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Hillgrove Resources Ltd (HGO.AX)

HGO.AX on Australia Stock Exchange

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7 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Hillgrove Resources receives $4 mln working capital loan funds
Thursday, 30 Jun 2016 06:55pm EDT 

Hillgrove Resources Ltd : Received the $4M working capital loan funds from the south Australian finance authority .  Full Article

Hillgrove Resources initiates restructuring of costs at the Kanmantoo Mine
Monday, 27 Jun 2016 07:56pm EDT 

Hillgrove Resources Ltd : Says has initiated a restructuring of costs at the Kanmantoo Mine in conjunction with major stakeholders .  Full Article

Hillgrove Resources announces south Australian government partnership
Monday, 7 Dec 2015 04:37pm EST 

Hillgrove Resources Ltd:Partnership will also involve a grant of $850,000 towards the construction of a pipeline to deliver untreated water to kanmantoo copper mine.This pipeline will supplement the existing supply of treated effluent water from the district council of mount barker.Says south Australia aims to triple copper production by 2030.  Full Article

Hillgrove Resources signed letter of intent to maintain and repair contract with Andy's earthmovers
Sunday, 30 Aug 2015 08:11pm EDT 

Hillgrove Resources Ltd:Signed letter of intent to maintain and repair contract with Andy's Earthmovers.Intent agreed includes two year extension of contract to AEM.  Full Article

Hillgrove Resources Ltd announces change of CFO
Thursday, 11 Jun 2015 07:25pm EDT 

Hillgrove Resources Ltd:Says that Russell Middleton, chief financial officer (CFO), has tendered his resignation with notice from Hillgrove Resources and its subsidiaries.Says Paul Kiley has been appointed to role of interim chief financial officer effective immediately.  Full Article

Hillgrove Resources Ltd announces equity raising
Sunday, 24 May 2015 07:14pm EDT 

Hillgrove Resources Ltd:Says that is undertaking fully underwritten pro-rata non-renounceable rights issue to raise about A$10 million (equity raising).Says that the package will provide amortisation of debt repayments to align with the most recent Life of Mine (LOM) plan and additional equity will provide the ability to accelerate the exploration program of nearby targets in order to extend the mine life.To raises A$10 million under fully underwritten pro-rata non-renounceable rights issue of about 40.3 million new fully paid ordinary shares to its shareholders on a 3 for 11 basis, at a fixed price of A$0.25 per share.  Full Article

Hillgrove Resources Ltd announces new chief executive officer and managing director
Sunday, 24 May 2015 07:09pm EDT 

Hillgrove Resources Ltd:Says that Steven McClare has been appointed as new chief executive officer and managing director of Hillgrove Resources Ltd, effective May 27.Says by agreement, Greg Hall will be stepping down as chief executive officer and managing director on May 26.  Full Article

Hillgrove Resources Ltd update on copper hedging program
Wednesday, 21 Jan 2015 07:00pm EST 

Hillgrove Resources Ltd:Says that it would like to update and reinforce to shareholders and the market the strong copper forward price position the company maintains through its copper hedging program.Hillgrove Resources has an active approach to hedging to support its Kanmantoo Mine revenue stream from short term falls in the copper price.This has now provided Hillgrove Resources with an average hedge cover of 78% of payable production through to March 2016, at an average price of A$7,723/mt (A$3.50/lb), with a mark to market value of $11.9M as at Jan. 19, 2015.  Full Article