Larvotto Resources Limited (AU:LRV) has released an update.
Larvotto Resources Limited has announced promising results from a preliminary study conducted by Mincore on the Hillgrove Gold & Antimony Project, revealing that the plant’s capacity can be doubled with minimal modifications, potentially producing high-grade gold and antimony concentrates. The findings suggest that the plant could process 500,000 tonnes per annum, a significant increase from the historical 220,000 tpa, with the added benefit of improved production costs and revenue from sales. Larvotto Resources is set to commence detailed studies following these encouraging outcomes.
For further insights into AU:LRV stock, check out TipRanks’ Stock Analysis page.
