April Production in Line With Plan
Released
Released
Announcement PDF
8 May 2025
HILLGROVE APRIL PRODUCTION IN LINE WITH PLAN AND CONFIRMS
2025 PRODUCTION AND COST GUIDANCE
Production of 811 tonnes of copper in April 2024, in line with mine plan and expected grade for the month
June 2025 quarter copper production remains on track to deliver production guidance of greater than the
2,952 tonnes produced in the March quarter, feeding into the unchanged yearly production guidance of
12,000 to 14,000 tonnes for CY2025
Preparatory works for the accelerated Nugent production strategy have now been completed with
accelerated underground development commenced in late April
First ore from Nugent remains on target to be processed in the December quarter of 2025, which is
expected to deliver a material uplift to plant throughput, copper production and revenue generation
Commenting on the April production, Hillgrove CEO and Managing Director, Bob Fulker said:
“As previously foreshadowed in the March 2025 production announcement 1, the mine plan for this month
included stoping through a lower grade section of the orebody and hence as planned this has flowed through
to the 811 tonnes of copper tonnes produced. I am pleased however to confirm that we are still on track for
June 2025 quarter production to be greater than the March 2025 quarter of 2,952 tonnes of copper produced.
During the month, preparatory work was completed to allow the accelerated Nugent development to
commence, this included independent firing and ventilation works. Going forward, we expect development
will be greater than 700 metres per month across the deposits being mined.”
April 2025 Monthly Production
Kanmantoo Production Metrics
Mining Summary
Total Development
Ore Mined
In Situ Copper Mined
Processing Summary
Ore Processed
Copper grade Processed
Copper Recoveries
Copper Produced
Units
April 2025
Month
Mar 2025 Qtr
Monthly Average
m
kt
tonnes
574
100
802
606
113
1,076
kt
%
%
tonnes
106
0.81
94.8
811
105
0.99
94.2
984
Authorised for release by the Board of Hillgrove Resources Limited.
For more information contact:
Mr Bob Fulker
CEO & Managing Director
Tel: +61 (0)8 7070 1698
1
Mr Joe Sutanto
Chief Financial Officer & Company Secretary
Tel: +61 (0)8 7070 1698
Refer ASX announcement dated 8 April 2025
Hillgrove Resources Limited ACN 004 297 116
Ground Floor, 5-7 King William Road, Unley SA 5061, Australia | T + 61 8 7070 1698 | E info@hillgroveresources.com.au
Forward Looking Statement
This Report contains or may contain certain forward-looking statements and comments about future events, that are based on Hillgrove's
beliefs, assumptions and expectations and on information currently available to management as at the date of this presentation. Often, but
not always, forward-looking statements can generally be identified by the use of forward-looking words such as "may", "will", "expect", "plan",
"believes", "estimate", "anticipate", "outlook", and "guidance", or similar expressions, and may include, without limitation, statements regarding
plans, strategies and objectives of management, anticipated production and production potential, financial forecasts, product quality estimates
of future Mineral Resources and Ore Reserves. Such statements are only expectations or beliefs and are subject to inherent risks and
uncertainties which could cause actual values, results or performance achievements to differ materially from those expressed or implied in
this announcement. Where Hillgrove expresses or implies an expectation or belief as to future events or results, such expectation or belief is
expressed in good faith and on a reasonable basis. No representation or warranty, express or implied, is made by Hillgrove that the matters
stated in this presentation will in fact be achieved or prove to be correct. Except as required by law, Hillgrove undertakes no obligation to
provide any additional or updated information or update any forward-looking statements whether on a result of new information, future events,
results or otherwise. Readers are cautioned against placing undue reliance on forward-looking statements. These forward-looking statements
are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors,
many of which are beyond the control of Hillgrove, the directors, and management of Hillgrove. These factors include, but are not limited to
difficulties in forecasting expected production quantities, the potential that any of Hillgrove's projects may experience technical, geological,
metallurgical and mechanical problems, changes in market prices and other risks not anticipated by Hillgrove, changes in exchange rate
assumptions, changes in product pricing assumptions, major changes in mine plans and/or resources, changes in equipment life or capability,
emergence of previously underestimated technical challenges, increased costs, and demand for production inputs.
Hillgrove Resources Limited ACN 004 297 116
Ground Floor, 5-7 King William Road, Unley SA 5061, Australia | T + 61 8 7070 1698 | E info@hillgroveresources.com.au
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