Larvotto Resources Limited (AU:LRV)
ASX:LRV
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Larvotto Resources Limited
(Sydney:LRV)
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Rating:44Neutral
Price Target:
AU$1.50
▲(27.12% Upside)
Action:Reiterated
Date:06/12/26
The score is driven primarily by weak financial performance (persistent losses, zero 2025 revenue, and significant cash burn alongside increased leverage). Technicals add further pressure with price trading below key moving averages and negative MACD. Valuation provides limited support because the company is unprofitable and has no dividend yield.
Positive Factors
Growing asset base & positive equity
A larger asset base and positive equity provide durable support for ongoing exploration and make the company a more credible counterparty for farm-outs or project financing. This scale can attract partners and underpins long-term project optionality despite near-term losses.
Negative Factors
Zero revenue in 2025
Complete loss of revenue removes a steady source of operating cash and signals material project or commercial disruptions. Over the next 2-6 months this heightens reliance on external funding and makes sustaining exploration programs more dependent on financing outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Growing asset base & positive equity
A larger asset base and positive equity provide durable support for ongoing exploration and make the company a more credible counterparty for farm-outs or project financing. This scale can attract partners and underpins long-term project optionality despite near-term losses.
Read all positive factors
Larvotto Resources Limited (LRV) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$667.35M
Dividend YieldN/A
Average Volume (3M)8.72M
Price to Earnings (P/E)―
Beta (1Y)2.45
Revenue GrowthN/A
EPS Growth11.97%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.04
Shares Outstanding519,340,900
10 Day Avg. Volume12,434,552
30 Day Avg. Volume8,724,777
Financial Highlights & Ratios
PEG Ratio2.02
Price to Book (P/B)5.20
Price to Sales (P/S)0.00
P/FCF Ratio-8.09
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)0.04
Revenue Forecast (FY)AU$86.00M
Larvotto Resources Limited Business Overview & Revenue Model
Company Description
Larvotto Resources Limited, established in 2020 and headquartered in Nedlands, Australia, specializes in the procurement, exploration, assessment, and advancement of mineral assets throughout Australia and New Zealand. The company's exploration ef...
How the Company Makes Money
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Larvotto Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
28
Negative
Cash Flow
10
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 426.10K | 67.91K | 1.41M | 0.00 |
| Gross Profit | -535.90K | -192.28K | 4.99K | 1.39M | -4.45K |
| EBITDA | -19.60M | -13.25M | -4.98M | -1.94M | -1.51M |
| Net Income | -19.11M | -13.62M | -6.42M | -1.96M | -1.51M |
Balance Sheet | |||||
| Total Assets | 263.62M | 44.41M | 17.17M | 7.93M | 5.90M |
| Cash, Cash Equivalents and Short-Term Investments | 179.44M | 27.97M | 2.43M | 6.46M | 4.67M |
| Total Debt | 147.32M | 6.53M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 162.72M | 13.12M | 5.85M | 106.91K | 234.91K |
| Stockholders Equity | 100.90M | 31.29M | 11.32M | 7.83M | 5.67M |
Cash Flow | |||||
| Free Cash Flow | -64.81M | -10.87M | -5.99M | -2.01M | -1.79M |
| Operating Cash Flow | -13.89M | -10.79M | -5.74M | -1.80M | -1.63M |
| Investing Cash Flow | -57.36M | -415.04K | -5.38M | -281.25K | -159.33K |
| Financing Cash Flow | 114.11M | 36.79M | 7.09M | 3.88M | 6.33M |
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% | |
50 Neutral | AU$329.03M | 41.38 | 2.48% | ― | ― | -93.38% | |
49 Neutral | AU$242.49M | 30.00 | 2.29% | ― | ― | ― | |
48 Neutral | AU$463.03M | 14.21 | 5.36% | ― | 1.53% | ― | |
44 Neutral | AU$667.35M | -28.00 | -27.45% | ― | ― | 11.97% | |
42 Neutral | AU$306.37M | -3.39 | -117.09% | ― | ― | -432.83% |
* Basic Materials Sector Average
AU:LRV
Larvotto Resources Limited
1.26
0.65
104.88%
AU:STK
Strickland Metals Ltd
0.09
-0.05
-35.71%
AU:MTM
Mt Monger Resources Ltd.
