LRV 9.09% 42.0¢ larvotto resources limited

Ann: Transformational Acquisition Presentation, page-6

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    Managing Director, Mr Ron Heeks said the unique nature of the strategic acquisition of the Hillgrove Project has moved the Company into a new league:“After an intense few months of due diligence and negotiations with the Administrators of Red River, we have achieved what no exploration program could ever have done – in one swoop, we have added 1.4Moz of high-grade JORC AuEq ounces for the purchase price of under $6 per ounce (after NSW government environmental bonds).This is exceptional value for shareholders plus we have joined the exclusive club of high-grade 1Moz- plus explorers with growing exposure to critical minerals.Not many junior companies get the chance to move up the resource curve so rapidly and cost effectively.”


    it would appear it has been in the works for a few months according to that quote- so hopefully not at all related to current programs underway and their success or not
 
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