Larvotto Resources Advances Drilling Amid Surging Tungsten Prices
Tungsten prices have surged from $US300 to $US2,650 per mtu within 16 months, presenting opportunities for Larvotto Resources. The company is actively drilling at its Metz Mining Centre in New South Wales, targeting high-grade tungsten alongside gold and antimony, amidst a global shift in critical minerals sourcing.
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Larvotto Resources is conducting a diamond drilling campaign at the Metz Mining Centre in New South Wales, where tungsten prices have increased significantly, from approximately $US300 per mtu in early 2025 to $US2,650/mtu by March 20, 2026. Recent drilling results include 0.4 m at 9.09% WO₃ from 294.9 m in drill hole BLK109 and 0.4 m at 4.11% WO₃ from 38 m in BLK110.
The company plans further drilling to target zones beneath historical workings to enhance its resource base. This surge in tungsten prices, driven by supply constraints from China, positions Larvotto to provide alternative sources for Western manufacturers.
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