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Australia elevates antimony, gallium, and rare earths to critical status, boosting mining projects like Larvotto’s Hillgrove.
Fresh assay results from Larvotto Resources’ Hillgrove project in New South Wales show strong antimony and gold mineralisation, including high-grade intercepts and up to 1.8% tungsten trioxide.
This comes as Australia’s Albanese government plans to elevate antimony, gallium, and rare earth elements to top-priority status under a $1.2 billion Critical Minerals Strategic Reserve, citing their importance for defence, advanced manufacturing, and renewable energy.
The move could fast-track approvals and unlock federal funding through loans, equity, and stockpiling.
Larvotto, drilling at the Blacklode prospect and surrounding areas, sees the policy as validation of its project’s strategic value.
Australia eleva el antimonio, el galio y las tierras raras al estado crítico, impulsando proyectos mineros como Larvotto's Hillgrove.