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EV Resources Limited ( (AU:EVR) ) has provided an announcement.
EV Resources has made a pre-payment for the first of two Falcon Concentrators that will form the core of the gravity circuit at its Tecomatlan Plant in Mexico, locking in reduced pricing and marking a key step towards production. Each unit can process 15 tonnes per hour, and the equipment commitment underpins EVR’s plan to establish a near-term antimony supply for North America while accelerating its production ramp-up.
The company’s near-term strategy includes processing ore from regional artisanal miners alongside material from its Los Lirios project to generate early cash flow and maximise plant utilisation. Metallurgical test work has confirmed antimony recovery of about 90.8% from Los Lirios ore using gravity separation, while completed engineering and construction packages and progressing permits support a targeted commissioning of the refurbished Tecomatlan Plant in the second half of 2026.
EVR will run bulk samples from Los Lirios through the Tecomatlan facility to refine the commercial flowsheet and optimise both gravity and flotation circuits. The gravitational process is reagent-free and will use dry-stacked tailings, and supporting environmental studies indicate no critical ecological or community impacts, which reduces permitting risk for the project.
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 critical minerals company focused on developing antimony production capacity in Mexico. The company is refurbishing its Tecomatlan Plant and advancing its flagship Los Lirios project to supply antimony, targeting a secure and near-term supply chain for the North American market.
Average Trading Volume: 31,362,155
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$24.32M
See more data about EVR stock on TipRanks’ Stock Analysis page.