March 31 (Reuters) - Hillgrove Resources Ltd HGO.AX :
* Since February 2016, Hillgrove has not achieved the budgeted production levels at its kanmantoo copper / gold mine
* Range of measures are being implemented to reduce costs and generate proceeds from asset sales
* Has begun discussions to seek assistance to ensure the company can bridge any cashflow gaps this year and into 2017.
* "Copper and gold production is now forecast to be lower in cy16"
* Source text for Eikon ID:nASX6qwYg3
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