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Larvotto Resources Limited (ASX:LRV)
ALERT: Price-sensitive ASX Announcement for LRV
Current share price for LRV : $1.090 -0.19 (-14.84%)+
Announcement
Release
1 Dec 2025 8:35AM
Price at Release
$1.280
Full Release
Summary
Larvotto Resources Limited has announced an exclusive option to acquire the Blockade Mine (ML 90027) located near their existing Mt Isa tenements in Queensland, Australia. The Blockade Mine covers 152.7 hectares and is known for its sulphide copper mineralization, historically mined for high-silica material and high-grade copper. A six-hole, 1,500-meter reverse circulation (RC) drill program is planned by Larvotto to validate historical drilling and explore potential mineralization extensions. This strategic acquisition is part of Larvotto’s plan to advance the Mt Isa project area into a productive copper hub-and-spoke operation. The company has maintained focus on the Hillgrove Antimony-Gold Project but is now dedicating resources to exploit the copper potential at Mt Isa.
Key Points
- Exclusive option to acquire Blockade Mine (ML 90027).
- Blockade is surrounded by Larvotto's existing Mt Isa tenements.
- Historical mining for high-silica material and high-grade copper.
- Planned six-hole, 1,500m RC drill program to explore mineralization.
- Intended as a strategic component in a copper hub-and-spoke operation.
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.
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