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Wonarah PhosPhate, australia (100% interest)
• MOU signed with NMDC, India’s largest mining company, for
development of an integrated fertiliser facility
• Enabling Study well under way to support JV Agreement for full
Wonarah development
• Recent drilling supports increased resource estimates
• Mining Agreement has been signed with Traditional Owners for
development ofWonarah
sandPiPer, namibia (42.5% direct interest and 6.4% indirect interest)
• Mining Licence granted
• Definitive Feasibility Study for
completion 1Q12
• Work programme for resource
upgrade continuing
• Bulk sampling for customers in 3Q12
On the ROad tO
PhOSPhate PROdUCtIOn
MIneMakeRS aIMS tO beCOMe One Of the wORld'S MajOR
SUPPlIeRS Of PhOSPhate ROCk, feRtIlISeR and CheMICalS
It is no great leap of logic
or sweeping statement to
say that at the heart of all
great resource companies
are great resources, both
physical and human. The trick
for emerging companies is
to get these resources in hand
quickly, but the challenges,
like those faced by almost all
global mining houses, are many.
prospectivity of the nation that has yielded some of the most
significant mineral deposits on the planet. Indonesia ranks highly
and in short – it has the rocks, the rights and the rationale to be
the premier mining country in the world.
Before commencing its investment strategy in Indonesia,
Hillgrove cemented a partnership with highly credentialed
locals who understood the nature of exploration and mining as
well as the laws and nuances of doing business in Indonesia.
These individuals were also well connected, respected and fully
understood the importance of a strong partnership. Only then did
the partnership embark on a review of numerous assets, settling
on just two that met Hillgrove’s criteria: having the potential to
host a world class deposit, and being an asset that was located
favourably for development of any discovery without facing
extreme infrastructure, social, political or other obstacles.
This work has resulted in Hillgrove holding an 80% interest
in two Indonesian companies owning licences on the island of
Sumba and in West Papua respectively.
It remains to be seen what fruit Hillgrove’s exploration
investments might yield, but having achieved a balanced risk/
reward equation, the company is best placed to create that
most vital and often overlooked ingredient in any mineral
discovery; luck.