Hillgrove gold/antimony project, Australia
Photo by Larvotto Resources
Name of the Project
Hillgrove gold/antimony project.
Location
News South Wales, Australia.
Project Owner/s
Larvotto Resources.
Project Description
The Hillgrove mine operated for 30 years as an antimony-focused operation and 100 years prior as a successful high-grade gold mine. The project comprises surface infrastructure, which includes the process plant, power, roads, a decline and substantial underground development.
A prefeasibility study has proposed production of 41 100 oz of gold and 5 400 t of antimony over a seven-year mine life.
This is the first time that gold and antimony will be targeted with equal priority at Hillgrove.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Using conservative gold and antimony prices of $2 000 and $15 000 respectively, the project has an estimated after-tax net present value, at an 8% discount rate, of $157-million and an internal rate of return of 49.6%, with a payback of two years.
Capital Expenditure
The project will cost less than $73.4-million to develop.
Planned Start/End Date
The project is targeting first ore by early 2026.
Latest Developments
The Larvotto board has approved the immediate start of the definitive feasibility study, which is expected to be completed by the end of 2024.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Larvotto Resources, tel +61 8 6373 0112 or email info@larvottoresources.com.
Article Enquiry
Email Article
Save Article
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...
VISIT SHOWROOM
Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
