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Hillgrove Resources Limited ( (AU:HGO) ) has issued an update.
Hillgrove Resources Limited has announced significant high-grade copper-gold intersections from its ongoing drilling operations at the Kanmantoo Copper Mine. The recent drilling results have confirmed substantial extensions to the Kavanagh mineralisation, particularly in the East Kavanagh zone, which is expected to enhance the company’s mineral resource estimates for 2026. The drilling efforts have achieved a total of 50,140 metres year-to-date, nearing the 60,000 metre target for 2025, and have contributed to a better understanding of the lode geometry, potentially impacting future resource growth and operational strategies.
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 a company operating in the mining industry, primarily focusing on the extraction and production of copper and gold. The company is engaged in ongoing exploration and development activities at the Kanmantoo Copper Mine located in South Australia.
Average Trading Volume: 9,424,239
Technical Sentiment Signal: Sell
Current Market Cap: A$117.6M
Learn more about HGO stock on TipRanks’ Stock Analysis page.