Larvotto Resources (ASX:LRV) announced financial results for the quarter ended 30 September 2022.

Two distinct, robust rare earth element (REE) anomalies identified at the Eyre Project, Western Australia with total REE values of up to 1,693ppm TREO.

FLEM geophysical survey defines targets for follow up at Mt Norcott Prospect within Eyre Project including targets coincident with well-defined Ni / Cu soil geochemical anomaly.

Drilling commenced at Mt Isa Copper Project, Queensland with activities to focus on the high priority Blue Star, Gospel and Portal Creek targets, results awaited.

Post quarter, LRV reported a significant lithium soil geochemical anomaly associated with outcropping pegmatite has been identified at the Merivale Prospect in the Eyre Project.

Post quarter, $3.4M Royalty, Equity and Offtake Agreement (REO Agreement) signed with Canadian-based Lithium Royalty Corp (LRC) and Waratah Capital?s Electrification and Decarbonization Fund AIE LP to advance lithium strategy at Eyre Project.

Post quarter, LRV completed a $2M placement with funds to be used for further exploration activities including drilling at Mt Isa Copper Project and Ohakuri Gold Project.

Post quarter, Geophysical survey commenced at the Ohakuri Gold Project, New Zealand with program to refine gold feeder zone targets prior to drilling.

Following the announcement the company?s share price fell 5.714%.