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Larvotto Resources Limited ( (AU:LRV) ) has shared an announcement.
Larvotto Resources’ December quarter update underscores rapid progress at its Hillgrove antimony-gold project, where plant refurbishment is on schedule and budget, underground development has commenced with PYBAR Mining Services, and a series of high-grade drilling results continue to confirm the scale and quality of the mineralised system, including significant associated tungsten that metallurgical test work indicates could become a third revenue stream. The company also strengthened its growth pipeline by securing an exclusive option over the historic Blockade Copper Mine at Mt Isa and starting a validation and extension drilling program, while rejecting a non-binding takeover approach from US Antimony Corporation and maintaining a strong funding position with A$70.3 million in cash and an undrawn A$109.8 million bond facility to underpin the planned restart of Hillgrove production in mid-2026, positioning Larvotto as a key future supplier of critical antimony outside China.
The most recent analyst rating on (AU:LRV) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Larvotto Resources Limited stock, see the AU:LRV Stock Forecast page.
More about Larvotto Resources Limited
Larvotto Resources Limited is an ASX-listed mineral exploration and development company focused on antimony, gold and copper. Its flagship Hillgrove Project in New South Wales hosts a 1.7-million-ounce gold-equivalent resource, making it Australia’s largest antimony deposit and one of the top antimony resources globally, underpinned by existing underground operations and processing infrastructure. The company also holds the Mt Isa Project in Queensland, where it is targeting copper through both existing tenements and a potential acquisition of the historic Blockade Copper Mine.
Average Trading Volume: 4,221,200
Technical Sentiment Signal: Hold
Current Market Cap: A$763.5M
For an in-depth examination of LRV stock, go to TipRanks’ Overview page.