Friday, 12 June 2015
HILLGROVE ANNOUNCES CHANGE OF CFOHillgrove Resources Limited (ASX: HGO) wishes to announce that Russell Middleton, Chief Financial Officer (CFO), has tendered his resignation with notice from Hillgrove Resources and its subsidiaries. Paul Kiley has been appointed to the role of Interim Chief Financial Officer effective immediately.
The Board is pleased to welcome Paul Kiley as Interim CFO. Paul has over three decades of experience in the mining, oil and gas industries. His most recent role with Newmont (and previously Normandy) was as the Director for Corporate Development for Newmont's Asia Pacific region. Paul holds a Bachelor of Economics, is a Certified Practising Accountant and also an independent non-executive director of SIPA Resources Limited.
The Board would like to thank Russell for his significant contribution to the Company over the last seven years.
For more information contact:
The Hon. Dean Brown, AO Mrs Shanthi Smith
Chairman, Hillgrove Resources Company Secretary
Tel: +61 (0)2 8247 9300 Tel: +61 (0)2 8247 9300
ABOUT HILLGROVEHillgrove is an Australian mining company listed on the Australian Securities Exchange (ASX: HGO) focused on the operation of the Kanmantoo Copper Mine in South Australia, and with exploration projects on its Indonesian tenements. The Kanmantoo Copper Mine is located less than 55km from Adelaide in South Australia. With construction completed in late 2011, Kanmantoo is an open-cut mine with a throughput of
3.0Mt p.a., to produce approximately 100,000 dry metric tonnes of copper concentrate per annum, containing approximately 20,000t copper and associated gold and silver per annum over the current life of mine.
Kanmantoo Global Mineral Resource Estimate at end February 2013JORC 2012 Tonnage Cu Au Ag |
Classification (Mt) (%) (g/t) (g/t) |
Measured 2.63 0.88 0.10 1.95 In Situ Resource Indicated 21.77 0.82 0.23 2.21 Inferred 5.0 0.67 0.13 1.79 |
29.46 0.80 0.20 2.11 |
Long Term Stockpiles Measured 1.39 0.46 N/A N/A Indicated 0.50 0.18 N/A N/A |
1.89 0.39 - - |
Total 31.30 0.78 0.20 2.11 |
Note: In Situ Resource >0.20% Cu, Long Term Stockpiles >0.15% Cu.
HILLGROVE RESOURCES LIMITED ACN 004 297 116 www.hillgroveresources.com
Suite 1709, Level 17 Australia Square Tower, 264 George Street, Sydney NSW 2000, Australia T +61 2 8247 9300 F +61 2 8247 9399
HILLGROVE RESOURCES LIMITED
Kanmantoo Global Ore Reserve Estimate at end February 2013JORC 2012 Tonnage Cu Au Ag | |||||
Classification (Mt) (%) (g/t) (g/t) | |||||
In Situ Reserve Proven 2.5 0.77 0.08 1.7 Probable 18.2 0.72 0.20 2.0 | |||||
20.7 0.73 0.18 1.9 | |||||
Long Term Stockpiles | Proven | 1.4 | 0.46 | N/A | N/A |
1.4 0.46 - - | |||||
Total 22.1 0.71 0.18 1.9 |
Note: In Situ Reserve >0.20% Cu. Long Term Stockpiles >0.15% Cu.
Competent Person's Statement
The information in this release that relates to Mineral Resources is based upon information compiled by Ms Michaela Wright, who is a Member of The Australasian Institute of Mining and Metallurgy. Ms Wright is a full-time employee of Hillgrove Resources Limited and has sufficient experience relevant to the styles of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code)'. Ms Wright has consented to the inclusion in the release of the matters based on their information in the form and context in which it appears.
The information in this release that relates to Ore Reserves is based upon information compiled by Mr Steven McClare, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr McClare is a full-time employee of Hillgrove Resources Limited and has sufficient experience relevant to the styles of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code)'. Mr McClare has consented to the inclusion in the release of the matters based on their information in the form and context in which it appears.
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