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Larvotto Resources Limited (ASX Code: LRV) lodged a prospectus to raise up to $6 million and list on ASX. The offer in the prospectus was for 30 million shares at an offer price of $0.20 per share, with an attaching option on a one for two basis and a 3 year term.

Larvotto is an emerging exploration company with a portfolio of copper, cobalt and gold projects operating in Australia and New Zealand. The Company has three project areas; Mount Isa, Queensland, focused on copper, gold and cobalt, the Eyre Project directly east of Norseman, WA with nickel, gold, copper and PGE potential as well as an advanced epithermal gold opportunity in the north island of New Zealand.  

Larvotto Managing Director, Mr Ron Heeks, said,


With an ASX listing nearly complete, the company will commence work on its Mt Isa Copper project, New Zealand based Ohakuri Gold project and West Australian gold and base metals project at Eyre, east of Norseman.

Listed today, opened at 14c and keeping well off the IPO price, with the high so far of 14.5c


Listing date

06 December 2021 12:30PM AEDT ##
Company contact details


Principal Activities Mineral exploration
Issue Price AUD 0.20
Issue Type Ordinary Fully Paid Shares
Security code LRV
Capital to be Raised $5,000,000
Expected offer close date 16 November 2021
Underwriter Not underwritten. Canaccord Genuity (Australia) Limited and Aitken Murray Capital Partners (Joint Lead Managers)


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On 12/6/2021 at 2:02 PM, nipper said:

opened at 14c and keeping well off the IPO price, with the high so far of 14.5c


and a kick today, but only to the listing price, putting on a further 5c to 20c:


Larvotto Resources up to 16c on news that they are targetting lithium and base metals at their Eyre Project in WA via a geochemical sampling program that is due to commence in early January 2022. Just the mention of lithium was enough to get the share price moving !!


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