Trump executive order highlights value in Larvotto antimony play
United States President Donald Trump's executive order to streamline the approval process for key US mineral projects, which includes an antimony play, will help highlight the antimony value at Larvotto Resources' Hillgrove project in New South Wales.
The National Energy Dominance Council this week identified a first 10 projects for placement on the country's Federal Permitting Improvement Steering Council dashboard, which puts them on a streamlined track to development.
Known as transparency projects, they form the first wave to receive expedited permitting under the government's FAST-41 initiative, a move aimed at bolstering domestic production of critical minerals.
The priority list included Perpetua Resources' stibnite-gold project, which was chosen for its antimony mineralisation. Antimony is an important critical mineral used in defence, energy and clean technology applications.
Larvotto's Hillgrove antimony-gold project in central NSW is the largest antimony deposit in Australia and one of the few near-term, large-scale antimony deposits in the Western world.
Hillgrove's resource consists of 7.264 million tonnes for 93,000t of antimony grading at 1.3 per cent and 1.036 million ounces of gold at a grade of 4.4 grams per tonne (g/t) for a total gold-equivalent resource of 1.7M ounces at 7.4g/t.
The project is expected to produce a gold-antimony concentrate for export, which could support the manufacture of vital global defence equipment, such as ammunition and night-vision equipment.
The Hillgrove project has been recognised internationally. The US Department of Defence has already endorsed the project and accepted Larvotto into America's important Defence Industrial Base Consortium.
Larvotto is targeting first ore from the Hillgrove project in early 2026 and expects to produce 5400t of antimony per annum, equal to about 7 per cent of anticipated world demand at the time of first production.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
West Australian
an hour ago
- West Australian
ASX slumps during Monday's trading on Steel and aluminium tariffs
Australian stocks fell slightly on Monday, following a negative lead in from Wall Street on the back of US President Donald Trump doubling tariffs on steel and aluminium. The benchmark ASX 200 index slid 20.60 points or 0.24 per cent to 8,414.10. The broader All Ordinaries also fell, down 22.80 or 0.26 per cent to 8,637.50. The Australian dollar finished in the green and is now buying 64.68 US cents. On an overall negative day for the market, eight of the 11 sectors dragged the index lower, with telecommunications, industrials and consumer staples being the rare bright spots. All three major iron ore miners slipped, with BHP falling 1.23 per cent to $37.78, Rio Tinto slumping 1.70 per cent to $110.75 and Fortescue Metals retreating 2.53 per cent to $15. It was a mixed day for the big four banks, with CBA rose 0.27 per cent to $176.42 to be the only major bank to trade higher. Shares in Westpac slumped 1.17 per cent to $32.18, while NAB is down 0.68 per cent to $37.74 and ANZ finished in the red down 0.21 per cent to $28.98. Despite the price of crude oil rising, petroleum companies Ampol fell 0.74 per cent to $25.34, Woodside slid 1.12 per cent to $22, and Santos slumped 1.52 per cent to $6.49. During Monday's trading, US futures dived after US President Donald Trump said he would double the tariffs placed on steel and aluminium from Wednesday. IG market analyst Tony Sycamore said the Australian market has performed 'reasonably well' despite a number of negative headlines impacting the ASX 200 including the latest tariff move by President Trump. 'We had a 25 to 50 per cent tariff added to steel and aluminium exports, which obviously was a hit to sentiment,' he said. Mr Sycamore also pointed to President Trump's 'big beautiful bill', which would extend Trump's tax cuts from 2017 at the same time as lifting the debt ceiling, and increasing spending on border security and the military. 'We need to be mindful that revenues need to be raised given the fact Trump's bill is before the senate and he is going to want to pass that, so he will need to show revenue gains and that can only be done through the different avenues to raise tariffs,' he said. He also pointed to military moves both in the Middle East and Ukraine-Russia conflict adding to global uncertainty. In company news, shares in Brickworks and Washington H Soul Patts were the two biggest winners on the ASX. Shares in Soul Patts leapt 16.44 per cent to $43 while Brickworks soared 27.59 per cent to $35.10 after the two businesses announced a $14bn merger. BlueScope Steel also jumped 4.4 per cent to $23.75 on the back of Trump's tariff decision, with the market seeing it as a major winner as it makes half its money from operations within the US.
AU Financial Review
an hour ago
- AU Financial Review
Trump-backed former boxer wins Poland's election
Warsaw | A nationalist candidate backed by Donald Trump won Poland's presidential election, defeating the centrist mayor of Warsaw in a blow to the country's pro-European Union government. Karol Nawrocki, a conservative historian and former boxer with no previous political experience, won 50.9 per cent, while Rafal Trzaskowski took 49.1 per cent, according to the results released by the electoral commission early on Monday.
Perth Now
an hour ago
- Perth Now
ASX slips after last tariff update
Australian stocks fell slightly on Monday, following a negative lead in from Wall Street on the back of US President Donald Trump doubling tariffs on steel and aluminium. The benchmark ASX 200 index slid 20.60 points or 0.24 per cent to 8,414.10. The broader All Ordinaries also fell, down 22.80 or 0.26 per cent to 8,637.50. The Australian dollar finished in the green and is now buying 64.68 US cents. On an overall negative day for the market, eight of the 11 sectors dragged the index lower, with telecommunications, industrials and consumer staples being the rare bright spots. Eight of the 11 sectors fell during Monday's trading. Picture Newswire/ Gaye Gerard. Credit: News Corp Australia All three major iron ore miners slipped, with BHP falling 1.23 per cent to $37.78, Rio Tinto slumping 1.70 per cent to $110.75 and Fortescue Metals retreating 2.53 per cent to $15. It was a mixed day for the big four banks, with CBA rose 0.27 per cent to $176.42 to be the only major bank to trade higher. Shares in Westpac slumped 1.17 per cent to $32.18, while NAB is down 0.68 per cent to $37.74 and ANZ finished in the red down 0.21 per cent to $28.98. Despite the price of crude oil rising, petroleum companies Ampol fell 0.74 per cent to $25.34, Woodside slid 1.12 per cent to $22, and Santos slumped 1.52 per cent to $6.49. During Monday's trading, US futures dived after US President Donald Trump said he would double the tariffs placed on steel and aluminium from Wednesday. IG market analyst Tony Sycamore said the Australian market has performed 'reasonably well' despite a number of negative headlines impacting the ASX 200 including the latest tariff move by President Trump. 'We had a 25 to 50 per cent tariff added to steel and aluminium exports, which obviously was a hit to sentiment,' he said. ASX falls on additional steel and aluminium tariffs. NewsWire / Max Mason-Hubers Credit: News Corp Australia Mr Sycamore also pointed to President Trump's 'big beautiful bill', which would extend Trump's tax cuts from 2017 at the same time as lifting the debt ceiling, and increasing spending on border security and the military. 'We need to be mindful that revenues need to be raised given the fact Trump's bill is before the senate and he is going to want to pass that, so he will need to show revenue gains and that can only be done through the different avenues to raise tariffs,' he said. He also pointed to military moves both in the Middle East and Ukraine-Russia conflict adding to global uncertainty. In company news, shares in Brickworks and Washington H Soul Patts were the two biggest winners on the ASX. Shares in Soul Patts leapt 16.44 per cent to $43 while Brickworks soared 27.59 per cent to $35.10 after the two businesses announced a $14bn merger. BlueScope Steel also jumped 4.4 per cent to $23.75 on the back of Trump's tariff decision, with the market seeing it as a major winner as it makes half its money from operations within the US.