0.41
-0.18
-30.51%
AU:29M
29metals Ltd.
0.26
0.03
10.64%
AU:CEL
Challenger Exploration Limited
0.12
0.04
43.75%
Larvotto Resources Limited Corporate Events
Larvotto Issues Over 1.4 Million Unquoted Performance Rights Under Incentive Scheme
Jun 18, 2026
Larvotto Resources Limited has issued 1,431,545 unquoted performance rights under its employee incentive scheme, with the new securities recorded on 17 June 2026. The performance rights are subject to transfer restrictions and will not be quoted o...
Larvotto Issues Shares for NSW Property Acquisition Under Cleansing Notice
Jun 16, 2026
Larvotto Resources has issued 289,156 fully paid ordinary shares as consideration for acquiring a property at 405 Chinamans Gully Road in Metz, New South Wales, using its existing placement capacity under ASX Listing Rule 7.1. The company has conf...
Larvotto Resources trims potential dilution as performance rights lapse
Jun 9, 2026
Larvotto Resources Limited has reported a change to its capital structure through the lapse of a tranche of performance rights. The update specifies that 202,500 LRVAH performance rights have ceased after conditions attached to those rights were n...
Larvotto Secures Glencore Offtake for Hillgrove Gold Concentrate
Jun 9, 2026
Larvotto Resources has signed a binding offtake agreement with Glencore International for gold concentrate from the Hillgrove gold-antimony project in New South Wales covering the first seven years of production and an expected 15,000 dry metric t...
Larvotto Requests Trading Halt Ahead of Material Acquisition Announcement
Jun 8, 2026
Larvotto Resources Limited has requested a trading halt in its securities on the ASX from the start of trading on 9 June 2026, pending the release of an announcement regarding a proposed material acquisition. Trading in LRV shares is expected to r...
Larvotto Director Increases Shareholding via Performance Rights Exercise
May 29, 2026
Larvotto Resources has disclosed a change in the interests of director Ronald Stephen Heeks following the exercise of performance rights. Heeks acquired 850,000 fully paid ordinary shares through a non-cash conversion of performance rights that we...
Larvotto Issues Shares on Vesting of Director Performance Rights
May 29, 2026
Larvotto Resources Limited has confirmed the vesting and exercise of 850,000 performance rights previously granted to Director Ron Heek under its Long-Term Incentive Plan, resulting in the issue of an equivalent number of ordinary shares. The righ...
Larvotto Resources Seeks ASX Quotation for 850,000 Incentive Scheme Shares
May 29, 2026
Larvotto Resources Limited has applied for quotation on the ASX of 850,000 ordinary fully paid shares, with an issue date of May 29, 2026. These securities were previously issued under an employee incentive scheme and are now becoming transferable...
Larvotto shareholders back board, pay resolutions at AGM
May 29, 2026
Larvotto Resources Limited has reported the voting outcomes of resolutions put to shareholders at its Annual General Meeting held on 29 May 2026. The results confirm strong investor support for the company’s existing board structure and exec...
Larvotto Resources Tightens Capital Structure as Performance Rights Lapse
May 26, 2026
Larvotto Resources Limited has reported the lapse of 649,523 performance rights, which ceased on 30 April 2026 after the conditions attached to those rights were not met or became incapable of being satisfied. The cessation of these securities eff...
Larvotto hits first ore milestone at Hillgrove as restart advances on schedule
May 11, 2026
Larvotto Resources has delivered the first development ore from the Metz underground mine to surface stockpiles at its Hillgrove Antimony-Gold Project, marking a key step toward restarting production. Underground development, including 170 metres ...
