Hillgrove Resources Signs Binding Farm‑in with Havilah Resources to Earn up to 80% of Mutooroo Copper Project

Deal Summary

Hillgrove Resources and Havilah Resources have signed a binding farm‑in agreement for the Mutooroo copper project in South Australia. Under the deal, Hillgrove will fund a $5 million pre‑feasibility study and can earn up to an 80% interest in the project, with a further $35 million payable if the study is successful. The arrangement aims to leverage Hillgrove’s existing Kanmantoo processing hub to reduce costs and risk.