Wogen has entered into an exclusive antimony concentrate offtake agreement with Larvotto Resources Ltd.  In conjunction with our sister investment and financing company, Xcelsior Capital Limited, the offtake arrangement is supported via a $4m secured prepayment.  The financing is to be used to expand Larvotto’s exploration activities, finalisation of the DFS and to move forward towards production at its Hillgrove project.  Please see Larvotto’s ASX announcement in this regard.

We are very pleased to be able to combine the expertise of Wogen’s international market presence and reach with Xcelsior’s financing capabilities in providing a solution to Larvotto as they go about developing the production of their antimony concentrate project.