Larvotto Resources Limited · ASX:LRV
Larvotto Resources — New World Metals Conference 2024
25 slides from Larvotto Resources's conference presentation, Sep 11, 2024
Slide 1: New World Metals Presentation - Amended Presentation
ASX Announcement 11/09/2024 New World Metals Presentation AMENDED PRESENTATION The announcement “New World Metals Presentation”, released on the ASX on 10 September has been For personal use only amended. A cautionary statement, and a more detailed explanation of the basis of the Exploration Target
Slide 2: Forward-looking information and company details
Any forward-looking information contained in this news release is made as of the date of this news release. Except as required under applicable securities legislation, Larvotto does not intend, and does not assume any obligation, to update this forward-looking information. Any forward-looking inform
Slide 3: New World Metals Conference: Hillgrove Gold-Antimony Project
NEW WORLD METALS CONFERENCE September 2024 For personal use only Hillgrove Gold-Antimony Project Establishing Concurrent Gold and Antimony Development in NSW
Slide 4: Cautionary Statement
For personal use only Cautionary Statement Based on preliminary technical and economic studies, the Prefeasibility Study referred to in this announcement examines the potential of developing the Hillgrove Gold-Antimony Mine by constructing open cut and underground mines and expanding a processing fa
Slide 5: Hillgrove Gold & Antimony Project
HILLGROVE, GOLD & ANTIMONY PROJECT ESTABLISHING CONCURRENT GOLD AND ANTIMONY DEVELOPMENT IN NSW For personal use only ► Australia’s largest antimony deposit, Top 10 globally ► Current antimony price circa USD$25,000/t ► Bakers Creek drilling 31m @ 65g/t Au1 ► >$200M spent on underground infrastructu
Slide 6: Hillgrove PFS Highlights
HILLGROVE PFS HIGHLIGHTS PFS DELIVERS ROBUST FINANCIALS WITH SIGNIFICANT UPSIDE AT SPOT PRICE OF GOLD AND ANTIMONY5 For personal use only ► Maiden Ore Reserve 606koz AuEq @ 6.0g/t AuEq KEY PROJECT ECONOMICS ► Average 80.4kz oz AuEq over LOM of 7 years Item Base Spot ► Capex of $73M NPV (pre-tax 8%)
Slide 7: JORC Ore Reserve Estimate
JORC ORE RESERVE ESTIMATE TECHNICALLY AND ECONOMICALLY VIABLE HIGH-GRADE PROJECT DEMONSTRATING LOW OPEX For personal use only AND SIGNIFICANT HIGH-MARGIN PRODUCTION TARGET PROFILE JORC 2012 Ore Reserve Estimate6 Au Sb AuEq Cont. Tonnes Cont. Sb Cont. AuEq Classification Grade Grade Grade Au (kt) (kt
Slide 8: Hillgrove Mineral Resource Estimate
HILLGROVE MINERAL RESOURCE ESTIMATE JORC 2012 Mineral Resources7 For personal use only AuEq Cont. Tonnes Au Grade Sb Grade Cont. Sb Classification Grade Gold (kt) (g/t) % (kt Sb) (g/t) (koz Au) Measured 448 3.6 3.8 12.1 51 17 Indicated 3,980 4.8 1.3 7.7 617 50 Measured & Indicated 4,429 4.7 1.5 8.1
Slide 9: Exploration Target – Significant Upside
EXPLORATION TARGET – SIGNIFICANT UPSIDE ► Exploration target confined to potential mineralisation located directly below areas of current resources For personal use only ► Near-term resources growth within Metz and Eleanora-Garibaldi areas ► Estimate range of potential mineralisation for the Explora
Slide 10: Definitive Feasibility Study Progression
DEFINITIVE FEASIBILITY STUDY PROGRESSION DFS ADVANCED DUE TO EXTENSIVE INFRASTRUCTURE IN PLACE For personal use only ► Development de-risked due to extensive existing surface and underground infrastructure ► DFS focus: • Optimising metallurgical testwork • Advancing permitting ► DFS upside potential
Slide 11: Resources & Geological Overview
RESOURCES & GEOLOGICAL OVERVIEW EXTENSIVE EXPLORATION POTENTIAL ALONG STRIKE FROM EXISTING RESOURCES For personal use only ► Over 15km of untested strike of mineralised trends Historic mining Current Mineral Resource centre with ore exposed. ► Current resources all open at depth Decline in-place (Pu
Slide 12: Current Resource & Upside
CURRENT RESOURCE & UPSIDE SIGNIFICANT EXPLORATION UPSIDE FROM >200 KNOWN DEPOSITS & OCCURRENCES For personal use only Known Au-Sb deposits shown by recent drilling to extend to depth. Orebodies typically gold dominant from 500m. Larvotto believes Bakers Creek could become another Fosterville-type de
Slide 13: Drilling Program
