InvestSMART

Larvotto Resources Limited (ASX:LRV)

ALERT: Price-sensitive ASX Announcement for LRV
Current share price for LRV : $1.280 0.16 (14.29%)+
Announcement
Release
31 Jul 2026 6:58PM
Price at Release
$1.120
Full Release
download
Summary
Larvotto Resources Limited provided its quarterly report for the period ending 30 June 2026, highlighting significant developments across its Hillgrove Project and strategic initiatives. The company is actively expanding its Hillgrove Project, which is notable for its antimony and gold resources, while also eyeing the acquisition of Hammer Metals to bolster its copper and gold portfolio. Significant drill results have been reported at Hillgrove, confirming high-grade mineralization. The company is also undertaking strategic corporate actions, such as appointing a new strategic advisor and planning a funding placement with Glencore. Financially, the company reported a strong cash position, though it experienced a substantial net cash outflow from its operating and investing activities.
Key Points
  • Hillgrove Project expansion and high-grade drill results.
  • Proposed acquisition of Hammer Metals to enhance copper and gold assets.
  • Strategic appointment of former Federal Senator as advisor.
  • Significant funding placement with Glencore planned.
  • Net cash outflow reported from operating and investing activities.
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.