Larvotto Resources
Primary ticker: ASX: LRV FRA:K6X
Stage of development: Development
Primary minerals: Antimony & Gold & Copper
Project to promote: Hillgrove Antimony-Gold Project
Project location: Australia
Website: www.larvottoresources.com
Larvotto’s Hillgrove Project hosts Australian’s largest antimony with a MRE of 1.7M oz AuEq @ 7.4g/t AuEq. Larvotto delivered a compelling PFS in August 2024 which highlighted the financial and near-term gold and antimony development potential of the project targeting >80koz AuEq annual production to commence by early 2026, producing 7% of global antimony supply.
Cash: AUD >$35M
Debt: NIL
Major shareholders:
Gage Capital 21.7%
Urion Holdings 10.9%
Management ownership – 3%
Financials
Management Profile
RON HEEKS – Managing Director
Mr Ron Heeks, Managing Director of Larvotto Resources, brings over 35 years of mining and exploration experience to the company. A qualified geologist, he has held senior executive and technical roles with major global miners, including Western Mining Corporation and Newmont. Ron is a former MD of Geopacific Resources, where he led successful exploration and development projects in Southeast Asia and the Pacific. With extensive expertise in gold, copper, and critical minerals, he has a strong track record of advancing projects from discovery to production.
What is your rationale for taking part in 121 Mining Investment?
Institutional investor, offtake partners, general investors
What recent news would you like to highlight to investors attending?
2024 Highlights – Bakers Creek drilling – 35m @ 65.8g/t Au; delivered compelling PFS, upgraded resources to 1.7M oz @ 7.4g/t AuEq, announced Exploration Target up to a further 1.08M oz AuEq, completed an antimony offtake agreement and $30m capital raise
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Release a DFS, metallurgical testing and ongoing exploration
6 Months:
FID, Financing and commencement of mining
12 Months:
Pre-production
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Normal mining risk but DFS derisked due to infrastructure in place and demand for gold and antimony
What do you think makes your company such a compelling investment?
High-grade gold and antimony deposit, >$200M worth of infrastructure in place
What are the top 3 key investor takeaways?
Right Commodities – Antimony & Gold, Existing infrastructure and permits in place in Tier-1 jurisdiction of Australia, set to produce 7% of global supply of antimony