Fair Pay & Worker Respect
0
As a mining exploration and development company, Larvotto Resources operates in a sector with high inherent risks regarding worker safety and labor rights, but its core business model does not inherently advance or harm fair pay practices, which are determined by company policy and local labor regulations. Larvotto Resources (LRV.ASX) is currently transitioning from an exploration phase to production, specifically at its flagship Hillgrove Gold-Antimony Project.
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Regarding 'labor_violation_incidents', the company is scored at Tier 10. Evidence from multiple sources, including a 2025 government audit report from the NSW Department of Regional NSW and the company’s 2025 Annual Report, indicates a clean regulatory record.
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The government audit, while focused on mining lease conditions, identified no non-compliances or labor-related breaches.
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Furthermore, the company explicitly states its adherence to the Work Health Safety Regulation 2017 and employment legislation, with no documented fines or substantiated labor-law violations in the provided materials.
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Other KPIs remain omitted due to a lack of specific quantitative data.
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While the company discloses its total labor spend ($206 million over the life of the mine) and its workforce growth (increasing from 14 to 53 employees in 2025, with a target of 160 by 2026), it does not provide specific metrics for CEO-to-median pay ratios, safety incident rates (TRIR), or living wage percentages.
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The company utilizes a hybrid workforce model involving direct employees and contractors (such as PYBAR Mining Services), and maintains a 'Nomination and Remuneration Committee Charter' and a 'Diversity Policy,' though these do not currently include the quantitative performance data required for tiering under the remaining KPIs.
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Fair Trade & Ethical Sourcing
0
As a mineral exploration and development company, Larvotto Resources operates in a sector with high inherent risks regarding supply chain transparency and human rights; however, its core business is the extraction of raw materials rather than the sourcing of finished goods, making its impact on 'Fair Trade' dependent on its future operational conduct and site-level management. Larvotto Resources (LRV.ASX) is currently an exploration-stage mining company transitioning toward production, specifically at its Hillgrove Gold-Antimony Project.
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Regarding 'forced_child_labour_incidents', the company is scored at -10. While there are no reported incidents of forced or child labor in the provided evidence, the company maintains a strictly enforced 'Corporate Code of Conduct' and 'Whistleblower Protection Policy' (adopted March 2021) that classify unethical behavior as serious misconduct.
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These policies apply to all personnel, including contractors and consultants, and the company commits to due diligence to ensure supply chain partners adhere to ethical best practices.
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For 'ethical_clause_coverage', the company is tiered at -50. Evidence from multiple articles confirms that Larvotto operates under a 'robust Code of Conduct' and an 'Anti-bribery and Corruption Policy' which mandate that employees and business partners act lawfully and ethically.
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The company explicitly states it uses 'due diligence' to ensure supply chain partners adhere to ethical, social, and environmental standards.
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However, there is no quantitative data confirming the exact percentage of supplier contracts that contain these enforceable clauses, nor is there evidence of automated enforcement or third-party verification, leading to a mid-range tier based on the qualitative commitment to due diligence and ethical sourcing.
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Other KPIs such as 'fair_trade_cert_share', 'audit_frequency', and 'traceability_coverage' were omitted due to a lack of specific quantitative data in the provided articles.
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The company notes that its governance framework is still under active review and development as it moves toward its 2026 production timeline.
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Honest & Fair Business
0
As a mineral exploration company, Larvotto Resources is subject to standard regulatory disclosure requirements for ASX-listed entities, but its core business of exploration does not inherently advance or harm the value of honest and fair business practices. Larvotto Resources (LRV.ASX) demonstrates a solid baseline of corporate governance and transparency, though it lacks the advanced third-party certifications or real-time reporting seen in higher tiers. Regarding regulatory compliance, the company's 2025 Annual Report explicitly states that directors are unaware of any breaches of environmental legislation, and no ethics-related fines or financial restatements were reported for the period (KPIs: regulatory_fines_3y, financial_restatements).
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The company's financial statements are fully audited by Nexia Perth Audit Services Pty Ltd, covering 100% of the consolidated entity (KPI: audit_coverage_pct).
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In terms of governance structure, the Board consists of three members, two of whom (Mark Tomlinson and Rachelle Domansky) are classified as independent, while the Managing Director (Ron Heeks) is not.
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This results in a conflict-free percentage of 66.7% (KPI: board_conflict_free_pct).
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While the company has formally adopted and disclosed both a Whistleblower Policy and an Anti-Bribery and Corruption Policy (KPIs: whistleblower_policy, anti_corruption_policy), these are scored at -40 because, while annual training and board oversight are mentioned, there is no publicly available data measuring the effectiveness of these programs (e.g., number of reports handled or resolution metrics).
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Similarly, while the company established the 'Hillgrove Hub' to facilitate community dialogue and complaint intake, no specific quantitative data regarding median complaint resolution times was provided.
