Larvotto (ASX:LRV) Hits Key FID Milestone for Hillgrove Development

3 min read | July 31, 2025 06:38 PM AEST | By Team Kalkine Media

Highlights

  • Larvotto Resources advances Hillgrove Project after securing final investment decision

  • Development activities to begin, including plant upgrades and underground works

  • Hillgrove positioned as a strategic source for critical mineral antimony

Australian exploration and development company Larvotto Resources Ltd (ASX:LRV), listed on the ASX 300, has approved major development plans for its Hillgrove Antimony-Gold Project in New South Wales. The company reached a final investment decision to move forward with planned infrastructure works and production activities.

The Hillgrove Project is being positioned to contribute to Australia’s critical minerals production landscape, with a dual focus on antimony and gold. The approval marks a transition from planning to execution for one of Larvotto’s cornerstone projects.

Refurbishment and Site Work to Commence

Funds secured by Larvotto through recent equity and bond initiatives will now be allocated to several development streams across the Hillgrove site. Planned activities include refurbishment of legacy infrastructure, construction of updated processing capabilities, and procurement of necessary mining equipment.

A key part of the development strategy is the commencement of underground mining, supported by already granted leases. The company has access to utilities on site, including a power grid connection and water infrastructure, reducing the lead time for execution.

Eight-Year Mine Life Confirmed by Study

A Definitive Feasibility Study previously conducted by Larvotto confirmed the Hillgrove asset to be technically and economically robust. The project is expected to operate with an initial mine life spanning multiple years, providing concurrent output of both antimony and gold.

The focus remains on fast-tracking construction and upgrades to enable production within the outlined timeline. Larvotto’s development framework is supported by prior operational history and existing infrastructure on site, including a process plant and underground access already in place.

Leadership Highlights National Strategic Role of Hillgrove

Managing Director Ron Heeks emphasised the importance of reaching this development milestone so soon after Larvotto acquired the project. The company views Hillgrove as a strategic contributor to Australia’s role in supplying critical minerals to global markets.

Notably, Hillgrove is set to become one of the few new sources of antimony production outside China in the medium term. The project has received sustained engagement and support from regulatory bodies in New South Wales, underpinning its strategic relevance to the state and national mining agenda.

Frequently Asked Questions

  • What is the focus of Larvotto Resources’ Hillgrove Project?
    The project is focused on dual production of antimony and gold, supporting Australia’s critical minerals sector.
  • When is production at Hillgrove expected to begin?
    Larvotto has outlined a start for concurrent gold and antimony production during the second quarter of calendar year 2026.
  • How is Hillgrove significant to the broader resources sector?
    It is poised to be the only new antimony-producing site outside China in the coming years, adding to Australia’s critical minerals output.

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