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Larvotto Resources Limited ( (AU:LRV) ) has provided an announcement.
Larvotto Resources Limited has approved the development of the Hillgrove Antimony-Gold Project in New South Wales, following the successful securing of US$105 million in bonds and AUD$60 million in equity. The project is fully funded with a capital cost of $140 million, and construction is underway, targeting production by Q2 2026. This development positions Larvotto as a significant player in the critical minerals market, particularly as Hillgrove is expected to be the only new antimony source outside China in the next four years, enhancing Australia’s role in the global supply chain.
More about Larvotto Resources Limited
Larvotto Resources Limited operates in the critical minerals industry, focusing on the extraction and production of antimony and gold. The company is positioned to become a leading supplier of these minerals, particularly antimony, which is crucial for applications in solar, battery, and defense sectors.
Average Trading Volume: 4,018,980
Technical Sentiment Signal: Buy
Current Market Cap: A$290.8M
See more data about LRV stock on TipRanks’ Stock Analysis page.