Hillgrove Resources Limited is an Australian mining company listed on the Australian Securities Exchange (ASX: HGO) focused on developing its Indonesian and Australian base and precious metals projects. Hillgrove’s flagship development is the Kanmantoo Copper Mine, located less than 55km from Adelaide in South Australia. The Company is also targeting the discovery of world class epithermal gold and porphyry copper/gold deposits in Eastern Indonesia. Read More
KANMANTOO MINE & EXPLORATION
The Kanmantoo Copper Mine is an open-cut copper/gold mine one hour from Adelaide in South Australia, which started production in late 2011. The current defined Mineral Resource of 32.2Mt allows a throughput of 2.4Mt per annum, producing some 80,000 tonnes of concentrate, containing about 20,000 tonnes of copper metal and 10,000 ounces of gold over a 6.5 year mine life. The Kanmantoo Mining Lease sits within a 500km2 Exploration License that is relatively unexplored and where exploration potential and Resource expansion is considered high. It is hoped exploration success will expand the throughput and life of the mine.
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BIRD'S HEAD & SUMBA PROJECTS
The Indonesian initiative includes two carefully selected projects in areas of great potential. Sumba Island – adjacent to Sumbawa which hosts Newmont’s major Batu Hijau copper/gold mine – where exploration is focused on defining gold mineralisation within a very large hydrothermal alteration system. Plus the Bird’s Head Project in West Papua, located along the interpreted westward continuation of the New Guinea mineral belt or ‘rim of fire’, where exploration is focused on defining copper/gold mineralisation associated with an interpreted porphyry complex and associated extensive hydrothermal alteration system.
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A producing mine at Kanmantoo, continuing exploration successes in the immediate vicinity suggesting Life-of-Mine extension, and our portfolio of highly prospective Indonesian prospects sets the company for a strong growth trajectory.
- The Hon. Dean Brown AO, Chairman