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Plant upgrade works have started at Hillgrove with construction teams on-site, and Larvotto Resources (ASX:LRV) is now expecting the processing plant’s upgrade program to be completed sometime in the middle of CY26.
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The upgrade marks Hillgrove’s swap from care-and-maintenance back into full development execution – a milestone Larvotto holders long anticipated.
MIQM has been appointed to lead engineering, procurement, and construction, with legal documentation to be finalised between parties “shortly.” Bulk earthworks for secondary crushing and tailings filtration have already started.
Deconstruction of redundant equipment is underway, too; this precedes more detailed civil work, Larvotto confirmed today, which will start in early October this year.
“This construction program will carry us through to mid-2026, culminating in the commissioning and restart of the program,” managing director Ron Heeks explained. “Our early focus is about… reducing risk.”
Larvotto is also very eager to “keep the project firmly on track” through upgrades.
Once at full production, Hillrove should deliver 40,500 ounces of gold and 4,878 tonnes of antimony annually – a major haul considering commodity prices.
Both are trading at record prices through the middle of this year, and Larvotto believes it’s “on course to re-emerge as a strategic Western supplier” at the perfect time to take advantage of those heady values.
Share-price-wise, LRV has been down -1.5% to lunchtime Thursday.
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