Hampton Hill Mining NL : Quarterly Activities and Cash Flow Report for the Quarter Ended 31 March 2021

	L e v e l 2 , 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 April 2021

Company Announcements Office

ASX Limited

Level 4, 20 Bridge Street

SYDNEY NSW 2000

ACTIVITIES REPORT FOR THE QUARTER ENDED 31 MARCH 2021

Activity at the Apollo Hill Gold Project accelerated with the project owner, Saturn Metals Limited (STN), raising substantial funds during the quarter to be largely directed to advancing the project to a stage when final feasibility studies can commence.

At the Millennium Base Metal Project plans for the next diamond drilling campaign were agreed with project manager Encounter Resources Limited and drilling is anticipated to commence during the June quarter.

Project evaluation work was intense during the quarter although negotiations to establish new project joint venture opportunities were not successful. A new base metal project was secured however through the successful application for an extensive exploration licence situated in the eastern goldfields of Western Australia which we have named the Tyson Project.

CORPORATE

Hampton Hill Mining NL (Hampton Hill) has now been suspended from trading by the ASX for over 12 months.

Hampton Hill holds 10,800,000 fully paid shares in Peel Mining Limited (PEX) with a current market value of approximately $2.7million. PEX has recently raised substantial funds with the intention of moving rapidly towards a mining decision at their exciting Cobar copper dominant projects. Shareholders are referred to the PEX website for further details.

The Company has a short-term loan facility of $1million with a director related entity. Refer to the Hampton Hill 31 December 2020 Half Year Report (released on 15 February 2021) for details of the loan. As at the end of the quarter $125,000 had been drawn down on the facility.

ACTIVITIES

Apollo Hill Gold Project

Hampton Hill holds a 5% gross overriding royalty on all gold produced in excess of one million ounces from the central 140 square kilometre area that encloses the stated Apollo Hill Mineral

Resource of 36 million tonnes containing 944,000 ounces of gold (Refer Hampton Hill December Quarterly Report, released on 29 January 2021 and Figures 1 and 2).

STN has made significant enhancements at Apollo Hill, expanding the mineralised footprint and understanding the structural controls to the mineralisation. The footprint has now reached an extraordinary scale and remains open in all directions including depth. It exceeds 800 metres in width and 3 kilometres in strike. The stated Mineral Resource pertains to only approximately 500 metres in width over 1.5 kilometres of strike within this footprint with an assumed pit shell generally no deeper than 250 metres.

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

In order to better understand the structural controls and likely grade of the deposit, STN has carried out intensive drilling campaigns within two portions of the assumed pit shell.

Hampton Hill's view of this work is that it demonstrates that increased drill density tends to lift the calculated ore grade at Apollo Hill. This is thought to be due to the nuggeted nature of the gold present.

Figure 2 - Apollo Hill Central Leases Royalty Area

Recent drilling has demonstrated that the Apollo Hill footprint extends 1.4 kilometres further southward than previously determined to encompass the Tefnut target (Refer Figure 3).

STN, in its ASX announcement dated 14 April 2021, summarised the following exciting intersections. Further details of these results are set out in STN's announcement.

• 8m @ 9.47g/t Au from 102m including 3m @ 24.92 g/t Au from 102m - AHRC0647
• 19m @ 1.18g/t Au from 26m including 10m @ 2.01 g/t Au from 26m - AHRC0621
• 15m @ 1.15g/t Au from 54m including 4m @ 2.96g/t Au from 58m - AHRC0651
• 23m @ 1.10g/t Au from 130m - AHRC0658
• 7m @ 1.40g/t Au from 20m - AHRC0675

Figure 3 - Location of Ra-Tefnut extensional mineralised corridor

The recent drilling within the two chosen portions of the assumed pit shell, designed to test the effect on grade of increased drill density, returned intersections which STN summarised as follows in its ASX announcement dated 30 March 2021. Further details of these results are set out in STN's announcement.

• 54m @ 3.72g/t Au from 43m including 33m @ 5.8g/t Au from 49m - AHRC0618
• 12m @ 5.79g/t Au from 22m - AHRC0535
• 45m @ 1.58g/t Au from 0m including 14m @ 2.88g/t Au from 0m and 12m @ 1.5g/t from 28m - AHRC0590
• 65m @ 0.96g/t Au from 43m including 25m @ 1.7 g/t Au from 48m inc. 8m @ 3.13g/t Au from 57m - AHRC0610
• 50m @ 1.11g/t Au from 4m including 22m @ 1.63g/t Au from 6m - AHRC0591
• 7m @ 2.5g/t Au from 2m and 18m @ 2.22g/t Au from 37m - AHRC0608
• 39m @ 1.10g/t Au from 7m including 24m @ 1.52g/t Au from 22m - AHRC0575
• 20m @ 1.56g/t Au from 47m including 12m @ 2.45g/t Au from 52m - AHRC0594
• 32m @ 1.14g/t Au from 5m including 19m @ 1.40g/t Au from 8m - AHRC0585
• 48m @ 1.12g/t Au from 2m - AHRC0596
• 19m @ 1.07g/t Au from 20m including 10m @ 1.87g/t Au from 25m - AHRC0522
• 10m @ 3.32g/t Au from 53m including 3m @ 9.73g/t Au from 54m - AHRC0536
• 23m @ 1.36g/t Au from 15m - AHRC0606
• 20m @ 1.13g/t Au from 1m - AHRC0604
• 12m @ 1.59g/t Au from 57m including 6m @ 2.69g/t Au from 57m - AHRC0543
• 8m @ 1.62g/t Au from 34m - AHRC0530

Millennium Base Metal Project

The joint venture manager, Encounter Resources Limited, has recommended an extension of an existing hole with diamond drilling to test an aircore copper anomaly that extends for over 800 metres adjacent to the basin-bounding Tabletop Fault. The joint venture is also considering drilling a second diamond hole to test for copper in a favourable structural setting some kilometres further to the south. Hampton Hill intends to contribute its 25% share of the costs of this program.

Glenview Base Metal Project

No further field work was carried out at this project following the geophysical program of last quarter. Hampton Hill will now turn its focus to reappraising untested electromagnetic geophysical anomalies that occur to the south of the Weld Ranges to determine whether a drilling campaign is justified.

Hampton Hill has noted the recent press announcements by Fenix Resources Limited (FEX) with regard to small scale iron ore mining being carried out by them in the Weld Ranges. Our Company holds a 2% FOB iron ore royalty over a substantial proportion of the iron prospective sequences of the Weld Ranges and several promising targets for iron ore have been outlined by the project managers, Sino Midwest Corporation Inc.

Tyson Base Metal Project

Hampton Hill continued its project evaluation work during the quarter seeking new joint venture opportunities and prospective targets for tenement securement. The Company was successful in applying for a large Exploration Licence ELA 31/1275, some 28 kms in strike. The tenement has been designated as the Tyson Project and covers a thin belt of greenstones which are believed to be comprised of a significant proportion of felsic volcanics. An initial exploration program involving stratigraphic bedrock drilling is being planned with the intention of outlining areas for aerial electromagnetic surveying (Refer Figure 4).

Northlander Gold Project

Hampton Hill holds a 0.98% Net Smelter gold royalty over Mining Leases situated within the Evolution Mining Limited (EVN) South Kunanalling Project and 8 kms from the Mungari treatment plant. It also has certain project purchase rights should more than 500,000 ounces be defined on the leases which, at this stage however, is thought unlikely.