Announcement PDF 1 of 1 26 May 2026 AGM – CEO & MANAGING DIRECTOR PRESENTATION Hillgrove Resources Ltd (“the Company” or “Hillgrove”) (ASX:HGO) is pleased to enclose a copy of the presentation to be delivered by Hillgrove’s CEO & Managing Director, Bob Fulker, at the Company’s Annual General meeting on Tuesday, 26 May 2026. Authorised for release by the Board of Hillgrove Resources Limited. Engage with this announcement at the Hillgrove Resources Investor Hub For more information contact: Mr Bob Fulker Mr Luke Anderson Chief Executive Officer & Managing Director Chief Financial Officer & Joint Company Secretary Tel: +61 (0)8 7070 1698 Tel: +61 (0)8 7070 1698 An Australian Copper Producer Annual General Meeting Presentation 26 May 2026 Bob Fulker Chief Executive Officer & Managing Director 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 any loss arising from the use of this presentation or its contents or otherwise arising in connection with it. Hillgrove is under no obligation to release any updates or revisions to this presentation to reflect any change in expectation or assumptions and disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for fraud or negligence). Nothing contained in this Document constitutes investment, legal, tax or other advice. The information in this Document does not take into account the investment objectives, financial situation or particular needs of any recipient. Before making an investment decision, each recipient of this Document should make its own assessment and take independent professional advice in relation to this Document and any action taken on the basis of this Document. All currency referred to is Australian dollars ($) unless otherwise indicated (e.g. US$). Forward Looking Statement This presentation contains or may contain certain forward-looking statements and comments about future events, that are based on Hillgrove's beliefs, assumptions and expectations and on information currently available to management as at the date of this presentation. Often, but not always, forward-looking statements can generally be identified by the use of forward-looking words such as "may", "will", "expect", "plan", "believes", "estimate", "anticipate", "outlook", and "guidance", or similar expressions, and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production and production potential, financial forecasts, product quality estimates of future Mineral Resources and Ore Reserves. Such statements are only expectations or beliefs and are subject to inherent risks and uncertainties which could cause actual values, results or performance achievements to differ materially from those expressed or implied in this announcement. Where Hillgrove expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and on a reasonable basis. No representation or warranty, express or implied, is made by Hillgrove that the matters stated in this presentation will in fact be achieved or prove to be correct. Except as required by law, Hillgrove undertakes no obligation to provide any additional or updated information or update any forward-looking statements whether as a result of new information, future events, results or otherwise. Readers are cautioned against placing undue reliance on forward-looking statements. These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of Hillgrove, the directors, and management of Hillgrove. These factors include, but are not limited to difficulties in forecasting expected production quantities, the potential that any of Hillgrove's projects may experience technical, geological, metallurgical and mechanical problems, changes in market prices and other risks not anticipated by Hillgrove, changes in exchange rate assumptions, changes in product pricing assumptions, major changes in mine plans and/or resources, changes in equipment life or capability, emergence of previously underestimated technical challenges, increased costs, and demand for production inputs. Competent Persons Statement As an