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Larvotto Resources Limited
(Sydney:LRV)
Larvotto Resources Limited (LRV) vs. iShares MSCI Australia ETF (EWA)
Larvotto Resources Limited Business Overview & Revenue Model
Larvotto Resources Limited Financial Statement Overview
| 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
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% | |
59 Neutral | AU$387.22M | 9.32 | 13.77% | ― | ― | ― | |
51 Neutral | AU$610.68M | -20.25 | -90.88% | ― | ― | ― | |
| ― | ― | ― | ― | ― | ― | ― | |
55 Neutral | AU$782.23M | -10.03 | -8.58% | ― | 28.45% | 79.93% | |
53 Neutral | AU$457.61M | 1,025.00 | 0.41% | ― | ― | ― | |
50 Neutral | AU$602.48M | -12.23 | -150.61% | ― | ― | -186.15% |
Larvotto Resources Limited Corporate Events
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.
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 company’s commitment to rewarding employee loyalty and aligning staff incentives with corporate goals.
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 a routine adjustment in the company’s issued capital, which may impact the company’s financial structuring and stakeholder interests.
Larvotto Resources Limited has announced the issuance of 1,004,025 performance rights under an employee incentive scheme. These securities are unquoted and subject to transfer restrictions, reflecting the company’s strategy to incentivize and retain key personnel, potentially impacting its operational efficiency and stakeholder engagement.
Larvotto Resources Limited has issued 22,838 fully paid ordinary shares following the conversion of options at $0.30 per share. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act 2001, but falls within the exemption provided by section 708A(5) of the Act, allowing for the on-sale of these securities.
Larvotto Resources Limited has announced the quotation of 22,838 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move indicates the company’s ongoing efforts to manage its capital structure and enhance liquidity. The issuance of these securities is a result of options being exercised or other convertible securities being converted, reflecting the company’s strategic financial maneuvers.
Larvotto Resources Limited, a company listed on the Australian Securities Exchange (ASX: LRV), has issued 54,377 fully paid ordinary shares following the conversion of options at $0.30 per share. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act 2001, but falls under the exemption provided by section 708A(5) of the Act, allowing the shares to be on-sold without restriction. The company has complied with relevant provisions of the Corporations Act and confirms that there is no undisclosed information that would impact investors’ assessments of the company’s financial position or the rights attached to the shares.
Larvotto Resources Limited has announced the quotation of 54,377 fully paid ordinary securities on the Australian Securities Exchange (ASX). This development marks a strategic move to enhance the company’s capital structure and improve its market presence, potentially impacting its operational capacity and stakeholder interests positively.
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.
Larvotto Resources Limited has issued 135,693 fully paid ordinary shares following the conversion of options at $0.30 per share. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act, and the shares are exempt from on-sale restrictions under section 708A(5) of the Act. The company has confirmed compliance with relevant provisions of the Corporations Act and ASX Listing Rules, ensuring transparency and informed decision-making for investors.
Larvotto Resources Limited has announced the quotation of 135,693 ordinary fully paid securities on the Australian Securities Exchange (ASX), following the exercise of options or conversion of other convertible securities. This development may enhance the company’s liquidity and provide additional capital for its operations, potentially strengthening its market position and offering new opportunities for stakeholders.
Larvotto Resources Limited has acquired the ECORE core scanning system to enhance its exploration and metallurgical development activities at the Hillgrove Antimony-Gold Project. This advanced technology allows for near real-time analysis of drill cores, optimizing geological logging, sample selection, and process control. The integration of ECORE is expected to accelerate Larvotto’s exploration efforts and improve decision-making, positioning the company to become a major player in the global antimony market by potentially producing 7% of the world’s antimony requirement.
Larvotto Resources Limited has secured an exclusive option to acquire the Blockade Mine, which is strategically located within its existing Mt Isa tenements in Queensland. This acquisition is seen as a significant step towards enhancing their regional operations, with the potential to transform the area into a near-term copper production hub. The company plans to conduct a drilling program to validate historical data and explore further mineralization, which could lead to a substantial development opportunity.
Larvotto Resources Limited, listed on the ASX under the ticker LRV, has issued 8,360 fully paid ordinary shares following the conversion of options at $0.30 per share. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act 2001, and the shares are exempt from on-sale restrictions under section 708A(5) of the Act. The company has complied with all relevant provisions of the Corporations Act and there is no undisclosed information that would affect investors’ assessments of the company’s financial position or the rights attached to the shares.
Larvotto Resources Limited has issued 44,445 fully paid ordinary shares following the conversion of options at $0.30 per share. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act, and the shares are exempt from on-sale restrictions under section 708A(5) of the Act, ensuring compliance with relevant legal provisions.
Larvotto Resources Limited has announced the quotation of 44,445 fully paid ordinary securities on the Australian Securities Exchange (ASX), following the exercise of options or conversion of other convertible securities. This move is part of the company’s ongoing efforts to enhance its market presence and provide additional value to its stakeholders.
Larvotto Resources Limited has released a company presentation as part of its North American investor roadshow, highlighting significant developments in the Hillgrove Gold-Antimony Project. Key achievements in the latter half of 2025 include successful exploration results, progress in plant upgrades, and preparations for underground mining, with the first production anticipated in early 2026. These advancements aim to establish Hillgrove as a long-term operation, enhancing Larvotto’s position in the minerals industry.
