Hillgrove Secures AU$18 million Funding & Accelerates Exploration Plans.

Hillgrove Resources Ltd (ASX: HGO) has successfully raised AU$18.0 million through an oversubscribed Share Purchase Plan (SPP) and Placement, significantly strengthening its financial position. The SPP alone attracted AU$8.2 million in applications but was scaled back to AU$5.0 million due to high demand. The additional capital will accelerate exploration across key projects, including the Kanappa Prospect and South East Tenements.

Funds will be directed towards advancing drilling at Kanappa, where previous exploration suggested potential for large-scale copper-gold deposits. Geophysical surveys and diamond drilling will refine targets. Additionally, Hillgrove plans to fast-track geophysical studies in the South East Tenements to identify high-priority copper targets. This strong financial backing underscores investor confidence in Hillgrove’s growth strategy, supporting its long-term vision for expanded copper production and exploration success.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com