StockTake: Hillgrove raises $28m to scale up copper production in South Australia

Host Tylah Tully looks at the latest news from Hillgrove Resources (ASX:HGO), which has raised $28 million in a placement to scale up copper production at its Kanmantoo project in South Australia.

The funds will be used to complete development of the Nugent ore body, which is expected to add 300,000-400,000 tonnes of feed per annum, increasing annual production to 1.7-1.8 million  tonnes.

Watch the video to learn more.

This video was developed in collaboration with Hillgrove Resources, a Stockhead advertiser at the time of publishing.

This video does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.