Larvotto Resources continues to pull in good results from the company's high-grade Hillgrove gold antimony project in NSW, with big hits that included 0.6m at a stunning 183.5g/t gold equivalent from 493m. Four diamond rigs have now completed more than 8400 metres of drilling at its Bakers Creek and Eleanora-Garibaldi prospects, hinting at new rich mineralisation near existing underground infrastructure.
Thunderbird Resources has expanded its gold footprint in NSW, lodging an application for a strategic 118-square-kilometre expansion to its Kookabookra gold project immediately to the east. The company is doubling down on its gold presence in the state, suggesting that Kookabookra could host an intrusion-related gold system – similar to the kind of deposits that's delivered multi-million-ounce gold hauls at places such as Fort Knox in Alaska and Kidston in Queensland.
Larvotto Resources has bought a homestead and wedding venue near its Hillgrove antimony-gold project in NSW to comfortably house and support a growing permanent workforce. Larvotto will pay $3m in cash plus $600,000 in shares for the 95-bed property. The company aims to start production at the mine in early 2026.
Junior explorers such as E79 Gold Mines, Caprice Resources and Thunderbird Resources have seen a significant spike in their share price when betting on a nearology play near a recent or historical discovery. E79's share price surged from its February 6 close of 1.9c to hit a high of 5.4c on February 19 in the two weeks after a neighbour announced a greenfields gold discovery.
Larvotto Resources' plans to run a dry tailings stacking process at its Hillgrove antimony-gold project in New South Wales have been accepted by the NSW planning and infrastructure department. The company decided to move away from a conventional wet slurry tailings dam because the dry storage solution offered significant low-cost design and eco-friendly benefits given Hillgrove's nature, scale and current infrastructure.
Larvotto Resources has received US$4 million (A$6.2m) as pre-payment from Wogan Resources' sister and financing company Xcelsior Capital under an exclusive antimony off-take agreement with Wogan. The agreement, signed on December 2, will see Wogen provide exclusive global off-take sales for Larvotto's antimony concentrate produced at its Hillgrove project.
Larvotto Resources continues its winning run with its final five drillholes at Clarks Gully deposit at its Hillgrove project in NSW, jagging broad high-grade gold-antimony intercepts, including 22m at 9.87g/t gold equivalent. The 59-hole program for 4469m of RC drilling was designed to infill and extend the current 266,000t Clarks Gully mineral resource, grading 3.8 per cent antimony and 2.0g/t gold for 10.6g/t gold equivalent.
Larvotto Resources has scored $30 million from new and existing investors, ensuring it is well-funded to intensify exploration of its Hillgrove antimony-gold operation near Armidale in NSW. The placement will see 57.7 million shares issued at 52c apiece and follows on from the company recently banking a total of $14.2m from an offtake pre-payment and option conversions.
Larvotto Resources has unveiled some stunning drill results from the Clarks Gully deposit, part of its Hillgrove gold and antimony mine in New South Wales, including 20m grading 8.2 grams per tonne (g/t) gold equivalent and 6m at 17.2 g/t gold equivalent. The expanding deposit, which is rich in antimony, is rapidly promoting itself as a candidate for near-term feed to frontload early cash flows.
Amid a grand celebration of the WA ASX-listed small cap company community on Friday night, Larvotto Resources triumphed to take out the coveted Bulls N' Bears “Peak Performer of the Year” award after achieving a peak share price hike of 993 per cent. Estrella Resources took out the other major award and is the Bulls N' Bears “Runner of the Year”, claiming a 240 per cent share price jump from January to November 2024.
Larvotto has consummated an offtake deal with Wogen Resources for antimony from its NSW Hillgrove mine with a $6.1m prepayment that comes on the back of $8m worth of options being exercised to fast-track exploration and complete the project's DFS. Larvotto has been a market darling this year with its stock peaking during the year at a 1218 per cent premium to its low in February.
Larvotto Resources latest reverse-circulation drill campaign at its Hillgrove project has kept the gold-antimony party going with further big high-grade hits rolling off the drill bit at the company's Clarks Gully deposit, some 23km east of Armidale in northern NSW. Larvotto also struck visible gold in diamond core drilling at its Bakers Creek prospect within the Hillgrove project area.
