OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor LRV ASX

Larvotto Resources Limited

Ramping Producer · Gold · Others · Tungsten · Australia Rating locked: sign in to view v8.1 · lrv-20261031t202846-full
Last 2026-11-06
A$0.74
1D
—
1M
—
YTD
—
1Y
—
Fair value
Locked: sign in to view
Upside
Locked: sign in to view
Mkt cap
A$385M
EV
A$504.9M
Cash
A$31.1M
Debt
A$150.5M
3 newer ASX announcements not yet reflected in this valuation

People, delivery and responsibility

Management background checks

Evidence through 2026-11-02

Research assessment

Executive team

Rating locked: sign in to viewTeam rating and score are available to subscribers

The five-person roster has relevant leadership, operations, finance, governance and technical experience. The public record now documents a post-quarter first antimony shipment and a technical exploration contribution by the CTO, but most operating outcomes remain issuer-level and do not establish individual causation. Historical employer/site events are separated from personal responsibility where timing or direct evidence does not support attribution.

Decision-relevant facts

Material summary

Individual involvement and employer context shown separately

Ronald Heeks

Managing Director and Chief Executive Officer

Current
Full background report for Ronald Heeks
Role FitAnalyst Inference · Medium materiality

Professional fit for Managing Director / Chief Executive Officer

Role fit is an analytical inference from the documented position and the listed experience. The current role aligns with the function stated in the title; demonstrated personal outcomes are not inferred from employer results.

Responsibility not applicable · Analyst assessment based on the cited role and career record; it does not establish performance causation.

Half Yearly Report and Accounts · Current executive roster
Board and Management · pp. 11–12
Company SuccessIssuer Reported · Medium materiality

Company-level project and delivery record

Larvotto reported first production at Hillgrove in August 2026 after mine restart and plant refurbishment. Its 30 October Q3 report records the first 68-tonne antimony concentrate shipment to Wogen after quarter-end and says mine-gate delivery satisfied a condition for an initial payment under the offtake prepayment facility. These are company-level outcomes during the executives’ tenures; no individual causal contribution is inferred. The 2025 AEMR’s historical consent matters are tracked separately.

Role overlaps event; causation unproven · The individual held the stated role during some or all of the reported period; available evidence does not isolate personal contribution.

Half Yearly Report and Accounts · FY2026 operating update and first production
Quarterly Activities/Appendix 5B Cash Flow Report · pp. 1 and 4; post-quarter shipment and mine-gate delivery
Annual Environmental Management Report 2025 · pp. 5–9; historical consent compliance
EnvironmentIssuer Reported · Medium materiality

Legacy Hillgrove consent audit recorded outstanding non-compliances

The 2024–25 AEMR previously recorded five Development Consent non-compliances still outstanding at the start of the 2025 reporting year. In the July 2026 updated AEMR, four remained at year end: three were being held open pending Department of Planning, Housing and Infrastructure approval of environmental control standards (noise and air/dust), and one remained open; the report states no other breaches were found. The AEMR also says quarterly noise results were compliant, while the legacy conditions remained formally open. A separate NSW Resources Regulator mining-lease audit recorded a warning letter over the rehabilitation plan format, rectified 12 December 2024, and a late 2024 forward-program submission; the regulator took no further action on lateness. The AEMR’s open items arise from historical consent conditions; they are company/site compliance issues, not findings of personal misconduct. CEO Heeks and COO Neame are relevant current operational oversight, but the records do not attribute the legacy breaches to either individual.

Employer context; no individual link established · Company/site compliance context; no personal causal link to Heeks or Neame established.

Annual Environmental Management Report 2025 · pp. 5–9, section 1 and Table 2; pp. 81–84, section 10.3: count/status and compliance updates
Hillgrove Mines – Mining Act audit report · pp. 16–20, sections 3.2.7–3.2.14: format warning rectified, late filing and no further regulator action
Evidence gaps · 1
  • The 2025 AEMR still records four historical consent items as open at its reporting cutoff; the 2026 Q3 report describes Mod 5 as under assessment but does not establish closure of those historical items by 2026-11-02.

