What's Happening?
Larvotto Resources, an ASX-listed company, has signed an engineering, procurement, and construction management (EPCM) contract with MACA-Interquip-Mintrex (MIQM) for the upgrade and refurbishment of its Hillgrove processing plant in New South Wales. The contract covers design, EPCM, and refurbishment or upgrade of the plant, including an ultra-fine grinding circuit and a filtered tailings circuit, targeting a throughput of 525,000 t/y. Early works are underway on secondary crushing and tailings filtration areas. Larvotto aims to become a major antimony producer, slated to produce 7% of global antimony demand, with commissioning expected in the third quarter of 2026.
Why It's Important?
The upgrade of the Hillgrove processing plant is crucial for Larvotto Resources as it positions the company to become a significant player in the global antimony market. Antimony is a critical mineral used in various applications, including flame retardants and electronics. The project aligns with government priorities to secure stable supply chains for critical minerals. The refurbishment will enhance Larvotto's production capabilities, supported by gold revenue in record-price environments. The strategic move provides Larvotto with a timing advantage and de-risks execution, ensuring long-term supply of critical minerals.
What's Next?
Larvotto plans to continue early works and execute the EPCM contract with MIQM, ensuring a safe restart on time and budget. The company is focused on completing the plant upgrade and moving into production, with commissioning slated for the third quarter of 2026. Larvotto's ongoing exploration provides potential to build resources and mine life, securing its position as a long-term supplier of critical minerals. The company will work closely with MIQM and other stakeholders to ensure successful project execution.
