Overview of Larvotto Resources' latest announcement

Larvotto Resources Limited (ASX: $LRV) has announced positive preliminary metallurgical test work on the historical Tailings Storage Facility (TSF1) and underground development mineralisation at the Company's newly acquired, 100%-owned Hillgrove gold-antimony project near Armidale in New South Wales, Australia. The test work aims to enhance recoveries and produce a higher-grade and cleaner concentrate product, potentially generating a significantly more valuable product for sale. The Managing Director, Ron Heeks, highlighted the high-grade nature of Hillgrove's gold and antimony mineralisation and expressed the company's anticipation to update shareholders with the metallurgical results as test work progresses.

Executive commentary on the test work and project significance

We commenced metallurgical test work at Hillgrove following the completion of auger drilling of the TSF1 and collection of several tonnes of representative underground samples from the development-ready zones of the Metz mining area. Channel samples from the collection channels including values as high as 63g/t Au and 30% Sb highlight the high-grade nature of Hillgrove's gold and antimony mineralisation. The historical tailings dam samples are amazingly consistent across the 1.5Mt of material contained within the dam, with gold grades higher than expected and consistently above the average grade of many operating open pit mines. We look forward to updating shareholders with the metallurgical results as test work progresses.

Summary of the announcement and outlook

Larvotto Resources' preliminary metallurgy test work at the Hillgrove gold-antimony project aims to enhance recoveries and produce a higher-grade concentrate product. The company anticipates that this test work has the potential to generate a significantly more valuable product for sale. With resources of 1.4Moz Mineral Resources at 6.1g/t AuEq, the Hillgrove project is positioned as one of the world's top 10 antimony deposits and Australia's largest antimony deposit. The company's focus on underground development and the potential recovery of tungsten from the tailings indicate a strategic approach to maximizing the value of the project. The company aims to update shareholders with the metallurgical results as the test work progresses, reflecting its commitment to transparency and communication with its stakeholders.