Australian company with securities listed on the Australian Securities Exchange (ASX), Hillgrove is subject to Australian disclosure requirements and standards, including the requirements of the Corporations Act and the ASX. Investors should note that it is a requirement of the ASX listing rules that the reporting of ore reserves and mineral resources in Australia comply with the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). The information in this report that relates to the 2025 Kanmantoo Mineral Resource Estimate and the 2025 Ore Reserve is extracted from ASX release titled ‘Hillgrove Resources Delivers Ore Reserve Extension at 1.0%CuEq’ dated 30 October 2025 and is available to view at www.hillgroveresources.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the Mineral Resource Estimate and Ore Reserve in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements. The information in this report that relates to the 2024 Kanmantoo Mineral Resource Estimate is extracted from ASX release titled “Maiden Kanmantoo Underground Ore Reserve And 96% Increase In Copper Mineral Resource Endowment” dated 18 October 2024 and is available to view at www.hillgroveresources.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the Mineral Resource Estimate and Ore Reserve in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements. The information in this report that relates to planned drilling opportunities was extracted from the ASX release titled ‘2026 Kanmantoo Exploration Update’ previously released on the 11 Dec 2025 and “Exploration Target Defined for Kanappa Drilling Program” released on the 16 April 2026 and is available to view at www.hillgroveresources.com.au. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the information in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. The information that relates to the Mutooroo Mineral Resource is extracted from two ASX releases. The first titled ‘Mutooroo Copper-Cobalt Deposit Resource Statement’ dated 18 October 2010, and the second titled ‘New Mutooroo Cobalt Resource’ dated 5 June 2020. Both announcements are available to view at www.asx.com.au and at https://www.havilah-resources.com.au/. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the Mineral Resource Estimate in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements. Important Notice and Disclaimer 2 Corporate Snapshot Derek Carter Chair Bob Fulker CEO & Managing Director Murray Boyte Non-Exec. Director Roger Higgins Non-Exec. Director Luke Anderson CFO & Co. Sec. Note: Currency is in Australian dollars unless otherwise stated 1. Closing share price on 25 May 2026. 2. Cash balance as at 31 March 2026. 3. Refer to Results for Full Year Ended 31 December 2025 released on 25 February 2026. An Australian Copper Producer 3 14.4% BOARD & MANAGEMENT SHARE PRICE PERFORMANCE Share price1 $0.045 Shares on issue1 3,414 M Market capitalisation $154 M Debt Nil Cash2 $25 M Enterprise value $129 M Income tax losses3 $280 M Franking credits3 $18 M ASX:HGO SUBSTANTIAL SHAREHOLDERS 0M 10M 20M 30M 40M 50M 60M 70M 80M 90M - $0.010 $0.020 $0.030 $0.040 $0.050 $0.060 $0.070 May 2025 Jun 2025 Jul 2025 Aug 2025 Sep 2025 Oct 2025 Nov 2025 Dec 2025 Jan 2026 Feb 2026 Mar 2026 Apr 2026 May 2026 6,000 7,000 8,000 9,000 10,000 11,000 12,000 13,000 16,000 18,000 20,000 22,000 24,000 26,000 Price ($/mt) Copper Concentrate (000 mt) Forecast Consumption Forecast Production LME 3-month 4 Copper Market Outlook Hillgrove is well-positioned as supply tightens ▪ Very few new copper discoveries – long development time frame ▪ Existing mines trending higher cost and lower grade ▪ Reserve replacement running below depletion ▪ Demand is increasing, supported by ongoing investment in electrification, grid infrastructure, and the rapid build-out of data centres ▪ Structural deficits emerging ▪ Hillgrove’s copper concentrate is directly exposed to the tightening copper market and includes gold and silver credits Sources: 1. Copper concentrate supply, demand and LME price forecast sourced from “Copper CBS February 2026 - Databook”, S&P Global, dated 12 Feb 2026. 