Larvotto Starts Hillgrove Gold and Antimony Output
Larvotto Resources has begun producing gold and antimony concentrate at its Hillgrove mine, securing binding offtake deals with Glencore and Wogen Resources.
Key points
- Larvotto Resources has produced first gold and antimony concentrate from the Hillgrove mine in New South Wales.
- The mine is expected to yield 4,900 tonnes of antimony and 40,500 ounces of gold annually over eight years.
- Binding offtake agreements secure sales of antimony to Wogen Resources and gold concentrate to Glencore.
Larvotto Resources has initiated commercial production of gold and antimony concentrate from its Hillgrove mine in New South Wales. The ASX-listed company achieved this milestone following the completion of a redevelopment and plant upgrade program designed to meet global best practice standards.
According to Mining Weekly, the commissioning of the flotation circuit and concentrate filter presses marks the transition from construction to operational delivery. This step enables the company to fulfill its binding offtake agreements, establishing Hillgrove as a new source of critical minerals in the Western market.
Projected Annual Output Volumes
The mine is designed to generate approximately 4,900 tonnes of antimony and 40,500 ounces of gold annually. These production targets are sustained over an initial eight-year mine life, reflecting the resource base identified during the redevelopment phase.
Management indicates that the current phase focuses on ramping up to nameplate capacity. The goal is to stabilize operations and position the site as a multi-decade critical minerals operation, supporting growing government demand for secure antimony supply chains.
Secured Offtake Partnerships
Larvotto has locked in binding offtake agreements for both primary commodities. The antimony concentrate will be sold to Wogen Resources, while the gold concentrate is committed to Glencore. These partnerships provide direct access to established global commodity markets and supply networks.
Managing Director Ron Heeks stated that these agreements are critical for ensuring stable revenue streams. By securing buyers before full production, the company mitigates market volatility risks and guarantees a destination for its output.
Operational Transition Status
The production of first concentrate is the latest in a series of milestones achieved at Hillgrove. The company is now in the delivery phase of its commercial agreements, moving from commissioning to steady-state operations.
Heeks emphasized that the primary focus remains on achieving full nameplate capacity. This phase is essential for validating the economic model and confirming the mine's long-term viability as a strategic asset.
