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Hillgrove Resources Limited ( (AU:HGO) ) has provided an announcement.
Hillgrove Resources Limited has successfully raised $28 million through a share placement to institutional and sophisticated investors, aimed at advancing its copper projects. The funds will be used to accelerate development at the Nugent ore body and further exploration at Emily Star, with expectations of increasing production and reducing unit operating costs at the Kanmantoo site.
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 operates in the mining industry, focusing primarily on copper production. The company is engaged in exploration and development activities, with a market focus on expanding its copper output through projects like Emily Star and Nugent.
Average Trading Volume: 5,330,699
Technical Sentiment Signal: Sell
Current Market Cap: A$109.8M
See more data about HGO stock on TipRanks’ Stock Analysis page.