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Larvotto Resources Limited ( (AU:LRV) ) has issued an announcement.
Larvotto Resources Limited has commenced underground development at its Hillgrove Antimony-Gold Project in New South Wales, following the mobilisation of contractor PYBAR Mining Services to site. The works, starting in the Metz zone and progressing to Garibaldi, form part of a planned 20km underground development program over an initial four-year term and include decline and lateral development, rehabilitation, ground support and haulage. With over 70 Larvotto employees and around 80 third-party personnel now on site, the development marks one of the final steps toward restarting underground mining and supplying ore to the Hillgrove processing plant, underscoring the company’s transition from project preparation into full execution and near-term production.
More about Larvotto Resources Limited
Larvotto Resources Limited is an Australian mineral exploration and development company focused on the Hillgrove Antimony-Gold Project in New South Wales. The company is advancing this 100%-owned underground operation, targeting antimony and gold production through the redevelopment and expansion of an existing mine and processing infrastructure.
Average Trading Volume: 6,755,969
Technical Sentiment Signal: Buy
Current Market Cap: A$527.9M
See more data about LRV stock on TipRanks’ Stock Analysis page.