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Hillgrove Resources Limited ( (AU:HGO) ) has provided an update.
Hillgrove Resources Limited announced significant extensions of high-grade copper-gold mineralization at the Nugent site within the Kanmantoo Copper Mine. The recent drilling results have revealed better-than-expected gold distribution, particularly at the southern end of Nugent, contradicting previous assumptions of lower gold grades in that area. These findings not only enhance the understanding of the Nugent orebody but also indicate an expanding alteration corridor rich in copper and gold, setting the stage for the commencement of stoping in the upcoming December quarter. This development is likely to positively impact Hillgrove’s operational capabilities and market positioning by increasing their resource base and production potential.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.06 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 activities at the Kanmantoo Copper Mine, with a market focus on enhancing its mineral resource base and production capabilities.
Average Trading Volume: 4,613,072
Technical Sentiment Signal: Sell
Current Market Cap: A$91.49M
Find detailed analytics on HGO stock on TipRanks’ Stock Analysis page.