DOUBLING DOWN AT HILLGROVE: CAPACITY AND CONCENTRATE GRADE TO SOAR

Larvotto Resources Outlines Major Upscale in Plant Capacity with Significant Economic Upside

Larvotto Resources Limited (ASX: LRV) has disclosed a promising update from a preliminary engineering study conducted on its Hillgrove Gold & Antimony Project. The study, executed by Mincore, a renowned process engineering and EPC contractor, suggests that the current processing plant’s capacity can be effectively doubled from 220,000 tonnes per annum (tpa) to over 500,000 tpa with minimal adjustments.

Key takeaways from the study reveal that the plant can upscale to produce not only a Gold Doré but also Antimony Concentrate and a highly pure Gold Concentrate by employing simple modifications. Particularly noteworthy is the ability to produce a high-grade gold concentrate of over 150 grams per tonne (g/t), significantly elevating from the current average of 50 g/t Au at the facility. This enhancement is achievable through the implementation of a multi-gravity separator, improving the float concentrate.

Ron Heeks, Managing Director of Larvotto Resources, shared his enthusiasm about the findings, stating:

As expected, the Hillgrove Gold and Antimony Mine is shaping up to be an exciting opportunity that provides Larvotto Resources with a rapid pathway to production. The engineering study completed by Mincore indicates the Hillgrove Gold and Antimony Processing Infrastructure can produce Gold Doré (gold bars), Antimony Concentrate, and Gold Concentrate with minimal upgrades to the current circuit at an expanded crusher feed rate of 500,000 tpa, double that of historical operations. This will significantly decrease unit production costs while increasing gold and antimony production.

Scoping level testwork undertaken on historical concentrate also indicates the multi gravity separator is a potential game changer for the Hillgrove Gold Mine. Taking the gold concentrate grades from around 40 g/t gold to over 150 g/t provides a high quality gold concentrate with very low impurities that will maximise the return on sales.

Larvotto suspected that simple plant modifications could improve concentrate quality while increasing production resulting in improved returns of product sales. Initial testwork has supported this and further detailed studies will commence immediately.

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