HGO 0.00% 6.4¢ hillgrove resources limited

HI Ducky.A lot of stuff has happened since the Current Mine plan...

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  1. VYR
    4,675 Posts.
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    HI Ducky.

    A lot of stuff has happened since the Current Mine plan was developed using only 4.5mt of the 7mt of resource in the 2022 MRE.

    We are starting the development of a new mine plan with a lot of resources in the reserve tank to take us on a longer journey.

    Since then a lot of the exploration efforts would have been for stope definition and improving the confidence level of the existing reported resources.

    Importantly.

    * Further drilling confirmed that the Indicated and inferred resources to the right of fault 1066 in the second slide weren't there. So we start with a minus but there are plenty of pluses.
    * The third slide is confirmation drilling not new resources
    * The fourth slide tells us that the fault might be a blessing rather than a bummer.
    * the fifth slide 70m from the resource envelope is a definite plus . Those Spitfire lodes should deliver bigger annual tonnages to help fill the plant.
    * the sixth slide is confirmation that Emily star has a lot of promise and could add additional lodes to fill the plant.

    We shouldn't be disappointed when the MRE is released given that the first announcement from Bob was confirmation that nothing sinister was going on leading up to Lachlans departure.

    Great to be generating positive cash flow with plenty more in the pipe line.

    https://hotcopper.com.au/data/attachments/6288/6288445-606d350a8001a6e6e265fd6ead919b81.jpg




    https://hotcopper.com.au/data/attachments/6288/6288373-25aa4cb6dec7d0cce34495c258904e2c.jpg
    https://hotcopper.com.au/data/attachments/6288/6288376-ed3712bec0ec8dda356ade9e282e7e39.jpg
    https://hotcopper.com.au/data/attachments/6288/6288379-5598cddcfad776c15443545e4dc8dc72.jpg
    https://hotcopper.com.au/data/attachments/6288/6288382-6ca14b5781725b727b1927a17ea47a98.jpg
    https://hotcopper.com.au/data/attachments/6288/6288385-ba4327709034e8a17893361416312df3.jpg


 
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