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Home»Stocks»Hillgrove Assets Restricted (HLGVF) Q3 2025 Earnings Name Transcript
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Hillgrove Assets Restricted (HLGVF) Q3 2025 Earnings Name Transcript

EditorialBy EditorialOctober 28, 2025No Comments2 Mins Read
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Hillgrove Assets Restricted (HLGVF) Q3 2025 Earnings Name Transcript
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Operator

[Audio Gap] I would now like at hand the convention over to Mr. Bob Fulker, CEO and Managing Director at Hillgrove Assets. Please go forward.

Robert Fulker
MD, CEO & Director

Thanks, Concord. Good morning, everybody, and thanks for becoming a member of the Hillgrove Assets September Quarter 2025 Outcomes Webinar. I am joined on the decision immediately by Luke Anderson in his first full quarter with Hillgrove.

September quarter was a pivotal time for Hillgrove. The mine’s output is exhibiting improved stability with greater output, that are demonstrating the potential of the operation has from a productiveness perspective. This has began to movement by means of to our all-in sustaining value, which has diminished from the excessive of final quarter. The Nugent ramp-up has commenced, and we filed the primary stope in the beginning of October. There are 3 takeaways for me from immediately.

Firstly, document stope manufacturing since underground operations began, has seen the largest quarter since we began mining and is at our annualized price of 1.5 million tonnes every year. In September, the mine delivered 1,075 tonnes of copper produced and the quarter’s gross all-in sustaining prices have diminished to be the bottom quarter this 12 months. The all-in sustaining value unit prices had been affected by the low copper offered versus manufacturing.

Secondly, the Nugent venture has been delivered forward of schedule with stoping underway in October. That is the second mine manufacturing heart on-line as promised. And eventually, our on-site exploration success has given us the potential of a 3rd mining entrance to additional improve our complete tonnes from the Emily Star area. The Emily Star exploration incline design has been launched and we’ll

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