Hillgrove Resources Extends Nugent Copper-Gold Mineralization

Hillgrove Resources Limited ( (AU:HGO) ) has shared an update.

Hillgrove Resources Limited has announced significant new drilling results from its Nugent site, which have extended the known copper-gold mineralization to a depth of 380 meters below the historic open pit. The results, which include high-grade copper and gold intersections, are expected to enhance the company’s resource growth potential and accelerate the development of the Nugent site. This development is part of Hillgrove’s strategy to increase throughput and copper production, with plans to process the first ore from Nugent by the end of 2025. The announcement underscores Hillgrove’s confidence in the resource potential at Nugent and the broader Kanmantoo area, potentially impacting stakeholders positively by increasing production capacity and resource estimates.

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 focusing on copper and gold extraction. The company is engaged in the development and production of mineral resources, with its operations centered around the Kanmantoo Copper Mine located in South Australia.

Average Trading Volume: 5,633,967

Technical Sentiment Signal: Sell

Current Market Cap: A$93.99M

See more data about HGO stock on TipRanks’ Stock Analysis page.