What's Happening?
Larvotto Resources has initiated underground development at its Hillgrove antimony-gold project in New South Wales, Australia. The project, located 23 kilometers east of Armidale, is set to commence production in 2026. PYBAR Mining Services has been contracted
to provide a comprehensive underground development solution, which includes equipment, workforce, and statutory supervision. The development work involves decline and lateral development, rehabilitation activities, ground support installation, and haulage. Initial operations are focused on the Metz zone, with plans to expand to the Garibaldi zone. This development is a significant step towards restarting underground mining and supplying ore to the processing plant. Larvotto's managing director, Ron Heeks, expressed satisfaction with the progress and integration of PYBAR into the site team, which now includes over 70 Larvotto employees and 80 third-party workers.
Why It's Important?
The commencement of underground development at the Hillgrove project marks a critical phase in Larvotto Resources' strategy to restart mining operations and enhance resource production. This initiative is expected to boost the local economy by creating jobs and increasing regional economic activity. The project's focus on antimony and gold production aligns with global demand for these resources, potentially positioning Larvotto as a key player in the market. The integration of PYBAR's services ensures that the project adheres to high safety and operational standards, which is crucial for sustainable mining practices. The successful execution of this project could set a precedent for future mining developments in the region, highlighting the importance of strategic partnerships and comprehensive planning in the mining industry.
What's Next?
As Larvotto Resources progresses with the underground development at Hillgrove, the focus will shift towards exploration and site development to increase resources. The company aims to bring the project back into production by 2026, with ongoing efforts to achieve financial, technical, and project milestones. The involvement of PYBAR Mining Services is expected to facilitate a smooth transition into full-scale production. Stakeholders, including local communities and industry partners, will likely monitor the project's progress closely, given its potential economic and environmental impacts. The success of this project could influence future mining policies and investment decisions in the region.