DRILLING PROGRAM CLARKS GULLY DIAMOND DRILLING PROGRAM7 For personal use only ► 56-hole for 5,250m RC drill programme9 ► Designed to infill defined Mineral Resource and test extensions of Clarks Gully ► Current Mineral Resources of 266kt @ 3.8% Sb and 2.0g/t Au ► Best intercepts to date include: • 7
Slide 14: Underground Development Area
UNDERGROUND DEVELOPMENT AREA SYNDICATE OREBODY - MINE READY For personal use only ► Development in-place for mine start10 • 15km underground decline and development drives • Processing plant last run in 2022 ► Significant startup cost risk reduced ► Process plant recovery optimisation progressing we
Slide 15: Hillgrove Mining Areas
HILLGROVE MINING AREAS HILLGROVE MINERAL FIELD SHOWING PAST AND PLANNED MINING AREAS For personal use only ► New Mining areas highlighted as coloured stripes . ► Initial development at Metz area (Syndicate and Sunlight zones) where development decline and drives are in place (dark blue). ► Mining th
Slide 16: Hillgrove – Development Path
HILLGROVE – DEVELOPMENT PATH Complete Metallurgy Study 85% For personal use only Complete Underground Mining Study 75% OVER $200M Complete Plant Upgrade Study 100% INVESTED IN PROCESSING Release Stage 1 Ore Reserve Statement 100% CAPACITY SINCE 2004 Pre-Feasibility Study 100% Definitive Feasibility
Slide 17: Antimony – Strategic & Critical
ANTIMONY – STRATEGIC & CRITICAL USES OF ANTIMONY For personal use only ► Solar panels to increase efficiency ► Defence – ammunition, night-vision goggles, infrared sensors ► High-tech sector – semiconductors, circuit boards, lighting ► Key element in lithium-ion batteries ► Fire-retardant ► Critical
Slide 18: Antimony Market and Movers
ANTIMONY MARKET AND MOVERS SIGNIFICANT INCREASE IN ANTIMONY PRICE For personal use only ► Perpetua Resources Corp. (Nasdaq: PPTA / TSX: ► Southern Cross Gold (ASX: SXG) Sunday Creek PPTA) proposed Stibnite Gold Project is designed to re- Gold-Antimony Project, Victoria establish a U.S. source of ant
Slide 19: Corporate Overview
CORPORATE OVERVIEW Board and Key Personnel Corporate Structure Mark Tomlinson Non-Executive Chair Shares on Issue 309,884,308 For personal use only Ron Heeks Managing Director Listed Options exercisable @ 0.30 14,975,000 Anna Nahajski-Staples Non-Executive Director Unlisted Options exercisable @ 0.3
Slide 20: Board of Directors
BOARD OF DIRECTORS Mark Tomlinson, B.Eng(Mining), FAusIMM | Non-Executive Chair For personal use only Investment Banker and Mining Engineer with over 40 years’ experience in the Australian mining sector. Most recently, Mark was a Corporate Finance Director for over 13 years with Patersons Securities
Slide 21: Key Takeaways
KEY TAKEAWAYS ESTABLISHING CONCURRENT GOLD AND ANTIMONY DEVELOPMENT IN NSW For personal use only ► PFS details Hillgrove Gold and Antimony Project to be: • Mineral Resource of 1.7Moz AuEq @ 7.4g/t AuEq • Forecast annual production of 80,000 AuEq including 5,400tpa Sb • Significantly derisked due to
Slide 22: References
REFERENCES 1. See Announcement ASX: LRV 8 May 2024, High Grade Gold Results at Hillgrove 2. See Announcement ASX: LRV 5 August 2024, Hillgrove Gold-Antimony Project Pre-Feasibllity Study For personal use only 3. See Announcement ASX: LRV 5 August 2024, Hillgrove Gold-Antimony Project Pre-Feasibllity
Slide 23: Disclaimer and Important Notices
DISCLAIMER Disclaimer and Important Notices Nature of this document: This investor presentation (Presentation) is dated 11 September 2024 and has been prepared and authorised by Larvotto Resources Limited (ACN 645 596 238) (Company). For personal use only Unless otherwise stated herein, the informat
Slide 24: Disclaimer and Important Notices continued
DISCLAIMER Disclaimer and Important Notices continued Competent Persons Statement: Exploration Results: The information in this presentation that relates to exploration targets and exploration results is based on information compiled by Mr. Ron Heeks, who is a Member of the Australasian Institute of
Slide 25: Contact us
Contact us For personal use only Suite 1, 88 Broadway Nedlands WA 6009 PO Box 496, Claremont WA 6910 T: (08) 6373 0112 E: info@larvottoresources.com W: www.larvottoresources.com ASX : LRV | TGAT : K6X
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