Larvotto Resources Limited (AU:LRV)
ASX:LRV
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Larvotto Resources Limited
(Sydney:LRV)
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Rating:53Neutral
Price Target:
AU$1.50
▲(27.12% Upside)
Action:ReiteratedDate:01/22/26
The score is held back primarily by weak financial performance (deep losses and accelerating cash burn, with rising debt risk). Technicals are a key offset with strong upward momentum and price above major moving averages, though overbought signals temper the outlook. Valuation is also constrained by negative earnings and no dividend support.
Positive Factors
Balance Sheet Strength
A meaningful equity base and only moderate leverage provide durable financial flexibility for a junior explorer. This supports ongoing resource definition drilling and technical studies without immediate insolvency risk, improving runway to advance projects or secure JV funding over the next several months.
Negative Factors
Sustained Unprofitability
Persistent gross and operating losses erode shareholder equity and indicate the business is not yet generating scalable margins. Over several months this undermines internal funding capacity, raises the likelihood of dilutive capital raises, and makes it harder to attract low-cost external financing needed to advance development milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
A meaningful equity base and only moderate leverage provide durable financial flexibility for a junior explorer. This supports ongoing resource definition drilling and technical studies without immediate insolvency risk, improving runway to advance projects or secure JV funding over the next several months.
Read all positive factors
Larvotto Resources Limited (LRV) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$513.02M
Dividend YieldN/A
Average Volume (3M)8.72M
Price to Earnings (P/E)―
Beta (1Y)2.31
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.03
Shares Outstanding518,201,700
10 Day Avg. Volume12,434,552
30 Day Avg. Volume8,724,777
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)4.37
Price to Sales (P/S)320.60
P/FCF Ratio-12.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.1
Revenue Forecast (FY)AU$109.00M
Larvotto Resources Limited Business Overview & Revenue Model
Company Description
Larvotto Resources Limited engages in the acquisition, exploration, evaluation, and development of mineral resources in Australia and New Zealand. The company explores for copper, gold, cobalt, nickel, and lithium deposits, as well as platinum gro...
How the Company Makes Money
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Larvotto Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
56
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.40M | 426.10K | 67.91K | 1.41M | 0.00 | 0.00 |
| Gross Profit | 910.44K | -192.28K | 4.99K | 1.39M | -4.45K | 0.00 |
| EBITDA | -20.51M | -13.25M | -4.98M | -1.94M | -1.51M | -62.24K |
| Net Income | -21.48M | -13.62M | -6.42M | -1.96M | -1.51M | -62.24K |
Balance Sheet | ||||||
| Total Assets | 53.93M | 44.41M | 17.17M | 7.93M | 5.90M | 140.02K |
| Cash, Cash Equivalents and Short-Term Investments | 26.58M | 27.97M | 2.43M | 6.46M | 4.67M | 130.00K |
| Total Debt | 6.25M | 6.53M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 15.56M | 13.12M | 5.85M | 106.91K | 234.91K | 196.26K |
| Stockholders Equity | 38.37M | 31.29M | 11.32M | 7.83M | 5.67M | -56.24K |
Cash Flow | ||||||
| Free Cash Flow | -24.52M | -10.87M | -5.99M | -2.01M | -1.79M | -62.24K |
| Operating Cash Flow | -15.92M | -10.79M | -5.74M | -1.80M | -1.63M | -62.24K |
| Investing Cash Flow | -8.94M | -415.04K | -5.38M | -281.25K | -159.33K | 0.00 |
| Financing Cash Flow | 51.06M | 36.79M | 7.09M | 3.88M | 6.33M | 780.00K |
Larvotto Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | AU$339.54M | 4.86 | 13.06% | ― | ― | ― | |
53 Neutral | AU$513.02M | -5.72 | -61.67% | ― | ― | ― | |
52 Neutral | AU$473.74M | -55.50 | 0.41% | ― | ― | ― | |
48 Neutral | AU$602.82M | 34.64 | -8.58% | ― | 28.45% | 79.93% | |
42 Neutral | AU$386.84M | -6.45 | -117.09% | ― | ― | -186.15% |
* Basic Materials Sector Average
AU:LRV
Larvotto Resources Limited
1.00
0.11
13.07%
AU:STK
Strickland Metals Ltd
0.19
0.11
131.25%
AU:MTM
Mt Monger Resources Ltd.
0.57
0.41
267.74%
AU:29M
29metals Ltd.
0.35
0.18
114.29%
AU:CEL
Challenger Exploration Limited
0.14
0.08
133.33%
Larvotto Resources Limited Corporate Events
Larvotto Resources Issues Over 2.1 Million Unquoted Performance Rights
Mar 16, 2026
Larvotto Resources Limited has issued 2,145,634 unquoted performance rights under its employee incentive scheme, effective 13 March 2026. These performance rights are subject to transfer restrictions and will not be quoted on the ASX until those r...
