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Hillgrove Resources Limited ( (AU:HGO) ) has provided an update.
Hillgrove Resources has completed the Nugent Decline on schedule at its Kanmantoo Copper Mine, successfully linking the Nugent and Kavanagh underground mining areas. The new connection provides efficient access to approximately 1.3 million tonnes of mineral resources and is expected to relieve congestion in the Kavanagh orebody by adding new mining fronts and production levels, while also improving trucking efficiencies via a decline loop. With 2.2 kilometres of development at Nugent finished this year and stoping now underway, the company says it remains on track to lift mining rates to 1.7–1.8 million tonnes per annum in the first half of 2026, reinforcing its push to scale up production and strengthen operational performance at Kanmantoo.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.05 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 Australian-listed copper mining company focused on developing and operating its Kanmantoo Copper Mine in South Australia. The company’s operations centre on underground copper extraction, with an emphasis on expanding accessible mineral resources and improving mine efficiency to support higher production rates.
Average Trading Volume: 16,177,970
Technical Sentiment Signal: Sell
Current Market Cap: A$129.7M
Find detailed analytics on HGO stock on TipRanks’ Stock Analysis page.