Larvotto Resources appoints MACA Interquip Mintrex as Study Managers

Larvotto Resources Limited (ASX:LRV) has appointed MACA Interquip Mintrex (MIQM) as the Study Manager for the Definitive Feasibility Study (DFS) for the Hillgrove Gold-Antimony Project. The DFS completion is targeted for early Q1 2025, with an advanced timeline made possible by the significant infrastructure already in place at the Hillgrove site.

Larvotto Managing Director's Comment on Hillgrove DFS Appointment

The Larvotto team is looking forward to working with MIQM on the Hillgrove DFS, an important step in the development of the project. MIQM personnel have already been to site and are well underway in the task of providing the DFS that will allow Larvotto to commence project finance discussions and commence plant modification and mining at Hillgrove. Larvotto is currently targeting first production late 2025 early 2026 at which time it will supply approximately 7% of global antimony production into a market that is heavily undersupplied. Larvotto will also produce a high grade gold concentrate and gold bars. Both gold and antimony are trading at near record highs. As the majority of infrastructure required to commence production is already onsite the DFS will take a considerably shorter time than is typical to complete.

Larvotto Resources' Outlook on Hillgrove DFS and Project Development

Larvotto Resources Limited (ASX:LRV) has appointed MACA Interquip Mintrex as the Study Manager for the Definitive Feasibility Study (DFS) for the Hillgrove Gold-Antimony Project, with the DFS completion targeted for early Q1 2025. The company's Managing Director, Ron Heeks, expressed enthusiasm for the collaboration with MIQM and highlighted the significance of the DFS in advancing the project's development. He emphasized the potential for Larvotto to commence project finance discussions and initiate plant modification and mining at Hillgrove upon completion of the DFS. Additionally, Larvotto aims to achieve first production late 2025 to early 2026, contributing approximately 7% of global antimony production to an undersupplied market. The company also anticipates the production of high-grade gold concentrate and gold bars, leveraging the current near-record high trading prices for gold and antimony. With the majority of infrastructure already in place at the site, Larvotto expects the DFS to be completed in a considerably shorter time than usual, reflecting the company's efficient project development approach.