Larvotto Resources Ltd (ASX:LRV) saw its stock price soar 9.36% during intraday trading on Wednesday, driven by an encouraging update on the development of its key Hillgrove antimony-gold project.
The company announced that first production at the New South Wales project remains on track to begin in the middle of the year, with Modification 5 progressing as planned to allow processing at a rate of 525,000 tonnes per year. Processing plant refurbishment and underground development activities continue to advance in line with the development plan, with plant commissioning scheduled to commence in August.
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