Larvotto Resources (ASX:LRV) has opened the Hillgrove Hub in New South Wales, which will strengthen the company’s connection with the Armidale and Hillgrove communities and surrounding areas.
The Hillgrove Hub will serve as a central point for local residents to engage directly with the company’s representatives, access up-to-date project information, and participate in community discussions.
Managing Director Ron Heeks says the opening of the hub marks another strategic step as the company prepares for the start of mining and production at the Hillgrove Antimony-Gold Project.
“This dedicated space reflects our long-term commitment to local engagement and regional growth,”Heeks says.
“As the project progresses — with the Definitive Feasibility Study (DFS) nearing completion and exploration activities ongoing — we’re proud to be creating employment opportunities, supporting local businesses, and delivering critical minerals that will contribute to both the regional and national economy.”
Larvotto, which has a market capitalisation of $320.75 million, says final inputs are being included into the DFS from ongoing metallurgical testing to optimise processing.
These modifications were not included in the original DFS engineering scope. The company notes the study will be modelled at a conservative commodity price of US$2,400 ($3,841.7) per ounce for gold and US$25,000 per tonne for antimony.
Meanwhile, there is an increased level of drilling, with the exploration team expanding to around 30 employees and contractors. The results are expected to improve the level of confidence of mineralisation, as well as add to priority drill targeting for future programs.
Larvotto Resources is a diversified mineral explorer focused on antimony, gold, copper, and cobalt discoveries in Australia and New Zealand.
Write to Aaliyah Rogan at Mining.com.au
