper-focused producer at Kanmantoo Copper Mine in South Australia, with a modern culture and clear growth ambitions. 

Our proposed new name, Kantra Copper Limited, strengthens our identity as a copper producer. “Kantra” combines “Kan” from Kanmantoo, with “tra” a variation of Terra,  Latin for earth, creating a name that is grounded in our heritage while signalling a broader, future-facing outlook.

Kantra Copper delivers a clearer and more contemporary brand that maintains the look and feel of our recent brand renewal. It provides a subtle link to origin, a stronger platform for investor engagement, partnerships, and growth. This change is designed to better align our public identity with our operations, strategic direction, and long term value creation objectives.

Proposed new branding for Kantra Copper Limited:

Company Name Change FAQ

Our proposed new name, Kantra Copper Limited, strengthens our identity as a copper producer. “Kantra” combines “Kan” from Kanmantoo, with “tra” a variation of Terra, Latin for earth, creating a name that is grounded in our heritage while signalling a broader, future-facing outlook.

Yes.

If approved, the Company will adopt a new ASX ticker code “KAN” that aligns with the new name. This will be communicated to the market once confirmed.

The Company has progressed from a restart phase into a mature, stable copper producer, supported by disciplined operations and a strengthened capital structure. Building on this foundation, we now have a clear development and exploration pipeline that positions us for sustained growth.

The proposed name change reflects this maturity and better aligns our identity with our core commodity, strategic direction, and long‑term growth ambitions.

The new name is designed to provide a clearer, contemporary brand that communicates our focus on copper and strengthens our market presence.

It looks confidently to the future—supporting investor engagement, partnerships, and expansion—while honouring our heritage through its connection to Kanmantoo and the earth from which our product is derived.

No.

A name change does not alter any shareholder’s ownership, rights, or entitlements. It is purely a corporate identity update.

Yes.

If approved, the Company will adopt a new domain Kantra.com.

The current domain HillgroveResources.com.au will be kept live for a period of time and visitors will be automatically redirected to Kantra.com.

No.

These remain unchanged. Only the registered name will be updated.

Existing contracts and approvals remain valid. The Company will notify relevant regulators, partners, and counterparties to ensure records are updated, but no reapproval processes are required.

No.

Operations, workforce levels, and community programs continue unchanged. The name change is a brand and governance step, not an operational one.

No.

The name change supports the strategy already underway: a copper producer with a Copper development and exploration pipeline. It does not represent a shift in operational priorities.

With stable production established and a clear growth pathway, now is the appropriate time to adopt a name that reflects who we are today and where we are heading.

Shareholders will receive formal notice through the Notice of Meeting and ASX announcements. Employees, community partners, and government stakeholders will receive tailored communications to ensure clarity and continuity.

Yes.

Following approval, the Company will progressively update its website, investor materials, signage, and corporate documentation to reflect the new name.

No.

The name change is a separate resolution. It does not affect the mechanics of the proposed share consolidation, nor does the consolidation affect the name change.

No.

The Company is cash-positive. The name change is not linked to fundraising and is not a precursor to a capital raising.

As a shareholder you have the option to vote at the upcoming General Meeting, you should have received communications with instructions. If approved, the name change will be implemented automatically.

Proposed Share Consolidation

The Company has progressed from a restart phase into a stable copper producer with a clear development and exploration pipeline. As we mature, it is important that our capital structure appropriately reflects this position.

At present, the Company’s share price and the number of shares on issue sit at the extreme end of the ASX copper sector. This can create unnecessary commentary and confusion in the market, and may present barriers for certain investors.

The proposed consolidation does not alter any shareholder’s proportional ownership. Its purpose is to place the Company’s share price within a more conventional range and to align the register size with sector norms, thereby improving clarity, credibility, and market accessibility.

The Board emphasises that the consolidation is a practical and mathematically neutral step. It is not a precursor to a capital raising. The Company is cash-positive, , and will continue to take a disciplined approach to capital allocation — including investing in growth initiatives and, over time, considering the potential for dividends as the business matures.

Share Consolidation FAQ

The Company is in a strong position: we are financially healthy, cash‑generating, and self‑funding. Our operations have stabilised, and we have a clear development and exploration pipeline that supports sustained, organic growth.

As we evolve, our capital structure should reflect this progression and align with sector norms. A 1‑for‑15 share consolidation helps achieve this by bringing the share price into a more conventional range, improving market perception, and enhancing trading efficiency. It can make the stock more attractive to certain investors without altering the Company’s underlying value or any shareholder’s proportional ownership.

Importantly, the consolidation is not a precursor to a capital raise. It is a structural refinement that supports our long‑term market engagement and reflects the Company’s transition into a mature, stable copper producer with strong growth prospects.

A consolidation reduces the number of shares on issue while increasing the share price proportionally. It does not change the value of your holding or your percentage ownership.

The proposed share consolidation ratio is 1-for-15, meaning every 15 shares currently held will convert into 1 share post‑consolidation. Fractional entitlements will be rounded up to the nearest whole share, ensuring shareholders are not disadvantaged by small residual holdings.

Example 1:
John holds 15,000 Hillgrove shares. Post consolidation, John would hold 15,000 / 15 = 1,000 shares.

Example 2:
Mary holds 11,500 Hillgrove shares. Post consolidation, Mary would hold 11,500 / 15 = 776.67 rounding up to 777 shares.

If your current shareholding does not produce an exact division by 15, you will receive a rounded‑up whole share for any fractional entitlement. This ensures shareholders are not disadvantaged by small residual holdings arising from the consolidation.

No.

Shareholders retain exactly the same proportional ownership. Only the number of shares and the price per share adjust mathematically.

Following the 1‑for‑15 share consolidation, the Company’s share price is expected to adjust proportionally — meaning the post‑consolidation share price should be approximately 15 times the pre‑consolidation price. This mathematical adjustment reflects the reduced number of shares on issue and does not change the underlying value of a shareholder’s investment.

Fractional entitlements arising from the consolidation will be rounded up to the nearest whole share, ensuring shareholders are not disadvantaged by small residual holdings.

Our current share price sits at the lower end of the ASX copper sector. A more conventional price range improves clarity, credibility, and accessibility for investors.

The Company has matured into a stable copper producer. The current share price and register size can create some market confusion. Aligning our capital structure with sector norms strengthens our market presence and perception.

Your total value of holding will not change.

A consolidation reduces the number of shares on issue while increasing the share price proportionally. It does not change your percentage ownership.

We cannot provide guidance on future price of shares as it depends on a number of factors outside our control.

Employee share plans will be adjusted mathematically to ensure participants are in the same economic position before and after the consolidation.

No value is lost.

No.

The consolidation is an administrative step. It does not affect operational plans, workforce levels, or community investment commitments.

No.

The Company is cash-positive and current capital programs can be funded by the operating cash flow. The consolidation is not a precursor to raising capital.

Yes.

The Company is cash-positive and will continue to take a disciplined approach to capital allocation — including investing in growth initiatives and, over time, considering the potential for dividends as the business matures.

The consolidation is expected to improve market clarity and may enhance liquidity over time by making the Company more accessible to a broader investor base.

No.

The consolidation supports the company strategy to be a copper producer with a growth pipeline, it provides better investor accessibility. Operational and community priorities remain unchanged.

No.

All regulatory obligations remain the same. The consolidation is a standard corporate action commonly used across the ASX.

As a shareholder you have the option to vote at the upcoming General Meeting, you should have received communications with instructions.

If approved, the share consolidation will be implemented automatically.