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Larvotto’s high-grade gold and antimony results at Hillgrove support a potential resource upgrade and mine life extension, amid a $720M takeover bid.
Larvotto Resources has reported high-grade gold and antimony drill results at its Hillgrove project in New South Wales, including 15 metres at 5.24 g/t gold equivalent and 4.2 metres at 14.46 g/t, supporting a potential resource upgrade and extended mine life.
The company is drilling four prospects using diamond rigs, targeting near-surface and deeper mineralisation within the Metz mining centre.
These results come amid an unsolicited $720 million takeover bid from US-listed United States Antimony Corporation valuing shares at $1.40, though Larvotto’s updated financials suggest a higher intrinsic value, driven by strong gold and antimony prices.
Ongoing drilling through 2026 aims to deliver further discoveries and boost the project’s economic outlook.
Los resultados de oro y antimonio de alto grado de Larvotto en Hillgrove apoyan una posible actualización de recursos y extensión de la vida de la mina, en medio de una oferta de adquisición de $ 720M.