Hillgrove Resources approves $22M mine extension

• Hillgrove Resources approved the Emily Star underground development with a total capital requirement of $20–$22 million.
• The company updated its 2026 major capital guidance to $15–$17 million to fund the new project and ongoing study works.
• Stoping operations at the Emily Star site are scheduled to commence in the second half of 2027.

Hillgrove Resources (ASX:HGO) approved the development of the Emily Star underground mine extension, which requires $20–$22 million in capital expenditure to reach completion.

The decision follows drilling programmes that confirmed geological continuity while identifying no material geotechnical risks across the deposit.

The source document did not include an executive statement regarding the development decision.

Hillgrove Resources allocated $6.5–$7.5 million of the project expenditure to the second half of 2026, alongside funding for the Mutooroo Stage 1 pre-feasibility study.

The company stated that stoping operations at the Emily Star development are scheduled to commence in the second half of 2027.

Following the announcement, the Hillgrove Resources share price was unchanged at $0.065.

Hillgrove Resources operates the Kanmantoo copper mine in South Australia, where it recently completed its transition to underground production.