Larvotto Resources Limited · ASX:LRV
Larvotto Resources — Sydney Mining Club April 2025
27 slides from Larvotto Resources's conference presentation, Apr 3, 2025
Slide 1: Hillgrove Antimony-Gold Project
SYDNEY MINING CLUB – APRIL 2025 For personal use only Hillgrove Antimony-Gold Project Establishing concurrent Antimony and Gold development in NSW ASX:LRV
Slide 2: For personal use only
For personal use only 2 SYDNEY MINING CLUB | APRIL 2025 | ASX: LRV
Slide 3: Investment Case
Investment Case Australia's largest Antimony (Sb) Deposit: One of the World's Top 8 Also contains High Grade Gold : 1.78 Moz AuEq Mineral Resource1 For personal use only Supply 7% of World Antimony Dual Record Prices requirements from 2026 Focus USD$60,000 / tonne Sb USD$3,100oz Au Spot: NPV (pre-ta
Slide 4: Gold Price
Gold Price – 15 months For personal use only 4 SYDNEY MINING CLUB | APRIL 2025 | ASX: LRV
Slide 5: Antimony & Gold Price
Antimony & Gold Price – 15 months For personal use only 5 SYDNEY MINING CLUB | APRIL 2025 | ASX: LRV
Slide 6: Antimony, Gold & Larvotto Share Price
Antimony, Gold & Larvotto Share Price For personal use only 6 SYDNEY MINING CLUB | APRIL 2025 | ASX: LRV
Slide 7: Hillgrove – World Class Antimony & Gold Project
Hillgrove – World Class Antimony & Gold Project At Current Gold & Antimony Prices Strong Financial Position to NPV~$800M (post-tax) Dual 1. Advance Development For personal use only Pay back – 7 months Focus 2. Resource Expansion Cost Effective Location - Armidale Significant Surface & Below Ground
Slide 8: Corporate Overview
Corporate Overview Corporate Structure Major Shareholders Our Projects 3% 38% Mt Isa, QLD 16% For personal use only Shares on Issue 410,779,118 Copper, Gold & Cobalt Project ~ 900km2 Unlisted Options exercisable @ 0.30 2,415,459 Performance Rights 18,041,950 7% Share price (28 March 2025) $1.00 Mark
Slide 9: 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.A, B.App.Sc (Hons), M.Ed, DipESG, B.Eng.(Mining), FAusIMM B.App.Sc, MAusIMM MAPS, MASH, MAICD Nick Longmire Chief Financial Officer Non-Executive
Slide 10: 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 11: Hillgrove 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 12: Compelling PFS delivered
Compelling PFS delivered PFS delivers robust financials with significant Key Project Economics $AUD upside at spot price of antimony and gold6 Item Base Spot • Average 80.4koz AuEq over LOM of 7 years For personal use only NPV (pre-tax 8%) and IRR% $261M and 80% $1,196M and 360% • Capex of $73M NPV
Slide 13: Hillgrove – 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 SYDNEY MINING CLUB | APRIL 2025 | ASX: LRV
Slide 14: Offtake and Financing
Offtake and Financing Wogen offtake for For personal use only Antimony concentrate Financing Discussions Strong financial position - A$35M 14 SYDNEY MINING CLUB | APRIL 2025 | ASX: LRV
Slide 15: Finalising Definitive Feasibility Study
Finalising Definitive Feasibility Study Increase mine life & For personal use only grade Optimising metallurgical test work & advancing permitting Increase in gold & antimony price 15 SYDNEY MINING CLUB | APRIL 2025 | ASX: LRV
Slide 16: Hillgrove Antimony & Gold Project Overview
Hillgrove Antimony & Gold Project Overview Establishing concurrent antimony and gold development in NSW Dual Exploration & Development • Australia’s largest antimony deposit, Top 10 globally Focus For personal use only • Record commodity price - antimony US$55,000/t, gold US$3,000/oz • >$200M spent
Slide 17: Significant Exploration Upside
Significant Exploration Upside Over 200 known deposits and occurrences on Larvotto's Hillgrove leases For personal use only Current Mineral High-grade Resource intercepts include: with ore exposed. BKC012 Decline 3.5m @ 9.55g/t Au including in-place. 0.5m @ 49.6g/t Au BKC013 13.1m @ 3.61g/t Au inclu
Slide 18: Exploration Target – Significant Upside
Exploration Target – Significant Upside Exploration target located directly below areas of current resources 11 For personal use only Blacklode Mine Eleanora Garibaldi Sunlight Under-explored Mine Mine Mine zone of interest Brackins Spur Long Section showing the mineral target at depth below the Ele
Slide 19: Mineralised Structures at Hillgrove
Mineralised Structures at Hillgrove Significant untested antimony mineralisation • Extensive antimony-rich zones identified from For personal use only surface • Over 20km of strike in multiple zones • Limited historical surface drilling (high antimony) • Gold focus • Mining targeted areas accessible
Slide 20: Exploration in Tandem with Development
Exploration in Tandem with Development Multiple ongoing drill programs For personal use only Bakers Creek • Follow-up previous high-grade intercepts12 including: • BKC015 31m @ 65.8g/t Au; including 5.3m @ 220g/t from 245.0m; and Clarks Gully • Current Mineral Resources of 266kt @ 10.6% AuEq13 • Bes
Slide 21: Key Takeaways – Globally Significant Antimony Producer
Key Takeaways – Globally Significant Antimony Producer Larvotto set to commence production in early 2026 • Australia's largest antimony project For personal use only • 8th largest antimony deposit in the world • Antimony concentrate offtake with Wogen Resources • PFS details Hillgrove Antimony and G
Slide 22: 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 TGAT:K6X
Slide 23: 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 Estimate12 Au Sb AuEq Cont. Tonnes Cont. Sb Cont. AuEq Classification Grade Grade Grade Au (mt) (k
Slide 24: Hillgrove 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 Resource13 Tonnes Au Grade Sb Grade AuEq Grade
Slide 25: Cautionary Statement
Cautionary Statement Based on preliminary technical and economic studies, the Prefeasibility Study referred to in this announcement examines the potential of developing the For personal use only Hillgrove Gold-Antimony Mine by constructing open cut and underground mines and expanding a processing fa
Slide 26: Disclaimer and Important Notices
Disclaimer and Important Notices Nature of this document: This investor presentation (Presentation) is dated 25 March 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 Lim
Slide 27: Disclaimer and Important Notices (Cont.)
Disclaimer and Important Notices (Cont.) Competent Persons Statement For personal use only Exploration Results: The information in this presentation that relates to exploration targets and exploration ‘Australasian Code for Reporting and Exploration Results, Mineral Resources and Ore Reserves’. Mr C