Hillgrove Resources Limited provided the following Nugent drilling update, located at Kanmantoo 55kms southeast of Adelaide in South Australia. In total, 24 diamond holes have been drilled in 2021-2022 for 8,186.8 metres of drilling. Overall, this has been a very successful drilling program that has infilled the Inferred Resources and has increased the mineralisation footprint.

Drill holes such as KTDD230 with 14.5m @ 1.60% Cu, 0.34 g/t Au and 14.8m @ 0.87% Cu, 0.69 g/t Au demonstrate that the Nugent zone is strongly continuing to the south. Drill holes at depth, including KTDD231 with 9.15m @ 1.4% Cu, 1.09 g/t Au demonstrate that the Lode is still open to depth. The next steps for the evaluation of the Nugent underground Cu-Au mineralisation are as follows: Complete an updated Mineral Resource Estimate for Nugent, and Undertake an Economic evaluation of Nugent and its incorporation into the Kanmantoo mine planning schedule.