Larvotto Resources Limited ( (AU:LRV) ) has provided an announcement.
Larvotto Resources Limited has acquired Echidna Gully, an accommodation facility near its Hillgrove Antimony-Gold Project in New South Wales, to support its expanding workforce as the project moves towards production. This strategic acquisition is expected to enhance operational efficiency by providing convenient lodging for employees, thereby saving costs and time. The Hillgrove Mine is anticipated to supply 7% of the global antimony market, benefiting from current high prices driven by supply constraints and geopolitical factors.
More about Larvotto Resources Limited
Larvotto Resources Limited is a company operating in the mining industry, focusing on the extraction and production of antimony and gold. The company is engaged in the development of the Hillgrove Antimony-Gold Project, which is poised to become a significant player in the global antimony market.
YTD Price Performance: 68.69%
Average Trading Volume: 4,441,623
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$342.2M
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