Larvotto Resources (ASX LRV) has approved $11M in orders for long lead-time equipment for its Hillgrove Antimony-Gold Project in NSW.
$2.5 million was paid upfront to lock in supply and avoid delays to keep the project on track for its planned 2026 production start.
The equipment will increase processing plant capacity to 500,000 tonnes per annum and support key upgrades identified during the company’s Definitive Feasibility Study (DFS). These include the addition of fine grinding tower mills and two free gold recovery circuits.
The upgrades are designed to improve metal recovery rates, which have become increasingly valuable as gold and antimony prices surge to over US$3,200/oz and US$60,000/t respectively.
According to Managing Director Ron Heeks, “In this environment of high commodity prices, extracting the maximum value from the ore adds significantly to the project financials and ultimate success.” The improved recovery strategy focuses on capturing more metal rather than producing higher concentrate grades—an approach that could significantly increase mine life revenue.
The DFS’s technical studies are now complete, with the final report in progress. Larvotto says it has identified meaningful improvements during the study, including changes to the processing flowsheet and tailings strategy.
Operational efficiency is also being enhanced through practical site modifications. For example, relocating concentrate drying filters to the truck loading area will remove 56,000 forklift trips annually, improving safety and cutting costs.
Hillgrove “Community” Hub Opens
On April 15, Larvotto opened the Hillgrove Hub, a new community and recruitment centre in Armidale, NSW. The hub will help to connect LRV with local residents and support local hiring efforts.
Exploration at Hillgrove is also ramping up, with four drill rigs now operating in double shifts.
Larvotto has a market capitalisation of approximately A$370M at 9 cents per share.
For further details on LRV ASX, see its overview page here.
