Latest news with #LarvottoResources'
The Age
6 days ago
- Business
- The Age
Larvotto unearths new drill targets at flagship NSW gold project
A geophysical survey at Larvotto Resources' Hillgrove antimony-gold project in New South Wales has unearthed a series of promising new drill targets beneath and along strike of known mineralisation at the company's Clarks Gully prospect. Larvotto says its gradient-array induced polarisation (IP) and resistivity survey hit the mark, lighting up zones that were historically rich in antimony and gold. The results back the company's geological model and give a clear green light for it to chase new, low-cost mineral discoveries across the project. Fender Geophysics ran the IP survey, which picked up strong chargeability and resistivity signals exactly where Larvotto had already found mineralisation, stacking the odds in Larvotto's favour of finding further lookalikes. The best new targets sit right under the old Clarks Gully pit and extend to the north, setting the stage for some exciting follow-up drilling. The IP technique, which measures how the ground resists and stores electrical charge, is especially suited to Hillgrove, where mineralisation is tightly linked to sulphide-rich and silica-altered rocks. Both rock types appear to stand out like a sore thumb in the IP data. 'The IP survey demonstrates the opportunity to use it as a cost-effective exploration tool across the broader Hillgrove Project area.' Larvotto Resources managing director Ron Heeks Larvotto Resources managing director Ron Heeks said: 'The IP survey has delivered an important validation of our geological model at Clarks Gully with strong correlation between our known mineralisation and the high chargeability and resistivity responses. It not only confirms the continuity of the NW-SE trending system and associated splays but also demonstrates the opportunity to use IP as a cost-effective exploration tool across the broader Hillgrove Project area.' Larvotto now plans to fast-track a second phase of geophysics, this time deploying dipole-dipole arrays to build a 3D model of the mineralised system and test the depth extent of the anomalies. This data will feed directly into the company's next drilling program to zero in on new zones of antimony-gold mineralisation at Clarks Gully. It will also give the company scope to widen its line of sight on fresh targets across the wider Hillgrove project. At the same time, the company is gearing up for more geophysical surveys to sterilise the grounds under its planned mine infrastructure area. This will allow Larvotto to weave exploration into future development planning and reduce the risk of flicking the switch to production.
Sydney Morning Herald
6 days ago
- Business
- Sydney Morning Herald
Larvotto unearths new drill targets at flagship NSW gold project
A geophysical survey at Larvotto Resources' Hillgrove antimony-gold project in New South Wales has unearthed a series of promising new drill targets beneath and along strike of known mineralisation at the company's Clarks Gully prospect. Larvotto says its gradient-array induced polarisation (IP) and resistivity survey hit the mark, lighting up zones that were historically rich in antimony and gold. The results back the company's geological model and give a clear green light for it to chase new, low-cost mineral discoveries across the project. Fender Geophysics ran the IP survey, which picked up strong chargeability and resistivity signals exactly where Larvotto had already found mineralisation, stacking the odds in Larvotto's favour of finding further lookalikes. The best new targets sit right under the old Clarks Gully pit and extend to the north, setting the stage for some exciting follow-up drilling. The IP technique, which measures how the ground resists and stores electrical charge, is especially suited to Hillgrove, where mineralisation is tightly linked to sulphide-rich and silica-altered rocks. Both rock types appear to stand out like a sore thumb in the IP data. 'The IP survey demonstrates the opportunity to use it as a cost-effective exploration tool across the broader Hillgrove Project area.' Larvotto Resources managing director Ron Heeks Larvotto Resources managing director Ron Heeks said: 'The IP survey has delivered an important validation of our geological model at Clarks Gully with strong correlation between our known mineralisation and the high chargeability and resistivity responses. It not only confirms the continuity of the NW-SE trending system and associated splays but also demonstrates the opportunity to use IP as a cost-effective exploration tool across the broader Hillgrove Project area.' Larvotto now plans to fast-track a second phase of geophysics, this time deploying dipole-dipole arrays to build a 3D model of the mineralised system and test the depth extent of the anomalies. This data will feed directly into the company's next drilling program to zero in on new zones of antimony-gold mineralisation at Clarks Gully. It will also give the company scope to widen its line of sight on fresh targets across the wider Hillgrove project. At the same time, the company is gearing up for more geophysical surveys to sterilise the grounds under its planned mine infrastructure area. This will allow Larvotto to weave exploration into future development planning and reduce the risk of flicking the switch to production.
