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An update from Larvotto Resources Limited ( (AU:LRV) ) is now available.
Larvotto Resources Limited announced promising results from metallurgical testwork at its Hillgrove project, achieving a 90% tungsten recovery rate. The testwork suggests that a simple and cost-effective processing circuit could produce a saleable tungsten concentrate, enhancing the project’s economics. With tungsten historically present in the same veins as antimony and gold, the company is exploring its recovery as a byproduct due to record-high prices and existing processing infrastructure. The results indicate minimal tungsten losses and potential for commercial-grade production, positioning Larvotto to add tungsten to its production schedule, benefiting stakeholders and enhancing its market position.
More about Larvotto Resources Limited
Larvotto Resources Limited operates in the mining industry, focusing on the extraction and processing of minerals such as antimony, gold, and now tungsten. The company is engaged in the exploration and development of its Hillgrove project in New South Wales, Australia, which has shown potential for significant tungsten resources.
Average Trading Volume: 6,748,243
Technical Sentiment Signal: Buy
Current Market Cap: A$589M
Find detailed analytics on LRV stock on TipRanks’ Stock Analysis page.