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The latest update is out from Larvotto Resources Limited ( (AU:LRV) ).
Larvotto Resources Limited has signed a contract with PYBAR Mining Services for the underground development of its Hillgrove Antimony-Gold Project in New South Wales. This agreement marks a crucial step in Larvotto’s plan to commence production by 2026, with the project expected to produce significant quantities of antimony and gold. The contract with PYBAR, known for its extensive experience in underground mining, will involve 20km of underground development over four years. This development is part of a broader strategy that includes upgrading the processing plant, funded by a recent equity raise and bond issue, ensuring the project remains on schedule.
More about Larvotto Resources Limited
Larvotto Resources Limited operates in the mining industry, focusing primarily on the extraction and production of antimony and gold. The company is positioned to become a significant player in the antimony market, aiming to supply 7% of the global demand.
Average Trading Volume: 6,469,084
Technical Sentiment Signal: Buy
Current Market Cap: A$537.2M
For a thorough assessment of LRV stock, go to TipRanks’ Stock Analysis page.