2. Recent major discoveries tiny vs older deposits chart source: “New major copper discoveries remain scarce; late-stage assets drive growth”, S&P Global, dated 6 Dec 2025. Copper Concentrate Supply, Demand, & LME Price Forecast Kanmantoo 2026 Guidance1 ▪ 12,750 – 14,000 tonnes Cu produced ▪ AISC A$5.75–6.25/lb payable Cu sold ▪ A$8 – 10 million major capital ▪ Emily Star Exploration Drive complete, Stage 2 investment decision in H2 2026 ▪ Kavanagh North Exploration Drive development commenced ▪ Near-mine exploration incl. Saddle Zone, Paringa, Valentine and Critchley GROWTH Material Scale Up Opportunities ▪ Utilise latent plant capacity ▪ Inorganic growth opportunities ▪ Mutooroo Farm-In & Pre-Feasibility Study ▪ Regional exploration incl. Kanappa ▪ Assessment of inorganic growth opportunity as they arise 2026 Focus ▪ Mining operation in Kavanagh & Nugent ▪ Current mine run rate at 1.6Mtpa ▪ March Qtr had 3,120t Cu produced at AISC $6.20/lb payable Cu sold ▪ On track to mine run rate ramp-up to 1.7-1.8Mtpa by end of June 2026 Delivering and Growing the Business Building blocks to consistent positive cash flow 1. Refer to ASX release on 22 January 2026 titled “Quarterly Report for 31 December 2025, Hillgrove Delivers on 2025 Guidance and Sets Path for 2026”. Note the 2026 Guidance does not include Mutooroo Farm-In & Pre-Feasibility Study expenditures. 5 Mine Life & Throughput Upsides ▪ Increase mine life ▪ Focusing on 2+Mtpa pathway Kanmantoo Copper Mine (100%) ▪ Copper Gold Resources and Reserves o Mineral Resource (2025) – 22Mt containing 160kt Cu & 120koz Au1 o Ore Reserve (2025) – 4.0Mt containing 34kt Cu & 29koz Au1 o Only 29,377m of the 2025 drilling incorporated in the 2025 MROR, remainder to be captured in the 2026 update2 (Dec Qtr 2026) o Brownfield upsides with all mineralisation open at depth ▪ Low risk operation ready for growth o Fully permitted operation with a 3.6Mtpa processing plant and 6Mt Tailing Storage Facility o Dual mining fronts at Nugent and Kavanagh o Operating @ 1.6Mtpa run rate o Conventional crush-grind-flotation plant achieving 94-95% recovery at a course 210µm grind o Strong local workforce (>95% Adelaide Hill Residents) o Cheap power with >70% renewable and reliable water supply o Close proximity to rail access ▪ Latent capacity enables material production and cost reduction upside o Targeting 1.7-1.8Mtpa by end of June Qtr 2026 o Unit costs forecast to ease in H2 2026 as higher mining rates reduce unit costs 1. Refer to ASX release on 30 October 2025 titled “Hillgrove Resources Delivers Ore Reserve Extension at 1.0%CuEq”. 2. Refer to ASX release on 11 December 2025 titled “Kanmantoo 2026 Exploration Update”. Cash Positive Operation Ready for Growth 6 2026 Development & Stope Plan Ramping up Nugent production and unlocking Emily Star and North Kavanagh access 2026 Planned development and stoping areas1 based on the 2025 Kanmantoo Mineral Resource Estimate2 1. Refer to ASX release on 22 January 2026 titled “Quarterly Report for 31 December 2025, Hillgrove Delivers on 2025 Guidance and Sets Path for 2026”. 2. Refer to ASX release on 30 October 2025 titled “Hillgrove Delivers Ore Reserve Extension at 1.0% CuEq”. Nugent Kavanagh 7 Emily Star Development Multi-staged approach to best manage development capital ▪ Stage 1 (complete): Establish drill platforms from the Emily Star Exploration Incline for resource definition drilling o 266m extension from the 1010 Nugent diamond Drill Cuddy (DDC) o Drilling commenced on 4 April ▪ Stage 2: Develop Emily Star decline and ventilation infrastructure o Progress to Stage 2 is dependent on drill results and economic assessment o Decision expected in H2 2026 ▪ Stage 3: Establish first level for production, including the development of ore drives, set up of egress and grade control drilling Third mining front to provide milling optionality Planned Emily Star Development and Drilling Target Areas based on the 2024 Emily Star Mineral Resource Update1 1. Refer ASX release on 18 October 2024 titled “Maiden Kanmantoo Underground Ore Reserve And 96% Increase In Copper Mineral Resource Endowment”. Image updated with latest development. 