Larvotto Resources Limited · ASX:LRV
Larvotto Resources — Noosa Mining Conference 2025
20 slides from Larvotto Resources's conference presentation, Jul 24, 2025
Slide 1: Hillgrove Antimony-Gold Project
Hillgrove Antimony-Gold Project For personal use only NOOSA MINING CONFERENCE July 2025 Establishing concurrent Antimony and Gold development in NSW ASX:LRV 1 NOOSA MINING CONFERENCE PRESENTATION | JULY 2025 | ASX: LRV
Slide 2: Antimony – Strategic & Critical
Antimony – Strategic & Critical Use of Antimony • Solar panels • High-tech sector, semi- For personal use only conductors • Defence applications • High-tech sector, semi- • Lithium-ion batteries • Fire-retardant Larvotto Resources conductors is set to produce Critical Minerals List: Australia, US, U
Slide 3: Hillgrove Antimony & Gold Project
Hillgrove Antimony & Gold Project 2023 • Acquisition of Hillgrove Project For personal use only – Cost $8M ($5M bond) – Antimony price <$10,000/t, Gold ~US$2,000/oz 2024 • Exploration to increase Resource commenced • PFS released1 – Maiden Ore Reserve of 606oz AuEq @ 6.0g/t AuEq – Resource 1.7Moz Au
Slide 4: Debt Financing Secured
Debt Financing Secured For personal use only US$105M Senior Secured Bond Supported by Australian and international funds Funds applied to expansion and restart of Hillgrove 5 NOOSA MINING CONFERENCE PRESENTATION | JULY 2025 | ASX: LRV
Slide 5: Site Map
Hillgrove Site Map Ore Handling Infrastructure Road and Stockpile Pads for For personal use only 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 Support Building Lo
Slide 6: Key Attributes
Hillgrove Key Attributes Australia’s largest antimony deposit, Top 10 globally For personal use only • Maiden Ore Reserve of 606oz AuEq @ 6.0g/t AuEq6 • Resource 1.7Moz AuEq @ 7.4g/t AuEq6 • >$200M spent on underground infrastructure and equipment in place • Operational processing plant on care and
Slide 7: Definitive Feasibility Study
Definitive Feasibility Study DFS confirms Hillgrove as a technically robust, high-margin critical minerals project7 For personal use only • LOM of 8 years with production from underground and • Project Payback 11 months open-pit • Exploration potential to increase mine life • Average 80.4koz AuEq pa
Slide 8: Compelling DFS delivered
Compelling DFS delivered DFS delivers robust financials with significant upside at spot price of antimony and gold8 Key Project Economics $AUD For personal use only • Hillgrove Mines expected to supply 7% of global antimony Item Base Mid Spot requirements NPV (post-tax 8%) $280M $694M 1,269M • DFS o
Slide 9: 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 10: Offtake and Financing
Offtake and Financing For personal use only Wogen offtake for Antimony concentrate Advanced financing discussions Strong financial position - A$34M 11 NOOSA MINING CONFERENCE PRESENTATION | JULY 2025 | ASX: LRV
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 Nick Longmire B.Eng.(Mining), FAusIMM B.App.Sc, MAusIMM B.A, B.App.Sc (Hons), M.Ed, Chief Financial Officer DipESG, MAPS, MASH, MAICD Non-Executive
Slide 12: Corporate Overview
Corporate Overview Corporate Structure Corporate Structure 3% For personal use only 36% Shares on Issue 411,229,133 15% Board & Management Gage Unlisted Options exercisable @ 0.30 1,965,444 1832 Asset Management 9% Performance Rights 18,041,950 Top 40 Shareholders Other Share price (22 July 2025) $0
Slide 13: Development Path
Hillgrove – Development Path For personal use only Complete Complete Definitive Pre-Feasibility Plant Upgrade Metallurgy Feasibility Study Study Study Study Final Commence Project Investment Upgrade and Finance Decision Mining 15 NOOSA MINING CONFERENCE PRESENTATION | JULY 2025 | ASX: LRV
Slide 14: Definitive Feasibility Study
Definitive Feasibility Study 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 from processing, exploration
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 Estimate10 AuEq Cont. Tonnes Au Grade Sb Grade Cont. Sb Cont. AuEq Classification Grade Au (mt) (
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 Resource11 Tonnes Au Grade Sb Grade AuEq Grade
Slide 17: 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 19 NOOSA MINING CONFERENCE PRESENTATION | JULY 2025 | ASX: LRV
Slide 18: 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 a processing facility to produce go
Slide 19: Cautionary Statement
Cautionary Statement Nature of this document: This investor presentation (Presentation) is dated 8 May 2025 and has been prepared Accordingly, readers are cautioned not to place undue reliance on forward-looking statements. Relevant factors and authorised by Larvotto Resources Limited (ACN 645 596 2
Slide 20: Disclaimer and Important Notices (Cont.)
Disclaimer and Important Notices (Cont.) estimates in the relevant market announcements continue to apply and have not materially changed. The Company Competent Persons Statement confirms that the form and context in which the Competent Person’s findings are presented have not been Mineral Resource