Hillgrove Resources recommences drilling at Kanmantoo Copper Mine
2020-06-02 14:13:11 [Print]
Australia's Hillgrove Resources has resumed its underground drilling campaign at its Kanmantoo Copper Mine in South Australia.
The drilling campaign was temporarily paused to ensure the safety of workers during the COVID-19 pandemic and conserve cash in light of the highly unpredictable market conditions.
While the drilling campaign was paused, Hillgrove Resources continued to advance funding discussions for the project located less than 55 kilometers from Adelaide.
The company has reiterated that its key focus at this point is evaluating the underground mining project which it hopes will offer the possibility to return to cash generation in the near-term.
The drilling campaign was temporarily paused to ensure the safety of workers during the COVID-19 pandemic and conserve cash in light of the highly unpredictable market conditions.
While the drilling campaign was paused, Hillgrove Resources continued to advance funding discussions for the project located less than 55 kilometers from Adelaide.
The company has reiterated that its key focus at this point is evaluating the underground mining project which it hopes will offer the possibility to return to cash generation in the near-term.
Copper Conc. TC 25%min CIF China
Unit:USD/mt
China copper concentrate producers' suspension number statistics by province by month
Unit: pcs