Larvotto Resources Limited announced promising results from metallurgical testwork at its Hillgrove project, achieving a 90% tungsten recovery rate. The testwork suggests that a simple and cost-effective processing circuit could produce a saleable tungsten concentrate, enhancing the project’s economics. With tungsten historically present in the same veins as antimony and gold, the company is exploring its recovery as a byproduct due to record-high prices and existing processing infrastructure. The results indicate minimal tungsten losses and potential for commercial-grade production, positioning Larvotto to add tungsten to its production schedule, benefiting stakeholders and enhancing its market position.
Larvotto Resources Limited has issued 555,555 fully paid ordinary shares following the conversion of options at $0.30 per share. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act, but falls within the exemption provided by section 708A(5) of the Act, allowing the shares to be on-sold without restrictions. The company confirms compliance with relevant provisions of the Corporations Act and states that no undisclosed information would impact investors’ informed assessment of the company’s financial position or the rights attached to the shares.
Larvotto Resources Limited has announced the issuance of 555,555 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code LRV. This move is part of the company’s strategy to leverage convertible securities, potentially enhancing its capital structure and market presence.
Larvotto Resources Limited announced promising results from its maiden diamond drilling program at the Freehold prospect within the Hillgrove Antimony-Gold Project. The drilling confirmed significant antimony-gold mineralization and high-grade tungsten, highlighting the multi-commodity potential of the project. With record high prices for these metals, Larvotto sees an opportunity to establish a new underground mining center at Freehold, enhancing its market position and offering potential value for stakeholders.
Larvotto Resources Limited announced the cessation of 243,000 performance rights due to the lapse of conditional rights that were not satisfied. This development may impact the company’s capital structure and could influence investor perception regarding the company’s ability to meet certain performance conditions.
Larvotto Resources Limited, a company listed on the Australian Securities Exchange, has issued 211,111 fully paid ordinary shares following the conversion of options priced at $0.30 per share. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act, and the shares are exempt from on-sale restrictions under section 708A(5) of the Act. The company has confirmed compliance with relevant provisions of the Corporations Act and has stated that no additional information is required for investors to assess the company’s financial position or the rights attached to the shares.
Larvotto Resources Limited has announced the quotation of 211,111 new ordinary fully paid securities on the Australian Securities Exchange (ASX) as of November 5, 2025. This move is part of the company’s strategy to enhance its capital structure and potentially improve its market positioning, impacting its stakeholders by increasing the liquidity of its shares.
Larvotto Resources Limited has signed a contract with PYBAR Mining Services for the underground development of its Hillgrove Antimony-Gold Project in New South Wales. This agreement marks a crucial step in Larvotto’s plan to commence production by 2026, with the project expected to produce significant quantities of antimony and gold. The contract with PYBAR, known for its extensive experience in underground mining, will involve 20km of underground development over four years. This development is part of a broader strategy that includes upgrading the processing plant, funded by a recent equity raise and bond issue, ensuring the project remains on schedule.
Larvotto Resources Limited, listed on the ASX under the ticker LRV, has issued 135,693 fully paid ordinary shares following the conversion of options at $0.30 per share. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act, but falls under an exemption that allows the on-sale of these securities. The company has complied with relevant provisions of the Corporations Act and asserts that there is no undisclosed information that would affect an informed assessment of the company’s financial position or the rights and liabilities of the shares.
Larvotto Resources Limited has announced the quotation of 135,693 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move follows the exercise of options or conversion of other convertible securities, indicating a strategic step to enhance liquidity and potentially broaden its investor base.
Larvotto Resources Limited has announced successful results from its initial diamond drilling at the Blacklode Prospect within the Hillgrove Antimony-Gold Project. The drilling revealed wide zones of antimony and gold mineralization, with high-grade, near-surface mineralization identified. These results are expected to contribute to a resource and reserve upgrade at the Metz Mining Centre. The ongoing drilling program aims to expand the resource base and explore additional mineralized structures, positioning Hillgrove for both immediate resource additions and long-term growth potential.
United States Antimony Corporation (USAC) has proposed to acquire 100% of Larvotto Resources Limited, aiming to create one of the largest antimony producers outside China. This proposal offers Larvotto shareholders a significant premium and reflects USAC’s commitment to building a leading player in the critical minerals industry. The transaction is subject to shareholder and regulatory approvals, and USAC has already acquired a 10% stake in Larvotto, positioning itself as the largest single shareholder.
Larvotto Resources Limited has received a non-binding indicative offer from United States Antimony Corporation (USAC) to acquire the remaining shares not owned by USAC, proposing a fixed exchange ratio of 6 USAC shares for every 100 Larvotto shares. The offer, valued at A$1.40 per Larvotto share, follows USAC’s acquisition of a 10% shareholding in Larvotto. The offer is subject to conditions and may not lead to a binding proposal. Larvotto’s board is reviewing the offer with the assistance of financial and legal advisers and will provide guidance to shareholders in due course.
Larvotto Resources Limited has signed an Engineering, Procurement, and Construction Management (EPCM) contract with MACA-Interquip-Mintrex (MIQM) for the upgrade of its processing plant at the Hillgrove Antimony-Gold Project. The upgrade aims to enhance the plant’s throughput to approximately 0.525 Mtpa and includes the addition of an ultra-fine grinding circuit and a filtered tailings circuit. This development positions Larvotto as a significant player in the antimony market, with production expected to commence in Q3 2026. The project is progressing well, with early works underway and a focus on building a local workforce, which supports the community and ensures a stable supply chain.