Larvotto Resources selects PYBAR Mining Services as underground development contractor for Hillgrove antimony-gold project in NSW. PYBAR to deliver 20km of new development over four years, with potential for extension. Operations set to begin in Q4 2025, generating 40,500oz of gold and 14,000t of antimony concentrate annually, contributing up to 7% of global antimony supply.

PYBAR contract includes decline and lateral development, rehabilitation, ground support, and haulage services at Metz, Garibaldi, and Clarks Gully underground areas. Full-service solution to be provided with equipment, personnel, and statutory supervision. Larvotto continues progress with construction and processing plant upgrade under separate EPCM agreement with MIQM.

Funding secured for Hillgrove development through A$70m equity raise and $105m senior secured bond issue. Financing fully covers capital expenditure and working capital needs. Larvotto managing director Ron Heeks expresses excitement for partnership with PYBAR, positioning project for success as Australia’s major antimony supplier in 2026.

Read more at Yahoo Finance: PYBAR to support Hillgrove antimony-gold project in NSW