Slide 1: Hillgrove Antimony-Gold Project
Hillgrove Antimony-Gold Project Establishing Concurrent Antimony and Gold Development in NSW INVESTOR PRESENTATION | OCTOBER 2024 ASX:LRV
Slide 2: Corporate Overview
Corporate Overview Corporate Structure Major Shareholders Our Projects 4% 33% Mt Isa, QLD Shares on Issue 318,177,700 21% Copper, Gold & Cobalt Project ~ 900km2 Listed Options exercisable @ 0.30 14,891,953 Unlisted Options exercisable @ 0.30 19,318,664 Performance Rights 15,148,667 7% Share price (2
Slide 3: Investment Case
Investment Case Antimony and Gold Near Term Production Significant Exploration Upside 3 INVESTOR PRESENTATION | OCTOBER 2024 | ASX: LRV
Slide 4: Antimony – Strategic & Critical
Antimony – Strategic & Critical Uses of Antimony • Solar panels to increase efficiency • Defence – ammunition, night-vision goggles, infrared sensors • High-tech sector, semi-conductors, circuit boards, lighting • Key element in lithium-ion batteries • Fire-retardant • Critical to energy transition
Slide 5: Antimony Market and Movers
Antimony Market and Movers Significant Increase in Antimony Price • Perpetua Resources Corp. • US DoD conditional funding • Southern Cross Gold • Conceptual Exploration Target (Nasdaq: PPTA / TSX: PPTA) up to US$59.4M. (ASX: SXG) Sunday 4.4 - 5.1 million tonnes grading proposed Stibnite Gold Project
Slide 6: Hillgrove Site Map
Hillgrove Site Map 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 Building area Workshops,
Slide 7: Hillgrove Antimony & Gold Project
Hillgrove Antimony & Gold Project Establishing concurrent antimony and gold development in NSW Dual Exploration & • Australia’s largest antimony deposit, Top 10 globally Focus Development • Record commodity price - antimony US$30,000/t, AUD $4,500/t - gold US$2,730/oz, AUD $4,050/oz • >$200M spent o
Slide 8: Hillgrove Future Production
Hillgrove Future Production Antimony & Gold have never been mined at Hillgrove with equal priority Antimony Gold Production Production 40,000 t +280,000 oz **PFS production forecast over initial 7-year Mine Life LRV will be mining Antimony & Gold concurrently to optimise project returns6 8 INVESTOR
Slide 9: Hillgrove – Development Path
Hillgrove – Development Path 100% 100% 85% 50% 25% Complete Pre- Complete Definitive Final Plant Project Commence Feasibility Metallurgy Feasibility Investment Upgrade Finance Mining Study Study Study Decision Study 9 INVESTOR PRESENTATION | OCTOBER 2024 | ASX: LRV
Slide 10: Highlights & Overview
Hillgrove Antimony & Gold Project Highlights & Overview 10 INVESTOR PRESENTATION | OCTOBER 2024 | ASX: LRV
Slide 11: Hillgrove PFS Highlights
Hillgrove PFS Highlights PFS delivers robust financials with significant upside at spot price of antimony and gold7 Key Project Economics • Maiden Ore Reserve 606koz AuEq @ 6.0g/t AuEq Item Base Spot • Average 80.4koz AuEq over LOM of 7 years NPV (pre-tax 8%) and IRR% $261M and 80% $800M and 237% •
Slide 12: 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 JORC 2012 Ore Reserve Estimate8 Au Sb AuEq Cont. Tonnes Cont. Sb Cont. AuEq Classification Grade Grade Grade Au (kt) (kt Sb) (AuEq koz) (g/t)
Slide 13: 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 AuEq12 JORC 2012 Mineral Resources9 Tonnes Au Grade Sb Grade AuEq Grade Cont. Gold Cont. Sb
Slide 14: Definitive Feasibility Study – Progression to Mine Restart
Definitive Feasibility Study – Progression to Mine Restart DFS is well advanced due to extensive infrastructure in place • Development de-risked due to extensive existing surface and underground infrastructure • DFS focus to optimise metallurgical test work and advance permitting • MACA Interquip Mi
Slide 15: Significant Exploration Upside
Significant Exploration Upside Over 200 known deposits and occurrences on Larvotto's Hillgrove leases 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 including 4m @ 8.11g/t Au B
Slide 16: Exploration Target – Significant Upside
Exploration Target – Significant Upside Exploration target located directly below areas of current resources 12 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 Eleanora-Garibaldi mine L
Slide 17: Exploration in Tandem with Development
Exploration in Tandem with Development Multiple ongoing drill programs Bakers Creek • Follow-up previous high-grade intercepts13 including: • BKC015 31m @ 65.8g/t Au; including 5.3m @ 220g/t from 245.0m; and 4.75m @ 161g/t Au • BKC012 3.5m @ 9.55g/t Au; including 0.5m @ 49.6g/t Au Clarks Gully • Cur
Slide 18: Key Takeaways
Key Takeaways Establishing concurrent antimony and gold development • Australia's largest antimony project • 8th largest antimony deposit in the world • Targeting production in early 2026, Hillgrove will supply circa 7% of global antimony production • PFS details Hillgrove Antimony and Gold Project
Slide 19: Board and Management
Board and Management Board of Directors Management Sonja Neame Chief Operating Officer Anna Mark Tomlinson Ron Heeks Nahajski-Staples Rachelle Domansky B.Eng.(Mining), FAusIMM BA, B.App.Sc (Hons), MEd, DipClinHyp, B.App.Sc, MAusIMM BA Bus, F Fin, ACIS, GAICD DipESG, MAPS, MASH, MAICD Non-Executive C
Slide 20: References
References 1 See Announcement ASX: SXG 23 January 2024 2 See announcement ASX: LRV 8 May 2024, High Grade Gold Results at Hillgrove 3 See announcement ASX: LRV 5 August 2024, Hillgrove Gold-Antimony Project Pre- Feasibility Study 4 See announcement ASX: LRV 5 August 2024, Hillgrove Gold-Antimony Pro
Slide 21: 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 Hillgrove Gold-Antimony Mine by constructing open cut and underground mines and expanding a processing facility to produce gold
Slide 22: Disclaimer and Important Notices
Disclaimer and Important Notices Nature of this document: This investor presentation (Presentation) is dated 28 October 2024 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 L
Slide 23: Disclaimer and Important Notices (Cont.)
Disclaimer and Important Notices (Cont.) Competent Persons Statement 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 Carolan results is base
Slide 24: Contact Us
Contact Us 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