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An announcement from Larvotto Resources Limited ( (AU:LRV) ) is now available.
Larvotto Resources Limited has released a Definitive Feasibility Study (DFS) for its Hillgrove Antimony-Gold Project, which indicates a promising valuation and improved economic outcomes. The study outlines an initial mine life of eight years, with potential for extension, and highlights significant exploration opportunities. The company has received formal approval for mining and processing at Hillgrove, with production expected to commence in 2026. Additionally, Larvotto has secured a US$105M debt facility and AU$60M in equity raising to fund the project, ensuring operations will begin in the second quarter of 2026.
More about Larvotto Resources Limited
Larvotto Resources Limited is a company operating in the mining industry, focusing primarily on antimony and gold extraction. The company is engaged in the development of the Hillgrove Antimony-Gold Project in New South Wales, Australia, which is one of the top global antimony deposits and the largest in Australia. The project also includes high-grade gold and untested tungsten mineralization.
Average Trading Volume: 4,006,122
Technical Sentiment Signal: Buy
Current Market Cap: A$317.6M
For a thorough assessment of LRV stock, go to TipRanks’ Stock Analysis page.