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Larvotto Resources Limited ( (AU:LRV) ) has shared an update.
Larvotto Resources Limited reported exceptional results from its December 2024 quarterly activities, driven by significant high-grade gold and antimony intercepts at its Hillgrove Project. With strategic developments including a $30 million capital raise, a binding offtake agreement, and the appointment of MACA Interquip Mintrex as the Study Manager for the Definitive Feasibility Study, the company is poised to commence production by late 2025. The anticipated supply of 7% of global antimony production is particularly crucial given China’s recent ban on antimony exports to the United States, highlighting Hillgrove’s strategic importance. The company’s strengthened financial position allows it to accelerate project development and infrastructure readiness, as antimony prices reach record highs.
More about Larvotto Resources Limited
Larvotto Resources Limited operates in the mining industry, focusing on antimony and gold extraction. The company is advancing its Hillgrove Antimony-Gold Project in New South Wales, which is one of the top global antimony deposits and Australia’s largest. The project includes significant gold resources and untested tungsten mineralization, situated near key infrastructure and urban centers.
YTD Price Performance: 29.00%
Average Trading Volume: 4,290,177
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$263.9M
Learn more about LRV stock on TipRanks’ Stock Analysis page.