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Kind to Animals
-10
As a mining company, Larvotto Resources' core business involves land clearing and large-scale extraction activities, which inherently pose risks of habitat destruction and displacement of local wildlife populations. Larvotto Resources (LRV.ASX) is a mineral exploration and mining company. As its core business does not involve animal-derived products, animal testing, or animal husbandry, most KPIs are scored as 0 (N/A) per the rubric.
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Regarding 'wildlife_conservation_impact', the company is scored at -60. Evidence from Articles
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indicates that the Hillgrove Mine Extension will directly impact 5.63 hectares of habitat for the Brush-tailed Rock-wallaby (a threatened species) and 20.93 hectares of a Critically Endangered Ecological Community.
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While the company has implemented mitigation measures—such as a 'Control Standard for Feral Animals' (targeting goats, rabbits, foxes, and wild dogs), a 'Clearance Permit' system to protect hollow-bearing trees, and inspections of underground workings for native fauna prior to sealing—these are standard regulatory requirements under the NSW Biodiversity Offset Scheme (BOS) and the EPBC Act.
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The company documents basic outcome measurements through monitoring programs (e.g., camera traps) and feral animal management, but the net impact involves the documented disturbance of critical habitats for multiple species, aligning with the -60 tier for multi-year projects with basic outcome measurement amidst habitat impact.
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No War, No Weapons
-30
As a miner of antimony—a critical material used in military-grade ammunition, flame retardants for military equipment, and infrared sensors—the company's core output has direct dual-use applications in the defense and weapons sector. Larvotto Resources (LRV.ASX) is an exploration and development company focused on the Hillgrove Gold-Antimony Project. Evidence indicates the company is actively positioning itself within the defense industrial base. Regarding 'revenue_arms_contracts', the company currently has 0% direct arms revenue as it is in the development phase (targeting production in 2026).
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However, it has joined the U.S. Defense Industrial Base Consortium (DIBC), obtained a NATO Commercial and Government Entity (NCAGE) code, and registered with the U.S. System for Award Management (SAM) specifically to facilitate future dealings with the U.S. Department of Defense and secure funding for projects producing materials for the military.
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This indicates defense-adjacent services are under active pursuit rather than passive review. For 'dual_use_technology', the company explicitly acknowledges that its primary product, antimony, is a critical mineral with significant military applications, including the manufacturing of ammunition.
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The company's strategic intent is to address 'defense supply chain challenges' and meet 'Western strategic supply' needs.
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While the mineral has civilian uses (batteries, solar), the company is actively marketing its dual-use potential to military stakeholders, warranting a -50 tier as these applications are evaluated on a case-by-case basis for strategic positioning.
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In terms of 'board_oversight_defense', the Board of Directors authorized the release of announcements regarding the company's acceptance into the DIBC and the submission of a white paper to the U.S. Department of Defense seeking funding.
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This demonstrates that the board regularly reviews and approves the company's defense-related exposure and strategic alignment with military supply chains.
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Planet-Friendly Business
-40
As a mineral exploration and mining company, Larvotto Resources' core business involves land disturbance, habitat disruption, and significant energy consumption associated with extraction, which inherently conflicts with proactive environmental stewardship and ecosystem resilience. Larvotto Resources (LRV.ASX) is an exploration and development mining company primarily focused on the Hillgrove Gold-Antimony Project.
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Based on the provided evidence, the company's environmental performance is characterized by active regulatory engagement and site-specific management plans, though it lacks high-level quantitative climate targets.
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For 'biodiversity_efforts', the company is tiered at -30. Evidence shows that while the Hillgrove project impacts 20.93 ha of a Critically Endangered Ecological Community (White Box-Yellow Box-Blakely's Red Gum Grassy Woodland), the company has established active conservation and restoration programs.
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These include a clearance permit system, feral animal control, weed management, and a commitment to the NSW Biodiversity Offset Scheme.
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Approximately 9.08 ha of the 67.65 ha footprint (roughly 13%) is currently under active rehabilitation.
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Regarding 'annual_env_compliance_violations', the company is tiered at -60. Since taking ownership of the Hillgrove Mine in December 2023, Larvotto has recorded zero major violations or new compliance actions.
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While the 2024-25 Annual Environmental Management Report noted 5 outstanding minor non-compliances (primarily related to pending administrative approvals for management plans), these are being addressed, and the company maintains a transparent reporting relationship with regulators.
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For 'num_env_impact_assessments', the company is tiered at -30. Documentation references multiple heritage and environmental studies conducted to support development applications, including recent assessments for the Hillgrove Mine Extension.
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The company operates under a comprehensive framework requiring assessments for both major capital projects and minor modifications (e.g., the 11 kV powerline construction and TSF upgrades), covering all significant operational changes.