8 Near-Mine Prospects 1. Refer ASX release on 11 December 2025 titled “Kanmantoo 2026 Exploration Update”. 9 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 capital intensity ▪ The breadth of prospects provides multi-year growth potential beyond the current mine plan Supporting multi-year growth potential Plan View of Location of Target Zones1 ▪ Hillgrove’s Kanmantoo processing facility provides a potential lower capital intensity and lower execution risk pathway to develop Mutooroo’s 192kt of Cu from the JORC Sulphide Mineral Resource Estimate (MRE); ▪ Subject to further test work and the outcomes of the PFS, Hillgrove believes Mutooroo has the potential to lift Hillgrove’s Cu production beyond 20kt per annum ▪ PFS expenditure is phased to mitigate material risks, fully funded from Hillgrove’s cashflow ▪ The partnership provides the potential to bring Mutooroo into production and generate positive cashflow with a logical, experienced partner, for minimal capital outlay on Havilah’s part ▪ Established JORC Sulphide Mineral Resource Estimate of 12.5Mt at 1.53% Cu and 0.20 g/t Au comprising 195kt of Cu and 82koz of Au ▪ Mineralisation remains open along strike and at depth, highlighting strong potential for resource extensions 10 Mutooroo Copper Development Project Farm-In1 High-grade copper growth option unlocked by Hillgrove’s infrastructure advantage 1. Refer ASX release on 21 May 2026 titled “Hillgrove and Havilah Enter Mutooroo Partnership”. 11 Farm-In Arrangements ▪ Conditional on the renewal of Exploration Licence (EL) 6592 on terms reasonably acceptable to Hillgrove, up-front consideration of $5 million payable in Hillgrove fully paid ordinary shares (and one attaching unlisted option per share issued) which are to be issued by Hillgrove using its current available placement capacity ▪ Hillgrove will invest up to $10 million including a commitment to 5,000m of drilling for resource definition, over an earn-in period of up to 24 months to be spent in two phases: o Phase 1: approximately $2 million focused on rail logistics and metallurgical test work; o Phase 2: balance of PFS expenditure, contingent on the success of Phase 1. Joint Venture Agreement ▪ Hillgrove to earn an 80% interest in Mutooroo upon Final Investment Decision (FID), at Hillgrove’s election, includes: o Payment of Stage 2 consideration of $35 million comprised of cash between 30% to 70% (at Hillgrove’s election), with the balance in Hillgrove fully paid ordinary shares. o The Stage 2 consideration and transfer of an 80% interest in Mutooroo are subject to satisfaction of the customary conditions outlined in the Transaction Overview section. ▪ A Tolling and Marketing Agreement for the processing of Mutooroo ore at Hillgrove’s Kanmantoo processing facility, currently in draft form, will be finalised once the PFS is completed. Mutooroo Transaction Overview1 Phased earn-in aligns spend with confidence Timing Cash Shares Transaction Costs Condition Precedent satisfied - EL6592 Renewal (Stage 1) Nil $5 million Post FID (Stage 2) $10.5 – 24.5 million $24.5 – 10.5 million Project Costs PFS – Phase 1 ~$2 million Nil PFS – Phase 24 ~$8 million Nil Development Capital To be determined 1. Refer ASX release on 21 May 2026 titled “Hillgrove and Havilah Enter Mutooroo Partnership”. Regional Exploration 12 ▪ Kanappa drilling progressing – tender underway, mobilisation expected shortly, forming the next major exploration catalyst ▪ Firehawk - Geophysical data collected and processing underway ▪ Expanded SA footprint with newly acquired tenements, adding multiple high-potential structural corridors ▪ Clear pipeline logic: regional targets designed to complement Kanmantoo and extend long-term copper optionality ▪ Data-driven