Larvotto Resources (LRV) Investor presentation summary

Strategic positioning and market context

• Aims to become a leading Western supplier of critical minerals, with a focus on antimony, gold, and tungsten amid record prices and global supply chain concerns.

• Australian government’s $1.2B Critical Mineral Reserve Strategy prioritizes antimony, supporting project economics.

• Set to produce 7% of global antimony supply, benefiting from China’s export controls and high commodity prices.

Hillgrove project overview and development

• Acquired in December 2023, targeting first production by mid-2026 with a high-grade resource of 1.7Moz AuEq at 7.4g/t.

• Underground development underway, with 20km of development planned over four years and key infrastructure re-established.

• Proven ability to advance projects rapidly, with acquisition to development delivered in 2.5 years and $220m in combined debt and equity secured.

Resource base and exploration upside

• JORC 2012 Ore Reserve: 3.01Mt at 3.1g/t Au, 1.2% Sb, 6.6g/t AuEq, totaling 636koz AuEq.

• Mineral Resource: 8.77Mt at 4.0g/t Au, 1.1% Sb, 7.2g/t AuEq, totaling 1.135Moz Au and 96kt Sb.

• Extensive exploration targets with 2.8–3.6Mt at 7.4–9.46g/t AuEq, and over 20km of strike in multiple zones.

• Over 200 known deposits and occurrences, with high-grade intercepts and significant potential at depth and along strike.