Hillgrove Resources Limited ( (AU:HGO) ) has provided an update.
Hillgrove Resources Limited has announced the discovery of new mineralization at its Kanmantoo Copper Mine, following extensional drilling at the Valentines Pit. The drilling results indicate potential new ore sources, which could expand the underground mining footprint and supplement existing operations. To support this expansion, a third underground diamond drill rig has been deployed to continue resource expansion drilling, with plans to conduct 60,000 meters of drilling throughout the year. This development is expected to optimize the use of Hillgrove’s processing plant and provide further opportunities for resource identification, potentially impacting the company’s operational capacity and market positioning.
More about Hillgrove Resources Limited
Hillgrove Resources Limited is a company operating in the mining industry, primarily focusing on copper extraction. The company is engaged in developing and expanding its mining operations at the Kanmantoo Copper Mine in South Australia, aiming to enhance its production capabilities and market presence.
YTD Price Performance: -32.00%
Average Trading Volume: 5,185,982
Technical Sentiment Signal: Buy
Current Market Cap: A$86.25M
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