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Hillgrove Resources Limited (ASX:HGO)

ALERT: Price-sensitive ASX Announcement for HGO
Current share price for HGO : $0.062 0.028 (82.35%)+
Announcement
Release
30 Oct 2025 9:27AM
Price at Release
$0.034
Full Release
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Summary
Hillgrove Resources Limited announced a significant increase in the Ore Reserve Estimate (ORE) and Mineral Resource Estimate (MRE) for its Kanmantoo Copper Mine in South Australia. The 2025 ORE experienced a 43% increase in reserve tonnes and a 33% increase in contained copper metal compared to 2024, amounting to 4.0Mt at 0.85% Cu and 0.22g/t Au, containing 34kt of copper and 29koz of gold. The MRE grew by 14% in total tonnes and 46% in total contained gold. This expansion in estimates is credited to ongoing grade control, resource definition, and exploration drilling, offsetting mining depletion. Notably, the Nugent Deposit saw a 67% increase in tonnage and a 76% increase in contained copper. The update underscores the considerable potential of the Kanmantoo copper system and strengthens the mine's reserve life.
Key Points
  • Hillgrove Resources Limited reported a 43% increase in Ore Reserve tonnes.
  • The 2025 Ore Reserve Estimate contains 4.0Mt at 0.85% Cu and 0.22g/t Au.
  • The Mineral Resource Estimate grew by 14% in total tonnes from 2024.
  • Nugent Deposit saw a 67% increase in tonnage and 76% increase in contained copper.
  • The update highlights significant potential and extended life for Kanmantoo Mine.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.