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Hillgrove Resources Ltd.

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Summary

Project:

Kanmantoo

Deposit:Kanmantoo
Location:Australia
Commodities:Copper-Gold-Silver
Date:5/25/2017
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:25-5-2017: Hillgrove Resources Ltd. announces a Resource Estimation report for its Kanmantoo deposit at the Kanmantoo project. Exploration target for Kanmantoo. The Board is pleased to announce Hillgrove has identified an opportunity for near-mine growth
Resources:Exploration Target: 5-10Mt @ 1.7%-2.2% Cu, 0.4g/t-1.0g/t Au at Kanmantoo
CP/QP:[Overall Report]: Peter Rolley (Internal)
ABSTRACT:The Board is pleased to announce Hillgrove has identified an opportunity for near-mine growth in the down dip continuation of the copper orebodies currently being mined in the open pit (Exploration Target1 ). Hillgrove Resources Ltd (“HGO”) has identified several organic growth opportunities it intends to assess later in 2017 with funding from the expected cash flows which will be generated following the completion of the Giant Pit cutback in mid-2017. One of these opportunities for near-mine growth is the assessment of the down dip continuation of the copper orebodies currently being mined in the open pit. Hillgrove has approximated an Exploration Target at the Kanmantoo Copper Mine (Table 1 and Figure 1) of between five and ten million tonnes with a target grade of between 1.7% and 2.2% Cu and 0.4g/t to 1.0g/t Au, containing approximately 80,000 tonnes to 160,000 tonnes of copper metal and 60,000 ozs to 120,000 ozs gold

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