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Larvotto Resources Ltd ASX:LRV

0 opened or increased1 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

2026

31 Oct 2025 to today

Commentary 1 comments

DateManagerActionSummary

31 Oct 2025Phoenix Growth FundHeldPhoenix Growth Fund continues to hold Larvotto Resources after the company's board rejected a takeover offer from United States Antimony Corporation, which proposed 6 USAC shares for every 100 LRV shares. The fund notes that Larvotto's board determined the bid materially undervalued the company.

Critical Minerals M&AMonthly Report, price recorded $1.14

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 1 managers first commented on LRV.

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About Larvotto Resources Ltd

Materials, Metals and Mining

Larvotto Resources (ASX:LRV), an antimony and gold developer, rejected a takeover offer from a US company. In October 2025, Phoenix Growth Fund reported Larvotto received and rejected a takeover offer from United States Antimony Corporation, highlighting the strategic value of its Hillgrove antimony-gold project in New South Wales as Western countries seek supply outside China. Larvotto Resources operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 1 comment from 1 fund manager, Phoenix Growth Fund. Headquartered in Perth, Larvotto Resources is developing the Hillgrove antimony-gold project near Armidale in New South Wales, one of Australia's largest antimony deposits, and holds other exploration assets, aiming to become a producer of antimony, a critical mineral used in defence, batteries and flame retardants, with China dominating global supply.

Market cap: $434m
Price to earnings: Loss-making
Return on equity: -28.9%
Dividend yield: 0.0%
Price to book: 6.44x
52-week range: $0.84 to $1.67

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Larvotto Resources Ltd (ASX:LRV)?

Fund managers including Phoenix Growth Fund have invested in Larvotto Resources Ltd (ASX:LRV).

What opportunities or catalysts do fund managers highlight for Larvotto Resources Ltd?

Phoenix highlights takeover interest from US Antimony Corporation, demonstrating the strategic value of Larvotto's Hillgrove antimony-gold project.

What are the key risks to the Larvotto Resources Ltd investment thesis, according to fund managers?

The available commentary does not detail specific risks, though Larvotto rejected the offer and must now fund and develop Hillgrove independently.

What does Larvotto Resources Ltd (ASX:LRV) do?

Larvotto Resources Ltd. is an Australia-based exploration company focused on acquiring and developing mineral resources projects in Tier 1 locations, including Australia and New Zealand. Founded on November 2, 2020, the company is headquartered in Nedlands, Australia.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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