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Larvotto Resources (ASX: LRV) has confirmed the viability of tungsten as a byproduct at its Hillgrove project, located 23 km east of Armidale in New South Wales. The company aims to begin commercial production in Q2 2026, reporting a 90% tungsten recovery rate and a 16X increase in feed grade from recent metallurgical tests.
The Hillgrove project boasts a mineral resource estimate of 8.77 million tonnes, grading 4.0 grams per tonne (g/t) gold and 1.1% antimony, equating to 7.2 g/t gold equivalent (AuEq). Larvotto plans to produce 5,400 metric tons of antimony annually, which would represent 7% of global production. The project has garnered attention as one of the world’s top 10 antimony deposits, especially following China’s export limits on antimony.
Since acquiring the Hillgrove project in late 2023, Larvotto has signed a binding offtake agreement for its first seven years of antimony output. The company has funded the project and is prepared for mining operations, with 15 kilometers of underground development already in place.
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