Full background report

Ronald Heeks

Managing Director and Chief Executive Officer

Career chronology

  • Chief Executive Officer role from 2021-12-01; current as of 2026-10-31: Larvotto Resources Limited — Managing Director / Chief Executive Officer. Half Yearly Report and Accounts (Directors’ report / current executive roster)

  • Earlier career; exact dates not fully disclosed: Previous employers and professional roles as summarized in issuer disclosure — Managing Director since December 2021; 35+ years mining; roles at Geopacific Resources, Coolgardie Gold and Smarttrans; co-founded Exploration and Mining Consultants. Board and Management (pp. 11–12)

  • Immediately prior to Larvotto; exact dates not specified in profile: Geopacific Resources Ltd. — Managing Director. Ronald Heeks director profile (Profile biography)

  • Earlier career; dates not specified: Straits Asia / Straits Resources — General Manager – Technical, Indonesian gold and coal operations. Ronald Heeks director profile (Profile biography)

  • Earlier career; dates not specified: Adamus Resources — Chief Technical Officer, Southern Ashanti Gold Operation. Ronald Heeks director profile (Profile biography)

  • Earlier career; dates not specified: Exploration and Mining Consultants — Co-founder. Ronald Heeks director profile (Profile biography)

Education and qualifications

Education and professional credentials

Not dated · issuer reported · low materiality

B.App.Sc; MAusIMM. Credentials are reported in the cited issuer or secondary biography; the issuing institutions were not independently queried in this pass.

Attribution: Individual involvement documented. The cited biography names the qualification; independent verification of award records was not available.

Relevance: Relevant professional preparation for the current position.

Board and Management (pp. 11–12)

Contributions and company outcomes

Company-level project and delivery record

2026 through 2026-10-30 · issuer reported · medium materiality

Larvotto reported first production at Hillgrove in August 2026 after mine restart and plant refurbishment. Its 30 October Q3 report records the first 68-tonne antimony concentrate shipment to Wogen after quarter-end and says mine-gate delivery satisfied a condition for an initial payment under the offtake prepayment facility. These are company-level outcomes during the executives’ tenures; no individual causal contribution is inferred. The 2025 AEMR’s historical consent matters are tracked separately.

Attribution: Role overlaps event; causation unproven. The individual held the stated role during some or all of the reported period; available evidence does not isolate personal contribution.

Relevance: Provides the company outcome against which the executive’s delivery record should be assessed.

Half Yearly Report and Accounts (FY2026 operating update and first production); Quarterly Activities/Appendix 5B Cash Flow Report (pp. 1 and 4; post-quarter shipment and mine-gate delivery); Annual Environmental Management Report 2025 (pp. 5–9; historical consent compliance)

Environmental record

Legacy Hillgrove consent audit recorded outstanding non-compliances

Legacy consent conditions; AEMR reporting year 28 January 2025–27 January 2026; update dated 20 July 2026 · issuer reported · medium materiality

The 2024–25 AEMR previously recorded five Development Consent non-compliances still outstanding at the start of the 2025 reporting year. In the July 2026 updated AEMR, four remained at year end: three were being held open pending Department of Planning, Housing and Infrastructure approval of environmental control standards (noise and air/dust), and one remained open; the report states no other breaches were found. The AEMR also says quarterly noise results were compliant, while the legacy conditions remained formally open. A separate NSW Resources Regulator mining-lease audit recorded a warning letter over the rehabilitation plan format, rectified 12 December 2024, and a late 2024 forward-program submission; the regulator took no further action on lateness. The AEMR’s open items arise from historical consent conditions; they are company/site compliance issues, not findings of personal misconduct. CEO Heeks and COO Neame are relevant current operational oversight, but the records do not attribute the legacy breaches to either individual.

