Freehold Drilling Yields 14m at 4.25g/t AuEq and 3.43% Tungsten Trioxide

Strong Start at Freehold

Larvotto Resources Limited (ASX, LRV) has delivered encouraging results from its inaugural diamond drilling campaign at the Freehold prospect, part of its 100%-owned Hillgrove Antimony-Gold Project in New South Wales. The program targeted extensions of historically mined antimony-gold lodes, revealing broad zones of high-grade mineralisation that extend beyond previously known boundaries.

Key intercepts include a standout 14 metres grading 4.25 grams per tonne gold equivalent (AuEq) from 89 metres depth, highlighted by a 2.6-metre section at an impressive 19.09g/t AuEq. Additional holes returned significant grades such as 3.5m at 12.46g/t AuEq and 7m at 5.03g/t AuEq, confirming the continuity and richness of the mineralised system.

Tungsten Emerges as a Valuable By-Product

Beyond antimony and gold, the drilling program uncovered notable tungsten mineralisation closely associated with the same structures. Assays revealed tungsten trioxide (WO3) grades up to 3.43%, a critical metal currently trading at record highs. Larvotto’s existing processing plant is equipped with a tungsten extraction circuit, positioning the company to capitalise on this multi-commodity opportunity and potentially enhance project economics.

Historical Context and Ongoing Exploration

Freehold lies just 1.2 kilometres east of the Hillgrove processing plant and has a rich mining history dating back to the late 1800s, with underground operations continuing until 2002. Larvotto’s drilling has not only validated historical mineralisation but also identified previously unmined high-grade splays and parallel zones, suggesting substantial upside potential.

Drilling continues at Freehold alongside parallel programs at the Metz and Swamp Creek prospects, with four diamond rigs actively expanding the resource base. The company is also integrating recent geophysical survey data to refine targets and guide further exploration efforts.

Strategic Implications and Future Outlook

Managing Director Ron Heeks emphasised the significance of these results, noting the opportunity to establish a new underground mining centre at Freehold adjacent to the current processing infrastructure. With antimony, gold, and tungsten prices at record levels in 2025, Larvotto is well-positioned to unlock value from this multi-commodity system.

Looking ahead, Larvotto plans to extend drilling to nearby prospects such as Smiths and Freehold East, while continuing to explore the recently identified resistivity anomaly at Swamp Creek. The company is also preparing to update its Mineral Resource models incorporating these latest results, which will be critical for advancing feasibility studies and potential development.