With the silvery-grey metal now soaring to US$37,500 (A$57,800) per tonne, Larvotto has been handed a serious opportunity to cash in on the critical minerals boom.

As a result of its relatively shallow mineralisation, the company says the high-grade deposit is now a prime candidate for early processing at the Hillgrove plant, which could then front-load its cash flow and give the project’s economics an extra boost.

The news of more drilling success at the antimony-rich Clarks Gully would no doubt be welcomed by US Defense Industrial Base Consortium (DIBC) with whom Larvotto recently gained membership.

The consortium is focused on providing a gateway for funding of and the supply of critical metals from organisations that are considered friendly to the US Defense Department. The company’s membership of the US DIBC comes after the Chinese government recently banned the export of antimony amongst other critical minerals. The Chinese currently account for about 48 per cent of global supply, placing a bow around projects such as Hillgrove that have scale outside of China.

While the drilling continues, Larvotto has also received $14.1 million in fresh funds - $6.1m for an antimony offtake agreement with London-based commodity trader Wogen Resources and $8m from the exercise of company options. The funding injection will support the company’s expedited exploration activities and complete the metallurgical test work essential for the definitive feasibility study, due to be completed in early 2025.

With more drill results, a booming gold and antimony price, plenty of fresh cash, the end of option selling and a near-term liquidity point with the definitive feasibility study, Larvotto appears to have a force 10 tailwind behind it right now and looks as though it could hit the finishing line with flying colours in 2025.

Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au