Larvotto Extends Clarks Gully Mineralisation with High-Grade Gold and Tungsten

Clarks Gully Drilling Unveils High-Grade Multi-Metal Zones

Larvotto Resources Limited (ASX:LRV) has reported a series of impressive assay results from its 2026 diamond drilling campaign at the Clarks Gully deposit, part of the Hillgrove Antimony-Gold Project in New South Wales. Ten holes (CLG128 to CLG137) have returned multiple zones of significant gold-antimony-tungsten mineralisation, including standout intercepts such as 9.5 metres at 8.07 grams per tonne gold equivalent (AuEq) starting from 345.5 metres in CLG128, which includes a spectacular 0.5 metres grading 62.6 g/t AuEq.

Other notable hits include 14.3 metres at 2.96 g/t AuEq from 339.7 metres and a separate 1 metre at 60.4 g/t AuEq from 375 metres in CLG129, alongside 12.5 metres at 4.92 g/t AuEq from 262 metres in CLG131. These results confirm that mineralisation extends well beyond the current resource envelope, both at depth and to the south.

Stacked Lodes and Plunging Ore Shoots Suggest Upside

The drilling campaign has reinforced the interpretation of Clarks Gully as a complex, multi-lode system comprising stacked, parallel mineralised zones. Larvotto’s geological modelling now clearly defines a high-grade, continuous plunging ore shoot that remains open down plunge, signalling compelling upside for further resource growth.

Drill holes such as CLG129 have identified multiple stacked high-grade lodes beneath the existing resource model that remain open at depth, highlighting the broader scale of the mineralised system. This multi-lode geometry opens several avenues for future expansion drilling, potentially boosting the overall resource size.

Tungsten Emerges as a Key Value Contributor

Tungsten mineralisation is becoming an increasingly significant aspect of Clarks Gully’s value proposition. High-grade tungsten intersections have been recorded across several holes, including 1 metre at 7.27% WO3 from 375 metres in CLG129 and 1 metre at 5.44% WO3 from 298 metres in CLG136. The broad interval of tungsten mineralisation in CLG128; 6.1 metres at 1.43% WO3; further underscores the potential for substantial tungsten-bearing zones within the deposit.

Recent metallurgical test work supports the potential to recover tungsten as a by-product with approximately 90% recovery rates, adding a new dimension to Hillgrove’s already established gold and antimony resource base. Larvotto is reviewing the broader tungsten potential across the Hillgrove mineral field, including upcoming drilling at historical workings like Curry's Block.

Resource Update and Development Pathway

With assays pending for the remaining six drill holes (CLG138 to CLG143), Larvotto is incorporating the new data into updated geological models and a refreshed Mineral Resource Estimate (MRE). The company plans to advance Clarks Gully from exploration towards development, supported by granted Mining Lease 1332 and ongoing engineering, metallurgy, and permitting workstreams.

Managing Director Ron Heeks emphasised that Clarks Gully is poised to become a near-term production source, complementing the recently commenced operations at Hillgrove, Australia’s largest antimony mine. The company is preparing reports and data for an underground mining application, aiming to convert the promising resource growth into a Mineral Reserve.

Hillgrove Project Positioned for Multi-Metal Growth

Larvotto’s Hillgrove Project continues to deliver on its potential as a critical minerals hub, with multiple rigs operating across the mineral field. Alongside Clarks Gully, the company is progressing the Midas Exploration Target and expanding resources at Blacklode. The emerging tungsten opportunity adds further strategic depth.

The Hillgrove mine commissioning and production ramp-up have been key focuses recently, with Larvotto actively managing a diversified portfolio that includes copper and cobalt projects near Mt Isa and a multi-metals lithium project in Western Australia. This multi-pronged approach aims to build long-term shareholder value across precious and critical metals.