Larvotto Antimony Financing Secures $39mn to Advance Hillgrove

Larvotto Antimony

Larvotto antimony financing locks in A$60mn to accelerate the Hillgrove project in New South Wales. The Larvotto antimony financing comes via a new share issue at A$0.68 per share. This Larvotto antimony financing supports mine restart activities and early procurement.

Funding terms and project timeline

Larvotto will raise A$60mn (US$39mn) from Australian and international investors. The funds follow permitting granted on 27 June for mining and processing. The company targets first production in the second quarter of 2026.

Offtake and market impact

Larvotto signed an exclusive, binding offtake with UK-based Wogen Resources. The agreement covers antimony concentrate for the first seven years. The project holds Australia’s largest antimony resource, according to the company.

Larvotto expects average output of 5,700 t/yr for the first five years. Output then averages about 4,900 t/yr for the remaining mine life. The May definitive feasibility study indicates the mine could meet 7% of global demand.

Hillgrove production will include antimony with a gold by-product. The share issue price was set at A$0.68 per share. Investors include domestic and international institutions, the company said.

The Metalnomist Commentary

Financing, permits, and offtake de-risk Hillgrove’s near-term path. Watch procurement cadence and plant readiness milestones into 2026, as contract execution and commissioning will define delivery against the DFS.