# Larvotto Strikes Gold at Midas as Hillgrove Transitions into Active Commercial Production Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/larvotto-strikes-gold-at-midas-as-hillgrove-transitions-into-active-commercial-p--f9efa67c-e07c-4008-a16b-64f4b0b2f331 Original source: https://www.cruxinvestor.com/posts/larvotto-strikes-gold-at-midas-as-hillgrove-transitions-into-active-commercial-production Publisher: cruxinvestor Original announcement: 2026-09-18T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-18T11:19:43.465Z Atlas analysis updated: 2026-09-18T11:19:43.465Z - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: On-schedule production start-up at Hillgrove - Positive factor: New Midas gold discovery adjacent to existing workings - Positive factor: Tungsten emerging as a third payable metal with 90% recovery - Positive factor: Strong offtake agreements in place with Glencore and Wogen Resources - Negative factor: Assay results for recent drilling delayed by lab backlogs - Negative factor: Regulatory approvals required for full production capacity expansion Facts used in scoring: 5 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: 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 Recovery** Polarity: positive Definition: 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 Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("rougher"\) **Single Domain Only** Polarity: negative Definition: 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 1 [Link to this fact](https://atlas-staging.minestarters.com/news/larvotto-strikes-gold-at-midas-as-hillgrove-transitions-into-active-commercial-p--f9efa67c-e07c-4008-a16b-64f4b0b2f331#fact-drill-facts-0) Hillgrove · gold Needs review: drill\_no\_hole\_id #### 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 factor: Targeted annual production level Evidence · text > targeting 40,500 ounces of gold #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/larvotto-strikes-gold-at-midas-as-hillgrove-transitions-into-active-commercial-p--f9efa67c-e07c-4008-a16b-64f4b0b2f331#fact-drill-facts-1) Hillgrove · antimony Needs review: drill\_no\_hole\_id #### 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 factor: Targeted annual production level Evidence · text > 4,900 tonnes of antimony metal a year #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/larvotto-strikes-gold-at-midas-as-hillgrove-transitions-into-active-commercial-p--f9efa67c-e07c-4008-a16b-64f4b0b2f331#fact-drill-facts-2) Midas · gold Needs review: drill\_no\_hole\_id #### 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 factor: Significant exploration target - Negative factor: Conceptual target only Evidence · text > 2.58 to 8.55g/T AuEq #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Metal Equivalent Opaque** Polarity: negative Definition: 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-Blockade [Link to this fact](https://atlas-staging.minestarters.com/news/larvotto-strikes-gold-at-midas-as-hillgrove-transitions-into-active-commercial-p--f9efa67c-e07c-4008-a16b-64f4b0b2f331#fact-drill-facts-4) Blockade Mine · copper Historical result Needs review: ungrounded #### 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 factor: Validated historical results Evidence · text > 31 metres at 1.16% copper from 63 metres #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## Metallurgical Results (1) ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/larvotto-strikes-gold-at-midas-as-hillgrove-transitions-into-active-commercial-p--f9efa67c-e07c-4008-a16b-64f4b0b2f331#fact-metallurgical-facts-3) Hillgrove · tungsten #### 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 factor: High recovery achieved Evidence · text > 90% recovery achieved into the rougher float #### Tags used in scoring **Mill Route** Polarity: neutral Definition: 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.