Attribution: Employer context; no individual link established. Company/site compliance context; no personal causal link to Heeks or Neame established.

Relevance: Relevant to environmental controls, site rehabilitation and production ramp-up.

Annual Environmental Management Report 2025 (pp. 5–9, section 1 and Table 2; pp. 81–84, section 10.3: count/status and compliance updates); Hillgrove Mines – Mining Act audit report (pp. 16–20, sections 3.2.7–3.2.14: format warning rectified, late filing and no further regulator action)

Suitability for the current role

Professional fit for Managing Director / Chief Executive Officer

Current role as of cutoff · analyst inference · medium materiality

Role fit is an analytical inference from the documented position and the listed experience. The current role aligns with the function stated in the title; demonstrated personal outcomes are not inferred from employer results.

Attribution: Responsibility not applicable. Analyst assessment based on the cited role and career record; it does not establish performance causation.

Relevance: Assesses documented capability against the current role and company stage.

Half Yearly Report and Accounts (Current executive roster); Board and Management (pp. 11–12)

Evidence gaps

  • The 2025 AEMR still records four historical consent items as open at its reporting cutoff; the 2026 Q3 report describes Mod 5 as under assessment but does not establish closure of those historical items by 2026-11-02.

Sonja Neame

Chief Operating Officer

Current
Full background report for Sonja Neame
Role FitAnalyst Inference · Medium materiality

Professional fit for Chief Operating Officer

Role fit is an analytical inference from the documented position and the listed experience. The current role aligns with the function stated in the title; demonstrated personal outcomes are not inferred from employer results.

Responsibility not applicable · Analyst assessment based on the cited role and career record; it does not establish performance causation.

Half Yearly Report and Accounts · Current executive roster
Board and Management · Management section
Company SuccessIssuer Reported · Medium materiality

Company-level project and delivery record

Larvotto reported first production at Hillgrove in August 2026 after mine restart and plant refurbishment. Its 30 October Q3 report records the first 68-tonne antimony concentrate shipment to Wogen after quarter-end and says mine-gate delivery satisfied a condition for an initial payment under the offtake prepayment facility. These are company-level outcomes during the executives’ tenures; no individual causal contribution is inferred. The 2025 AEMR’s historical consent matters are tracked separately.

Role overlaps event; causation unproven · The individual held the stated role during some or all of the reported period; available evidence does not isolate personal contribution.

Half Yearly Report and Accounts · FY2026 operating update and first production
Quarterly Activities/Appendix 5B Cash Flow Report · pp. 1 and 4; post-quarter shipment and mine-gate delivery
Annual Environmental Management Report 2025 · pp. 5–9; historical consent compliance
EnvironmentIssuer Reported · Medium materiality

Legacy Hillgrove consent audit recorded outstanding non-compliances

The 2024–25 AEMR previously recorded five Development Consent non-compliances still outstanding at the start of the 2025 reporting year. In the July 2026 updated AEMR, four remained at year end: three were being held open pending Department of Planning, Housing and Infrastructure approval of environmental control standards (noise and air/dust), and one remained open; the report states no other breaches were found. The AEMR also says quarterly noise results were compliant, while the legacy conditions remained formally open. A separate NSW Resources Regulator mining-lease audit recorded a warning letter over the rehabilitation plan format, rectified 12 December 2024, and a late 2024 forward-program submission; the regulator took no further action on lateness. The AEMR’s open items arise from historical consent conditions; they are company/site compliance issues, not findings of personal misconduct. CEO Heeks and COO Neame are relevant current operational oversight, but the records do not attribute the legacy breaches to either individual.

Employer context; no individual link established · Company/site compliance context; no personal causal link to Heeks or Neame established.

