Jan 17 (Reuters) - Hillgrove Resources Ltd (HGO) : UPDATES TO...

Jan 17 (Reuters) - Hillgrove Resources Ltd (HGO) :

• UPDATES TO ROCK FALL WHICH OCCURRED AT 9.00 PM ON 19 DECEMBER 2018, WHICH RESULTED IN RESTRICTIONS BEING PLACED ON AREA
• ADVISES THAT SECTION OF WALL WHERE ROCK FALL OCCURRED HAS BEEN SUCCESSFULLY REMEDIATED
• AT 3.20 PM (ACST) ON 17 JAN 2019, ACCESS RESTRICTION ON AREA WAS LIFTED BY MINES INSPECTOR & MINING IN AREA HAS RECOMMENCED
• CURRENT PROPOSED DESIGN IS LIKELY TO REDUCE FUTURE COPPER PRODUCTION BY ABOUT 2,000 RECOVERED METAL TONNES
• WORK HAS COMMENCED TO EVALUATE ALTERNATIVE UNDERGROUND MINING METHODS TO RECOVER LOST COPPER ORE
• CONTINUED TO OPERATE IN OTHER AREAS OF GIANT PIT THROUGHOUT RESTRICTION, ALBEIT WITH REDUCED PRODUCTIVITY & SOME ADDITIONAL COSTS
• ORE SUPPLY TO PROCESS PLANT & PROCESSING CONTINUED AT FULL CAPACITY THROUGH PERIOD, BUT STOCKPILED ORE HAS FALLEN BELOW BUDGET

Source text (http//reut.rs/2TShUVK)

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