Larvotto Starts Hillgrove Output, Targets 4,900t Antimony
Larvotto Resources begins gold and antimony production at Hillgrove, securing offtake deals with Glencore and Wogen to supply key minerals.
Key points
- Larvotto Resources begins gold and antimony concentrate production at the Hillgrove mine in New South Wales.
- The site is expected to produce 4,900 tonnes of antimony and 40,500 ounces of gold annually over eight years.
- Binding offtake agreements with Glencore and Wogen Resources secure market access for the initial output.
Larvotto Resources (ASX: LRV) has commenced commercial production of gold and antimony concentrates at its Hillgrove mine in New South Wales. The company has finalized binding offtake agreements to sell its output to Glencore and Wogen Resources, establishing a direct pipeline into global commodity markets.
This operational milestone follows the successful commissioning of the flotation circuit and concentrate filter presses. By securing these contracts, Larvotto transitions from project development to active revenue generation, positioning Hillgrove as a significant new source of critical minerals in the Western supply chain.
Hillgrove Output Meets Global Demand
The mine is projected to yield approximately 4,900 tonnes of antimony and 40,500 ounces of gold annually over an initial eight-year life. According to Mining.com, this volume represents roughly 7% of global antimony requirements, addressing tight supply conditions and strategic demand from industrial and defense sectors.
Offtake Deals Secure Revenue Streams
Managing Director Ron Heeks confirmed that the company has locked in binding agreements with Wogen Resources for antimony and Glencore for gold concentrate. These partnerships provide Larvotto with established access to global supply chains, mitigating market entry risks and ensuring a guaranteed buyer for the initial production phase.
Ramp-up Targets Nameplate Capacity
Larvotto is now focused on scaling operations to meet nameplate capacity while exploring options to extend the mine life beyond the initial eight years. The company aims to transform Hillgrove into a multi-decade critical minerals operation, leveraging the dual-commodity profile to sustain long-term cash flows.
