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Larvotto Resources Limited ( (AU:LRV) ) has shared an announcement.
Larvotto Resources Limited has announced the initial estimation of tungsten resources at its Hillgrove Project, revealing a significant potential for this critical metal alongside its existing gold and antimony operations. With tungsten prices currently high, the company sees the metal as a viable by-product, enhancing the project’s value and offering new opportunities for stakeholders. The recent Definitive Feasibility Study did not initially focus on tungsten, but future studies will incorporate it, indicating a strategic shift to capitalize on this under-explored resource.
More about Larvotto Resources Limited
Larvotto Resources Limited is a company operating in the mining industry, primarily focusing on the extraction and production of gold, antimony, and now tungsten. The company is engaged in the Hillgrove Antimony and Gold Project in New South Wales, where it has historically mined gold and antimony, with tungsten as a by-product.
Average Trading Volume: 4,969,491
Technical Sentiment Signal: Buy
Current Market Cap: A$292M
Find detailed analytics on LRV stock on TipRanks’ Stock Analysis page.