Larvotto Resources Limited · ASX:LRV
Larvotto Resources — 121 Mining Cape Town February 2025
21 slides from Larvotto Resources's conference presentation, Feb 3, 2025
Slide 1: Hillgrove Antimony-Gold Project
121 MINING CAPE TOWN – FEBRUARY 2025 For personal use only Hillgrove Antimony-Gold Project Establishing concurrent Antimony and Gold development in NSW Australia ASX:LRV
Slide 2: Corporate Overview
Corporate Overview Corporate Structure Major Shareholders Our Projects 3% 38% Mt Isa, QLD 16% For personal use only Shares on Issue 409,077,682 Copper, Gold & Cobalt Project ~ 900km2 Unlisted Options exercisable @ 0.30 3,345,786 Performance Rights 13,298,667 7% Share price (24 January 2025) $0.62 Ma
Slide 3: 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.Eng.(Mining), FAusIMM B.A, B.App.Sc (Hons), M.Ed, DipESG, B.App.Sc, MAusIMM MAPS, MASH, MAICD Non-Executive Chair Managing Director Non-Executive
Slide 4: Hillgrove – World Class Antimony & Gold Project
Hillgrove – World Class Antimony & Gold Project At Current Gold & Antimony Prices DualStrong Financial Position to NPV ~$800M (post-tax) Focus1. Advance Development 2. Resource Expansion For personal use only Pay back – 7 months PFS Capex ~$75M3 Significant Surface & Below Ground Infrastructure Maid
Slide 5: Antimony – Strategic & Critical
Antimony – Strategic & Critical Uses of Antimony Antimony Price (USD$ / tonne) • 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 Resource
Slide 6: 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 For personal use only • Record commodity price - antimony US$42,000/t, gold US$2,750/oz, • >$200M spent on under
Slide 7: 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 Bu
Slide 8: Compelling PFS delivered
Compelling PFS delivered PFS delivers robust financials with significant Key Project Economics upside at spot price of antimony and gold11 • Average 80.4koz AuEq over LOM of 7 years For personal use only Item Base Spot • Capex of $73M NPV (pre-tax 8%) and IRR% $261M and 80% $1,196M and 360% • Robust
Slide 9: Hillgrove – Development Path
Hillgrove – Development Path For personal use only Complete Complete Plant Project Commence Metallurgy Upgrade Finance Mining Study Study Pre- Definitive Final Feasibility Feasibility Investment Study Study Decision 9 121 MINING PRESENTATION | FEBRUARY 2025 | ASX: LRV
Slide 10: Offtake and Financing
Offtake and Financing Wogen offtake for For personal use only Antimony concentrate Financing Discussions Strong financial position 10 121 MINING PRESENTATION | FEBRUARY 2025 | ASX: LRV
Slide 11: DFS Imminent
DFS Imminent DFS expected Q1 2025 For personal use only Optimising metallurgical test work & advancing permitting Increase mine life & grade 11 121 MINING PRESENTATION | FEBRUARY 2025 | ASX: LRV
Slide 12: 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 13: Exploration Target – Significant Upside
Exploration Target – Significant Upside Exploration target located directly below areas of current resources 12 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 14: 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 intercepts 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 • Best
Slide 15: Key Takeaways – Globally Significant Antimony Producer
Key Takeaways – Globally Significant Antimony Producer Larvotto set to commence production in early 2026 For personal use only • Australia's largest antimony project • 8th largest antimony deposit in the world • Antimony concentrate offtake with Wogen Resources • PFS details Hillgrove Antimony and G
Slide 16: 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 17: 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 Estimate16 Au Sb AuEq Cont. Tonnes Cont. Sb Cont. AuEq Classification Grade Grade Grade Au (mt) (k
Slide 18: 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 Resource17 Tonnes Au Grade Sb Grade AuEq Grade
Slide 19: 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 20: 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 21: 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
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