Larvotto Resources Limited · ASX:LRV
Larvotto Resources — Australian Gold Conference 2024
21 slides from Larvotto Resources's conference presentation, August 2024
Slide 1: Hillgrove Gold-Antimony Project
AUSTRALIAN GOLD CONFERENCE August 2024 Hillgrove Gold-Antimony Project Establishing Concurrent Gold and Antimony Development in NSW
Slide 2: 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 3: Hillgrove, Gold & Antimony Project
HILLGROVE, GOLD & ANTIMONY PROJECT ESTABLISHING CONCURRENT GOLD AND ANTIMONY DEVELOPMENT IN NSW ► Australia’s largest antimony deposit, Top 10 globally ► Current antimony price circa A$30,000/t ► Bakers Creek drilling 31m @ 65g/t Au1 ► >$200M spent on underground infrastructure and equipment in-plac
Slide 4: Hillgrove PFS Highlights
HILLGROVE PFS HIGHLIGHTS5 PFS DELIVERS ROBUST FINANCIALS WITH SIGNIFICANT UPSIDE AT SPOT PRICE OF GOLD AND ANTIMONY ► 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%) and IRR% $261M and 80%
Slide 5: 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 Estimate6 Au Sb AuEq Cont. Tonnes Cont. Sb Cont. AuEq Classification Grade Grade Grade Au (kt) (kt Sb) (AuEq koz) (g/t)
Slide 6: Hillgrove Mineral Resource Estimate
HILLGROVE MINERAL RESOURCE ESTIMATE JORC 2012 Mineral Resources7 AuEq Cont. Cont. Tonnes Au Grade Sb Grade Cont. Sb Classification Grade Au Gold (kt) (g/t) % (kt Sb) (g/t) (koz) (koz Au) The potential of the Measured 448 3.6 3.8 12.1 51 51 17 Hillgrove mineralisation was highlighted in the Indicated
Slide 7: Definitive Feasibility Study Progression
DEFINITIVE FEASIBILITY STUDY PROGRESSION DFS ADVANCED DUE TO EXTENSIVE INFRASTRUCTURE IN PLACE ► Development de-risked due to extensive existing surface and underground infrastructure ► DFS focus: • Optimising metallurgical testwork • Advancing permitting ► DFS upside potential: • Increase mine life
Slide 8: Resources & Geological Overview
RESOURCES & GEOLOGICAL OVERVIEW EXTENSIVE EXPLORATION POTENTIAL ALONG STRIKE FROM EXISTING RESOURCES ► 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 (Purple Areas) Underexplo
Slide 9: Current Resource & Upside
CURRENT RESOURCE & UPSIDE SIGNIFICANT EXPLORATION UPSIDE FROM >200 KNOWN DEPOSITS & OCCURRENCES 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 deposit. High-grade inte
Slide 10: Exploration Target – Significant Upside
EXPLORATION TARGET – SIGNIFICANT UPSIDE ► Exploration target confined to potential mineralisation located directly below areas of current resources ► Near-term resources growth within Metz and Eleanora-Garibaldi Brackins areas Spur ► Estimate range of potential mineralisation for the Exploration Tar
Slide 11: Drilling Program
DRILLING PROGRAM CLARKS GULLY DIAMOND DRILLING PROGRAM7 ► 56-hole for 5,250m RC drill programme8 ► 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: • 7m @ 23.23 g/t AuEq (2.
Slide 12: Underground Development Area
UNDERGROUND DEVELOPMENT AREA SYNDICATE OREBODY - MINE READY ► Development in-place for mine start9 • 15km underground decline and development drives • Processing plant last run in 2022 ► Significant startup cost risk reduced ► Process plant recovery optimisation progressing well ► Detailed mine plan
Slide 13: Hillgrove Mining Areas
HILLGROVE MINING AREAS HILLGROVE MINERAL FIELD SHOWING PAST AND PLANNED MINING AREAS ► 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 then moves to Eleanora-
Slide 14: Hillgrove – Development Path
HILLGROVE – DEVELOPMENT PATH Complete Metallurgy Study 85% 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 Study 50% Complete Met
Slide 15: Key Takeaways
KEY TAKEAWAYS ESTABLISHING CONCURRENT GOLD AND ANTIMONY DEVELOPMENT IN NSW ► PFS details Hillgrove Gold and Antimony Project to be: • Technically and economically viable high-grade project • High-margin production target profile • Compelling forecasts at spot gold and antimony prices • Significantly
Slide 16: Corporate Overview
Establishing Concurrent Gold and Antimony Development in NSW CORPORATE OVERVIEW Board and Key Personnel Mark Tomlinson Non-Executive Chair Ron Heeks Managing Director Anna Nahajski-Staples Non-Executive Director Nicholas Longmire Chief Financial Officer Cecilia Tyndall Company Secretary Major Shareh
Slide 17: Board of Directors
BOARD OF DIRECTORS Mark Tomlinson, B.Eng(Mining), FAusIMM | Non-Executive Chair 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 in Melbourne. During
Slide 18: 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 3 See announcement ASX: LRV 28 June 2024, Significant Exploration Upside Demonstrated at Hillgrove 4 See announceme
Slide 19: Disclaimer
DISCLAIMER Disclaimer and Important Notices Nature of this document: This investor presentation (Presentation) is dated 12 June 2024 and has been prepared and authorised by Larvotto Resources Limited (ACN 645 596 238) (Company). Unless otherwise stated herein, the information in this Presentation is
Slide 20: Disclaimer – Competent Persons Statement
DISCLAIMER Disclaimer and Important Notices continued Competent Persons Statement: Exploration Results: The information in this presentation that relates to exploration results is based on information compiled by Mr. Ron Heeks, who is a Member of the Australasian Institute of Mining and Metallurgy a
Slide 21: Contact us
Contact us Suite Nedlands PO T: E: W: info@larvottoresources.com (08) Box www.larvottoresources.com 1, 496, 88WA 6373 Broadway Claremont 0112 6009 WA 6910 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