en.Wedoany.com Reported - Larvotto Resources (ASX:LRV) is accelerating the Hillgrove gold-antimony project in New South Wales, Australia, aiming for mid-2026 production. Managing Director Ron Hicks stated the company is focused on rapid development and construction. Since acquiring the project in December 2023, it has progressed resource evaluation, financing, and community integration efforts.

The Hillgrove project is the world's eighth-largest antimony resource. Located near Armidale with existing infrastructure, it presents a lower-risk profile. Hicks noted that antimony prices have risen from $9,000 to $60,000 per tonne, and the presence of co-product gold and tungsten adds further value. The company has raised $170 million through debt and equity financing to support rapid construction and was awarded "Most Improved ASX Company" in 2024.

Chief Operating Officer Sonia Nim emphasized Larvotto's commitment to local employment and community engagement, holding regular open days and donating medical equipment. Armidale's education and quality of life help retain talent, ensuring funds stay within the local community. Antimony demand has grown 40% due to the solar industry, while supply has declined, highlighting Hillgrove's strategic importance.

Larvotto Resources is going all out to advance the Hillgrove project, including mineral exploration and capacity expansion, to achieve production in 2026. This will inject supply into the global critical minerals market while supporting local community development.

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