Larvotto Resources Limited (ASX: LRV) has announced it will receive a $388,662 research and development (R&D) tax refund from the Australian Government Tax Office for the year ended 31 December 2024. Larvotto Resources Limited is actively advancing its portfolio of in-demand minerals projects including the Hillgrove Gold-Antimony Project in NSW, the large Mt Isa copper, gold, and cobalt project adjacent to Mt Isa townsite in Queensland, and the Eyre multi-metals and lithium project located 30km east of Norseman in Western Australia. The company’s board blends experienced explorers, corporate financiers, an ESG specialist, and a corporate culture to effectively progress its projects.
The refund was awarded under the Federal Government’s R&D Tax Incentive program. It acknowledges the company’s ongoing metallurgical investigations into recovery pathways for both gold and antimony ore, as well as historic tailings, at its Hillgrove Antimony-Gold Project in New South Wales. Larvotto submitted a successful application with AusIndustry to receive the funds.
Larvotto’s R&D program is designed to investigate recovery pathways for gold and antimony from two distinct sources: in-situ ore and legacy tailings material from TSF1. According to the announcement, tailings retreatment has demonstrated technical feasibility, presenting an opportunity to potentially boost overall metal production. It may also contribute to environmental remediation by reducing the footprint of historical storage facilities.
Larvotto Resources confirmed that the board of directors authorised the release of this announcement. For further information, investors and media are directed to contact Managing Director Ron Heeks or media and investor relations contact Ben Creagh, whose details are provided in the announcement.
