Highlights
Larvotto Resources begins fixed income investor discussions for proposed bond
Proceeds expected to fund Hillgrove Antimony-Gold Project restart
Company continues to advance key copper, gold, cobalt, and lithium projects
Larvotto Resources Ltd (ASX:LRV), an exploration and development firm listed on the ASX 300, has engaged Clarksons Securities to coordinate a series of fixed income investor calls. The initiative aims to support financing strategies for its Hillgrove Antimony and Gold Project located in New South Wales. The virtual meetings are scheduled to commence mid-July, as the company aligns funding efforts with its broader operational roadmap.
The bond under consideration is expected to be a senior secured instrument with a multi-year tenor. According to the company, the success of the issue will depend on external factors including market dynamics.
Hillgrove Restart Backed by Formal State Ratification
A critical milestone was achieved recently when the New South Wales Department of Planning, Housing and Infrastructure formally ratified Modification 6 (DA98/35-Mod-6), permitting Larvotto to continue mining and processing operations at the Hillgrove site. This regulatory greenlight is essential for unlocking further funding, positioning the project for a restart timeline aimed at the following year.
The company has cited its updated cash position and equity sources as part of its financing base, with the proposed bond issuance forming a cornerstone of its capital structure to support restart expenditures.
Diversified Project Pipeline Beyond Hillgrove
In addition to Hillgrove, Larvotto maintains a diversified portfolio of critical and precious metals projects. These include the Mt Isa copper, gold, and cobalt asset, strategically located near the Mt Isa township in Queensland. The project is situated in a well-established mining district known for substantial base metal production.
The Eyre Project in Western Australia adds multi-metal and lithium potential to Larvotto’s footprint, while gold exploration continues at Ohakuri on New Zealand’s North Island. This diversified asset base underscores the company’s approach to resource development across multiple jurisdictions and commodities.
Board Experience Driving Strategic Execution
Larvotto’s board composition reflects a blend of technical, financial, and sustainability expertise. With backgrounds in exploration, project development, ESG compliance, and corporate governance, the leadership team is focused on executing complex projects within evolving regulatory and investment frameworks.
As the bond roadshow progresses, the company continues to prioritise a balance between capital access and asset progression. Its latest steps aim to position Hillgrove as a key global source of antimony, with wider implications for critical mineral supply chains.