Annual Environmental Management Report 2025 · pp. 5–9, section 1 and Table 2; pp. 81–84, section 10.3: count/status and compliance updates
Hillgrove Mines – Mining Act audit report · pp. 16–20, sections 3.2.7–3.2.14: format warning rectified, late filing and no further regulator action
Evidence gaps · 1
  • The 2025 AEMR still records four historical consent items as open at its reporting cutoff; the 2026 Q3 report describes Mod 5 as under assessment but does not establish closure of those historical items by 2026-11-02.

Full background report

Sonja Neame

Chief Operating Officer

Career chronology

  • Current as of 2026-10-31; exact start date not supplied: Larvotto Resources Limited — Chief Operating Officer. Half Yearly Report and Accounts (Directors’ report / current executive roster)

  • Earlier career; exact dates not fully disclosed: Previous employers and professional roles as summarized in issuer disclosure — global business development/operations/compliance experience; MD Ravensgate International; NED Trek Metals; Group Administration Manager RSG Global. Board and Management (Management section)

  • Prior role; exact dates not stated in issuer biography: Ravensgate International — Managing Director, mining consultancy. Management team (Management biography)

  • Prior role; exact dates not stated: RSG Global — Group Administration Manager, mining consultancy. Management team (Management biography)

  • Prior role; dates not in issuer source: Trek Metals Ltd. — Non-Executive Director. Management team (Management biography)

Education and qualifications

Education and professional credentials

Not dated · issuer reported · low materiality

GradDip Business Management; AIG graduate; AICD graduate. Credentials are reported in the cited issuer or secondary biography; the issuing institutions were not independently queried in this pass.

Attribution: Individual involvement documented. The cited biography names the qualification; independent verification of award records was not available.

Relevance: Relevant professional preparation for the current position.

Board and Management (Management section)

Contributions and company outcomes

Company-level project and delivery record

2026 through 2026-10-30 · issuer reported · medium materiality

Larvotto reported first production at Hillgrove in August 2026 after mine restart and plant refurbishment. Its 30 October Q3 report records the first 68-tonne antimony concentrate shipment to Wogen after quarter-end and says mine-gate delivery satisfied a condition for an initial payment under the offtake prepayment facility. These are company-level outcomes during the executives’ tenures; no individual causal contribution is inferred. The 2025 AEMR’s historical consent matters are tracked separately.

Attribution: Role overlaps event; causation unproven. The individual held the stated role during some or all of the reported period; available evidence does not isolate personal contribution.

Relevance: Provides the company outcome against which the executive’s delivery record should be assessed.

Half Yearly Report and Accounts (FY2026 operating update and first production); Quarterly Activities/Appendix 5B Cash Flow Report (pp. 1 and 4; post-quarter shipment and mine-gate delivery); Annual Environmental Management Report 2025 (pp. 5–9; historical consent compliance)

Environmental record

Legacy Hillgrove consent audit recorded outstanding non-compliances

Legacy consent conditions; AEMR reporting year 28 January 2025–27 January 2026; update dated 20 July 2026 · issuer reported · medium materiality

The 2024–25 AEMR previously recorded five Development Consent non-compliances still outstanding at the start of the 2025 reporting year. In the July 2026 updated AEMR, four remained at year end: three were being held open pending Department of Planning, Housing and Infrastructure approval of environmental control standards (noise and air/dust), and one remained open; the report states no other breaches were found. The AEMR also says quarterly noise results were compliant, while the legacy conditions remained formally open. A separate NSW Resources Regulator mining-lease audit recorded a warning letter over the rehabilitation plan format, rectified 12 December 2024, and a late 2024 forward-program submission; the regulator took no further action on lateness. The AEMR’s open items arise from historical consent conditions; they are company/site compliance issues, not findings of personal misconduct. CEO Heeks and COO Neame are relevant current operational oversight, but the records do not attribute the legacy breaches to either individual.

Attribution: Employer context; no individual link established. Company/site compliance context; no personal causal link to Heeks or Neame established.

