Larvotto strikes high-grade jackpot at NSW antimony-gold mine - SMH.com.au

AI desk brief

Larvotto Resources reported a string of high-grade gold-antimony-tungsten intercepts from drilling at its Hillgrove Project in NSW, including 20.5m at 9.4g/t gold equivalent from 199m at Blacklode and 11.2m at 6.7g/t gold equivalent from 63m at the new Echidna Lode. The company says the results expand the mineralised footprint, support resource conversion, and could extend mine life as the operation ramps toward steady-state production.

Management also reiterated Hillgrove’s strategic importance as a critical-minerals source, estimating the project could supply about 7% of global antimony demand and more than half of antimony supply originating outside China-controlled fields. Larvotto said four diamond rigs are active, assays are pending for 17 additional holes, and it is closing in on a maiden resource estimate for Midas Gully while securing multi-year offtake agreements with Wogen and Glencore.