Australia's Hillgrove Resources up on plan to resume work at SA copper mine

Kantra Copper

17/03/2023 03:08

** Shares of Hillgrove Resources Ltd  HGO.AX  rise as much
as 3.7% to A$0.056, their highest since March 6
    ** Mining co says it is working towards the resumption of
production and drilling work at the Kanmatoo Copper mine in
Southern Australia
    ** Adds expects to finalise supply and service contracts and
commence mobilisation in coming weeks 
    ** Says it is on track to begin copper production in early
2024
    ** HGO stock marks a three-day winning streak 
    ** More than 2.7 mln shares change hands vs the 30-day
average volume of 2.5 mln shares
    ** Stock has been flat this year, as of last close
    
  

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@thomsonreuters.com))