MACA Interquip Mintrex made study managers for Hillgrove gold-antimony project

MACA Interquip Mintrex (MIQM) who are part of the Theiss Group have been appointed study manager for Larvotto Resources’ (ASX: LRV) NSW Hillgrove gold and antimony project’s definitive feasibility study (DFS).

MIQM will assume overall supervision of the ongoing metallurgical test work program currently underway at Independent Metallurgical Operations (IMO) and design modifications and detailed costings required to ensure optimal performance and production from the 500,000tpa Hillgrove processing plant.

Larvotto managing director Ron Heeks says the company is looking forward to working with MIQM on the Hillgrove DFS, an important step in the development of the project.

“MIQM personnel have already been to site and are well underway in the task of providing the DFS that will allow Larvotto to commence project finance discussions and commence plant modification and mining at Hillgrove,” he said.

“Larvotto is currently targeting first production late 2025 early 2026 at which time it will supply approximately 7% of global antimony production into a market that is heavily undersupplied.

“Larvotto will also produce a high-grade gold concentrate and gold bars.

“Both gold and antimony are trading at near record highs.

“As the majority of infrastructure required to commence production is already onsite the DFS will take a considerably shorter time than is typical to complete.”

The DFS is scheduled for completion in Q1 2025.