Relevance: Relevant to environmental controls, site rehabilitation and production ramp-up.

Annual Environmental Management Report 2025 (pp. 5–9, section 1 and Table 2; pp. 81–84, section 10.3: count/status and compliance updates); Hillgrove Mines – Mining Act audit report (pp. 16–20, sections 3.2.7–3.2.14: format warning rectified, late filing and no further regulator action)

Suitability for the current role

Professional fit for Chief Operating Officer

Current role as of cutoff · analyst inference · medium materiality

Role fit is an analytical inference from the documented position and the listed experience. The current role aligns with the function stated in the title; demonstrated personal outcomes are not inferred from employer results.

Attribution: Responsibility not applicable. Analyst assessment based on the cited role and career record; it does not establish performance causation.

Relevance: Assesses documented capability against the current role and company stage.

Half Yearly Report and Accounts (Current executive roster); Board and Management (Management section)

Evidence gaps

  • The 2025 AEMR still records four historical consent items as open at its reporting cutoff; the 2026 Q3 report describes Mod 5 as under assessment but does not establish closure of those historical items by 2026-11-02.

Nick Longmire

Chief Financial Officer

Current
Full background report for Nick Longmire
Role FitAnalyst Inference · Medium materiality

Professional fit for Chief Financial Officer

Role fit is an analytical inference from the documented position and the listed experience. The current role aligns with the function stated in the title; demonstrated personal outcomes are not inferred from employer results.

Responsibility not applicable · Analyst assessment based on the cited role and career record; it does not establish performance causation.

Half Yearly Report and Accounts · Current executive roster
Board and Management · Management section
Company SuccessIssuer Reported · Medium materiality

Company-level project and delivery record

Larvotto completed the transition of Hillgrove toward production and reported first production in August 2026. Its 30 October Q3 report records the first 68-tonne antimony concentrate shipment to Wogen after quarter-end and says mine-gate delivery satisfied a condition for an initial payment under the offtake prepayment facility. This is an issuer-level outcome during the executive’s tenure; company delivery cannot by itself establish individual causation.

Role overlaps event; causation unproven · The individual held the stated role during some or all of the reported period; available evidence does not isolate personal contribution.

Half Yearly Report and Accounts · FY2026 operating update and first production
Quarterly Activities/Appendix 5B Cash Flow Report · pp. 1 and 4; post-quarter shipment and mine-gate delivery

Full background report

Nick Longmire

Chief Financial Officer

Career chronology

  • Current as of 2026-10-31; exact start date not supplied: Larvotto Resources Limited — Chief Financial Officer. Half Yearly Report and Accounts (Directors’ report / current executive roster)

  • Earlier career; exact dates not fully disclosed: Previous employers and professional roles as summarized in issuer disclosure — 30 years accounting/finance; CFO and company secretary roles; Newmont Australia and WMC Resources. Board and Management (Management section)

  • Until 2016 per contemporaneous company release: Sarama Resources Ltd. — Chief Financial Officer and Company Secretary. Nick Longmire director profile (Biography; former CFO/company secretary)

  • Earlier career; dates not specified: Newmont Australia; WMC Resources — Accounting and commercial roles. Management team (CFO biography)

Education and qualifications

Education and professional credentials

Not dated · issuer reported · low materiality

B.Com; CA. Credentials are reported in the cited issuer or secondary biography; the issuing institutions were not independently queried in this pass.

Attribution: Individual involvement documented. The cited biography names the qualification; independent verification of award records was not available.

Relevance: Relevant professional preparation for the current position.

Board and Management (Management section)

Contributions and company outcomes

Company-level project and delivery record

2026 through 2026-10-30 · issuer reported · medium materiality

Larvotto completed the transition of Hillgrove toward production and reported first production in August 2026. Its 30 October Q3 report records the first 68-tonne antimony concentrate shipment to Wogen after quarter-end and says mine-gate delivery satisfied a condition for an initial payment under the offtake prepayment facility. This is an issuer-level outcome during the executive’s tenure; company delivery cannot by itself establish individual causation.

