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| Larvotto |
Larvotto antimony project financing strengthens the path to first production in 2026. Larvotto antimony project financing adds A$10mn to advance exploration, mill expansion, and working capital. Therefore, Larvotto antimony project financing supports a secure offtake-backed ramp-up at Hillgrove.
Funding, timeline, and project scope
Larvotto raised A$10mn via a share purchase plan at A$0.68 per share. Previously, it completed a A$60mn placement in July. Together, these proceeds fund drilling, early mill works, and site readiness. The company targets first production in the second quarter of 2026. It expects roughly 5,700 t/yr of antimony for five years. As a result, Hillgrove becomes a meaningful non-Chinese antimony source.
Offtake, market positioning, and execution risks
Larvotto holds a binding seven-year offtake with Wogen Resources. This contract supports concentrate sales and bankability. Meanwhile, antimony demand remains tight across flame retardants and defense alloys. However, execution depends on mill expansion, permitting, and logistics. Cost control and grade reconciliation will be critical during ramp-up.
The Metalnomist Commentary
Larvotto’s equity top-up reduces financing friction before major spend. With offtake secured, the next catalysts are mill expansion milestones and a credible commissioning schedule. If delivered, Hillgrove could reshape regional antimony supply dynamics in 2026–27.
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