Hillgrove Approves Third Mining Front at Kanmantoo with Emily Star Development
Hillgrove Resources has confirmed the development of the Emily Star underground mining front at the Kanmantoo Copper Mine, with an estimated capital expenditure of $20-22 million. This project aims to enhance operational flexibility and sustain a 2Mtpa production rate starting in H2 2027.
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Hillgrove Resources has approved the Emily Star project as the third underground mining front at Kanmantoo, with development costs estimated at $20-22 million, funded through operating cash flow. The project is expected to begin stoping in H2 2027 and is part of an overall strategy to maintain a 2Mtpa run rate.
A significant increase in 2026 capital guidance to $15-17 million reflects the initiation of development at Emily Star and ongoing work on the Mutooroo Stage 1 Pre-Feasibility Study. The estimated 2025 Mineral Resource includes 22Mt at 0.74% copper, with Emily Star's inferred resource contributing 2.6Mt at 0.77% copper.
The company is also seeking shareholder approval for a name change to Kantra Copper Limited and a 15-for-1 share consolidation to enhance market liquidity. Potential risks include the need for increased infrastructure investment at Emily Star compared to earlier projects.
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