logo-loader
viewHillgrove Resources Limited

Hillgrove Resources in bumper copper production at Kanmantoo mine

au_copper350_52fd8c6872bd9.jpg

Hillgrove Resources (ASX:HGO) has registered a record quarterly copper production at its Kanmantoo copper mine in South Australia.

The company achieved a 36% bump in copper production in the quarter ending 31 January 2014 compared with the previous quarter, with a total of 5,838 tonnes copper contained in concentrates, which was also above the quarterly guidance of 5,400 tonnes to 5,600 tonnes.

Other operational achievement included an 80% increase in the total material mined following the implementation of a new owner operated mining plan. It also increased the mill head grade of 0.83% copper and record recovery of 92.4%.

The company also provided a copper production guidance for the coming Financial Year ending 31 January 2015 of 22,300 tonnes to 24,600 tonnes copper contained in concentrates.

The Kanmantoo Copper Mine is located less than 55 kilometres from Adelaide in South Australia. It is an open-cut mine which has now ramped up to a throughput of up to 3Mtpa, to produce approximately 90,000 dry metric tonnes of copper concentrate per annum.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Hillgrove Resources Limited

Price: 0.035 AUD

ASX:HGO
Market: ASX
Market Cap: $20.5 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Archer Materials looking to raise 3 million offering a Share Purchase Plan

Archer Materials ( ASX: AXE) CEO Dr Mohammad Choucair joined Proactive’s Steve Darling with news the company is looking to raise capital in a Share Purchase Plan which began June 1st. That plan will allow eligible shareholders the opportunity to purchase new Archer shares at a price of $0.60 per...

2 days, 3 hours ago

2 min read