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Larvotto Resources Limited (ASX:LRV)

ALERT: Price-sensitive ASX Announcement for LRV
Current share price for LRV : $1.270 -0.06 (-4.51%)+
Announcement
Release
9 Jun 2026 3:41PM
Price at Release
$1.330
Full Release
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Summary
Larvotto Resources Limited announced a binding offtake agreement with Glencore for the sale of gold concentrate from its Hillgrove Antimony-Gold Project in New South Wales, covering the first seven years of production. This agreement follows a competitive tender process and complements an existing antimony concentrate offtake agreement with Wogen Resources. The partnership with Glencore, one of the world's largest commodity trading houses, provides Larvotto with access to established global precious metals markets. The agreement is structured on a mine-gate basis, with logistics managed by Glencore, and payments will be based on London Bullion Market Association gold prices. With commissioning expected in August 2026, this arrangement solidifies the marketing strategy for Hillgrove's key concentrate products, ensuring revenue certainty as Larvotto progresses towards first production.
Key Points
  • Binding offtake agreement with Glencore for gold concentrate from Hillgrove Project.
  • Covers first seven years of mining operation at Hillgrove.
  • Glencore selected after competitive tender process.
  • Agreement structured on a mine-gate basis.
  • Payment based on LBMA gold prices.
  • Hillgrove Project includes gold and antimony concentrates.
  • First production expected in August 2026.
  • Larvotto also has an antimony concentrate offtake agreement with Wogen Resources.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.