Midas Touch Reveals Larvotto Gold-Antimony Target in NSW

Why It Matters

The Midas target could substantially extend Hillgrove's mine life and boost Larvotto's gold‑antimony production, enhancing shareholder value and positioning the company for near‑term growth in a competitive junior mining sector.

Key Takeaways

• Midas target: 656,000 gold-equivalent ounces from 3.95Mt at 5.16 g/t
• Drilling over 900 m strike, 560 m depth; lode remains open northward
• Plant refurbishment on schedule, commissioning targeted for August 2026
• Planned 45 holes, 15,000 m to define maiden resource at Midas

Pulse Analysis

Larvotto Resources' Hillgrove operation has long been a cornerstone of Australia’s antimony‑gold sector, producing over 333,000 tonnes of antimony‑rich ore between 2014 and 2016. The recent Midas exploration target adds a new dimension to the project, suggesting a sizable gold‑equivalent resource that could be integrated with the existing underground infrastructure. By leveraging historic mining data, surface geochemistry, and advanced IP geophysics, Larvotto has identified a zone that not only expands the known strike length but also deepens the vertical envelope, offering a multi‑metal upside that includes antimony and tungsten as by‑products.

The drilling program that underpins the Midas target has already yielded high‑grade intersections, such as 13 metres at 8.56 g/t gold‑equivalent and a standout 1.2 metre section at 34.53 g/t. These results validate the continuity of the lode and suggest that the northern extension of the historic Syndicate vein could be mined with relatively low incremental capital, given its proximity to the current underground network. Larvotto’s plan to drill an additional 45 holes, totaling 15,000 metres, aims to convert the conceptual target into a maiden resource, a step that could unlock financing options and attract strategic partners.

From an investment perspective, the Midas development aligns with a broader industry trend of extending mine life through near‑term exploration that leverages existing processing facilities. With the Hillgrove plant refurbishment on track for an August 2026 commissioning, Larvotto is positioned to quickly test and potentially incorporate Midas ore into production. This could translate into higher cash flow, a stronger balance sheet, and an enhanced market profile, especially as gold prices remain resilient and demand for critical antimony and tungsten persists across technology and defense sectors.