Larvotto Resources (ASX:LRV) said a definitive feasibility study at the Hillgrove antimony-gold project in New South Wales is nearing completion, according to a Friday Australian bourse filing.
The study was prolonged after it made engineering changes to accommodate the transition from a wet tailings storage facility to a dry stack landform.
Final inputs are being incorporated from ongoing metallurgical testing and the study will be modeled at conservative commodity prices of $2,400 per ounce for gold and $25,000 per tonne for antimony.
It is continuing exploration activities with four diamond rigs currently on-site.
The firm also launched its information and community engagement center at Hillgrove Hub on April 15.
The hub will allow residents to engage directly with the firm's representatives, access project information, and participate in community discussions. The hub will also play a role in its commitment to local recruitment.
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