Hillgrove Resources Limited (ASX:HGO) Announces January 2025 Production Update
Production Summary
Hillgrove Resources Limited reported a 21% increase in in-situ copper mined in January 2025, reaching 1,074 tonnes compared to the December quarter average. Ore mined totaled 115kt, with 90% sourced from stopes, resulting in a processed grade of 0.97%, up 13%. The monthly development rate rose by 7% to 576 metres. Ore processed amounted to 99kt, a 10% decrease due to the campaign milling sequence.
Executive Comments
CEO and Managing Director Bob Fulker stated, “I am pleased to provide a January production update which clearly demonstrates operational improvements. In particular, the in-situ copper tonnes mined were up 21% compared to the December 2024 quarter monthly average. In accordance with plan, stope production in January increased significantly, with grade processed increasing 13% to 0.97%. The ore tonnes processed in the month are in line with our campaign milling schedule, with surface stocks at month end being circa 18,000 tonnes.”
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