Hillgrove Resources - HGO (ASX) News & Expert Insights from Stockhead

Hillgrove Resources is Australia’s newest copper miner and is attractively positioned to benefit from the robust outlook for the copper market. Hillgrove’s core asset is the Kanmantoo Copper Mine which is located approximately 55km from Adelaide, South Australia. The mine operated as a series of open pits from 2010 to 2020, producing around 137kt of copper and over 55koz of gold.

The operation has significant infrastructure including a 3.6Mtpa processing plant and a tailings storage facility with approximately 7.0Mt of spare capacity. Operations restarted in 2023 with underground mining commencing in May 2023 and first copper production in February 2024. Hillgrove is focused on predictable operational delivery to earn the right to pursue growth within the Australian copper market.

KEY PEOPLE

Derek has over 40 years’ experience in exploration and mining geology and management. He has held senior positions in Burmine and the Shell Group of companies where he was responsible for discovering the Los Santos tungsten deposit in Spain, before founding Minotaur Gold in 1993. He was awarded AMEC’s Prospector of the Year Award in 2003 for the discovery of the Prominent Hill copper-gold deposit.

Bob is a highly experienced Mining Engineer with 39 years of experience in the minerals industry. He has held Senior Executive positions at Evolution Mining and OZ Minerals, where he was responsible for leading the safe and efficient delivery of significant operations.

Bob’s extensive experience spans Australia, Africa, and Canada, where he has consistently achieved outstanding results in various mineral sectors. His strategic leadership in corporate roles and operational excellence through innovative solutions have significantly enhanced safety, operations, and profitability.