The latest announcement is out from Hillgrove Resources Limited ( (AU:HGO) ).
Hillgrove Resources Limited has announced new high-grade copper-gold intersections at its Nugent site, part of the Kanmantoo Copper Mine. The ongoing underground diamond drilling has revealed significant mineralization, with the deepest intersection to date extending the mineralization footprint. This discovery supports the company’s decision to fast-track Nugent into production, with initial ore processing targeted for the December Quarter 2025. The results, which exceed the current resource grade, highlight the potential for significant resource growth at Nugent and Kanmantoo, reinforcing the company’s confidence in its exploration strategy and future operational plans.
More about Hillgrove Resources Limited
Hillgrove Resources Limited is a company operating in the mining industry, primarily focused on the exploration and production of copper and gold. The company is actively engaged in developing its Kanmantoo Copper Mine, located southeast of Adelaide in South Australia.
YTD Price Performance: -21.15%
Average Trading Volume: 4,300,126
Technical Sentiment Signal: Buy
Current Market Cap: A$98.11M
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