Larvotto Resources secured a substantial funding package through a non-binding term sheet with Wogen Resources and Xcelsior Capital.

The deal is geared towards advancing the Hillgrove Antimony/Gold Mine development in New South Wales.

The package includes a USD$4 million ($6.1 million) pre-payment loan for antimony offtake and gold concentrate marketing rights and a USD$4 million ($6.1 million) working capital loan.

Wogen will offer exclusive off-take sales and global distribution services.