Latest news with #HillgroveResources
News.com.au
3 days ago
- Business
- News.com.au
Break it Down: Hillgrove notches record copper mining metrics at Kanmantoo
Hillgrove Resources has notched up a set of new records for the Kanmantoo copper mine as the red metal sector heats up.
Globe and Mail
15-05-2025
- Business
- Globe and Mail
Strategic Royalty Acquisition Sparks Investor Interest in This Small-Cap
On an overall risk-off day, there was a notable development in the mining sector that stood out. A key announcement related to a producing asset led to increased investor interest and ultimately sent shares of one mining royalty company higher. Shares of Vox Royalty Corp. (TSX:VOXR) (NASDAQ:VOXR) were on the move higher as the company announced that they would be acquiring a cash-flowing 2.5% net smelter return (NSR) royalty on the producing Kanmantoo copper-gold mine in South Australia for $11.7 million, funded through a drawdown from its credit facility with Bank of Montreal. Operated by Hillgrove Resources and located 55km from Adelaide, the royalty steps down to 0.5% after 85,000 tonnes of copper are produced, with approximately 72,435 tonnes remaining as of April 30, 2025. The Kanmantoo underground copper-gold mine is a fully operational site expected to produce 12,000 to 14,000 tonnes of copper in 2025, along with notable gold and silver byproducts. Previously mined as open pits from 2010 to 2020 with production of 137,000 tonnes of copper and over 55,000 oz of gold, underground operations began in May 2023 and reached commercial production by July 2024. The mine benefits from A$200 million in established infrastructure, including a 3.6Mtpa processing plant currently running at ~40% capacity, and offers significant expansion potential. With a total resource of 18.9Mt at an average grade of around 0.77% Cu and 0.14g/t Au, and a regional exploration target of 25–40Mt at up to 1.4% Cu, the site holds strong exploration upside. A 60,000m drilling program underway in 2025 aims to update the resource estimate and potentially extend mine life. Development is also accelerating at the gold-rich Nugent deposit, with first ore expected in Q4 2025 and recent high-grade drill results supporting its potential. Shares of VOXR are currently up 4.99% at $4.63 while U.S. listed shares (VOXR) are up 4.92% at $3.305 in mid-morning trading. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
News.com.au
08-05-2025
- Business
- News.com.au
Break it Down: Hillgrove on track for copper guidance
Stockhead's Break it Down brings you today's leading market news in under 90 seconds. In this episode, host Tylah Tully looks at Hillgrove Resources' (ASX:HGO) progress toward hitting production guidance at its Kanmantoo copper mine in South Australia. The company reports it is on track to hit up to 14,000t of copper, at a time when the metal has been trading in a range of US$4.5-5 per pound. While Hillgrove Resources is a Stockhead advertiser, it did not sponsor this content. Originally published as Break it Down: Hillgrove on track for copper guidance
