Larvotto Resources secured commitments for a $5 million equity raising, marking a major milestone in the advancement of its Hillgrove Gold-Antimony Project in New South Wales.

The placement involves a single-tranche issue of 47.6 million new shares priced at 10.5 cents each.

Larvotto also announced a share purchase plan to raise an additional $1 million.

Funds from the equity raising will be directed towards advancing the Hillgrove Project, including the completion of the pre-feasibility study and initiating exploration drilling at prospective sites such as Bakers Creek, where recent high-grade gold intersections were reported.