EV Resources advances Mexican antimony hub and broadens critical metals portfolio

EV Resources Limited ( (AU:EVR) ) just unveiled an announcement.

EV Resources reported significant progress at its Los Lirios antimony project in Oaxaca, where it has begun a maiden diamond drilling program over a historically mined, high-grade system and confirmed dual mineralisation styles, including carbonate replacement deposits associated with large-scale antimony systems. Surface channel sampling returned exceptional grades and initial processing tests produced antimony ingots, supporting a simple, low-cost mine-to-metal pathway and paving the way for a maiden mineral resource estimate targeted later this year.

The company advanced refurbishment of its Tecomatlán processing plant in Puebla, securing key equipment and restructuring its purchase option to reduce upfront risk, as it positions the facility as a regional antimony hub capable of processing EVR and artisanal ore with staged production from gravity to flotation circuits. EV Resources also reported high-grade reconnaissance results from its Nevada antimony projects, consolidated 100% ownership of the drill-ready Don Enrique copper-silver project in Peru, completed the sale of a non-core asset to fund Mexican drilling, and engaged a U.S. advisor to pursue strategic and non-dilutive funding avenues.

More about EV Resources Limited

EV Resources Limited is an exploration and development company focused on critical and base metals, with a particular emphasis on antimony projects in Mexico and Nevada and a copper-silver project in Peru. The company is progressing from explorer to near-term producer by combining upstream project development with a centralised processing strategy, targeting both its own ore and third-party material.

Average Trading Volume: 12,749,823

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$27.36M

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