LRV - Larvotto Resources

[Boggo]

Resources Top 5: We're still doing that antimony thing, hey? - Stockhead

Larvotto Resources shares ran higher again today as a Canadian insto built a significant stake in the Aussie antimony play.

stockhead.com.au

 

[Dona Ferentes]

LRV had run to 40c earlier last week and then bounced around up and down 30-40c , now holding at the upper end.

and today LRV has made a bit of a run, on no news, up 25 per cent

 

[Dona Ferentes]

and today LRV has made a bit of a run, on no news, up 25 per cent

and continuing ...
... as high as 75c, closed at 71c

 

[Boggo]

and continuing ...
... as high as 75c, closed at 71c

And the drilling reports are still to come

 

[Dona Ferentes]

And the drilling reports are still to come

65c

Antimony Offtake with Wogen Resources Limited Completed with US$4M Prepayment Facility

Highlights
• Offtake for antimony concentrate agreement signed with Wogen Resources Limited.
• Concurrent US$4.0M secured prepayment facility signed with XCLR Commodities Limited, a company advised by Xcelsior Capital Limited.
• Wogen will provide exclusive off-take sales globally for Larvotto’s antimony concentrate produced at the Hillgrove Project.

 

[Boggo]

It got held down over the last few weeks with the exercising of the oppies which finished on Wednesday.

It seems to be resuming its original uptrend.

 

[Dona Ferentes]

RAISING ...$20million @ 52c

 

[Boggo]

RAISING ...$20million @ 52c

Not a massive amount. Surprised that its at 52c but I doubt if it will drop to there especially with the increase in the China ban on Antimony and Graphite last night.

LRV would have hit 80c today if it hadn't had poor timing with the China update.

 

[finicky]

https://www.mining.com/china-bans-export-of-gallium-germanium-and-antimony-to-the-us/

Larvotto Resources' $8m acquisition of the Hillgrove project in NSW comes replete with a million ounces of gold, Australia's biggest antimony resource, gold-laced tailings with good grades and a mothballed processing plant and exploration package that has soaked up $200m from previous players.5 Feb 2024

Not Held

 

[finicky]

For what it's worth 10 October 2024

 

[Dona Ferentes]

RAISING ...$20million @ 52c

$30 MILLION EQUITY RAISING
Firm commitments to fund Australia’s next Gold-Antimony producer​

Highlights
• Two tranche placement of 57.7 million shares to raise $30 million (before costs) at $0.52 per share
• Along with cash received from the recently announced antimony prepayment facility of $6.2 million and $8.0 million from options conversion, Larvotto is very well funded to advance the Hillgrove gold-antimony project in 2025 and beyond
• Proceeds from the raising will be applied towards:
- Significantly expanding exploration underground and at surface to demonstrate the potential scale of the project while adding to the existing inventory of high-grade gold and antimony rich mineralisation
- Concluding the Hillgrove Definitive Feasibility Study
- Advancing underground works
- Procurement of long lead-time items to speed up processing commencement
• Announcement on 3 December 2024 of the ban on antimony exports from China (approximately 60% of global antimony supply) to the United States will materially change the global flow of this increasingly important metal
• Larvotto is poised to become a significant western-world antimony producer at a time of heightened awareness of the need for secure access to this unique metal. Larvotto has a 100% owned processing plant and an established mine plan from our PFS

 

[Dona Ferentes]

now $0.43 .... down a bit of late

• Wogen/Xcelsior antimony off-take pre-payment funding of A$6.2M received by Larvotto
• Larvotto retains maximum flexibility on the sales destination of the antimony concentrate, including to the United State, working closely with Wogen
• The additional funds will be used for ongoing and expanding exploration at the Hillgrove Gold and Antimony Project in New South Wales