Hillgrove Resources Limited has released new results from a recent magnetotelluric (MT) survey conducted over the Kanmantoo exploration lease. The survey, which was carried out by Fleet Space Technologies, encompassed the southern and eastern margins of the deposit and has revealed significant conductive zones. One of the key findings is the presence of a high conductivity zone that extends to depths exceeding 2 kilometers below the surface and continues south of the currently known Emily Star deposit. Additionally, a steep, highly conductive zone beneath the established mineralisation aligns well with the dip observed in the underground mine, reinforcing the geological model derived from previous surveys. The new data, acquired using both MT and audio-frequency MT technologies, integrates recent 3D survey results with earlier 2D measurements from 2018/2019 and 2023. This integrated approach has allowed the company to build a robust deposit-scale model that validates the continuity and geometry of the alteration corridor. The survey’s results are set to shape the upcoming drilling program, with initial tests planned for September 2025 aimed at targeting the depth extensions in the Emily Star area. Currently, that area is noted for its resource of 2.6 million tonnes grading 0.77% copper and 0.08 g/t gold, and the forthcoming drilling is expected to further delineate and potentially expand this resource. Hillgrove Resources Limited’s development strategy is driven by the goal to organically grow production through the addition of independent mining areas, which in this case would help maximise the utilization of its 3.6Mtpa processing plant. By extending the known mineralisation beyond its current boundaries, the company aims to enhance its production profile with additional mining inventory from areas such as Emily Star. The detailed MT survey has provided valuable insights into the alteration system and the associated shear corridor that hosts the copper-gold mineralisation, setting the stage for a resource expansion update anticipated in the final quarter of 2025. From a bullish perspective, the advanced geophysical results are encouraging as they not only confirm the continuation of key conductive zones to substantial depths but also reveal potential new targets for drilling. This enhanced understanding of the deposit’s structure could lead to an increase in resource estimates and improve overall mine planning, thereby potentially boosting production capacity and shareholder value. Conversely, a bearish sentiment might point to the inherent risks in exploration where data interpretation and subsequent drill results may not always translate into economically viable resources. Technical challenges during drilling and the uncertainties surrounding the scalability of the newly identified zones could also temper immediate market enthusiasm. Overall, the fresh geophysical data from Kanmantoo is being closely watched by market participants, as it lays the groundwork for targeted drilling and potential resource expansion, with the forthcoming exploration results expected to be a pivotal factor in the company’s growth strategy.