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Asia

Larvotto Resources Sets Preferred Exploration Target at New South Wales Antimony-Gold Project

Larvotto Resources (ASX:LRV) set a preferred exploration target of 3.95 million tonnes at 5.16 grams per tonne grade of gold equivalent for the Midas Lode at its Hillgrove antimony-gold project in New South Wales, according to a Tuesday filing with the Australian bourse.The exploration target is modeled on a contained gold-equivalent volume range of 223,000 ounces to about 2.9 million ounces, and a tonnage range of 2.7 million tonnes to 10.7 million tonnes, per the filing.The Midas Lode has been drilled-tested down to 560 meters with a potential strike length of more than 900 meters, the company said.It added that ongoing exploration modelling has also flagged a potential northern extension to Coxes Reef, an undrilled parallel structure to Midas.Larvotto Resources shares fell about 1% in recent Tuesday trade.

ASX:LRV
Asia

Larvotto Resources Enters Into Scheme Implementation Deed to Acquire Hammer Metals

Larvotto Resources (ASX:LRV) entered into a binding scheme implementation deed to acquire all the shares of Hammer Metals (ASX:HMX) through a scheme of arrangement, according to a Thursday filing with the Australian bourse.Hammer Metals shareholders will receive one new Larvotto share for every 22 Hammer shares held at the scheme record date, the filing said.After implementation of the scheme, Larvotto shareholders and Hammer Metals shareholders are expected to own about 92.7% and 7.3%, respectively, of the combined entity.The board of Hammer Metals unanimously recommended that shareholders vote in favor of the scheme, provided there is no superior proposal and the independent expert continues to conclude that the scheme is in the best interest of shareholders, per the filing.

ASX:HMXASX:LRV
Asia

Larvotto Resources Signs Seven-Year Gold Concentrate Offtake Agreement With Glencore for New South Wales Project

Larvotto Resources (ASX:LRV) executed a binding offtake agreement with Glencore for the sale of gold concentrate produced during the first seven years of mining at its Hillgrove gold-antimony project in New South Wales, according to a Tuesday Australian bourse filing.The company said the agreement covers an expected annual offtake of about 15,000 dry metric tonnes of concentrate, with payment based on London Bullion Market Association (LBMA) gold prices adjusted for contained gold content.Gold concentrate is expected to form a significant component of Hillgrove's revenue profile alongside antimony. Commissioning of the project is expected in August, it added.

ASX:LRV
Asia

Larvotto Resources Completes Initial Metallurgical Flotation Test Work on Tailings From New South Wales Antimony-Gold Project

Larvotto Resources (ASX:LRV) said initial metallurgical flotation test work on material from the tailings storage facility 1 at its Hillgrove antimony-gold project in New South Wales achieved 80% to 95% recoveries for antimony and 40% to 75% gold recoveries, according to a Thursday Australian bourse filing.This confirmed that that residual antimony and gold within the around 1.4-million-tonne legacy tailings facility are recoverable using conventional flotation methods, per the filing.A staged flotation flowsheet was evaluated, comprising selective antimony rougher flotation, and a subsequent gold rougher flotation.

ASX:LRV
Asia

Larvotto Resources Says First Ore Mined Underground at Hillgrove Antimony-Gold Project, Shares Up 8%

Larvotto Resources (ASX:LRV) mined the first ore underground and delivered it to the stockpile at its Hillgrove antimony-gold project in New South Wales, according to a Tuesday Australian bourse filing.The company said underground operations and plant refurbishment activities are on track and within budget, with contractor PYBAR advancing 170 meters and rehabilitating 1.9 kilometers of drives, and installing 20,000 rock bolts in preparation for full underground production.Vertical raise boring works for the new ventilation shaft have commenced ahead of schedule, with process plant refurbishment remaining on track, it added.The company's shares rose 8% in recent Tuesday trade.

ASX:LRV
Asia

Larvotto Resources Says Review Identifies Gold-Antimony-Tungsten Mineralization at New South Wales Project

Larvotto Resources (ASX:LRV) said high-grade, extensive gold-antimony-tungsten mineralization over a strike length of a kilometer was identified from historic exploration at Curry's Block during a review of historical drilling across its Hillgrove antimony-gold project in New South Wales, according to a Monday Australian bourse filing.The historical drilling included an intercept of five meters at 11.8 grams per tonne grade of gold-equivalent from 144 meters. Diamond drilling was approved and is set to begin shortly.

ASX:LRV
Asia

Larvotto Resources Intersects High-Grade Gold-Antimony-Tungsten Mineralization at New South Wales Project

Larvotto Resources (ASX:LRV) intersected high-grade gold-antimony-tungsten mineralization during a recent drilling at the Metz Mining Centre of its Hillgrove antimony-gold project in New South Wales, according to a Monday Australian bourse filing.The results were up to 13 meters at 8.6 grams per tonne gold equivalent (AuEq) from 253 meters, including 0.5 meters at 13.3 grams per tonne AuEq from 254 meters and 1.2 meters at 34.5 grams per tonne AuEq from 263.2 meters.The company said the results were obtained from Midas Gully, a high-grade extension to existing underground development, reinforcing continuity of the mineralized system, with the Midas target now over 700 meters long and 350 meters vertical, remaining open to the northwest and at depth.An induced polarization geophysical survey has identified responses typically associated with gold-antimony-tungsten lodes parallel to Midas, with multiple drill rigs continuing across Hillgrove, and planning underway to expand drilling to infill, step-out, and testing beneath historic workings, the filing added.

ASX:LRV
Asia

Larvotto Resources Shares Up As New South Wales Antimony-Gold Project Plant Refurbishment Works Progress

Larvotto Resources' (ASX:LRV) shares rose 1% in recent trading on Friday after it said late on Thursday that plant refurbishment works at the Hillgrove antimony-gold project in New South Wales were advancing on schedule and on budget, with commissioning expected in the middle of the year.Equipment from the processing plant, including tanks, pumps, and hydraulic drives, was removed, disassembled, and dispatched for refurbishment to various service providers. Primary and secondary crusher refurbishment is nearing completion.Induced polarization surveys were completed at the project, with results used to generate new drill targets.

ASX:LRV
Asia

Larvotto Resources Says First Production at New South Wales Antimony-Gold Project on Track to Begin in Mid-2026, Shares Jump 7%

Larvotto Resources (ASX:LRV) said the development of the Hillgrove antimony-gold project in New South Wales is progressing, with first production remaining on track to start in the middle of the year, according to a Wednesday Australian bourse filing.Modification 5, which will allow Hillgrove to process at a rate of 525,000 tonnes per year, is progressing on track with strong engagement between all parties involved.The processing plant refurbishment and underground development activities continue to progress in line with the development plan. The commissioning of the plant is set to commence in August.Its shares rose 7% in recent trading on Wednesday.

ASX:LRV

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