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    HHM   AU000000HHM8

HAMPTON HILL MINING NL

(HHM)
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Quarterly Activities, Cash Flow and Tenement Report for the Quarter Ended 30 September 2021

10/29/2021 | 06:41am EST

For personal use only

S e c o n d F l o o r , 9 H a v e l o c k S t r e e t

W e s t P e r t h W A 6 0 0 5

P o s t a l A d d r e s s :

P O B o x 6 8 9 , W e s t P e r t h W A 6 8 7 2

ABN 60 060 628 524

T e l e p h o n e : ( 6 1 8 ) 9 4 8 1 8 4 4 4

E m a i l : i n f o @ h a m p t o n h i l l . c o m . a u

W e b : w w w . h a m p t o n h i l l . c o m . a u

28 October 2021

Company Announcements Office

ASX Limited

Level 4, 20 Bridge Street

SYDNEY NSW 2000

ACTIVITIES REPORT FOR THE QUARTER ENDED 30 SEPTEMBER 2021

The resource drill-out at the Apollo Hill Project central leases, over which Hampton Hill holds a 5% gross royalty on all production in excess of the first 1 million ounces, continued apace during the quarter (Figure 1 & Figure 2).

At the Millennium base metal project, a deep diamond drill program was completed which provided further evidence as to the high quality of this project.

The Company awaits the granting of its exploration licence covering the new Tyson base metal project.

CORPORATE

Hampton Hill Mining NL (Hampton Hill or the Company) has now been suspended from trading by ASX for nearly two years.

The Company is in a reasonable financial position having a loan facility of $1 million (refer Hampton Hill 30 June 2021 Annual Report), of which $355,000 has been drawn to date. It also has listed ASX investments currently valued at approximately $2.7million (10,800,000 Peel Mining Limited (PEX) shares).

ACTIVITIES

Apollo Hill Gold Project

During the quarter work continued to focus on resource extension drilling, infill drilling, metallurgical diamond drilling and metallurgical test work as the project advances towards the completion of Prefeasibility Studies. The outlined resource footprint has continued to expand in all directions. In addition, project owner Saturn Metals Limited (STN) continued with its regional aircore drilling program across the project's greater tenure.

There is potential for an improved grade and contained ounce profile as the drilling continues. The better understanding of the deposit that has been achieved with the targeting of higher grade plunging shoots within the resource footprint can also be expected to have a positive effect.

For personal use only

A new Mineral Resource statement should be ready for release in the March 2022 quarter.

Previous metallurgical studies have provided particularly encouraging results, with more than 60% of the gold recoverable by gravity and up to 98% recovered by conventional milling technique (at 90 mm grind). Current test work is designed to provide further weight of evidence to this effect for use in open pit optimisation studies. The Mineral Resource has a fines content that is extremely low when compared to most other Western Australian open cut resources due to its predominantly fresh-rock characteristic. This characteristic makes the Apollo Hill ores unusually favourable for extraction of gold by heap leaching and opens up the opportunity for the project to enhance production economics by, for instance, treating lower grade ores by heap leach while milling the main material by conventional milling.

Shareholders are referred to STN's September 2021 Quarterly Report for further details.

Figure 1 - Location of Apollo Hill Gold Project in the Western Australian goldfields

For personal use only

Figure 2 - Apollo Hill Central Leases Royalty Area

Millennium Base Metal Project

The Project manager, Encounter Resources, has forwarded the following quarterly report:-

Background

The Millennium Project is located 40km south-west of Newcrest's Telfer gold/copper mine and is being explored via a 75:25 joint venture with Hampton Hill.

Millennium is situated at a key structural intersection on the regionally significant Tabletop Fault on the margin of an interpreted sedimentary sub-basin. Millennium is located on the Tabletop Fault in an area of no outcrop, with up to 20m of transported overburden. This structure is known to be metallogenically important and is closely associated with the position of the Nifty copper deposit, 50km along strike to the north-west. Previous drilling defined a broad zone of copper anomalism (+0.25% Cu) over a strike extent of +800m (Figure 3). RC drill hole EPT1140 collared in the core of the copper anomaly, returned a copper sulphide intersection of:

  • 26m @ 0.60% Cu from 100m incl. 10m @ 0.92% Cu from 100m

For personal use only

Diamond Drill Program

The +800m long copper anomaly identified in prior drilling at Millennium is interpreted to be leakage up the Tabletop Fault from a primary copper position at depth. A 400m diamond drill tail to extend EPT2278 was completed during the quarter. The hole was designed to test the targeted position adjacent to the regionally significant Tabletop Fault. The hole contained several zones of anomalous zinc mineralisation hosted within the black shales of the Broadhurst Formation. Narrow zones of up to 1% Zn were encountered and are potentially representative of a distal halo to a sediment-hosted zinc deposit. Low level copper anomalism was intersected in the hole with results of 100 to 300 ppm copper. These results are being assessed and future exploration activities at Millennium are currently being considered.

Figure 3 - Millennium drill hole location plan (max in hole Cu)

Tyson Base Metal Project

The Company awaits the granting of the primary exploration licence covering this project.

During the quarter it applied for a further exploration licence contiguous and to the north after research of historic exploration reports revealed that that area covers silver anomalism detected by past drilling that had not yet been adequately tested. There is a competing applicant for this area and granting will be determined by a ballot instigated by the DMIRS.

For personal use only

Glenview Base Metal Project

No fieldwork was carried out during the quarter and activity on this project is being suspended for the time being.

Northlander Gold Project

Hampton Hill holds a 0.98% NSR and certain claw back rights pertaining to the Mining Leases of the Northlander project.

Evolution Mining Limited (EVN) has reported that a 26,000 ounce gold Mineral Resource has been outlined on the Rayjax prospect within this project. The Mineral Resource is contained within 21,000 tonnes of indicated category assaying 1.63 grams per tonne gold and 25,000 tonnes inferred assaying 1.90 grams per tonne gold (Refer: EVN annual Mineral Resource Statement of 17 February 2021).

PAYMENTS TO RELATED PARTIES

(as reported in Section 6 of the Appendix 5B of the Quarterly Cash Flow Report)

The $13,700 cash outflow reported under section 6.1 of the Appendix 5B Quarterly Cash Flow Report relates to $11,000 in director fees, including superannuation, paid to non-executive directors during the quarter, as well as $2,700 interest on a loan from a company associated with a director.

Authorised by the Board

Joshua Pitt

Chairman

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Hampton Hill Mining NL published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2021 10:40:06 UTC.


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Financials
Sales 2021 0,00 M 0,00 M 0,00 M
Net income 2021 0,71 M 0,51 M 0,51 M
Net cash 2021 2,40 M 1,73 M 1,73 M
P/E ratio 2021 10,4x
Yield 2021 -
Capitalization 7,37 M 5,32 M 5,33 M
EV / Sales 2020 5 494x
EV / Sales 2021 130 927x
Nbr of Employees 3
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Managers and Directors
Joshua Norman Pitt Executive Chairman & Chief Executive Officer
Wilson Stanley Forte Independent Non-Executive Director
Will Robinson Non-Executive Director
Peter Campbell Ruttledge Secretary
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