Attribution: Role overlaps event; causation unproven. The individual held the stated role during some or all of the reported period; available evidence does not isolate personal contribution.

Relevance: Provides the company outcome against which the executive’s delivery record should be assessed.

Half Yearly Report and Accounts (FY2026 operating update and first production); Quarterly Activities/Appendix 5B Cash Flow Report (pp. 1 and 4; post-quarter shipment and mine-gate delivery)

Suitability for the current role

Professional fit for Chief Financial Officer

Current role as of cutoff · analyst inference · medium materiality

Role fit is an analytical inference from the documented position and the listed experience. The current role aligns with the function stated in the title; demonstrated personal outcomes are not inferred from employer results.

Attribution: Responsibility not applicable. Analyst assessment based on the cited role and career record; it does not establish performance causation.

Relevance: Assesses documented capability against the current role and company stage.

Half Yearly Report and Accounts (Current executive roster); Board and Management (Management section)

James Kerr

Chief Technical Officer

Current
Full background report for James Kerr
Role FitAnalyst Inference · Medium materiality

Professional fit for Chief Technical Officer

The current CTO role and the documented geology/exploration leadership record are relevant to Larvotto’s technical needs. This is an analyst inference from role history and issuer disclosures; it does not establish current performance or project causation. The Larvotto appointment date and parts of the earlier chronology remain unknown.

Responsibility not applicable · Analyst assessment based on the cited role and career record; it does not establish performance causation.

Investor Presentation – IMARC · slide 14, management roster
Management team · Chief Technical Officer biography
Annual Report 2016 · p. 15; General Manager Geology role
EducationIssuer Reported · Medium materiality

Issuer-reported geology and mineral economics qualifications

Larvotto’s management biography lists a BSc in Geology, MMinEcon and Member AusIMM; a 2011 Hillgrove presentation lists BSc (Geology) and MSc (Mineral Economics). These issuer statements are consistent but were not independently verified against university or professional-body records.

Responsibility not applicable · Qualifications are reported by issuers; independent credential and membership verification was not located.

Management team · Chief Technical Officer biography
Wilson HTM Investor Presentation · management team slide, qualifications
Personal SuccessDocumented · Medium materiality

Documented technical supervision of Geopacific exploration results

A June 2017 Woodlark release reported 51m at 2.82g/t gold and 18m at 8.89g/t gold. Its Competent Person statement says the exploration results were compiled by and under the supervision of Jim Kerr, then General Manager Geology. This documents a defined technical reporting contribution; it does not establish that he was the sole discoverer or that the results produced economic success.

Individual involvement documented · The issuer’s Competent Person statement directly identifies Kerr as compiler/supervisor of reported exploration results.

WOODLARK – Success continues 18m @ 8.89g/t Au · p. 1, reported intercepts; p. 6, Competent Person statement
Evidence gaps · 5
  • Larvotto’s exact CTO appointment date is not disclosed in the reviewed issuer sources.
  • The current issuer biography references Barrick Gold, but the reviewed material does not establish Kerr’s title or dates there; dates for older Oropa, Mincor and Hillgrove roles are also incomplete.
  • Qualifications and AusIMM membership are issuer-reported and were not independently verified.
  • The 2006 RNS reports other directorships as current at that date only; no current status was established for those roles, and no exhaustive current board-role search was possible.
  • No exhaustive criminal-record, sanctions, litigation, reference or background check was conducted.

Full background report

James Kerr

Chief Technical Officer

Career chronology

Education and qualifications

Issuer-reported geology and mineral economics qualifications

Qualifications reported in issuer biographies; accessed 2026-11-02 · issuer reported · medium materiality

Larvotto’s management biography lists a BSc in Geology, MMinEcon and Member AusIMM; a 2011 Hillgrove presentation lists BSc (Geology) and MSc (Mineral Economics). These issuer statements are consistent but were not independently verified against university or professional-body records.

