Larvotto rolls out first concentrate from NSW antimony-gold mine - SMH.com.au

AI desk brief

Larvotto says its refurbished Hillgrove mine in NSW has produced first saleable antimony-gold concentrate after commissioning the flotation and filter-press circuit, putting it on track to start deliveries under binding offtake deals with Wogen Resources for antimony and Glencore for gold. The project is forecast to produce 4,900t of antimony and 40,500oz of gold per year over an initial eight-year mine life, with Hillgrove carrying 1.7Moz of gold equivalent at 7.4g/t.

Management also highlighted follow-on exploration upside at the Midas lode, where a midpoint target of 3.95Mt at 5.16g/t gold equivalent would contain 656,000oz gold, plus a high-grade 8m intersection grading 16.11g/t gold equivalent. The restart is framed against tighter antimony supply chains outside China and gold prices holding above A$6,000/oz, which supports the economics of the new producer.