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EV Resources Limited ( (AU:EVR) ) has shared an announcement.
EV Resources has mobilised a drill rig and signed a contract with Mexican contractor Perforaciones Mineras Estrella for a fully funded 1,500–2,000m maiden diamond drilling program at its Los Lirios Antimony Project in Oaxaca, with drilling expected to begin before the end of January. The Phase 1 program will test shallow high-grade antimony targets along a 900m section of the 9km Lirios Fault Zone, marking the company’s transition from surface exploration to subsurface definition, laying the groundwork for a maiden JORC resource targeted for the third quarter of 2026 and underpinning a larger 2026 campaign aimed at advancing Los Lirios and complementary development at Tecomatlán toward potential production.
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 and development company focused on high-grade antimony assets, notably the Los Lirios Antimony Project in Oaxaca State, Mexico, and associated development plans at Tecomatlán. The company is progressing from surface exploration toward defining compliant mineral resources and positioning its projects for potential near-term production as part of a broader 2026 exploration and development campaign.
Average Trading Volume: 9,294,615
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$24.32M
Find detailed analytics on EVR stock on TipRanks’ Stock Analysis page.