How Far Does the Freehold Mineralisation Extend for Larvotto Resources (ASX:LRV)?

Sonal Goyal

11 November 2026 12:21 PM AEDT

How Far Does the Freehold Mineralisation Extend for Larvotto Resources (ASX:LRV)?

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Key Highlights

The 31-hole, 7,893m Freehold program is complete, with final assays now reported for the last 15 holes.
Mineralisation now extends over more than 700m of strike, roughly double the length of historic mining.
FRE042 returned 10m at 9.61 g/t AuEq from 526m, including 4m at 19.91 g/t AuEq from the same depth.
Freehold is not included in the Hillgrove Mineral Resource, and mineralisation remains open to the south and at depth.

Larvotto Resources Limited (ASX:LRV) has reported final assays from the completed 31-hole diamond drilling program at Freehold, part of its 100%-owned Hillgrove Antimony-Gold Project in New South Wales. The update dated 11 November 2026 covers the last 15 holes of the 7,893m program and describes gold-antimony-tungsten mineralisation extended well beyond the historic mine.

High-grade intercepts and their depth

The standout result was FRE042, which returned 10m at 9.61 g/t AuEq from 526m, including 4m at 19.91 g/t AuEq from the same depth. FRE038 returned 9m at 8.05 g/t AuEq from 105m, including 4.4m at 13.53 g/t AuEq from 109m. Shorter intervals included 2.4m at 10.37 g/t AuEq from 146.7m in FRE029 and 1.5m at 18.94 g/t AuEq from 16m in FRE041.

Tungsten also featured. FRE041 returned 1.5m at 1.95% WO3 from 16m and 0.6m at 1.01% WO3 from 226m, while FRE042 returned 0.5m at 0.82% WO3 from 251m. The company said these results show a wider metal suite within the system than the historic antimony-gold focus.

Extending the Freehold structure

Freehold sits about 1.2km east of the Hillgrove processing plant and has a long history of antimony-gold mining. New England Antimony Mines operated the mine from 1974 to 2002, developing a 330m deep shaft and eight underground levels across about 300m of strike. Mineralisation is now defined over approximately 700m, and the company describes the structures as steeply dipping and northwest-trending.

Drilling also confirmed additional high-grade lodes west of the historic mine and parallel structures across the broader corridor. The company says the historic workings represent only part of a substantially broader mineralised system.

What is still outstanding

Freehold is not included in the Hillgrove Mineral Resource, and no resource has been estimated for the area. The company said the expanded footprint and proximity to processing infrastructure make Freehold a candidate for future work.

Intercepts are reported as drilled lengths, and the update does not give true widths. The company said mineralisation remains open to the south and at depth, and that the results should guide targeting of higher-grade plunging shoots below the historic workings. Metallurgical and economic work on the combined metal suite has not been reported in this update.

Final Word

Freehold has moved from a historic mine to a mineralised system with more than 700 metres of defined strike, and the drilling has identified high-grade shoots that remain open. The next steps are to turn the geological framework into drill targets and to show whether the system can be added to the Hillgrove resource base.

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