What's Happening?
Larvotto Resources has reported a 90% tungsten recovery rate at its Hillgrove project in New South Wales, Australia. The metallurgical test-work indicates that a simple and cost-effective processing circuit could produce a saleable tungsten concentrate
alongside existing antimony and gold operations. The company is conducting ongoing optimization studies to further enhance recovery rates and concentrate quality. This development could improve the project's economics by adding another revenue stream with limited additional capital investment and low operating costs.
Why It's Important?
The successful recovery of tungsten at Hillgrove represents a significant opportunity for Larvotto Resources to diversify its product offerings and increase profitability. Tungsten is a high-value commodity, and its extraction as a byproduct could enhance the overall economic viability of the project. This development is particularly timely given the record-high tungsten prices, which could provide substantial financial benefits to the company. The ability to produce tungsten concentrate with minimal additional investment underscores the potential for efficient resource utilization and cost-effective operations.
What's Next?
Larvotto Resources plans to continue optimization studies to further improve tungsten recovery rates and concentrate quality. The company may also explore additional tungsten potential within the wider Hillgrove field, as indicated by recent exploration results. If successful, these efforts could lead to increased production and revenue from tungsten, strengthening Larvotto's position in the market. The company will likely monitor market conditions and adjust its production strategy to capitalize on favorable tungsten prices.
