Larvotto Resources Limited announced the company's maiden drill program at its 100%-owned Eyre Project has commenced following the completion of Native Title Heritage Surveys and Environmental Assessment at the Merivale and Merivale South prospects. Aircore drilling of the lithium and rare earth element (TREO) anomalies identified at Merivale and Merivale South commenced on 16th January,2023 and will initially comprise 4,000m of drilling. The Merivale anomaly was generated from Larvotto's geochemical soil program at Eyre which was designed to test the prospective rock units that extend south from Liontown Resources' Buldania deposit, located just to the north.

The main geochemical anomaly is currently defined over an area of 4km long and 1km wide, with a maximum lithium value of 126ppm Li, which is five times background levels. The anomaly trend also extends a further 2km north and 1km south. The aim of the aircore drilling program is to refine the broad geochemical anomaly and generate discrete targets for follow up RC drill testing.

As most of the area is covered by transported soils with only small outcrops of pegmatites visible, lines of aircore drilling across the trends of the highest geochemical anomalies will assist with identifying the exact location of pegmatite units for more detailed follow-up. Aircore at Merivale South is targeting the high TREO auger geochemical historically obtained by AngloGold Australia that undertook a large regional auger program between 2009 and 2013. The anomaly sits within the Albany-Fraser Belt, just south of the contact with the Yilgarn Block.

A peak value of 1,693ppm TREO was recorded within a 1.8km long >400ppm TREO anomaly, which is surrounded by a significantly larger >100ppm TREO anomaly. The geochemical anomaly is coincident with a very strong thorium satellite radiometrics response and an airborne magnetics high.