https://www.miningweekly.com
Copper|Exploration|Gold|Infrastructure|Resources|Underground|Infrastructure
Copper|Exploration|Gold|Infrastructure|Resources|Underground|Infrastructure
copper|exploration|gold|infrastructure|resources|underground|infrastructure

Cash from Kanmantoo copper sales hits the bank

19th February 2024

By: Creamer Media Reporter

     

Font size: - +

Following the recent launch of copper production at the Kanmantoo underground mine in South Australia, Hillgrove Resources has now sold its first copper concentrate, securing the initial proceeds.

“Seeing the cash from the first copper sales hit the bank account was very gratifying. The revenues represent the execution of a strategy that commenced in 2019 centred on leveraging the existing infrastructure at Kanmantoo to develop a low capital-intensive copper mine,” commented CEO and MD Lachlan Wallace.

Hillgrove, which is now positioned as one of the few pure pay copper producers on the ASX, will focus on actively growing the mine life and the copper production profile through exploration.

Its initial focus will be on the substantial exploration target near the underused processing plant, including the recently discovered Kanmantoo Deeps target, Wallace stated.

The company has an exploration target of 60-million to 100-million tonnes.

The Kanmantoo mine is set to produce 43 500 t of copper and 11 500 oz of gold.

Edited by Creamer Media Reporter

Comments

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:3.519 18.894s - 94pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: