Brief: Hillgrove Resources Says Board Approved Stage 1 Development Of Kanmantoo Underground Copper Mine

Kantra Copper

19/06/2023 02:34

June 19 (Reuters) - Hillgrove Resources Ltd  HGO.AX :
    * BOARD HAS APPROVED STAGE 1 DEVELOPMENT OF KANMANTOO
UNDERGROUND
COPPER MINE
    * STAGE 1 IS PROJECTED TO DELIVER 43.5KT OF COPPER IN
CONCENTRATE
OVER INITIAL 4 YEAR SCHEDULE
    * COST AND RISK TO FIRST COPPER PRODUCTION AT MINE IS
RELATIVELY
LOW AND ON TRACK FOR EARLY 2024
    * PROJECT IS FULLY FUNDED WITHOUT DEBT, THROUGH A$38M
PLACEMENT
AND SHARE PURCHASE PLAN

Source text for Eikon:  ID:nASX8qx3gY 
Further company coverage:  HGO.AX 

 ((Reuters.Briefs@thomsonreuters.com;))