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Larvotto chases early start-up for NSW gold-antimony mine

So, with global markets experiencing an ongoing supply shortage of antimony, Hillgrove has been perfectly positioned to fill a critical gap, while capitalising on the strong pricing environment for both key commodities.

In addition to working on the DFS, the company has also set its sights on expanding its 600,000-ounce gold equivalent resource grading 6 grams per tonne.

A drilling program, which kicked off last month following government permitting delays, has been designed to test the extent of Larvotto’s high-grade Clark Gulley deposit. Hosting 266,000 tonnes going 10.6g/t, the deposit is open in all directions, particularly at depth.

Other drilling targets include a big, untested geochemical anomaly directly south of the deposit, while the company also then intends to do more diamond drilling at Bakers Creek to zero in on the high-grade gold zone that threw out some exceptional intersections when first reported in May.

As the project progresses, Larvotto will soon start financing discussions and plant modifications. Using an experienced in-house team and MIQM’s expertise, the company now has the bit firmly between its teeth as it brings Hillgrove down the home straight to hit the finishing post as one of the biggest antimony suppliers in the world within the next 12 months.

Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au

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  • Source of information and images “brisbanetimes”

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