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Larvotto Resources Limited (ASX:LRV)

ALERT: Price-sensitive ASX Announcement for LRV
Current share price for LRV : $1.270 0.315 (32.98%)+
Announcement
Release
6 Nov 2025 8:24AM
Price at Release
$0.955
Full Release
download
Summary
Larvotto Resources Limited has appointed PYBAR Mining Services Pty Ltd as the underground development contractor for its Hillgrove Antimony-Gold Project in New South Wales. The contract, covering an approximate 20km of underground development over an initial four-year term with an extension option, includes tasks such as decline and lateral development, rehabilitation, and ground support installation across designated zones. This development is crucial to Larvotto's goal of becoming a major antimony producer by 2026, contributing to 7% of the global supply. The project is fully funded through a A$70 million equity raise and a US$105 million bond issue.
Key Points
  • Larvotto Resources Limited signed a contract with PYBAR Mining Services Pty Ltd for underground development at the Hillgrove Project.
  • The contract includes approximately 20km of underground development over four years, with an option to extend.
  • The scope of work will cover decline and lateral development, rehabilitation, and ground support installation across various zones.
  • Larvotto aims to become a major antimony producer by 2026, contributing 7% of global antimony supply.
  • The project is fully funded through a A$70 million equity raise and a US$105 million bond issue.
  • PYBAR will provide a full-service development solution, including equipment and personnel.
  • This development is a key milestone towards recommencing underground mining operations at Hillgrove.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.