The Age
23-04-2025
- Business
- The Age
Trump order highlights value in Larvotto antimony play
United States President Donald Trump's executive order to streamline the approval process for key US mineral projects, which includes an antimony play, will help highlight the antimony value at Larvotto Resources' Hillgrove project in New South Wales. The National Energy Dominance Council this week identified the first 10 projects placed on the country's Federal Permitting Improvement Steering Council dashboard, which puts them on a streamlined track to development. Known as transparency projects, they form the first wave to receive expedited permitting under the government's FAST-41 initiative, a move aimed at bolstering domestic production of critical minerals. The priority list included Perpetua Resources' stibnite-gold project, which was chosen for its antimony mineralisation. Antimony is an important critical mineral used in defence, energy and clean technology applications. Larvotto's Hillgrove antimony-gold project in central NSW is the largest antimony deposit in Australia and one of the few near-term, large-scale antimony deposits in the Western world. Hillgrove's resource consists of 7.264 million tonnes for 93,000t of antimony grading at 1.3 per cent and 1.036 million ounces of gold at a grade of 4.4 grams per tonne (g/t) for a total gold-equivalent resource of 1.7M ounces at 7.4g/t. The project is expected to produce a gold-antimony concentrate for export, which could support the manufacture of vital global defence equipment, such as ammunition and night-vision equipment. The Hillgrove project has been recognised internationally. The US Department of Defence has already endorsed the project and accepted Larvotto into America's important Defence Industrial Base Consortium. Larvotto is targeting first ore from the Hillgrove project in early 2026 and expects to produce 5400t of antimony per annum, equal to about 7 per cent of anticipated world demand at the time of first production.
Sydney Morning Herald
23-04-2025
- Business
- Sydney Morning Herald
Trump executive order highlights value in Larvotto antimony play
United States President Donald Trump's executive order to streamline the approval process for key US mineral projects, which includes an antimony play, will help highlight the antimony value at Larvotto Resources' Hillgrove project in New South Wales. The National Energy Dominance Council this week identified a first 10 projects for placement on the country's Federal Permitting Improvement Steering Council dashboard, which puts them on a streamlined track to development. Known as transparency projects, they form the first wave to receive expedited permitting under the government's FAST-41 initiative, a move aimed at bolstering domestic production of critical minerals. The priority list included Perpetua Resources' stibnite-gold project, which was chosen for its antimony mineralisation. Antimony is an important critical mineral used in defence, energy and clean technology applications. Larvotto's Hillgrove antimony-gold project in central NSW is the largest antimony deposit in Australia and one of the few near-term, large-scale antimony deposits in the Western world. Hillgrove's resource consists of 7.264 million tonnes for 93,000t of antimony grading at 1.3 per cent and 1.036 million ounces of gold at a grade of 4.4 grams per tonne (g/t) for a total gold-equivalent resource of 1.7M ounces at 7.4g/t. The project is expected to produce a gold-antimony concentrate for export, which could support the manufacture of vital global defence equipment, such as ammunition and night-vision equipment. The Hillgrove project has been recognised internationally. The US Department of Defence has already endorsed the project and accepted Larvotto into America's important Defence Industrial Base Consortium. Larvotto is targeting first ore from the Hillgrove project in early 2026 and expects to produce 5400t of antimony per annum, equal to about 7 per cent of anticipated world demand at the time of first production.
Yahoo
31-03-2025
- Business
- Yahoo
Larvotto Resources Limited's (ASX:LRV) largest shareholders are individual investors with 48% ownership, private companies own 21%
The considerable ownership by individual investors in Larvotto Resources indicates that they collectively have a greater say in management and business strategy The top 14 shareholders own 50% of the company Institutional ownership in Larvotto Resources is 12% If you want to know who really controls Larvotto Resources Limited (ASX:LRV), then you'll have to look at the makeup of its share registry. We can see that individual investors own the lion's share in the company with 48% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Meanwhile, private companies make up 21% of the company's shareholders. Let's delve deeper into each type of owner of Larvotto Resources, beginning with the chart below. See our latest analysis for Larvotto Resources Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. We can see that Larvotto Resources does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Larvotto Resources' earnings history below. Of course, the future is what really matters. Hedge funds don't have many shares in Larvotto Resources. GAGE Capital Management Co. Ltd is currently the company's largest shareholder with 16% of shares outstanding. With 11% and 9.0% of the shares outstanding respectively, Beijing Gage Management Co., Ltd. and 1832 Asset Management L.P. are the second and third largest shareholders. In addition, we found that Ronald Heeks, the CEO has 1.6% of the shares allocated to their name. Looking at the shareholder registry, we can see that 50% of the ownership is controlled by the top 14 shareholders, meaning that no single shareholder has a majority interest in the ownership. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our most recent data indicates that insiders own some shares in Larvotto Resources Limited. In their own names, insiders own AU$30m worth of stock in the AU$410m company. It is good to see some investment by insiders, but it might be worth checking if those insiders have been buying. The general public, who are usually individual investors, hold a 48% stake in Larvotto Resources. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. With a stake of 11%, private equity firms could influence the Larvotto Resources board. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere. Our data indicates that Private Companies hold 21%, of the company's shares. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research. While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 4 warning signs with Larvotto Resources (at least 3 which make us uncomfortable) , and understanding them should be part of your investment process. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
