HGO 3.18% 8.1¢ hillgrove resources limited

Double entry messaging."we will begin to actively grow the mine...

  1. VYR
    4,349 Posts.
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    Double entry messaging.

    "we will begin to actively grow the mine life and the annual copper production profile" Sounds like a very material increase in mining inventory is on the way..

    Fault causes material reduction in mining inventory? There is only 1.3mt of inferred resource for Kavanaugh which 19% of the MRE , and only 4.5mt 65% of the MRE is used in the Mine Plan.

    They have already shifted the planned decline to the north to capture the unexpected gains in Spitfire.

    Kavanaugh's loss will be K deeps gain in spades.


    Double entry Accounting.


    Being an optimist I think the double entry accounts once the exploration of the targets is done will read.

    Kavanagh MRE minus 1 mt to plus 5mt
    Kavanagh Deeps New MRE plus 50 to 80 mt and that's a lot of feed for a >3mtpa plant.



    https://hotcopper.com.au/data/attachments/5971/5971408-1cbf9db41023878b41af4e41af4e125a.jpg

    https://hotcopper.com.au/data/attachments/5971/5971418-702195f4e8273b6e2daead5c65a78bbf.jpg
    https://hotcopper.com.au/data/attachments/5971/5971423-25a8fd90e86e71722568f864ea2b3afd.jpg
    https://hotcopper.com.au/data/attachments/5971/5971427-378b435d298aedf939472db230807a87.jpg

    Last edited by VYR: 19/02/24
 
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