# Larvotto Strikes Gold at Midas as Hillgrove Transitions into Active Commercial Production Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/larvotto-strikes-gold-at-midas-as-hillgrove-transitions-into-active-commercial-p--560bdc11-6bb0-42be-a795-c6d756268078 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: Unknown date Atlas analysis updated: Unknown date - Company: Larvotto Resources - Ticker: LRV - Exchange: Unavailable - Region: New South Wales - Primary commodity: Gold - Secondary commodities: Antimony, Tungsten, Copper, Cobalt - Document categories: Production, Drill results, Metallurgy - Extracted: 2026-09-18 11:19:44 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Larvotto Resources has successfully commissioned the Hillgrove processing plant in New South Wales, hitting its production timeline. The company has also identified the Midas gold discovery near existing workings and is successfully recovering tungsten \(90% recovery\) as a third payable metal. Reasoning: The company has successfully transitioned Hillgrove to production on schedule, while simultaneously discovering a significant new gold target \(Midas\) and unlocking tungsten as a high-recovery byproduct. - Positive factor: On-schedule commissioning of Hillgrove processing plant - Positive factor: New Midas gold discovery adjacent to existing workings - Positive factor: Tungsten emerging as a high-recovery \(90%\) third payable metal - Positive factor: Secured offtake agreements with Glencore and Wogen Resources - Positive factor: Successful transition to commercial production - Negative factor: Assay results for Clarks Gully and Midas drilling currently delayed by lab backlogs - Negative factor: Regulatory approvals \(Modification 5\) still required for full capacity Facts used in scoring: 5 ## Classification and evidence **Production** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Hillgrove processing plant began operating on 31st August 2026. Evidence · text > Hillgrove's processing plant began operating on 31st August 2026 **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Midas zone is a new gold lode identified adjacent to current underground workings. Evidence · text > new 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: Tungsten recovery achieved is 90% into the 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: 3. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/larvotto-strikes-gold-at-midas-as-hillgrove-transitions-into-active-commercial-p--560bdc11-6bb0-42be-a795-c6d756268078#fact-drill-facts-2) Midas Needs review: drill\_no\_hole\_id #### Identity - Project: Midas - Region: australia\_nsw - Reported Region: australia\_nsw - Ticker: LRV #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes #### Metal Equivalent - Metal Eq. Grade: 2.58 - Assumptions Disclosed: No #### 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 is a high-potential exploration target but lacks formal resource classification. - Positive factor: Significant gold equivalent potential - Negative factor: Conceptual exploration target, not a resource Evidence · text > 2.7 to 10.7 million tonnes grading 2.58 to 8.55g/T AuEq for between 223,000 and 2.95 million ounces of gold equivalent #### 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. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent. Why it applies: an equivalent grade is reported without its assumptions ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/larvotto-strikes-gold-at-midas-as-hillgrove-transitions-into-active-commercial-p--560bdc11-6bb0-42be-a795-c6d756268078#fact-drill-facts-4) Blockade Mine · copper Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Blockade Mine - Commodity: copper - Region: australia\_qld - Reported Region: australia\_qld - Ticker: LRV #### Geometry - Grade: 1.16 - Grade Unit: % - Intercept: 31 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-18T00:00:00.000Z Reasoning: Historical RC drilling at Blockade validated high-grade copper. - Positive factor: High-grade copper intercepts Evidence · text > 31 metres at 1.16% copper from 63 metres, with high-grade intercepts up to 4.08% copper #### 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) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/larvotto-strikes-gold-at-midas-as-hillgrove-transitions-into-active-commercial-p--560bdc11-6bb0-42be-a795-c6d756268078#fact-metallurgical-facts-3) Hillgrove · tungsten #### Identity - Project: Hillgrove - Commodity: tungsten - Region: australia\_nsw - Reported Region: New South Wales - Ticker: LRV #### Test Work - 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: Tungsten is successfully being recovered as a byproduct. - Positive factor: High recovery into rougher float Evidence · text > 90% recovery achieved into the rougher float ## 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.