Hillgrove Resources Achieves Early Ore Delivery from Nugent Development

The latest update is out from Hillgrove Resources Limited ( (AU:HGO) ).

Hillgrove Resources Limited has announced that the development rates at its Nugent site have exceeded expectations, resulting in the early intersection of the Nugent orebody and the delivery of the first development ore for processing. This advancement allows for an earlier than planned delivery of ore to the Kanmantoo mill, positioning the company for increased copper production and operational flexibility. While the prioritization of Nugent development and deferral of high-grade stopes may lead to lower near-term output, the company maintains its annual guidance and is preparing for increased mill throughput in 2026.

The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.10 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 a company operating in the mining industry, primarily focusing on copper production. The company is involved in the development and processing of copper ore, with a market focus on increasing production throughput and operational flexibility.

Average Trading Volume: 5,509,141

Technical Sentiment Signal: Sell

Current Market Cap: A$101.8M

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