Ann: Hillgrove Project DFS Investor Webinar Invitation, page-72

Australia’s next antimony producer? One company doing exactly that is Larvotto Resources (ASX:LRV) who’s recent DFS for the Hillgrove antimony-gold project in NSW highlighted an impressive post-tax NPV of $694m using an 8% discount rate.Among the compelling economics is a forecasted annual EBITDA of $251m and robust after-tax free cash flow of $128 million for 8.2 years.Even better, the initial capital outlay is a lean $133m due to existing infrastructure like power, water, and a partially developed underground network, positioning Hillgrove as a low-risk, high-return opportunity with rapid value realisation.With an ore reserve of 606,000oz grading 6g/t gold equivalent, and more than $150m worth of processing infrastructure in place, the company is targeting yearly output of 40,566oz of gold and 4878t of antimony.The development timeline is also on the fast track with production forecast to start in 2026 as both gold and antimony prices ride high.Set to lead Australia in antimony production, contributing as much as 7% to global supply, Hillgrove elevates Larvotto to the ranks of major international suppliers. But with LRV already rising to a market cap of $280m after taking the crown as 2024’s top performing mining stock, we can’t help but wonder who is next. This that article