Larvotto Resources has signed a binding offtake agreement with Glencore for the sale of gold concentrate from the Hillgrove Antimony-Gold Project in New South Wales, Australia.
The deal covers the project’s gold concentrate production for the first seven years of operation
Larvotto announced that commissioning and first production at Hillgrove are scheduled for August 2026, with the project adhering to both budget and timeline. Under the agreement, Glencore will purchase approximately 15,000 dry tonnes per annum (dtpa) of gold concentrate. The arrangement is structured on a mine-gate basis, assigning Glencore responsibility for logistics from the site to the final customer.
Larvotto will be paid according to London Bullion Market Association gold prices, adjusted for the contained gold content in the concentrate. The company stated that the offtake is agreed on normal commercial terms and is subject to execution of final agreements. Larvotto previously signed an antimony concentrate offtake agreement with Wogen Resources.