HGO
Lead Manager
Contact - Jake Grbavac
0474 484 982
jake@liquidity.com.au
Offer Price
A$0.0350
per share
Offer Size
A$20,000,000
Issue Price (Per Share)
A$0.0350
Discount
2.78%
Offer Size
A$20,000,000
Shares Available
571,428,571
A$20m placement (Placement), with the ability to accept overs, at A$0.035 per share.
Discount to last close price of A$0.0420/sh: 16.7%
Discount to 5 trading day VWAP of A$0.0399/sh: 12.3%
Discount to 10 trading day VWAP of A$0.0381/sh: 8.0%
Hillgrove Resources Limited (ASX: HGO) is an Australian mining and exploration company headquartered in Unley, South Australia, focused primarily on copper, gold and silver.
Its flagship asset is the Kanmantoo Copper Mine, located about 55 km from Adelaide, which includes underground and open pit operations, an operational processing plant and significant exploration potential across more than 6,100 km² of tenements in south-eastern South Australia.
Net mine operating cash flow A$16m & AISC US$3.87/lb (YTD 30 June 2025).
Nugent high grade Copper-Gold mineralisation including:
Outstanding results in Emily Star including:
Emily Star three staged development approach
Use of Funds
1.
Complete Nugent development
2.
Emily Star exploration and development
3.
Working capital
4.
Offer costs
Disclaimer
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Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in Hillgrove Resources Limited.
