Larvotto Resources (LRV) Diggers & Dealers Mining Forum 2026 summary

Strategic developments and project milestones

• Commissioning of the second and largest antimony operation in Australia, targeting over 7% of global supply, with production starting August 2026 and strong cash flow expected from gold, antimony, and tungsten.

• Hillgrove project includes gold, antimony, and tungsten, with tungsten concentrate to be produced soon; tungsten and antimony prices have surged since acquisition.

• Rapid project advancement: acquired Hillgrove in 2023, completed PFS and DFS in nine months each, and moved to production within two and a half years.

• Financing secured through a unique bond structure, with strong offtake agreements for gold and antimony; ESG credentials recognized by industry awards.

• Strategic advisors with high-level government and industry experience appointed to support global engagement and growth, with strong relationships with Australian, US, EU, Japanese, and Taiwanese governments.

Project portfolio and operational progress

• The Hillgrove Antimony-Gold Project in NSW is in commissioning, with a JORC resource of 1.7Moz AuEq at 7.4g/t AuEq and production commencing August 2026.

• Hillgrove will produce 7% of global antimony demand, targeting 40,500 oz gold and 4,900 t antimony annually, with strong commodity price tailwinds.

• The Mt Isa Copper Project in QLD, with over 1,000km² tenure, is advancing with the acquisition of the Blockade Mine and validated high-grade copper intersections.

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

• Existing infrastructure and proximity to Armidale support reduced development risk and a local workforce strategy focused on community engagement.

Exploration and growth potential

• Extensive exploration underway at Hillgrove, with new high-grade gold and antimony zones identified and four rigs active.

• Hillgrove has 255 km² of exploration tenure and 14.5 km² of granted production licences, supporting multi-decade mine life and production optionality.

• Significant exploration targets at Metz and Midas Lode, with potential for 670,000–1.08M oz AuEq and 223,000–2.95M oz AuEq, respectively.

• Over 200 known deposits and occurrences on Hillgrove leases, with high-grade intercepts and largely untested upside.

• Additional 1,000 sq km of ground in Mount Isa region, including recent acquisition of the Blockade Mine, with plans to start mining soon.