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Hillgrove Resources Limited (ASX:HGO)

ALERT: Price-sensitive ASX Announcement for HGO
Current share price for HGO : $0.057 -0.008 (-12.31%)+
Announcement
Release
17 Jul 2026 9:11AM
Price at Release
$0.065
Full Release
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Summary
Hillgrove Resources Limited has approved the development of the Emily Star as a third underground mining front at the Kanmantoo Copper Mine in South Australia. The development is expected to require a capital investment of $20-22 million, with $6.5-7.5 million to be spent in the latter half of 2026. The approval follows confirmation of geological continuity and no significant geotechnical risks. The Emily Star development, aimed to commence stoping in the second half of 2027, will enhance the mine's operational flexibility and support sustained copper production. The project will be funded from operating cash flows, reflecting the robustness of the Kanmantoo operation. The 2026 capital guidance has been updated to $15-17 million to include this project and the Mutooroo Stage 1 Pre-Feasibility Study.
Key Points
  • Emily Star development approved as a third mining front at Kanmantoo.
  • Capital requirement is $20-22 million; funding from operating cash flows.
  • Stoping scheduled to start in H2 2027.
  • 2026 capital guidance updated to $15-17 million.
  • No significant geotechnical risks identified.
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.