Overview of Larvotto Resources' response to ASX query

Larvotto Resources Limited (ASX: $LRV) has responded to ASX's query regarding the recent trading activity of its securities. The company confirmed that it is not aware of any undisclosed information that could explain the recent trading in its securities. Larvotto Resources has also provided detailed explanations for the recent trading activity, including the impact of its presentations at conferences, developments in its projects, and the influence of critical minerals. Additionally, the company has addressed the confidentiality of its assay results and assured compliance with the Listing Rules.

Executive commentary on recent trading activity and upcoming developments

LRV has been actively engaged in presenting at conferences to highlight the acquisition and plans for its recently acquired 1.4Moz AuEq gold and antimony Hillgrove Project. The company has observed significant increases in both the gold and antimony price, which has enhanced the exposure and potential of this development-ready project. Furthermore, visible gold was noted in drilling from the Bakers Creek exploration program, and a concentrate offtake company is undergoing Due Diligence to potentially provide US$8M in funding to progress the Hillgrove Project. The company has also addressed the impact of a significant shareholder selling its shares over the past several months, which has affected the share price. Larvotto Resources expects to release the results of its drilling program by 16 May 2024 and has confirmed compliance with the Listing Rules.

Summary of Larvotto Resources' response and outlook

Larvotto Resources has provided a comprehensive response to ASX's query, addressing the recent trading activity of its securities. The company has outlined the factors influencing the trading activity, including its project developments, market trends, and the impact of shareholder actions. Additionally, Larvotto Resources has assured the confidentiality of its assay results and confirmed compliance with the Listing Rules. Looking ahead, the company anticipates releasing the results of its drilling program by 16 May 2024, indicating a significant milestone for its ongoing projects. The response reflects Larvotto Resources' commitment to transparency and adherence to regulatory requirements, underlining its strategic approach to corporate governance and communication with the market.