Larvotto resources secures funding, greenlights hillgrove antimony-gold project

Larvotto Resources Limited reported a net loss of A$12,356,800 for the half-year ended June 30, 2025, compared to A$4,497,018 in the previous corresponding period. Despite this, the company concluded a definitive feasibility study for the Hillgrove Antimony-Gold Project in May 2025, revealing a post-tax NPV (8%) of A$694 million and an internal rate of return of 102%.

Following the reporting period, Larvotto Resources completed a $105 million senior secured debt financing on July 21, 2025, featuring a 12% coupon and a four-year tenor. This was complemented by an A$60 million equity raising on July 25, 2025, through a placement of approximately 88 million shares at A$0.68 each, with net proceeds from the first tranche received on August 1, 2025.

On July 31, 2025, the company reached a final investment decision to proceed with the development of the Hillgrove Antimony-Gold Project, reinforcing its growth strategy. As of June 30, 2025, cash and cash equivalents stood at A$26,577,029.