Larvotto Targets High-Grade Gold-Tungsten Potential at Hillgrove’s Curry’s Block
May 10, 2026
Larvotto Resources has identified high-grade gold, antimony and tungsten mineralisation over a 1km strike length at the Curry’s Block prospect within its Hillgrove project. The prospect lies just 4.5km from the existing Hillgrove processing ...
Larvotto Extends High-Grade Midas Gully Lode at Hillgrove
May 3, 2026
Larvotto Resources has reported further strong drilling and surface sampling results from the Metz Mining Centre within its 100%-owned Hillgrove Antimony-Gold Project in New South Wales. The program, focused on the Midas Gully target, continues to...
Larvotto Advances Hillgrove Restart as Antimony Gains Critical Status
Apr 30, 2026
Larvotto’s March quarter update underscores rapid progress at its Hillgrove antimony‑gold project, with plant refurbishment on schedule and exploration drilling delivering high‑grade antimony, gold and tungsten intercepts across ...
Larvotto Resources sets 2026 AGM with digital-first access for shareholders
Apr 29, 2026
Larvotto Resources Limited has called its Annual General Meeting for 29 May 2026 at its Nedlands, Western Australia offices, inviting shareholders to attend or participate via proxy voting. The company is encouraging investors to lodge proxy forms...
Larvotto flags mid-2026 start for Hillgrove antimony-gold output
Apr 15, 2026
Larvotto Resources Limited has presented an investor update on its Hillgrove antimony-gold project, highlighting its ambition to become Australia’s next critical mineral producer with production targeted to commence in mid-2026. The company ...
Larvotto Advances Hillgrove Project as Australia Ramps Up Antimony Stockpile
Apr 14, 2026
Larvotto Resources reports that development of its Hillgrove Antimony-Gold Project in New South Wales remains on time and on budget, with plant refurbishment, underground works and permitting progressing toward first production in mid-2026. The si...
Larvotto Taps Former Senator as Strategic Adviser to Strengthen Critical Minerals Role
Apr 9, 2026
Larvotto Resources has appointed former Australian Senator The Hon. David Fawcett as a Strategic Advisor to guide its engagement with government, defence and strategic partners. His 12-month advisory role will focus on optimising supply chain path...
Larvotto Sets AGM Date and Director Nomination Deadline for May 2026
Apr 2, 2026
Larvotto Resources Limited has scheduled its Annual General Meeting for 29 May 2026 and set 9 April 2026 as the deadline for shareholders to submit valid nominations for board director positions. Shareholders will receive a formal notice of meetin...
Larvotto Drilling at Metz Delivers Thick Antimony-Gold-Tungsten Zones for Resource Upgrade
Apr 1, 2026
Larvotto Resources reported strong diamond drilling results from the Blacklode Prospect within the Metz Mining Centre at its Hillgrove Antimony-Gold Project in New South Wales. The program continues to return wide, consistent zones of antimony, go...
Larvotto Sets Mid‑2026 Target in 2025 Annual Report as It Aims to Become Critical Mineral Producer
Mar 30, 2026
Larvotto Resources Limited has released its 2025 annual report, outlining its operational review, financial statements, governance disclosures, and audit reports for the year. The report highlights the company’s strategic goal of becoming Au...
Larvotto Resources Outlines 2025 Corporate Governance Framework
Mar 30, 2026
Larvotto Resources Limited has released its 2025 Corporate Governance Statement, outlining its adherence to the ASX Corporate Governance Council’s Principles and Recommendations. The board stresses that robust governance structures are centr...
Larvotto Resources Trims Capital Structure as Performance Rights Lapse
Mar 18, 2026
Larvotto Resources Limited has reported changes to its issued capital following the lapse of certain performance rights listed on the ASX under the code LRVAH. These instruments form part of the company’s equity-based incentives and are cond...
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
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.