EV Resources Completes Khartoum Sale to Fund Los Lirios Antimony Drilling

An update from EV Resources Limited ( (AU:EVR) ) is now available.

EV Resources has received A$600,000 from Koba Resources, completing the sale of its 100%-owned Khartoum Project in Queensland for total cash consideration of A$700,000 plus a 1% net smelter royalty. The proceeds will strengthen the balance sheet and be directed mainly toward the maiden drill program at the Los Lirios Antimony Project in Mexico, as well as general and administrative expenses. The drill rig and crew are being mobilised, with drilling at Los Lirios set to commence before the end of January 2026, targeting priority zones along the Lirios Fault Zone to support the company’s goal of defining a maiden JORC resource in the third quarter of 2026. The company outlined a near-term news flow pipeline, including sampling and drilling results from Los Lirios and its Nevada projects, and preparatory engineering and refurbishment work on the Tecomatlán processing plant, underscoring its strategic push to reallocate capital into high-impact antimony exploration amid growing demand for the metal.

The most recent analyst rating on (AU:EVR) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on EV Resources Limited stock, see the AU:EVR Stock Forecast page.

More about EV Resources Limited

EV Resources Limited is an ASX-listed exploration company focused on developing high-priority antimony projects in North America, particularly the Los Lirios Antimony Project in Mexico. The company is pursuing a strategy of monetising non-core assets to fund exploration and advance towards defining JORC-compliant resources in critical and strategic metals such as antimony.

Average Trading Volume: 8,522,574

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$24.32M

For a thorough assessment of EVR stock, go to TipRanks’ Stock Analysis page.