targeting underway—integrating geophysics, structure, and historical datasets to rank highest-value prospects ▪ Active portfolio management to concentrate effort and capital on the most prospective parts of the province Building a multi-asset copper growth pipeline 13 Upcoming Milestones Clear milestones driving sustained copper growth through 2026 Kanmantoo Operation H1 2026 H2 2026 Ramp up to 1.7-1.8Mtpa run rate Emily Star Stage 1 Drill platform Drilling to inform Stage 2 decision Stage 2 Investment Decision Regional Exploration Kanappa – approvals Kanappa – Exploration Target Kanappa – Drilling Firehawk – Exploration Target Resources & Reserves Resources & Reserves update Mutooroo Farm-In & Joint Venture Pre-Feasibility Study    Continue into 2027 The Hillgrove Value Proposition Well funded to deliver near mine targets to drive production growth and lower unit operating costs Cu Strategy in Tier 1 Jurisdiction Robust Resources & Reserves Cash Generating Operation Latent Installed Capacity for Growth Near Mine Exploration Upside Potential 14 Thank you 15 To receive up-to-date company information, scan the QR code to join our Investor Hub Appendix - Kanmantoo Mineral Resource Notes: 1. Due to effects of rounding, total numbers may not sum. 2. Inferred 1 – includes Kavanagh high grade Inferred; Central Kavanagh, North Kavanagh and Valentines Categorical Indicator Kriging (CIK) Inferred. 3. Inferred 2 – includes North Kavanagh high grade Inferred only 4. Inferred 3 – includes Nugent high grade and CIK Inferred 5. Inferred 4 – includes Valentines high grade Inferred only 6. Reporting criteria are: Measured, Indicated and Inferred material (RESCAT = 1 or RESCAT = 2 or RESCAT = 3), Cu >= 0.40% (CU_PCT >= 0.4), in-situ (VOIZONE = 0) with reasonable prospects of eventual economic extraction envelope (MREZONE = 1), Reasonable Prospects for Eventual Economic Extraction (RPEEE=1). 7. Tonnage and metal are rounded to the nearest 1,000 tonnes, grades are rounded to two significant figures. 8. Mineral Resource is reported at a 0.40% Cu cut-off grade for all mine areas. 9. Mineral Resource is depleted for mining to 30 June 2025. 10. Mine depletion refers to the current Kanmantoo underground operation, and historical Giant, Nugent and Emily Star open pits. The information is extracted from the report entitled ‘Hillgrove Delivers Ore Reserve Extension at 1.0% CuEq’. released on 30 October 2025 and is available to view on the Hillgrove Website https://www.hillgroveresources.com.au/announcements. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. 16 Mine Area JORC Classification Tonnage Cu Au Ag Cu Metal Au Metal (kt) (%) (g/t) (g/t) (kt) (koz) Kavanagh (including Spitfire) Measured 4,200 0.80 0.11 2.7 33 15 Indicated 2,700 0.72 0.13 2.5 19 11 Inferred 1 5,800 0.65 0.14 2.5 38 26 Sub-Total 12,700 0.72 0.13 2.6 91 53 North Kavanagh Measured - - - - - - Indicated 180 0.78 0.12 3.4 1.4 0.7 Inferred 2 200 0.74 0.29 2.8 1.5 1.9 Sub-Total 380 0.76 0.21 3.0 2.9 2.6 Nugent Measured 550 0.83 0.38 2.3 4.6 6.7 Indicated 2,300 0.75 0.37 2.0 17 28 Inferred 3 2,800 0.78 0.26 1.9 22 24 Sub-Total 5,700 0.77 0.32 2.0 44 59 Valentines Measured - - - - - - Indicated 200 0.65 0.07 1.3 1.3 0.5 Inferred 4 340 0.55 0.05 1.2 1.9 0.5 Sub-Total 540 0.59 0.06 1.2 3.2 1.0 Emily Star No change to 2024 Measured - - - - - - Indicated - - - - - - Inferred 2,600 0.77 0.08 1.6 20 7 Sub-Total 2,600 0.77 0.08 1.6 20 7 TOTAL 22,000 0.74 0.17 2.3 160 120 16 Appendix - Kanmantoo Mineral Reserve 17 Mine Area Classification Tonnes (kt) Cu (%) Au (ppm) CuEq (%) Ag (ppm) Cu Metal (kt) Au Metal (koz) Kavanagh Proved 1,500 0.96 0.11 1.0 2.8 14 5 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 Nugent Proved 360 0.73 0.37 1.0 1.9 3 4 Probable 1,300 0.73 0.34 0.9 1.9 9 14 Sub-Total 1,600 0.73 0.35 0.9 1.9 12 19 Total Ore Reserves Proved 1,800 0.92 0.16 1.0 2.6 17 9 Probable 2,200 0.79 0.28 1.0 2.3 17 19 Total 4,000 0.85 0.22 1.0 2.4 34 29 Notes: 1. Dry metric tonnes. 