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Larvotto Resources Limited ( (AU:LRV) ) has provided an update.
Larvotto Resources Limited has successfully completed the first drawdown of US$31.5 million from its US$105 million Senior Secured Bond issue. The funds will be used for the construction and development of the Hillgrove Antimony-Gold Project, ensuring the company is fully funded for the restart of the Hillgrove Mine. This strategic financial move positions Larvotto strongly in the market, supported by a robust cash position.
More about Larvotto Resources Limited
Larvotto Resources Limited is a company focused on advancing its portfolio of mineral projects, including the Hillgrove Antimony-Gold Project in New South Wales, the Mt Isa copper, gold, and cobalt project in Queensland, and the Eyre multi-metals project in Western Australia. The board comprises experienced explorers, corporate financiers, and ESG specialists.
Average Trading Volume: 6,917,962
Technical Sentiment Signal: Buy
Current Market Cap: A$631.1M
Learn more about LRV stock on TipRanks’ Stock Analysis page.