https://newsletter.mw.creamermedia.com
Gold|PROJECT|Resources
Gold|PROJECT|Resources
gold|project|resources

Hillgrove antimony/gold mine, Australia

Image of Hillgrove plant

Photo by Larvotto Resources

8th August 2025

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

Font size: - +

Name of the Project
Hillgrove antimony/gold mine.

Location
About 23 km east of Armidale, in northern New South Wales, Australia.

Project Owner/s
Australian resources company Larvotto Resources.

Project Description
A definitive feasibility study has provided compelling economics, confirming the project as a robust, near-term development opportunity with compelling midpoint economics.

Over an eight-year mine life, the upgraded 525 000 t/y processing facility is forecast to deliver average production of 85 000 oz/y gold equivalent, peaking at 102 000 oz equivalent in Year 2. 

Average antimony production (recovered) over the life-of-mine is estimated at 4 878 t. 

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Applying an 8% discount rate, the project has a net present value of $454-million and an internal rate of return of 74%, with a payback of 2.2 years.

Capital Expenditure
Preproduction capital is estimated at $139-million.

Planned Start/End Date
Production is planned to start in the second quarter of 2026.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
Not disclosed.

Contact Details for Project Information
Larvotto Resources, tel +61 8 6373 0112 or email info@larvottoresources.com.


 

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

Showroom

AQS Liquid Transfer
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 29 August 2025
Magazine round up | 29 August 2025
29th August 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.048 0.188s - 127pq - 2rq
Subscribe Now