Project Updates

Credit: Larvotto Resources

Producer of: Gold and antimony​​​​​​​
Location: New South Wales, Australia​​​​​​​
Reserves: 3.15 million tonnes​​​​​​​
Mine life: 7 years

Larvotto Resources, an Australian mineral exploration company, acquired the Hillgrove project in December 2023 from Red River Resources. The mine had continuous 30-year production history until 2002. A definitive feasibility study for the project is underway and due to be completed by the end of 2024. First ore production from the project is anticipated in early 2026.

Credit: Cavan-Images /  Shutterstock

Producer of: Lithium carbonate​​​​​​​
Location: Salta Province, Argentina​​​​​​​
Reserves: 5.01 million tonnes​​​​​​​
Investment: 31.5 years

The Tolillar project, owned by Canadian mineral exploration company Alpha Lithium, is a proposed lithium brine extraction development situated in the province of Salta, Argentina. Total investment of $776.6m is projected for the first phase of operations, which is expected to have a production capacity of 25,000 tonnes per annum of battery-grade lithium carbonate.

Credit: Peruphotart / Shutterstock

Producer of: Nickle and copper​​​​​​​
Location: Extremadura, Spain​​​​​​​
Reserves: 4.71 million tonnes​​​​​​​
Mine life: 6 years

The Aguablanca nickel-copper mine is under development as an underground mine. The mining rights are owned by Rio Narcea Recursos, which is 50% owned by Denarius Metals through its fully owned subsidiary Alto Minerals. Aguablanca operated as an open-pit mine from 2005 to 2015 and as an underground operation until 2016. The mine is slated to restart production in 2025.