As reported on Hampton Hill Mining NL website on the 10th of March 2025 - DYOR & good luck to all Colonnade
LETTER TO SHAREHOLDERS
Dear Shareholder,Every effort is made to maintain communications with our shareholders by forwarding updates via email. We do not generally communicate by mail because of the costs involved. If you have received this letter by post, please contact us by sending an email to [email protected] and provide your email address for all future correspondence.All past shareholder correspondence and Company information can be viewed on the Company website at www.hamptonhill.com.au.Share Trading Facility Hampton Hill Mining NL (the Company) is not listed on the ASX, however Primary Markets Pty Ltd provides a share trading facility for the Company.Please visit the Primary Markets website at www.primarymarkets.com if you wish to buy or sell shares in the Company. You will need to register, provide an email address and password and then follow the website prompts.Trading has recently been between 3c and 4c per share.Assets of the Company There has been a great deal of progress recently in advancing the assets of the Company. A 65,000 meter drill program is well underway at the Apollo Hill gold project and mining has commenced at the Rayjax gold mine. We are beginning to receive substantial royalties from Rayjax while the Apollo Hill resources now exceed 2 million ounces and are expected to grow significantly once the new drill results are fully incorporated.Saturn Metals Ltd (STN) owns the Apollo Hill project and plans to develop a globally significant gold heap leach operation. Hampton Hill holds a 5% gross overriding royalty over all production that is in excess of one million ounces from the Central Leases which enclose the entire stated resource. The stated Mineral Resource of 2,030,000 ounces grading 0.53 grams per tonne (STN ASX announcement 12 Feb 2025) is likely to lift significantly once current drilling is completed. The current drilling campaign is required because of the extraordinary ore dimensions that are being revealed. While the grade of this resource may appear modest, it is at the high end of the grades of global heap leach gold operations and Apollo Hill has characteristics highly favorable to heap leaching. Once all drilling is incorporated,Pre-feasibility Studies can be completed and the project advanced rapidly towards mine development.Rayjax forms part of the Evolution Mining Ltd (EVN) Mungari Operations located near Coolgardie, WA. Hampton Hill holds a 0.98% NSR over all production from the stated Mineral Reserve of 838,000 tonnes grading 1.29 grams per tonne plus 340,000 tonnes grading 1.30 grams per tonne inferred (EVN ASX announcement 17 Feb 2021). By end Dec 2024, 336,934 tonnes containing 13,613 ounces had been mined with just 81,422 tonnes milled producing 3,710.58ozs resulting in $134,498 of royalty payments to Hampton Hill. We anticipate that much of the remaining ore will be recovered and milled during the next 12 months grossing Hampton Hill in excess of $1.3 million further royalty payments at current prices.The other major asset of the Company is the 10.8 million shares held in the Cobar NSW base metal explorer, Peel Mining Ltd (PEX). We are confident that the PEX shareholding will perform well over the coming year. The shares currently trade at around 11 cents per share.Shareholders are referred to the websites of Evolution Mining Limited, Saturn Metals Limited and Peel Mining Limited respectively for more detailed information on the assets described above.
Yours sincerely,
Joshua Pitt
Chairman
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