What's Happening?
Larvotto Resources Ltd has announced the signing of an Engineering, Procurement, Construction, and Management (EPCM) contract with MACA-Interquip-Mintrex (MIQM) for the upgrade and refurbishment of the processing plant at its Hillgrove Antimony-Gold Project in New South Wales. The contract aims to lock in scope, governance, and a firm schedule to ensure a safe and timely restart of operations. The project includes the installation of a secondary crushing and tailings filtration system, with MIQM's team expanding to around 60 personnel over the coming months. The refurbishment also involves repairing the main transformer to restore grid power, providing a more reliable and cost-effective power supply to the site. The upgrade is set to position Hillgrove as a significant Western producer of strategic antimony, supported by gold revenue amid record price environments.
Why It's Important?
The EPCM contract is crucial for Larvotto Resources as it provides a structured pathway to complete the plant upgrade and transition into production. This development is significant in the context of global supply chain stability, as governments prioritize securing stockpiles of critical minerals like antimony. The Hillgrove project, with its strategic location and near-term production capabilities, offers a timing advantage and reduces execution risks. Additionally, the ongoing exploration efforts at Hillgrove present potential for resource expansion and extended mine life, ensuring long-term supply of essential minerals. The project also supports local employment, with all current employees now based in Armidale, reflecting Larvotto's commitment to community engagement.
What's Next?
The next steps involve detailed design, procurement, and construction management to deliver a 0.525 Mt/y plant upgrade, including an ultra-fine grinding circuit and a filtered tailings circuit. Current site activities include earthworks, removal of obsolete plant items, and preparation for new installations. Essential items have been pre-ordered, and logistics for transport are being finalized. Larvotto is also focused on building its site team, with senior staff in place and recruitment for operational departments underway. The company aims to leverage its head-start in production to capitalize on favorable market conditions for antimony and gold.
Beyond the Headlines
The Hillgrove project not only contributes to the strategic mineral supply but also highlights the importance of sustainable and community-focused mining practices. By supporting local employment and engaging with the Armidale community, Larvotto demonstrates a commitment to social responsibility. The project's success could serve as a model for other mining operations seeking to balance economic objectives with community and environmental considerations.
