Latest Hillgrove Resources (ASX:HGO) News

Capital raisings, resource updates and Medicare news drove the week’s biggest share moves. The sharpest gains came from silver and tungsten juniors, while the heaviest fall came from a deeply discounted equity raising.

Gold and specialty minerals names drove the week’s biggest moves as drilling hits, resource upgrades and funding deals pulled buyers into small and mid-cap materials stocks. Lithium and uranium names were more uneven, with some companies raising money for growth while others fell on dilution worries or project delays.

Hillgrove Resources reports underground drilling at Kavanagh surpassing 2025 resource grades, pushing mineralisation deeper and wider, while securing new tenements to boost regional copper exploration.

Speculative resources names drove the biggest moves this week, with Patriot Resources, Brazilian Critical Minerals and Rent.com.au leading the gainers. At the other end, Qoria, SQX Resources and 4DMedical fell hard as capital raisings, weak follow-through and post-gap selling hit sentiment.

Silver, rare earths and select critical minerals led this week’s winners, while lithium names and several larger producers slipped despite busy news flow. Big resource upgrades, fresh funding and cleaner processing routes drew buyers, but many early gaps failed to hold.

Hillgrove Resources (ASX:HGO) marked its first full year of underground copper production at Kanmantoo with 11,315 tonnes produced, returning to profitability and significantly boosting its Mineral Resources and Ore Reserves. The company is advancing growth projects and sustainability initiatives to underpin a production ramp-up in 2026.

Hillgrove Resources posted a record 3,120 tonnes of copper production in Q1 2026, driving a 22% jump in cash to $25.2 million. The company’s exploration at Emily Star and Nugent underpins ambitions to surpass 2 million tonnes annual throughput.

Hillgrove Resources has defined a significant Exploration Target for its Kanappa porphyry-style copper-gold prospect and secured environmental approval for a drilling campaign scheduled for mid-2026.

Hillgrove Resources has reported significant new copper-gold mineralisation at its Kanmantoo Copper Mine, with drilling confirming extensions at Nugent and Nugent East. Development progress and positive cash flow underpin ambitious production targets.

Hillgrove Resources has inked a binding deal with Heavy Minerals to extract garnet from Kanmantoo’s tailings, unlocking a fresh income source and extending the life of its tailings storage facility.

Hillgrove Resources met its 2025 copper production and cost guidance, boosted ore reserves by 43%, and outlined ambitious growth plans for 2026 including expanded mining at Nugent and Emily Star.

Hillgrove Resources has released final assay results from its Emily Star drilling program, confirming significant high-grade copper-gold mineralisation that supports plans to expand mining operations at Kanmantoo.