Project Updates
Hillgrove project
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.
Tolillar project
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.
Aguablanca project
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.
