Larvotto Resources Limited · ASX:LRV
Larvotto Resources — RIU Sydney Resources Roundup (May 2025)
19 slides from Larvotto Resources's conference presentation, May 8, 2025
Slide 1: Hillgrove Antimony-Gold Project Definitive Feasibility Study
Hillgrove Antimony-Gold Project For personal use only DEFINITIVE FEASIBILITY STUDY MAY 2025 Establishing concurrent Antimony and Gold development in NSW ASX:LRV
Slide 2: Hillgrove Antimony & Gold Project
Hillgrove Antimony & Gold Project • December 2023 acquisition of Hillgrove Project Dual Exploration & Development – Cost $8m ($5m bond) Focus For personal use only – Antimony price <$10,000/t, Gold ~US$2,000/oz • May 2024 - Spectacular exploration result1 – 31m @ 65.8g/t Au • June 2024 - Exploration
Slide 3: Definitive Feasibility Study
Definitive Feasibility Study DFS confirms Hillgrove as a technically robust, Using mid-pricing scenario high-margin critical minerals project6 Gold – US$2,850/oz, Antimony US$41,000/t For personal use only • LOM of 8 years with production from underground and open-pit Dual $251M pa • Average 80.4koz
Slide 4: Compelling DFS delivered
Compelling DFS delivered DFS delivers robust financials with significant Key Project Economics $AUD upside at spot price of antimony and gold7 Item Base Mid Spot • Hillgrove Mines expected to supply 7% of global antimony For personal use only requirements NPV (post-tax 8%) $280M $694M 1,269M • DFS o
Slide 5: Site Map
Hillgrove Site Map For personal use only Ore Handling Infrastructure Road and Stockpile Pads for Initial Mining Areas Processing Plant 500ktpa capacity to produce Gravity Au Doré Sb & Au Concentrates Water Treatment MF/RO to treat for permitted discharge Maintenance & Concentrate loading Support Bui
Slide 6: Antimony & Gold Project Overview
Hillgrove Antimony & Gold Project Overview • Australia’s largest antimony deposit, Top 10 globally Dual Exploration & Development • >$200M spent on underground infrastructure and Fous For personal use only equipment in place • Operational processing plant on care and maintenance • Acquisition of Ech
Slide 7: Antimony – Strategic & Critical
Antimony – Strategic & Critical Uses of Antimony • Solar panels For personal use only • Defence applications • High-tech sector, semi-conductors • Lithium-ion batteries • Fire-retardant Antimony is critical to energy transition Critical Minerals List: Larvotto Resources is Australia, US, UK, EU, Jap
Slide 8: Exploration Upside
Hillgrove Exploration Upside Significant untested antimony mineralisation • Extensive antimony-rich zones identified from surface For personal use only • Over 20km of strike in multiple zones • Limited historical surface drilling (high antimony) • Gold focus • Mining targeted areas accessible from t
Slide 9: Offtake and Financing
Offtake and Financing Wogen offtake for For personal use only Antimony concentrate Advanced financing discussions Strong financial position - A$34M 10 DEFINITIVE FEASIBILITY STUDY PRESENTATION | MAY 2025 | ASX: LRV
Slide 10: Corporate Overview
Corporate Overview Corporate Structure Major Shareholders Our Projects 3% 36% 15% Mt Isa, QLD For personal use only Shares on Issue 411,229,133 Copper, Gold & Cobalt Project ~ 900km2 Unlisted Options exercisable @ 0.30 1,965,444 Performance Rights 18,041,950 9% Share price (6 May 2025) $0.865 Market
Slide 11: Board and Management
Board and Management Board of Directors Management For personal use only Sonja Neame Chief Operating Officer Mark Tomlinson Ron Heeks Rachelle Domansky B.Eng.(Mining), FAusIMM B.App.Sc, MAusIMM B.A, B.App.Sc (Hons), M.Ed, DipESG, MAPS, MASH, MAICD Nick Longmire Chief Financial Officer Non-Executive
Slide 12: Development Path
Hillgrove – Development Path For personal use only Complete Complete Commence Plant Project Metallurgy Upgrade Upgrade Finance Study and Mining Study Pre- Definitive Final Feasibility Feasibility Investment Study Study Decision 13 DEFINITIVE FEASIBILITY STUDY PRESENTATION | MAY 2025 | ASX: LRV
Slide 13: Key Takeaways – Globally Significant Antimony Producer
Key Takeaways – Globally Significant Antimony Producer Bringing Australia’s largest antimony project into production in Q2 2026 For personal use only • DFS details Hillgrove Antimony and Gold Project to be: – Strong margins and rapid payback – Significant uplift using spot prices • Upside to DFS fro
Slide 14: Contact Us
For personal use only Contact Us Suite 1, 88 Broadway Nedlands WA 6009 PO Box 3114, Nedlands WA 6009 T: (08) 6373 0112 E: info@larvottoresources.com W: www.larvottoresources.com ASX:LRV
Slide 15: JORC Ore Reserve Estimate
JORC Ore Reserve Estimate Technically and economically viable high-grade project demonstrating low opex and significant high-margin production target profile For personal use only JORC 2012 Ore Reserve Estimate8 Au Sb AuEq Cont. Tonnes Cont. Sb Cont. AuEq Classification Grade Grade Grade Au (mt) (kt
Slide 16: Mineral Resource Estimate
Hillgrove Mineral Resource Estimate The additional exploration upside potential of the Hillgrove mineralisation was highlighted in the recent release of the Exploration Target of between 0.67 Moz and 1.08 Moz AuEq For personal use only JORC 2012 Mineral Resource9 Tonnes Au Grade Sb Grade AuEq Grade
Slide 17: Cautionary Statement
Cautionary Statement Based on technical and economic studies, the Definitive Feasibility Study referred to in the DFS Summary Report examines the potential of developing the Hillgrove Antimony-Gold Mine by constructing open cut and underground mines and expanding For personal use only a processing f
Slide 18: Disclaimer and Important Notices
Disclaimer and Important Notices Nature of this document: This investor presentation (Presentation) is dated 8 May 2025 and has been performance, results and achievements in future periods to differ materially from any express or implied estimates prepared and authorised by Larvotto Resources Limite
Slide 19: Disclaimer and Important Notices (Cont.)
Disclaimer and Important Notices (Cont.) Competent Persons Statement Mineral Resource Estimate Mr Varvari has sufficient experience relevant to the style of mineralisation and type of deposit under The information in this report that relates to estimation and reporting of the Eleanora and Garibaldi
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