Larvotto Resources has gained membership of a consortium that provides a gateway to seek funding from and supply products to organizations associated with the US Defence Department. Larvotto says its Hillgrove project in NSW is capable of supplying 7 per cent of the world's antimony needs, a highly sort after metal that is used in the manufacturing of ammunition.
Larvotto Resources has kicked off a major diamond drilling program at its 100 per cent-owned Hillgrove gold-antimony project in New South Wales in a bid to expand the known mineral resource. The company is looking to target “near mine” areas and is hoping to follow up on a stella prior drill hit of 31m grading a whopping 65 g/t gold.
Larvotto Resources is set to fast-track the development of its Hillgrove gold-antimony mine in NSW after appointing a manager to crunch the numbers for a definitive feasibility study by early next year, in a bid to start production in late 2025. MACA Interquip Mintrex will look after the metallurgical testing and necessary plant design modifications to optimise the 500,000 tonnes per annum processing plant.
Antimony is the latest critical metal to send the hearts of ASX punters aflutter, but with new "must-have" metals constantly emerging, investors may be feeling just a little confused by the ever-changing landscape. Bulls N' Bears takes a look into the rise and rise of the metal also sometimes referred to as stibnite and the companies jumping on the increasingly raucous bandwagon.
This week's Bulls N' Bears Runner of the Week is … antimony. The grey metal was behind significant share price jumps for Larvotto Resources and several other ASX-listed companies. Also, Dundas Minerals jumped 188 per cent on news of finding solid gold up to 9.5g/t in re-assayed samples, while other movers and shakers this week were MTM Critical Metals and First Lithium.
Larvotto Resources is ready to roar into a highly-anticipated drilling campaign at its wholly-owned Hillgrove gold-antimony project in New South Wales after securing the required drill permits to launch the work. The company has designed the program to test a significant geochemical anomaly south of its Clarks Gully deposit and will conduct infill drilling with 20m spacing to enhance its confidence in the resource.
Larvotto Resources has cited China's recent decision to install export bans on antimony as a key reason behind its 100 per cent share price surge and increased trading volumes since Friday's ASX market open. However, the company has also made its own luck, purchasing the Hillgrove mine in NSW six months ago for $8 million, including a $5 million environmental bond.
A compelling prefeasibility study (PFS) for Larvotto Resources' Hillgrove gold-antimony project in New South Wales shows the operation will spit out an EBITDA of $652 million during a seven-year mine life. Using conservative pricing estimates, the company also revealed a post-tax NPV of $157 million, a post-tax IRR of 50 per cent and a maiden ore reserve of 606,000 ounces at 6g/t gold-equivalent.
After pocketing $5 million in new money, Larvotto Resources is on the cusp of launching a 5250m exploration drilling program to infill and extend its Clarks Gully gold-antimony resource that sits just 4.7km north-west of its Hillgrove Mine in NSW. The measured and indicated Clarks Gully resource contains 266,000 tonnes at 3.8 per cent antimony and 2g/t gold, or 8.40g/t gold equivalent.
Larvotto Resources has revealed a bumper exploration target at its Hillgrove gold and antimony project in New South Wales, consisting of 2.8 to 3.6 million tonnes holding between 670,000 and 1.08 million ounces of gold equivalent grading at 7.4 to 9.46 grams per tonne. The target adds strong potential for the company to grow its vast resource base that contains 1.4 million ounces of gold equivalent at a cracking grade of 6.1g/t.
A bonanza-grade gold hit of 5.3m at a sparkling 220 grams per tonne from 245m has sent Larvotto Resources' share price surging on the company's biggest-ever trading day since its 2021 listing with the ASX. The stunning intersection was revealed today within a suite of results following a diamond drilling campaign that has extended the mineralisation at the company's Hillgrove gold-antimony project in NSW.
In the first of Bulls N' Bears' new weekly series, “Doug Bright's Greatest Hits”, our senior analyst gets the dirt under his well-worn fingernails to pull apart some of last week's most intriguing ASX finds. The column will run the rule each week over a range of commodities, geological successes, oddities and matters of processing and metallurgical interest.
