Larvotto Resources has secured preliminary regulatory approval to extend mining at its Hillgrove Gold-Antimony Mine through 2026, paving the way for project financing and production ramp-up.
- Preliminary approval granted for mining extension at Hillgrove Mine until December 2026
- Mining and processing permitted at 250,000 tonnes per year under Modification 6
- No objections from NSW Resources Regulator, EPA, and Armidale Regional Council
- Larvotto agrees to standard regulatory conditions, awaiting formal ratification
- Approval supports financing and production ahead of larger Modification 5 application
Regulatory Green Light for Hillgrove Extension
Larvotto Resources Limited (ASX – LRV) has taken a significant step forward in advancing its Hillgrove Gold-Antimony Mine in New South Wales, securing preliminary approval for Modification 6 of its development application. This modification allows the company to continue mining and processing operations at a rate of 250,000 tonnes per year until 31 December 2026.
The application underwent a public exhibition period and was reviewed by key regulatory bodies including the NSW Resources Regulator, the NSW Environmental Protection Authority (EPA), and the Armidale Regional Council. Notably, none of these entities raised objections, signaling broad regulatory support for the extension.
Strategic Importance of Modification 6
Modification 6 serves as a crucial interim approval that enables Larvotto to maintain momentum on the Hillgrove project. While the company awaits formal ratification from the Department of Planning, Housing and Infrastructure, this approval allows Larvotto to progress project financing and initiate production activities. It effectively bridges the gap until the larger Modification 5, which proposes an increased production capacity of 500,000 tonnes per year, is finalized.
Managing Director Ron Heeks expressed optimism about the regulatory process and the path ahead, highlighting the proactive engagement from the NSW government. He described the approval as an "excellent validation" of the Hillgrove Project and emphasized the company’s readiness to advance towards production.
Broader Project Portfolio and Outlook
Beyond Hillgrove, Larvotto is actively developing a diverse portfolio of mineral projects, including the Mt Isa copper, gold, and cobalt project in Queensland, and the Eyre multi-metals and lithium project in Western Australia. The board’s blend of exploration expertise, corporate finance acumen, and ESG focus positions the company to navigate the complexities of resource development effectively.
While the preliminary approval marks a positive milestone, Larvotto remains cautious, acknowledging that formal ratification is pending and that the larger Modification 5 application will be critical for scaling operations. Investors will be watching closely as the company moves to secure financing and deliver on its production targets.
Bottom Line?
Larvotto’s regulatory progress at Hillgrove sets the stage for financing and production, but the next approval hurdle looms large.
Questions in the middle?
- When will the Department of Planning formally ratify Modification 6?
- What is the timeline and likelihood for approval of the larger Modification 5?
- How will Larvotto secure financing to scale production as planned?