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Respect for Cultures & Communities
-10
As a mineral exploration and mining company, Larvotto Resources operates in sectors inherently prone to land-use conflicts, potential displacement of indigenous communities, and environmental impacts on local water and land resources, requiring rigorous FPIC processes that are often points of contention in the mining industry. Larvotto Resources (LRV) demonstrates a proactive approach to community and indigenous relations at its flagship Hillgrove Gold-Antimony Project. Regarding Indigenous relations, the company has a documented Native Title Agreement with the Dunghutti, Anaiwain, and Gumbayngirr People, and reports that all required commitments have been met.
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It engages with the Iwatta Aboriginal Corporation and the Armidale Local Aboriginal Land Council.
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While archaeological studies indicate low potential for heritage sites due to historical mining disturbance, the company has integrated heritage protection into its operational planning and maintains a specific feedback channel for cultural heritage concerns.
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Community engagement is anchored by the 'Hillgrove Hub,' a physical shopfront opened in Armidale in April 2025 to facilitate direct dialogue and grievance submission.
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The company operates a Community Partnerships Program (CPP) with two annual funding rounds for local initiatives, representing a formal benefit-sharing mechanism.
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In terms of economic contribution, Larvotto has committed to a 'non-FIFO' (Fly-In Fly-Out) model, prioritizing local hires from the New England region and housing the majority of its 200-308 person workforce in Armidale.
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Procurement policies also prioritize local suppliers.
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There are no documented incidents of community displacement, water rights conflicts, or significant protests.
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Environmental management, such as the use of a 'Dewatered Tailings Landform' and water treatment plants, is designed to mitigate impacts on communal resources.
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While the company shows strong procedural alignment and positive community feedback (e.g., from the Save Our Macleay River group), it lacks the independent third-party audits or indigenous co-governance structures required for the highest tiers.
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Safe & Smart Tech
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As a mineral exploration and mining company, Larvotto Resources does not engage in software development, data processing, or AI deployment, making the core business neutral regarding digital safety and smart technology standards. Larvotto Resources (LRV.ASX) is a mineral exploration company, and its public disclosures primarily focus on mining operations, ESG frameworks, and geological technology (such as the ECORE core scanning system).
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Evidence regarding 'Safe & Smart Tech' is limited to its formal Privacy Policy, adopted in June 2021.
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Under 'regulatory_compliance', the company maintains a tier of 0 as it adheres to standard industry requirements, specifically the Privacy Act 1988 (Cth) and the Australian Privacy Principles.
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There are no documented regulatory actions or fines from the OAIC.
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For 'data_breach_severity', the company is scored at 0 as there are no documented reports of data breaches in the provided evidence.
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The company utilizes standard security measures such as firewalls and password-protected databases.
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Regarding 'data_minimization', the company is scored at 0.
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Its policy includes standard commitments to destroy or de-identify personal information when no longer needed and to handle unsolicited information appropriately, which aligns with typical industry practices.
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For 'user_data_control', the company is scored at 0.
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It provides standard mechanisms for users to access or correct personal information, opt-out of marketing, and manage cookies, with a defined 30-day response window for complaints.
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Other KPIs such as AI ethics, cybersecurity investment, and encryption standards are not mentioned in the provided articles, as the company's operations are industrial rather than consumer-tech focused.
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Zero Waste & Sustainable Products
-40
As a mining company, the core business involves the extraction of raw materials, which is inherently resource-intensive and generates significant waste (tailings and overburden), running counter to the principles of circularity and waste minimization. Larvotto Resources (LRV.ASX) demonstrates a developing waste management framework at its Hillgrove Mine, though it faces significant legacy and compliance challenges. Regarding waste reduction initiatives, the company has implemented at least four distinct programs: a 'growth media pit' for organic waste recycling, scrap metal stockpiling for contractors, a 'Return and Earn' program for glass/plastic/aluminum, and waste oil recovery.
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These efforts are supported by an ESG policy adopted in July 2022 that emphasizes the waste hierarchy.
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Hazardous waste management is rated at -60; while the company uses licensed contractors for hydrocarbons and maintains spill containment protocols, it is currently managing significant legacy issues, including 7 Mt of historical tailings and a build-up of legacy tires that remained unaddressed during the reporting period.
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Waste audit frequency is tiered at -40 as the company completed an Independent Environmental Audit (IEA) in 2023 for its major facilities.
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However, this audit revealed a poor compliance record (tier -80 for violations), including a non-compliance notice in March 2024 regarding failed rehabilitation at the Bakers Creek Waste Dump and TSF1.
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Waste reduction targets are currently vague (-90), consisting of high-level policy statements without specific quantitative metrics or timelines.
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Supplier requirements (-50) are established in the ESG policy, aiming to source from sustainable producers and prioritize recycled packaging inputs.
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Customer waste education is rated -90 as no formal programs exist, which the company attributes to its current 'Exploration & Assessment' phase rather than consumer-facing production.
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