Larvotto Resources Limited

11/06/2026

Larvotto Resources has entered into a binding agreement to acquire Hammer Metals (ASX: HMX) by way of a Board recommended Scheme of Arrangement. The tactical and strategic acquisition expands our copper holdings in Mt Isa, as we build an Australian critical minerals and precious metals portfolio with antimony and gold production set to commence at our Hillgrove Project in August 2026.

Larvotto’s Mt Isa strategy provides a second district scale opportunity with a portfolio of 530k CuEq and a proven record of rapidly advancing projects through financing, development and into production and is located proximal to existing and under-utilised processing facilities.

The acquisition is supported by an investment by Glencore with a $15 million placement at a 15% premium.

The transaction creates an enlarged Australian critical minerals and precious metals company with exposure to antimony, gold, copper and other strategic metals, supported by near-term production, a strong balance sheet and multiple avenues for future growth.

Ron Heeks, Managing Director of Larvotto Resources commented:

"This transaction is a highly compelling tactical and strategic fit that significantly strengthens Larvotto's position as an emerging Australian critical minerals and precious metals company.

Hammer has assembled one of the most attractive undeveloped copper and critical minerals portfolios in the Mt Isa district. By combining the Hammer assets with our adjacent Mt Isa Project we are creating a district-scale copper portfolio with the resource inventory and development optionality to become a major participant in the region.

The acquisition comes at an important time with Larvotto transitioning into production at Hillgrove. We recently announced a seven-year gold concentrate offtake agreement for Hillgrove with Glencore, and building on that relationship, Glencore has become a strategic investor in support of Larvotto’s copper strategy. The anticipated cash flow from Hillgrove and Glencore’s $15 million investment provides a strong foundation to accelerate Larvotto’s next stage of growth.

We believe the combination creates a unique investment proposition, offering shareholders exposure to near-term gold and antimony production, a globally significant strategic antimony asset, and one of the largest copper and critical minerals development portfolios in the world-class Mt Isa region. Few ASX-listed mining companies provide meaningful exposure to multiple critical minerals alongside a near-term producing asset, strongly differentiating Larvotto within the Australian resources sector."

Read the full ASX announcement: https://tinyurl.com/sedh2tj

09/06/2026

A binding offtake agreement has been executed with Glencore for the sale of gold concentrate from our Hillgrove Antimony-Gold Project, during the first seven years of mining operations. Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of over 60 commodities.

Together with the previously announced antimony concentrate offtake with Wogen Resources, the agreement completes the key concentrate marketing strategy for Hillgrove’s primary concentrate products, providing established pathways for the Project's key revenue streams.

First production remains on time and budget, with commissioning expected in August 2026.

Managing Director, Ron Heeks, commented:

“As we move closer to first production at Hillgrove, securing a globally recognised offtake partner for our gold concentrate is another important milestone in the transition from development to operations. As expected with the strength in the gold price, there was a high level of interest for the offtake during the tender process from all major commodity houses. Glencore’s global presence and established customers stood out as an ideal partner and we are looking forward to working together.

Having already partnered with Wogen for the antimony offtake from Hillgrove, we have now established the key offtake arrangements for the project’s concentrate products which creates certainty around revenue. Metallurgical testwork continues for the potential production of a tungsten concentrate by-product from Hillgrove, with offtake discussions expected to progress as development activities advance."

Read the full ASX announcement: https://tinyurl.com/mjjyzaby

29/05/2026

Larvotto’s Regional Exploration Facility (REF) has been operational since early 2025, contributing to building our presence in Armidale and supporting local employment and technical capability.

Regional Exploration Manager, Matthew Peacock, is in charge at the REF, with 20 employees working at the facility, including 3 undergraduate geology students from the University of New England, AU.

The facility supports Larvotto’s ongoing exploration programs across the broader Hillgrove regional tenure package. It also houses the advanced ECORE scanner supplied by AXT and ELEMISSION, which provides rapid assessment of drill core to support geological interpretation, identification of mineralisation and processing characteristics for the Hillgrove plant.

As part of Larvotto’s commitment to long-term training and education opportunities, the REF regularly hosts geology students from UNE, providing exposure to Hillgrove’s geology and exploration programs, real-life experience of their course content and showcasing the ECORE scanning facilities.