2. Stope cut-off grade 0.8% CuEq (Copper Equivalent) to define development limits, 0.6% CuEq for stopes along defined development. Development cut-off grade 0.4% Copper. 3. Approximately 40,000 tonnes of Measured Mineral Resource has been converted to Probable Ore Reserves. The tonnes are in Nugent Mine Area and are contained in a region with high water inflows from intercepting diamond drill holes. Further work is required to determine a strategy to profitably mine these tonnes. 4. Reported Ore Reserves do not include any diluting Inferred or Unclassified material. The mine schedule includes 277kt at 0.2% Cu of non-Reserving material that is mined as unavoidable dilution. 5. Reported grades are rounded to two decimal places, copper equivalent to one decimal place. Tonnes are rounded to two significant figures. Minimum stoping widths of 5m true width. 6. Reported grades are rounded to two decimal places. Tonnes are rounded to two significant figures. 7. Any minor apparent discrepancies for sums in the table are due to rounding. 8. The period of economic extraction is from July 2025 to April 2028. 9. Ore Reserves are converted from Mineral Resources based on October 2025 Mineral Resources, reported herewith. 10. Competent Person: Mark Hamilton MAusIMM (#221080). 11. Over 18 months of mining actual demonstrates very good ground conditions. It is expected that this will continue, with Geotech modelling demonstrating stability over modelled life of mine. CuEq calculation takes into account all material cost drivers that differentiate value derived from copper and gold, expressed as copper grade in-situ. Drivers applied are concentrator recoveries, metal payability and metal prices. Silver (Ag) is not included in CuEq calculation due to immaterial value contribution. The following formula is used to calculate CuEq: CuEq = Cu% + (Au g/t / 31.1034 x Au Rec x Au Pay x Au Price) / Cu Pay / Cu Price / Cu Rec. Driving values used for 2025 ORE: Metal prices: Cu Price = US$3.85/lb, Au Price = US$3,000/Oz. Metallurgical recoveries: Cu Rec = 94.5%, Au Rec = 55% Payability: Cu Pay = 95%, Au Pay = 90%. It is Hillgrove’s view that all metals within this formula will be recovered and sold. Metallurgical recoveries are based on current plant performance. Metal payability is based on current concentrate quality and contracted marketing terms. The information is extracted from the report entitled “Hillgrove Delivers Ore Reserve Extension at 1.0% CuEq”. released on 30 October 2025 and is available to view on the Hillgrove Website https://www.hillgroveresources.com.au/announcements. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. 17 Appendix - Mutooroo Mineral Resource Notes: All figures in this table are rounded. The information is extracted from Mineral Resource Estimate stated in the Havilah Resources Limited Annual Report for the financial year ended 31 July 2025, first released in the Havilah ASX media release titled ‘Mutooroo Copper-Cobalt Deposit Resource Statement’, dated 18 October 2010, and ‘New Mutooroo Cobalt Resource’, dated 5 June 2020. The information that relates to the Mutooroo Mineral Resource is extracted from two ASX releases. The first titled ‘Mutooroo Copper-Cobalt Deposit Resource Statement’ dated 18 October 2010, and the second titled ‘New Mutooroo Cobalt Resource’ dated 5 June 2020. Both announcements are available to view at www.asx.com.au and at https://www.havilah-resources.com.au/. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the Mineral Resource Estimate in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements. 18 18 Classification Resource Category Tonnes Copper % Cobalt % Gold g/t Copper tonnes Cobalt tonnes Gold ounces Measured Oxide 598,000 0.56 0.04 0.08 Subtotal Oxide 598,000 0.56 0.04 0.08 3,300 200 1,500 Measured Sulphide 4,149,000 1.23 0.14 0.18 Indicated Sulphide 1,697,000 1.52 0.14 0.35 Inferred Sulphide 6,683,000 1.71 0.17 0.17 Subtotal Sulphide 12,529,000 1.53 0.16 0.20 191,700 20,000 80,600 TOTAL 13,127,000 195,000 20,200 82,100