Attribution: Responsibility not applicable. Qualifications are reported by issuers; independent credential and membership verification was not located.

Relevance: Technical qualifications are relevant to the current CTO role.

Management team (Chief Technical Officer biography); Wilson HTM Investor Presentation (management team slide, qualifications)

Personal achievements

Documented technical supervision of Geopacific exploration results

June 2017 · documented · medium materiality

A June 2017 Woodlark release reported 51m at 2.82g/t gold and 18m at 8.89g/t gold. Its Competent Person statement says the exploration results were compiled by and under the supervision of Jim Kerr, then General Manager Geology. This documents a defined technical reporting contribution; it does not establish that he was the sole discoverer or that the results produced economic success.

Attribution: Individual involvement documented. The issuer’s Competent Person statement directly identifies Kerr as compiler/supervisor of reported exploration results.

Relevance: Provides a specific example of technical work aligned to a current technical leadership role.

WOODLARK – Success continues 18m @ 8.89g/t Au (p. 1, reported intercepts; p. 6, Competent Person statement)

Business failures and setbacks

Geopacific suspended Woodlark development after Kerr’s tenure

Early 2022; after Kerr’s 2019 departure · documented · low materiality

Geopacific suspended major Woodlark development work in early 2022 after cost increases, schedule delays and funding constraints. The 2019 annual report records Kerr’s resignation as General Manager Geology on 31 May 2019, so the suspension occurred well after his documented departure; no personal responsibility is inferred.

Attribution: Employer context; no individual link established. No individual causal link is established; the cited project decision post-dates his documented Geopacific tenure.

Relevance: Records a material employer project setback with explicit temporal and attribution limits.

Annual Report 2019 (p. 30; resignation date); Annual Report 2021 (chairman’s report and operating review; early-2022 suspension and causes)

Industrial safety

Historical fatal incident at Hillgrove predates Kerr’s arrival

Incident 2000; conviction 2003; before Kerr’s documented Hillgrove arrival in late 2009 · documented · low materiality

The NSW Resources Regulator records that New England Antimony NL was convicted and fined after a worker was fatally struck by falling rock at the New England Antimony Mine on 18 February 2000; the conviction was entered on 19 June 2003. A 2011 Hillgrove presentation says Kerr joined Hillgrove Resources in late 2009, nearly a decade after the incident. The reviewed sources do not connect him to the event.

Attribution: Employer context; no individual link established. The event and conviction concern the historical site operator and predate Kerr’s documented arrival; no personal responsibility is established.

Relevance: A significant site-level safety history is disclosed with timing and responsibility limits.

Prosecution summaries: New England Antimony NL (New England Antimony NL prosecution summary; incident and decision dates); Wilson HTM Investor Presentation (management team slide; joined in late 2009)

Suitability for the current role

Professional fit for Chief Technical Officer

Current role as of 2026-10-31 · analyst inference · medium materiality

The current CTO role and the documented geology/exploration leadership record are relevant to Larvotto’s technical needs. This is an analyst inference from role history and issuer disclosures; it does not establish current performance or project causation. The Larvotto appointment date and parts of the earlier chronology remain unknown.

Attribution: Responsibility not applicable. Analyst assessment based on the cited role and career record; it does not establish performance causation.

Relevance: Assesses documented technical experience against the current technical executive role.

Investor Presentation – IMARC (slide 14, management roster); Management team (Chief Technical Officer biography); Annual Report 2016 (p. 15; General Manager Geology role)

Evidence gaps

  • Larvotto’s exact CTO appointment date is not disclosed in the reviewed issuer sources.