Matt Peacock commented, ‘The Regional Exploration Facility is an important part of the exploration management at Hillgrove where our team of geologists and skilled technicians process and evaluate the drilling samples before sending them off for laboratory analysis. It is a really close team working together and we enjoy being part of Larvotto’s long-term commitment to the New England region by providing opportunities for students and helping establish Armidale as a growing regional hub for technical mining and exploration capability.

Armidale Regional Council Hillgrove and surrounding Community.

22/05/2026

With first production on the horizon at our Hillgrove Project, we recognise that Hillgrove is more than just a mine - it is a long-term investment in people and local communities, regional jobs and responsible environmental responsibility.

As development progresses towards production, the benefits for the New England region continue to build:

✅ Local jobs and careers - we are prioritising a predominantly residential workforce, creating long-term employment and building capability within the region.

✅ Supporting small business and the regional economy - the Hillgrove Hub in Armidale is connecting local businesses, job seekers and suppliers directly with project opportunities.

✅ Real community engagement - from regular drop-in sessions to our Community Reference Group, we are committed to open, transparent communication and genuine local input.

✅ Backing the Hillgrove village - we’re proud to support the village through practical initiatives, from community events and partnerships to direct contributions that strengthen local outcomes.

✅ Supporting education and local partnerships - collaboration with organisations like O'Connor Catholic College and the University of New England, AU is creating real pathways in education, agriculture and industry.

✅ Delivering a positive environmental legacy - Hillgrove has been designed with long-term sustainability in mind, including the adoption of dry stack tailings to improve environmental outcomes and enable progressive rehabilitation, supporting a responsible legacy for future generations.

Our approach is simple - to listen, engage, and deliver real, lasting benefits for the communities we operate in.

Watch the video snippet below to see what Hillgrove means for the region.

Further information can be found on the 'Sustainability' page on our website: www.larvottoresources.com

Larvotto Resources Limited Armidale Regional Council Hillgrove and surrounding Community.

21/05/2026

Following a strong stream of newsflow, Managing Director Ron Heeks caught up with Oriel Morrison-Higgins from Mining.com.au to discuss;

🔸 First ore delivered to stockpile
🔸 Tungsten potential at Hillgrove
🔸 Testwork from tailings confirming potential of supplementary feed
🔸Ongoing newsflow including operational and commissioning updates at Hillgrove, exploration results and activity at our Mt Isa Copper Project

📺 https://www.youtube.com/watch?v=KZFTDvHthTo&t=2s

Hillgrove is moving towards August commissioning, with first ore on...

14/05/2026

Positive initial flotation testwork results received from the TSF1 tailings facility at our Hillgrove Gold-Antimony Project, with antimony recoveries of 80–95% and gold recoveries of 40–75% using conventional flotation methods. The results confirm the ~1.4Mt historic tailings facility as a potential supplementary feed source for the Hillgrove processing plant.

The work also highlights the potential environmental benefits of progressively rehabilitating the legacy tailings facility while recovering antimony, gold and potentially tungsten.

Managing Director, Ron Heeks, commented:

“These results are a genuine milestone for Hillgrove. The testwork confirms that the legacy tailings contain commercially meaningful grades of antimony and gold, and that they respond well to the same flotation methods we are deploying in the upgraded plant. The pathway is becoming very clear; reprocess the tailings, recover the metals, and simultaneously rehabilitate a facility that sits adjacent to a 500-metre gorge.

That environmental outcome matters both to the project and to the broader community. We are now moving quickly through the cleaner flotation work and resource estimation process, and we look forward to updating the market as those milestones are achieved. The retreatment and rehabilitation of the TSF1 material is a high priority for Larvotto and the wider community.”

Read the full ASX announcement: https://tinyurl.com/4bj83a87

12/05/2026

Larvotto Resources is pleased to advise that first ore has been successfully mined underground and delivered to the stockpile at the Hillgrove Antimony-Gold Project in New South Wales. This is a key milestone for Larvotto ahead of commissioning, with underground operations and plant refurbishment activities continuing on time and budget.

Over the first five years of production, Hillgrove is forecast to produce an average of 92,112oz AuEq per annum, including 39,391oz of gold and 5,696 tonnes of antimony per annum.

