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Hillgrove Resources Limited ( (AU:HGO) ) has shared an update.
Hillgrove Resources has reported new high-grade copper-gold intersections at its Nugent and emerging Nugent East zones within the Kanmantoo Copper Mine, including significant widths and grades that extend the known mineralised footprint. These results, from more than 10,800 metres of underground drilling completed by the end of February, support refinement of the Nugent resource model and point to continued resource growth.
Development of the Emily Star Exploration Drive has advanced 161 metres toward a planned 200-metre extension, positioning the company for targeted drilling in the June quarter to close information gaps in the Emily Star mineralisation. With operations currently cash-positive, Hillgrove is using this momentum to intensify growth-focused exploration and development, which could enhance mine economics and strengthen its competitive position in the copper sector.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.04 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
More about Hillgrove Resources Limited
Hillgrove Resources Limited is an ASX-listed copper producer focused on the Kanmantoo Copper Mine in South Australia. The company is engaged in underground and surface drilling to expand its copper-gold resource base, with a strategy centred on extending mine life and unlocking new high-grade zones within the broader Kanmantoo mineral system.
Average Trading Volume: 19,374,382
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$129.7M
Find detailed analytics on HGO stock on TipRanks’ Stock Analysis page.