Larvotto Strikes Gold at Midas as Hillgrove Transitions into Active Commercial Production
Original announcement by cruxinvestor on
- Company
- Larvotto Resources
- Ticker
- LRV
- Exchange
- Unavailable
- Region
- New South Wales
- Primary commodity
- Gold
- Secondary commodities
- Antimony, Tungsten, Copper, Cobalt
- Document categories
- Drill results, Production, Metallurgy
- Extracted
- 2026-09-18 11:19:44 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Larvotto Resources has commenced commercial production at the Hillgrove project in New South Wales, hitting its August 2026 target. The company also announced the Midas gold discovery near existing underground workings and reported 90% tungsten recovery, adding a third potential revenue stream.
Reasoning: The company has successfully transitioned to production on schedule while simultaneously announcing a significant new gold exploration target (Midas) and metallurgical upside in tungsten.
Positive factors
- On-schedule production start-up at Hillgrove
- New Midas gold discovery adjacent to existing workings
- Tungsten emerging as a third payable metal with 90% recovery
- Strong offtake agreements in place with Glencore and Wogen Resources
Negative factors
- Assay results for recent drilling delayed by lab backlogs
- Regulatory approvals required for full production capacity expansion
Facts used in scoring: 5
Classification and evidence
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Midas zone is a new discovery sitting 50m from existing workings.
Evidence · text
“newly discovered gold zone, Midas, sits 50 metres from existing underground workings”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 90% tungsten recovery achieved in rougher float.
Evidence · text
“90% recovery achieved into the rougher float”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("rougher")
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 5. Some facts used in scoring do not have a stored record.
Drill Results (4)
Fact 1Hillgrove · goldGrade: 40500Grade Unit: ozNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Hillgrove
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- LRV
Geometry
- Grade
- 40500
- Grade Unit
- oz
Classification
- Deposit Type
- other
- Program
- resource
- Sample Type
- drill
- Mining Method
- underground
Location
- Location
- Hillgrove
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-18T00:00:00.000Z
Reasoning: Annual gold production target of 40,500 oz is a key operational milestone.
Positive factors
- Targeted annual production level
Evidence · text
“targeting 40,500 ounces of gold”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Fact 2Hillgrove · antimonyGrade: 4900Grade Unit: tNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Hillgrove
- Commodity
- antimony
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- LRV
Geometry
- Grade
- 4900
- Grade Unit
- t
Classification
- Deposit Type
- other
- Program
- resource
- Sample Type
- drill
- Mining Method
- underground
Location
- Location
- Hillgrove
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-18T00:00:00.000Z
Reasoning: Annual antimony production target of 4,900 tonnes is a key operational milestone.
Positive factors
- Targeted annual production level
Evidence · text
“4,900 tonnes of antimony metal a year”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Fact 3Midas · goldGrade: 2.58Grade Unit: g/tNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Midas
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- LRV
Geometry
- Grade
- 2.58
- Grade Unit
- g/t
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Mining Method
- underground
Location
- Location
- Midas
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
Metal Equivalent
- Metal Eq. Grade
- 2.58
- Metal Eq. Unit
- g/T AuEq
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-18T00:00:00.000Z
Reasoning: Midas exploration target provides significant upside adjacent to existing workings.
Positive factors
- Significant exploration target
Negative factors
- Conceptual target only
Evidence · text
“2.58 to 8.55g/T AuEq”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Metal Equivalent Opaquenegative
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
Why it applies: an equivalent grade is reported without its assumptions
RC-BlockadeBlockade Mine · copperGrade: 1.16Grade Unit: %Intercept: 31 mHistorical resultNeeds review: ungroundedView all detailsHide details
Identity
- Hole ID
- RC-Blockade
- Project
- Blockade Mine
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- LRV
Geometry
- Grade
- 1.16
- Grade Unit
- %
- Intercept
- 31 m
- From
- 63 m
- To
- 94 m
- Intercept Depth
- 63 m
Classification
- Deposit Type
- other
- Program
- exploration
- Sample Type
- drill
- Group ID
- RC-Blockade:63-94
- Mining Method
- unknown
Location
- Location
- Blockade Mine
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- ungrounded
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-18T00:00:00.000Z
Reasoning: RC drilling validated historical copper intercepts at Blockade.
Positive factors
- Validated historical results
Evidence · text
“31 metres at 1.16% copper from 63 metres”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Metallurgical Results (1)
flotationHillgrove · tungstenRecovery: 90 %View all detailsHide details
Identity
- Project
- Hillgrove
- Commodity
- tungsten
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- LRV
Test Work
- Program Status
- optimization
- Test Type
- flotation
- Processing Route
- rougher float
- Sample
- rougher float
Recovery
- Recovery
- 90 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-18T00:00:00.000Z
Reasoning: 90% tungsten recovery into the rougher float turns waste into a revenue stream.
Positive factors
- High recovery achieved
Evidence · text
“90% recovery achieved into the rougher float”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.