Managing Director, Ron Heeks, commented:

“The first ore delivery to surface stockpile is another major milestone in bringing Hillgrove back into production to help meet world demand for this critical metal. The site team has done an excellent job of reaching this point, on track and on budget, for the commencement of plant commissioning in August. With the plant refurbishment progressing well and staffing increasing nearly daily, we are looking forward to delivering on becoming not only Australia’s next critical mineral producer, but Australia’s largest antimony producer.”

Read the full ASX announcement: https://tinyurl.com/zexvtzdw

11/05/2026

High-grade gold-antimony-tungsten system has been identified at the Curry’s Block Prospect, as part of our ongoing project-wide review of tungsten and critical minerals potential across the Hillgrove Antimony-Gold Project in NSW. Historic drilling has confirmed mineralisation over a 1km strike length and open at depth and along strike.

Tungsten has emerged as one of the world's most strategically critical metals. With China controlling over 80% of global supply, Western governments, including Australia, have formally designated tungsten a Critical Mineral, and prices have reached record levels.

Key historic intercepts include 5m @ 11.8g/t AuEq from 144m and 5m @ 5.7g/t AuEq from 27m, with high-grade tungsten intersections including 5m @ 0.38% WO₃.

Located just 4.5km from the Hillgrove Processing Plant, Curry’s represents a potential near-mine growth opportunity as Larvotto advances drilling and assesses tungsten as a potential high-value by-product alongside gold and antimony production.

Managing Director, Ron Heeks, commented:

“Historic drilling at Curry’s Block Mine highlights a compelling and underexplored gold–tungsten opportunity. The results define a coherent, high-grade tungsten system with associated gold and antimony that remains open at depth and along strike. With limited follow-up completed to date, Curry’s Block represents a highly attractive near mine growth opportunity.

As tungsten is increasingly recognised as a critical metal amid tightening global supply it is trading at record high prices. The Curry’s Prospect offers Larvotto exposure to another strategically important commodity within the Hillgrove Project. Drilling will commence shortly and we look forward to future results as we seek to build a significant tungsten portfolio.”

Read the full ASX announcement: https://tinyurl.com/3jxxf8vz

05/05/2026

Media Coverage via Bulls N' Bears

"With the Metz Mining Centre slated to play a key early role in the first years of planned production, any potential new discoveries that can be woven into the developing mine plan with minimal extra development are likely to be well-received by the market.

While gold and antimony remain the centrepieces of the Hillgrove story, Larvotto has also flagged tungsten as a potential credit across the field. In its latest Midas Gully hit, the company reported tungsten oxide grades within the broader gold equivalent intercept."

Larvotto Resources has pulled in more strong drilling results from the key Midas Gully mineralised system at the Metz Mining Centre, part of the company’s Hillgrove gold-antimony project in NSW. The program nailed a standout hit of 13 metres at 8.56g/t gold equivalent from 253m depth, which includ...

03/05/2026

A standout intercept of 13m @ 8.56g/t AuEq, including 1.2m @ 34.54g/t AuEq, from drilling at the Midas Gully target within the Metz Mining Centre at our Hillgrove Project. The high-grade gold-antimony-tungsten results continue to support near-mine resource growth and mine plan expansion.

Drilling has confirmed Midas as a high-grade extension to existing underground development, with mineralisation now defined over more than 700m of strike and 350m vertically and remaining open to the northwest and at depth.

Metz is Larvotto’s current focus area for underground mining - the identification of mineralisation directly along strike provides significant additional mining with minimal development required.

Geophysical surveys have also identified parallel structures and new drill targets along the Coxes trend, supporting further growth potential. Multiple drill rigs remain active across Hillgrove, with programs focused on extending mineralisation and advancing resource definition.

Managing Director, Ron Heeks, commented:

“Strong drilling results at the MMC, reinforces its key mining role for the first years of production at Hillgrove. These new results confirm the continuity of mineralisation along the Syndicate-Midas structure, north-west of previously reported high-grade drilling results, reinforcing our confidence at MMC as we continue to explore the system beyond historic drilling and mining.

The Midas results are very exciting as they demonstrate that cross-cutting mineralised zones extend north of the Blacklode system, this is further reinforced by geophysics identifying a target that may also extend the adjacent Coxes Reef a significant distance to the north-west of Blacklode as clearly shown in Figure 2 (below).”

Read the full ASX announcement: https://tinyurl.com/3n8w52bx