Larvotto Resources Cuts 18,000 Unvested Performance Rights From Capital Structure
Mar 4, 2026
Larvotto Resources Limited has notified the market of changes to its issued capital following the lapse of 18,000 performance rights. These rights, identified as LRVAH, ceased on 26 February 2026 because the conditions attached to them were not me...
Larvotto Builds Experienced Team as Hillgrove Antimony-Gold Project Targets 2026 Production
Mar 3, 2026
Larvotto Resources is advancing its Hillgrove Antimony-Gold Project in Australia, with first production targeted for mid-2026 as it seeks to become one of the country’s next critical mineral producers. The company has assembled an experience...
Larvotto Issues New Shares on Vesting of Performance Rights Under Incentive Plan
Feb 26, 2026
Larvotto Resources has confirmed that 184,091 performance rights granted under its Long-Term Incentive Plan have vested and been exercised, resulting in the issue of an equivalent number of ordinary shares. The new shares were issued under ASX Lis...
Larvotto Seeks ASX Quotation for Employee Incentive Shares
Feb 26, 2026
Larvotto Resources Limited has applied for quotation on the ASX of 184,091 fully paid ordinary shares, with the securities dated 26 February 2026. These shares were previously issued under an employee incentive scheme, and the move to quote them i...
Larvotto Targets Near-Term Antimony-Gold Production to Tap Critical Minerals Demand
Feb 9, 2026
Larvotto Resources has highlighted its Hillgrove antimony-gold project as the foundation for becoming one of Australia’s next critical mineral producers within about five months. The company emphasizes significant exploration upside across i...
Larvotto Drilling Extends High-Grade Gold-Antimony-Tungsten at Hillgrove’s Freehold Prospect
Feb 4, 2026
Larvotto Resources has reported further strong diamond drilling results from the Freehold prospect at its Hillgrove Antimony-Gold Project, confirming broad, high-grade gold-antimony-tungsten mineralisation across multiple lodes and demonstrating c...
Larvotto Advances Hillgrove Restart and Expands Copper Pipeline as Cash Position Strengthens
Jan 30, 2026
Larvotto Resources’ December quarter update underscores rapid progress at its Hillgrove antimony-gold project, where plant refurbishment is on schedule and budget, underground development has commenced with PYBAR Mining Services, and a serie...
Larvotto Advances Hillgrove Restart and Broadens Critical Minerals Growth Pipeline
Jan 18, 2026
Larvotto Resources has reported steady operational progress across its Australian project portfolio, led by the Hillgrove antimony-gold project where processing plant refurbishment remains on budget and on schedule, underground development and sit...
Larvotto Converts 100,000 Performance Rights Into Ordinary Shares Under Incentive Plan
Jan 15, 2026
Larvotto Resources Limited has converted 100,000 vested performance rights into an equivalent number of ordinary shares under its Long-Term Incentive Plan following a resolution of the board. The newly issued shares, for which an application for q...
Larvotto Seeks ASX Quotation for 100,000 New Ordinary Shares
Jan 15, 2026
Larvotto Resources Limited has applied to the ASX for quotation of 100,000 new fully paid ordinary shares under its issuer code LRV. The new securities, issued on 15 January 2026 following the exercise or conversion of existing options or other co...
Larvotto Backs Canberra’s Critical Minerals Push as Hillgrove Antimony Project Advances
Jan 12, 2026
Larvotto has welcomed the Australian Government’s $1.2 billion Critical Minerals Strategic Reserve, which has prioritised antimony alongside gallium and rare earths to secure long-term supplies for Australia and allied nations. The move unde...
Larvotto Drilling Extends High-Grade Antimony-Gold at Metz Mining Centre
Jan 11, 2026
Larvotto Resources has reported multiple high-grade gold-antimony and associated tungsten intercepts from diamond drilling at the Blacklode Prospect within the Metz Mining Centre, part of its Hillgrove Antimony-Gold Project in New South Wales. The...
Larvotto Drilling Confirms High-Grade Antimony-Gold and Tungsten at Hillgrove’s Clarks Gully
Jan 7, 2026
Larvotto Resources has reported strong diamond drilling results from the Clarks Gully prospect at its Hillgrove project, confirming significant antimony-gold mineralisation at depth and along strike, particularly to the north, and demonstrating a ...
Larvotto Starts Underground Development to Restart Hillgrove Antimony-Gold Mine
Dec 22, 2025
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 progressin...
Larvotto Resources Announces Vesting of Employee Performance Rights
Dec 17, 2025
Larvotto Resources Limited announced the vesting of 693,410 employee performance rights, which were contingent upon two years of continuous service. This development is part of Larvotto’s Long Term Incentive Plan, reflecting the company̵...
Larvotto Resources Announces Cessation of Securities
Dec 17, 2025
Larvotto Resources Limited has announced the cessation of certain securities, specifically the expiration of options set to expire on December 16, 2025, without being exercised or converted. This cessation involves 694,159 securities and reflects ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
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