HGO 0.00% 5.3¢ hillgrove resources limited

Ann: Quarterly Report and Appendix 5B for 30 September 2022, page-2

  1. 2,669 Posts.
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    In my view here is the critical paragraph from the report

    "To date, the mine plan only includes two of nine known mineralised lodes within the permitted
    lease (Kavanagh and Nugent), and these areas remain open at depth and along strike. As we
    continue to work through the financing based on the existing mineral resource base, we have also
    engaged DRC Drilling to continue drilling at Kanmantoo. The aim of this drilling is to demonstrate
    the potential of the other lodes within the lease, beginning with South Hub. Adding in more work
    areas will improve operational flexibility and increase annual throughput at relatively low
    incremental cost by utilising the latent capacity in the processing plant and tailings storage facility,
    all of which is expected to further improve value.”

    I was hoping this would be or is close to completion. Can't see financing happening until this is done.
 
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