Hillgrove Resources Limited ( (AU:HGO) ) just unveiled an update.
Hillgrove Resources Limited successfully completed an oversubscribed Share Purchase Plan (SPP), raising $5.0 million, which, along with a $13.0 million placement, totals $18.0 million in new capital. This financial boost will enable the company to accelerate exploration activities, particularly at the Kanappa prospect and Southeast tenements, and fast-track development at Nugent, enhancing its copper production and operational flexibility.
More about Hillgrove Resources Limited
Hillgrove Resources Limited operates in the mining industry, focusing primarily on copper production. The company is engaged in exploration and development projects, with a market focus on expanding its copper production capabilities and enhancing operational efficiency. Key projects include the Kanmantoo Mining Lease and exploration at the Kanappa prospect.
YTD Price Performance: -28.00%
Average Trading Volume: 4,690,890
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$83.75M
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