Larvotto Resources (LRV) Noosa Mining Conference 2026 summary

Strategic progress and project updates

• Hillgrove project acquired at end of 2023, now central to operations and focus of current development, with staged commissioning of the processing facility underway and ore stockpiles building from the Metz underground mine.

• Plans to produce gold, antimony, and soon tungsten from Hillgrove, with copper production targeted from Mount Isa within 12 months.

• By end of August 2026, production at Hillgrove will commence, targeting status as Australia’s largest antimony producer and marking a major milestone for the company and region.

• Market cap exceeds AUD 597.2 million, with AUD 81.7 million cash on hand and debt of AUD 92.0 million as of March 2026, supporting ongoing development.

• US Antimony attempted a takeover at AUD 750 million but was unsuccessful; antimony now recognized as a critical mineral.

Market trends and operational environment

• Commodity prices, especially for gold, antimony, tungsten, and copper, have risen significantly since project acquisition, benefiting the company.

• Antimony demand is driven by solar panel manufacturing, with supply shortages filled by artisanal mining, expected to decline.

• Western governments are prioritizing secure antimony supply, with Australia launching a $1.2 billion Critical Mineral Reserve Strategy.

• Engagement with multiple governments has increased, aided by strategic advisors with defense and government relations backgrounds.

• Focus on value-adding, aiming to produce antimony metal for AUKUS security and other strategic reasons.

Technical advancements and exploration

• Hillgrove plant commissioning underway, with dry stack tailings facility using world-leading technology.

• Resource base includes 1.7 million ounces at 7.5 g/t AuEq, with over 2 million ounces in exploration targets and significant upside at Metz and Midas Lode.

• Mining underway at Syndicate Zone, with significant potential in the newly discovered Midas Zone.

• Ongoing drilling and exploration expected to yield resource and reserve upgrades soon.

• Advanced core yard with laser ablation scanner positions the company at the forefront of mineralogy and exploration technology.