Hillgrove Resources Limited is an Australian mining company listed on the Australian Securities Exchange (ASX: HGO) focused on developing its flagship Kanmantoo Copper Mine and associated regional exploration targets, located less than 55km from Adelaide in South Australia. 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 Company has approximately 245 site based employees and contractors at Kanmantoo and at head office. Presently the Company is mining at the rate of approximately 20 million tonnes per annum and produces approximately 20,000 tonnes of copper per annum. Annual export earnings are in a range of $140 million to $170 million per annum. With over $60 million invested in the cutback of the Giant Pit, the Company expects to complete the final stripping in the next seven months and it then has the potential to generate significant free cash-flows at very low stripping ratios. The Company's goal is to become a mid-tier gold and copper/gold resources group. The Company's growth will come from the Kanmantoo Copper Mine operation in South Australia and exploration discoveries from its highly prospective near mine and greenfield exploration projects.
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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