Larvotto Identifies Gold-Antimony-Tungsten Deposits at Midas Gully

Why It Matters

The results de‑risk the underground mine plan at Hillgrove and could add a sizable high‑grade resource, strengthening Larvotto’s growth trajectory and attracting capital in a competitive gold market.

Key Takeaways

• 13 m interval at 8.56 g/t AuEq from 253 m depth.
• 1.2 m interval hits 34.53 g/t AuEq at 263.2 m.
• Target zone exceeds 700 m length and 350 m vertical extent.
• Drilling open northwest and at depth, suggesting further resource growth.
• IP survey flags resistivity anomaly near historic Coxes Reef.

Pulse Analysis

The latest drill results from Larvotto’s Midas Gully highlight a rare combination of gold, antimony and tungsten, a suite that can command premium pricing in the metals market. High‑grade gold‑equivalent values above 30 g/t are uncommon in Australian underground projects, and the presence of antimony—a critical alloying element for flame‑retardant applications—adds strategic relevance. By confirming continuity along the Syndicate‑Midas structure, Larvotto not only validates its geological model but also positions the Hillgrove operation to transition quickly from development to production, a timeline that investors closely monitor.

Geophysical work, specifically induced polarisation (IP) surveying, has uncovered a distinct resistivity and chargeability anomaly adjacent to the historic Coxes Reef. This anomaly aligns with mapped structural trends, suggesting that undiscovered mineralised veins may exist beyond the current drill footprint. The integration of IP data with drilling results reduces exploration risk and informs more efficient targeting, a best‑practice increasingly adopted across the mining sector. For Larvotto, the synergy between drilling and geophysics accelerates the path toward a definitive resource estimate, a key milestone for securing financing and joint‑venture partners.

From a market perspective, the expansion of a high‑grade, multi‑metal deposit in New South Wales reinforces Australia’s status as a leading supplier of critical minerals. As global demand for antimony and tungsten rises—driven by electronics, aerospace and defense—projects like Hillgrove can capture value beyond traditional gold price movements. The upcoming mid‑year production start, coupled with ongoing underground development by PYBAR Mining Services, signals that Larvotto is moving from exploration to cash‑flow generation, a transition that could reshape its valuation and attract a broader base of institutional investors.