For those new. A fair amount of DD went into this.
https://mining.com.au/larvotto-resources-secures-3-4-million-to-advance-lithium-exploration-at-eyre-project-western-australia/
I don't expect LRV to become a lithium miner necessarily but as above with neighbours like that what we need to do is find lots of it, fast and monetise that position. Freeing up cash to build a scalable REE/ni/co/cu/au operation without mega dilution.
Likewise if you haven't seen the gold intercepts in nz, check it out. The potential to prove a viable commercial resource is live. Now whether LRV is the ultimate miner that's tbc but again options are good and there is a real opportunity to monetise what was an unloved asset while gold is at highs.
My money is on leveraging all of these positions into a bootstrapped, low SOI mid-tier copper producer in Mt Isa and ni, co, PGE, ree at Eyre but hey any of the above are good.
Ann: Bonanza Rare Earth Drill Results - Merivale South, page-187
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Mkt cap ! $26.27M | |||
| Open | High | Low | Value | Volume |
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| Last trade - 14.30pm 22/05/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
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| Last updated 14.30pm 22/05/2024 ? | |||||
| LRV (ASX) Chart |