Hillgrove Resources (HGO)

Shares / Stock Code

HGO

Stock Exchange / Sharemarket

Australian Securities Exchange

Hillgrove Gold (HGO) is an exploration company, mainly exploring for copper, gold and natural gas. HGO's main projects are its gold and copper projects at the Kanmantoo Copper Project in South Australia. The company also holds a 32.5% interest in the Gunnedah Gas Project in NSW. The company was listed on the ASX on 22 July 1994.

Hillgrove’s portfolio includes an advanced exploration portfolio of 5,128kilometers in copper and gold terrains in eastern Indonesia targeting porphyry copper-gold and epithermal deposits. Hillgrove’s has a fully diluted, direct 20.6% interest in the New South Wales coal seam gas company, Eastern Star Gas Limited. Hillgrove’s projects include Kanmantoo Copper Gold Project and Bird’s Head Project. In July 2009, the Company completed the sale of its investment in Eastern Star Gas Limited to Santos Limited.

The Gunnedah Gas Project contains one of Australia's largest on-shore accumulations of natural gas. Further development may lead to opportunities to supply gas into Newcastle, Sydney and Wollongong.

In the Coal Bed Methane (CBM) sector, HGO has to compete against established producers such as the Oil Company of Australia, Santos and Tipperary. Its customers include both industrial and domestic households in Australia. Competitors in the field of gold and copper exploration include Newman Mining and Midas Resources. Amongst its potential customers are the industrial sector, wholesalers and retailers.

Hillgrove Resources (HGO) Products and Services

  • Minerals exploration in South Australia, Queensland and Indonesia

Hillgrove Resources (HGO) Locations and Subsidiaries

Hillgrove Gold Head Office
Suite 4103, Level 41 Australia Square Tower, 264-278 George Street,
SYDNEY, NSW 2000
Phone: (02) 8221 0404
Fax: (02) 8221 0407

Hillgrove Resources (HGO) Share Price

Submitted by ASX Listed Company on 17 April, 2010 - 03:09

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