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Hillgrove Resources Limited (ASX:HGO)

ALERT: Price-sensitive ASX Announcement for HGO
Current share price for HGO : $0.057 0.001 (1.79%)+
Announcement
Release
21 Jul 2026 9:04AM
Price at Release
$0.056
Full Release
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Summary
Hillgrove Resources Limited reported strong operational performance in its Quarterly Report for the period ending 30 June 2026. The company achieved a sustained production rate of 1.8 million tonnes per annum at its Kanmantoo Copper Mine, contributing to lower unit operating costs. Copper production reached 3,170 tonnes, marking the fifth consecutive quarterly increase. The company also made significant progress in its growth initiatives, including the approval of the Emily Star development and advancements in the Mutooroo Pre-Feasibility Study. Financially, Hillgrove saw a 71% increase in net group cash flow to $8.3 million, driven by an operating mine cash flow of $23.3 million. The company maintained its cost discipline with an All-in Sustaining Cost (AISC) of $5.76 per pound of copper sold, at the lower end of the guidance range. Additionally, Hillgrove is considering a company name change to Kantra Copper Limited and a share consolidation to better reflect its strategic direction.
Key Points
  • Sustained 1.8 Mtpa run rate at Kanmantoo Copper Mine.
  • Copper production of 3,170 tonnes, a fifth consecutive quarterly increase.
  • Net group cash flow increased by 71% to $8.3 million.
  • All-in Sustaining Cost (AISC) of $5.76/lb payable copper sold.
  • Emily Star development approved, marking a key growth step.
  • Progress in Mutooroo Pre-Feasibility Study.
  • Proposed company name change to Kantra Copper Limited.
  • Share consolidation to reflect strategic goals.
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.