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Evolution Energy Minerals Limited ( (AU:EV1) ) has issued an update.
In the December 2025 quarter, Evolution Energy Minerals concentrated on advancing exploration at its Chikundo Copper Project, strengthening its balance sheet and continuing regulatory engagement for its Chilalo Graphite Project in Tanzania. The company launched a large-scale soil sampling campaign at Chikundo across three priority prospects, collecting hundreds of samples to support a volcanogenic massive sulphide (VMS) geochemical model and refine targets for a planned 2026 reverse circulation drilling program. At the corporate level, Evolution retired nearly all outstanding creditors, tightened administrative overheads and appointed Satoshi Capital Advisors to help identify funding pathways for Chilalo, while maintaining active dialogue with the Tanzanian Mining Commission over Mining Licence ML 716/2023 and working toward an updated development schedule that targets initial ore mining by October 2027, signalling ongoing progress but also highlighting the regulatory and financing steps still required before full-scale development.
The most recent analyst rating on (AU:EV1) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Evolution Energy Minerals Limited stock, see the AU:EV1 Stock Forecast page.
More about Evolution Energy Minerals Limited
Evolution Energy Minerals Limited is an ASX-listed resources company focused on the exploration and development of battery and critical minerals projects, notably the Chilalo Graphite Project in Tanzania and the Chikundo Copper Project. The company is targeting growing global demand for graphite and copper, key inputs in electric vehicles, energy storage and broader electrification trends, while working to secure funding and regulatory approvals to advance its Tanzanian assets toward production.
Average Trading Volume: 909,921
Technical Sentiment Signal: Hold
Current Market Cap: A$12.91M
See more data about EV1 stock on TipRanks’ Stock Analysis page.