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Larvotto Resources Limited (ASX:LRV)

ALERT: Price-sensitive ASX Announcement for LRV
Current share price for LRV : $1.120 -0.14 (-11.11%)+
Announcement
Release
25 Jun 2026 9:04AM
Price at Release
$1.260
Full Release
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Summary
Larvotto Resources Limited announced promising drilling results from the Midas Lode of the Hillgrove Antimony-Gold Project, underscoring its potential for resource expansion. Significant intercepts from holes BLK117 and BLK118 confirm high-grade mineralisation, supporting the company's exploration targets. The drilling program, utilizing two rigs, continues to bolster the resource estimates, with the Midas Lode offering direct access from existing underground developments. This strategic advantage potentially accelerates its inclusion in the existing mine schedule. The results enhance confidence in ongoing exploration efforts and the area's economic viability, highlighting significant gold-equivalent grades calculated based on predefined market assumptions.
Key Points
  • Larvotto Resources Limited reports strong drilling results from the Midas Lode within the Hillgrove Antimony-Gold Project.
  • Drilling highlights include BLK118 with 8.0m at 16.11g/t AuEq and BLK117 with 29.7m at 2.19g/t AuEq.
  • The results support the geological interpretation of Midas Lode and its potential for resource growth.
  • Drilling continues with two rigs, aiming for a maiden Midas Mineral Resource Estimate.
  • The Midas Lode is directly accessible from existing underground developments, aiding in mine schedule inclusion.
  • Gold Equivalent grades are calculated using specific commodity prices and process recoveries.
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.