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Hillgrove Resources Limited ( (AU:HGO) ) has shared an update.
Hillgrove Resources Limited has announced a significant new discovery at its Kanmantoo Copper Mine, identifying a high-grade copper-gold mineralization zone named the ‘Saddle’ zone. This discovery, located between the existing Kavanagh and Nugent mining areas, offers potential for near-term resource expansion with minimal additional infrastructure. The Saddle zone’s promising results, alongside positive drilling outcomes from Kavanagh and Nugent, underscore the strength of the Kanmantoo system and its growth potential, which will be reflected in upcoming resource updates.
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 focused on copper and gold extraction. The company is engaged in exploration and development activities, with a significant focus on the Kanmantoo Copper Mine, aiming to expand its mineral resource base and enhance production capabilities.
Average Trading Volume: 4,365,795
Technical Sentiment Signal: Sell
Current Market Cap: A$91.49M
For an in-depth examination of HGO stock, go to TipRanks’ Overview page.