Larvotto Resources Limited · ASX:LRV
Larvotto Resources — RIU Resources Roundup 2025
23 slides from Larvotto Resources's conference presentation, May 12, 2025
Slide 1: RIU Resources Roundup Presentation Additional Disclosures
12 May 2025 Larvotto Resources Limited – ASX Announcement RIU Resources Roundup Presentation ADDITIONAL DISCLOSURES The announcement “Presentation – RIU Resources Roundup”, released on the ASX on 8 May 2025 has been amended with additional disclosure. Additional disclosures: • Metal Equivalent calcu
Slide 2: ASX Announcement: Competent Persons Statement and Contacts
Larvotto Resources Limited – ASX Announcement the form and context in which the Competent Person’s findings are presented have not been materially modified from the original report. • Production Target Competent Persons Statement; Hillgrove Ore Reserves Larvotto confirms that all the material assump
Slide 3: About Larvotto and Forward Looking Statements
Larvotto Resources Limited – ASX Announcement About Larvotto Larvotto Resources Limited (ASX:LRV) is actively advancing its portfolio of in-demand minerals projects including the Hillgrove Antimony-Gold Project in NSW, the large Mt Isa copper, gold, and cobalt project adjacent to Mt Isa townsite in
Slide 4: Hillgrove Antimony-Gold Project Definitive Feasibility Study
Hillgrove Antimony-Gold Project DEFINITIVE FEASIBILITY STUDY MAY 2025 Establishing concurrent Antimony and Gold development in NSW ASX:LRV
Slide 5: Hillgrove Antimony & Gold Project
Hillgrove Antimony & Gold Project • December 2023 acquisition of Hillgrove Project Dual Exploration & Development – Cost $8m ($5m bond) Focus – Antimony price <$10,000/t, Gold ~US$2,000/oz • May 2024 - Spectacular exploration result1 – 31m @ 65.8g/t Au • June 2024 - Exploration Target2 – 670k-1.08M
Slide 6: Definitive Feasibility Study
Definitive Feasibility Study DFS confirms Hillgrove as a technically robust, Using mid-pricing scenario high-margin critical minerals project6 Gold – US$2,850/oz, Antimony US$41,000/t • LOM of 8 years with production from underground and open-pit Dual $251M pa • Average 80.4koz AuEq pa Focus Avg LOM
Slide 7: Compelling DFS delivered
Compelling DFS delivered DFS delivers robust financials with significant Key Project Economics $AUD upside at spot price of antimony and gold7 Item Base Mid Spot • Hillgrove Mines expected to supply 7% of global antimony requirements NPV (post-tax 8%) $280M $694M 1,269M • DFS outcomes support near-t
Slide 8: 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 9: Hillgrove Antimony & Gold Project Overview
Hillgrove Antimony & Gold Project Overview • Australia’s largest antimony deposit, Top 10 globally Dual Exploration & Development • >$200M spent on underground infrastructure and Fous equipment in place • Operational processing plant on care and maintenance • Acquisition of Echidna Gully accommodati
Slide 10: Antimony – Strategic & Critical
Antimony – Strategic & Critical Uses of Antimony • Solar panels • 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, Japan set to produce • Ch
Slide 11: Hillgrove Exploration Upside
Hillgrove Exploration Upside Significant untested antimony mineralisation • Extensive antimony-rich zones identified from surface • Over 20km of strike in multiple zones • Limited historical surface drilling (high antimony) • Gold focus • Mining targeted areas accessible from the gorge • 4 diamond d
Slide 12: Offtake and Financing
Offtake and Financing Wogen offtake for Antimony concentrate Advanced financing discussions Strong financial position - A$34M 10 DEFINITIVE FEASIBILITY STUDY PRESENTATION | MAY 2025 | ASX: LRV
Slide 13: Corporate Overview
Corporate Overview Corporate Structure Major Shareholders Our Projects 3% 36% 15% Mt Isa, QLD Shares on Issue 411,229,133 Copper, Gold & Cobalt Project ~ 900km2 Unlisted Options exercisable @ 0.30 1,965,444 Performance Rights 18,041,950 9% Share price (6 May 2025) $0.865 Market Cap (6 May 2025) $355
Slide 14: Board and Management
Board and Management Board of Directors Management Sonja Neame Chief Operating Officer Mark Tomlinson Ron Heeks Rachelle Domansky B.Eng.(Mining), FAusIMM B.App.Sc, MAusIMM B.A, B.App.Sc (Hons), M.Ed, DipESG, MAPS, MASH, MAICD Nick Longmire Chief Financial Officer Non-Executive Chair Managing Directo
Slide 15: Hillgrove – Development Path
Hillgrove – Development Path Complete Complete Commence Plant Project Metallurgy Upgrade Upgrade Finance Study and Mining Study Pre- Definitive Final Feasibility Feasibility Investment Study Study Decision 13 DEFINITIVE FEASIBILITY STUDY PRESENTATION | MAY 2025 | ASX: LRV
Slide 16: Key Takeaways – Globally Significant Antimony Producer
Key Takeaways – Globally Significant Antimony Producer Bringing Australia’s largest antimony project into production in Q2 2026 • DFS details Hillgrove Antimony and Gold Project to be: – Strong margins and rapid payback – Significant uplift using spot prices • Upside to DFS from processing, explorat
Slide 17: Contact Us
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
Slide 18: 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 (mt) (kt Sb) (AuEq koz) (g/t)
Slide 19: 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 JORC 2012 Mineral Resource9 Tonnes Au Grade Sb Grade AuEq Grade Cont. Gold Cont. Sb Cl
Slide 20: Gold and Antimony included in AuEq calculation
Gold and Antimony included in AuEq calculation The gold equivalent is calculated using: AuEq (g/t) = Aug + Sbg x E where E = (Sbp x Sbr) / ((Aup / TOz) x Aur) E = Equivalency Factor Aup = Gold price (US dollars per ounce) Aug = Gold grade (g/t) Aur = Gold recovery (%) Sbp = Antimony price (US dollar
Slide 21: 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 gol
Slide 22: Disclaimer and Important Notices
Disclaimer and Important Notices Nature of this document: This investor presentation (Presentation) is dated 8 May 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 Limite
Slide 23: Disclaimer and Important Notices (Cont.)
Disclaimer and Important Notices (Cont.) Competent Persons Statement Exploration Results: Hillgrove Ore Reserves The information in this presentation that relates to exploration targets and exploration results is based on The information in this report that relates to the reporting of Ore Reserves r