Hillgrove Resources Limited (ASX: HGO) is an Australian resources company listed on the Australian Stock Exchange (ASX) and owner of the Kanmantoo Copper Gold Mine, which is located approximately 55km from Adelaide in South Australia and comprises the recently completed Giant, Nugent and Emily Star Open Pits, and fully permitted and operational ore processing plant and tailings storage facility with spare capacity.
Hillgrove is investigating underground development of the high-grade copper-gold lodes that continue beneath it’s Kanmantoo Open Pits.
Hillgrove is uniquely positioned to rapidly develop these underground lodes, if they are economic to do so, given their location on an operational Mine Lease and immediately adjacent to existing, fully permitted and operational, infrastructure.
The Company has operated within South Australia for 15 years during which time it has developed strong operating experience with award winning positive stakeholder engagement practices, built up extensive technical knowledge about the region’s geological setting and mineral prospectivity, and become an active member of the South Australian mining and exploration community.
In addition to the Kanmantoo operation, Hillgrove holds over 6,150kms² of granted Exploration Licences in south eastern South Australia which are highly prospective for the discovery of economic copper deposits within a variety of geological settings (“South Eastern Copper Project”).
The Company also continues to investigate other options to generate value from the closed Giant Open Pit and associated infrastructure such as a Pumped Hydro Energy Scheme (PHES).