Australia's Hillgrove Resources hits 3-mth high on copper-gold project update

Kantra Copper

14/12/2021 04:53

** Shares of Hillgrove Resources  HGO.AX  climb as much as
10.9% to A$0.061, their highest since Sept. 16
    ** Mineral explorer says https://www.asx.com.au/asxpdf/20211214/pdf/4543zkyf7bdrkx.pdf
 economic assessment of Kanmantoo Copper Gold Deposit in South
Australia shows post-tax free cash flow of A$196 mln ($139.20
mln) from recommencement of operations in 2022
    ** Says capital expenditure of A$26 mln only required with
infrastructure already in place
    ** HGO's biggest intraday pct gain since Dec. 6
    ** Over 9.8 mln shares change hands, 7.7x their 30-day
average volume of 1.3 mln shares
    ** Stock up 71.9% this year as of last close
    
  


($1 = 1.4081 Australian dollars)

 (Reporting by Dhriti Garg in Bengaluru)
 ((dhriti.garg@thomsonreuters.com))