Larvotto Resources says engineering studies have shown it can double the process plant throughput at its Hillgrove gold-antimony operation in NSW up to 500,000 tonnes per annum, with only minimal upgrade and modification required. The company says its capacity to produce gold concentrate and doré in conjunction with antimony concentrate can easily be increased by expanding the crusher feed rate from 220,000 tonnes per year.
Larvotto Resources is closing in on an international financing package worth US$8 million (AU$12.1 million) to help develop its Hillgrove antimony-gold project in New South Wales. The company has signed a non-binding term sheet with Xcelsior Capital and Wogen that will provide it with a pre-payment loan for the life of the Hillgrove mine and a working capital loan.
Larvotto Resources says it has turned up abundant coarse grains of visible gold in its first diamond-core drilling at the Hillside gold-antimony project in New South Wales, with assays expected next month. The 2036m of drilling at the historic Bakers Creek Mine at Hillside chased extensions of previously-reported high-grade gold-antimony mineralisation of up to 525g/t gold from the project's Little Reef lode.
Larvotto Resources has identified multiple new copper-gold-cobalt drill targets following a recent induced-polarisation geophysical survey at its Mt Isa project, adjacent to the historic town of the same name in north-west Queensland. The company is now planning reverse-circulation and diamond drilling at three main targets in the tough and hilly terrain across its prospective project area.
Channel sampling at Larvotto Resources' Hillgrove gold-antimony project in NSW has delivered sparkling assays going as high as 63 grams per tonne gold, 13.82g/t silver and more than 30 per cent antimony. Management says the impressive results highlight the high-grade nature of the operation, while samples from the 1.5-million-tonne historical tailings facility recorded gold grades exceeding the average of many operating open pit mines.
Larvotto Resources' $8m acquisition of the Hillgrove project in NSW comes with a million ounces of gold, Australia's biggest antimony resource, gold-laced tailings and a mothballed processing plant and exploration package that has soaked up $200m. The project was put on the chopping block by administrators when Red River Resources experienced a fall-of-ground event at its Thalanga base metals mine in Queensland and never recovered.
Larvotto Resources has kicked off a 2000m diamond drilling program to test previous high grade gold intercepts at its recently acquired 100 per cent owned Hillgrove project, 23km east of Armidale in NSW. Drilling will focus on the Bakers Creek area, which was the first locality opened up in the Hillgrove area by miners in 1877 who concentrated on the extraction of gold rather than the accompanying antimony.
Larvotto Resources has finished a metallurgical auger drill program to determine just how much gold, tungsten and antimony was left behind in tailings from mining campaigns dating back to the eighties at its Hillgrove project in NSW. Encouragingly, old records show gold averaging 1.34 grams per tonne and plenty of tungsten was shipped into the 1.4m tonnes of tailings during historic antimony mining.
Larvotto Resources says new testwork shows it can simply and efficiently upgrade rare earths samples from its Eyre multi-element project in Western Australia's Goldfields region by using a hydrometallurgical cyclosizer. AC drilling last April at Eyre's Merivale South prospect returned impressive total rare earth oxides results of up to 1.26 per cent, or 12,611ppm, including 3787ppm magnetic rare earth oxides.
Larvotto Resources has lit up a slew of new drill targets at its Mt Isa copper-gold-cobalt project in Queensland after collecting more than 6200 samples from a geochemical soil sampling program last year. Key areas highlighted for further exploration include the Ballara Saddle, Portal Creek, IXL and Psamathe targets, with a geophysical induced-polarisation survey already underway.
ASX-listed Larvotto Resources is looking at a major transitional change from mineral explorer to producer after confirming it had picked up the Hillgrove gold-antimony project in NSW for a song. The company acquired the 1.4-million-ounce gold equivalent operation after entering into a binding term sheet with the administrators of former owner Red River Resources for a purchase price of less than $6 per ounce.
Our weekly appointments wrap includes Adam Bick, Jacob Deysel, Ben Macpherson, Nick Burns, Melanie Leighton, Matthew Carr, Andrew Forman, Melissa Winks, Ian Wells, Stephen Neale and Kate Casellas.