  • The current issuer biography references Barrick Gold, but the reviewed material does not establish Kerr’s title or dates there; dates for older Oropa, Mincor and Hillgrove roles are also incomplete.

  • Qualifications and AusIMM membership are issuer-reported and were not independently verified.

  • The 2006 RNS reports other directorships as current at that date only; no current status was established for those roles, and no exhaustive current board-role search was possible.

  • No exhaustive criminal-record, sanctions, litigation, reference or background check was conducted.

Cecilia Tyndall

Company Secretary

Current
Full background report for Cecilia Tyndall
Role FitAnalyst Inference · Medium materiality

Professional fit for Company Secretary

Role fit is an analytical inference from the documented position and the listed experience. The current role aligns with the function stated in the title; demonstrated personal outcomes are not inferred from employer results.

Responsibility not applicable · Analyst assessment based on the cited role and career record; it does not establish performance causation.

Half Yearly Report and Accounts · Current executive roster
Board and Management · Management section
Company SuccessIssuer Reported · Medium materiality

Company-level project and delivery record

Larvotto completed the transition of Hillgrove toward production and reported first production in August 2026. Its 30 October Q3 report records the first 68-tonne antimony concentrate shipment to Wogen after quarter-end and says mine-gate delivery satisfied a condition for an initial payment under the offtake prepayment facility. This is an issuer-level outcome during the executive’s tenure; company delivery cannot by itself establish individual causation.

Role overlaps event; causation unproven · The individual held the stated role during some or all of the reported period; available evidence does not isolate personal contribution.

Half Yearly Report and Accounts · FY2026 operating update and first production
Quarterly Activities/Appendix 5B Cash Flow Report · pp. 1 and 4; post-quarter shipment and mine-gate delivery

Full background report

Cecilia Tyndall

Company Secretary

Career chronology

  • Current as of 2026-10-31; exact start date not supplied: Larvotto Resources Limited — Company Secretary. Half Yearly Report and Accounts (Directors’ report / current executive roster)

  • Earlier career; exact dates not fully disclosed: Previous employers and professional roles as summarized in issuer disclosure — 20 years CFO and company secretary experience at listed resource and industrial companies. Board and Management (Management section)

Education and qualifications

Education and professional credentials

Not dated · issuer reported · low materiality

CA. Credentials are reported in the cited issuer or secondary biography; the issuing institutions were not independently queried in this pass.

Attribution: Individual involvement documented. The cited biography names the qualification; independent verification of award records was not available.

Relevance: Relevant professional preparation for the current position.

Board and Management (Management section)

Contributions and company outcomes

Company-level project and delivery record

2026 through 2026-10-30 · issuer reported · medium materiality

Larvotto completed the transition of Hillgrove toward production and reported first production in August 2026. Its 30 October Q3 report records the first 68-tonne antimony concentrate shipment to Wogen after quarter-end and says mine-gate delivery satisfied a condition for an initial payment under the offtake prepayment facility. This is an issuer-level outcome during the executive’s tenure; company delivery cannot by itself establish individual causation.

Attribution: Role overlaps event; causation unproven. The individual held the stated role during some or all of the reported period; available evidence does not isolate personal contribution.

Relevance: Provides the company outcome against which the executive’s delivery record should be assessed.

Half Yearly Report and Accounts (FY2026 operating update and first production); Quarterly Activities/Appendix 5B Cash Flow Report (pp. 1 and 4; post-quarter shipment and mine-gate delivery)

Suitability for the current role

Professional fit for Company Secretary

Current role as of cutoff · analyst inference · medium materiality

Role fit is an analytical inference from the documented position and the listed experience. The current role aligns with the function stated in the title; demonstrated personal outcomes are not inferred from employer results.

Attribution: Responsibility not applicable. Analyst assessment based on the cited role and career record; it does not establish performance causation.

Relevance: Assesses documented capability against the current role and company stage.

Half Yearly Report and Accounts (Current executive roster); Board and Management (Management section)