Larvotto Resources (LRV) investor relations material

Key project developments

• Commissioning of the Hillgrove gold, antimony, and tungsten mine is underway, with production commencing August 2026 and expected to supply over 7% of global antimony demand, making it one of the largest producers outside China.

• The operation is part of the AUD 1.2 billion Critical Minerals Reserve, with antimony prioritized by Western governments and strong relationships established with Australian, US, EU, Japanese, and Taiwanese governments.

• Recent acquisition of the Blockade Mine near Mount Isa expands the exploration footprint and project portfolio.

• The company leverages existing infrastructure and a local workforce strategy to reduce development risk and support community engagement.

• The Eyre WA project provides exposure to lithium, rare earths, nickel, gold, copper, platinum, and chromium.

Financial and operational highlights

• Strong cash flows are anticipated from gold, antimony, and tungsten, with robust commodity prices and early cash flow profile supporting strong margins.

• Project financing was secured through a unique bond structure, totaling US $105 million, with $150M debt and $70M equity raised post-DFS.

• As of July 2026, market cap is $581.6M, with $87.9M cash, $152.9M debt, and an enterprise value of $646.6M; share price rose from AUD 0.07 to AUD 1.12 since asset acquisition.

• Offtake agreements are in place for gold and antimony with Wogen and Glencore; tungsten offtake is pending.

• All employees are shareholders, with shares vesting after two years as a retention incentive.

Technical and strategic advancements

• Advanced mineral analysis technology is used, including a AUD 2 million laser ablation core scanner.

• The technical team manages most project aspects in-house, supporting rapid progress.

• The company has established high-level relationships with governments and strategic advisors.

• ESG performance is recognized, having been runner-up in the AMEC environmental awards.

• Board and management have over 250 years of combined experience and extensive mining, finance, and ESG expertise.