Hillgrove speeds up Nugent development at Kanmantoo
Following a successful A$16-million capital raising, Australian copper miner Hillgrove Resources is accelerating the development of its Nugent deposit at the operating Kanmantoo mine, in South Australia.
The company has appointed key contractors to start work on the decline to access ore.
Existing contractor PJL has been engaged to supply and maintain the requisite mining equipment and Redpath has been engaged to provide the labour for the project. It is expected that these works will start in early April, with first ore from Nugent targeted to be processed through the mill in the December quarter.
“On the back of the recent positive drilling results at the Nugent deposit, as well as the successful capital raising, I’m excited to announce that the people and equipment are in place for us to begin the acceleration of the Nugent development – with the ultimate aim of this to expand the mining and processing rate by approximately 25% from 1.4-million tonnes a year up to 1.8-million tonnes a year run rate in the first half of 2026,” comments CEO and MD Bob Fulker.
The increased run rate should reduce unit costs while increasing copper production and revenue.
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