Hillgrove Resources Limited provided the following Spitfire drilling update, located at Kanmantoo 55kms southeast of Adelaide in South Australia. In total, 12 diamond holes have been drilled in May 2022 for 1,311.2 metres of drilling. Overall, the Spitfire drilling has been a very successful drilling program that has continued to increase the mineralisation footprint around the Kavanagh Cu-Au system.

Drill holes such as 22KVUG008 with 10.35m @ 2.38% Cu, 0.28 g/t Au and 22KVUG004 18.82m @ 0.95% Cu, 0.18 g/t Au demonstrate that the Spitfire zone is strongly continuing down-dip. The Spitfire Cu-Au zone targeted in these 12 holes is located approximately 55m east of the Exploration decline and is mineralisation that is in addition to the West, Central and East Kavanagh Cu-Au zones and in addition to the SouthWest Kavanagh and Nugent Cu-Au zones. Gold mineralisation associated with low copper grades within the Spitfire Cu-Au zone has been previously mined in the Giant open pit and was evidenced in previously drilled holes2 at Spitfire which are located a further 50 ­ 100 metres sou-sou-west of the above reported Spitfire intersections.

KTDD154 4m @ 32.29 g/t Au, 0.24% Cu from 175m downhole; KTDD044 6m @ 6.87 g/t Au, 0.51% Cu from 144m downhole; KTDD136 5m @ 3.79 g/t Au, 0.94% Cu from 129m downhole. The gold mineralisation at Spitfire has also been previously reported in metallurgical test work3 and is observed to occur with strongly magnetite altered zones. Further drilling is required to adequately map the structural controls on the Cu-Au mineralisation within the Spitfire zone with the potential to significantly extend the Spitfire mineralisation to the south-east.