Larvotto Resources Limited’s March 2025 Update: $34.4M Cash Reserve, DFS Breakthroughs & Strong Drill Results Amid Record Antimony Prices
Wednesday, April 30, 2025
at
6:07 pm
Larvotto Resources Limited propels its Hillgrove Gold-Antimony Project forward with an updated feasibility study, robust drilling results, and strategic equipment investments. A solid $34.4M cash balance and key operational enhancements position the company to capture gains from rising gold and antimony prices.
Larvotto Resources Limited has advanced its Hillgrove Antimony-Gold Project in New South Wales with a host of positive operational and corporate developments. The company completed key technical work for its Definitive Feasibility Study, incorporating engineering modifications to shift from a wet tailings storage facility to an environmentally superior dry stack system. This change is set to improve water recovery, reduce environmental impact, and streamline the permitting process, despite slightly higher pre-production capital costs. The DFS now also reflects enhancements aimed at maximizing metal recovery, including upgrades worth $11 million that boost processing capacity to 500,000 tonnes per annum.
The announcement highlights significant exploration progress, with active drilling at both Bakers Creek and the Eleanora-Garibaldi deposit. Notable drill intercepts, such as an 8.3-meter section at approximately 10.39 g/t gold equivalent at Bakers Creek, reinforce prospects for high-grade mineralisation. At Eleanora-Garibaldi, the program confirmed multiple high-grade zones and extended known mineralisation by over 120 meters, further de-risking future operations. Additional geophysical trials, including an Induced Polarisation survey at Clarks Gully, are underway to explore near-surface antimony-rich targets.
Financially, Larvotto is in a strong position with a cash balance of $34.4 million and inclusion in the S&P Dow Jones All Ordinaries Index, adding credibility in the investment community. The company has also taken steps to support operational readiness—authorising a $2.5 million deposit for long lead time equipment and acquiring a nearby accommodation facility to support its expanding workforce at the Hillgrove project. Senior appointments in exploration management further underline the commitment to driving growth and resource development.
Bullish sentiment is supported by the DFS nearing completion with improved technical and economic parameters, strong drilling results that underscore the high-grade potential, and a robust cash position. The market for antimony is also favorable, driven by recent export restrictions from China and record-high prices exceeding $60,000 per tonne, positioning Larvotto as a key future supplier in the Western world. On the other hand, bearish concerns may arise from accelerated pre-production capital expenditure due to the switch to dry stacking tailings and the inherent risks in further exploration and development stages. Overall, the company’s progress in refining project parameters and advancing exploration reflects mixed yet promising prospects for investors.