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Larvotto Resources Limited (ASX:LRV)

ALERT: Price-sensitive ASX Announcement for LRV
Current share price for LRV : $1.270 -0.03 (-2.31%)+
Announcement
Release
23 Jun 2026 9:05AM
Price at Release
$1.300
Full Release
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Summary
Larvotto Resources Limited has published an initial exploration target for the Midas Lode, located at the Hillgrove Project. The preferred scenario estimates 3.95 million tonnes at 5.16 g/t gold equivalent (AuEq), amounting to 656,000 AuEq ounces. The Midas Lode, interpreted as the northern extension of the Syndicate Lode, offers significant near-term growth potential due to its accessibility from current underground developments. It adds to the company's existing Hillgrove Exploration Target, which is projected at 670,000 to 1,080,000 AuEq ounces. The exploration estimates are based on current and historical drilling data, geophysical surveys, and past production records, with ongoing drilling proposed to further define the resource. A detailed geological basis, including consistent mineralisation style and structural continuity, supports the exploration target's confidence.
Key Points
  • Midas Lode is estimated to contain 3.95 million tonnes at 5.16 g/t AuEq.
  • Target represents 656,000 AuEq ounces.
  • Midas Lode is an extension of the Syndicate Lode.
  • Significant near-term growth potential due to accessibility.
  • Part of the Hillgrove Project with additional exploration targets.
  • Exploration target based on extensive drilling and historical data.
  • Geological confidence supported by existing structures and mineralisation style.
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.