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Evolution Energy Minerals Limited (ASX:EV1)

ALERT: Price-sensitive ASX Announcement for EV1
Current share price for EV1 : $0.010 0.003 (42.86%)+
Announcement
Release
11 Jun 2026 8:19AM
Price at Release
$0.007
Full Release
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Summary
Evolution Energy Minerals Limited has conducted a comprehensive soil geochemistry programme at the Chikundo Copper Project in Tanzania, incorporating 1,558 new soil samples with 626 historical ones, resulting in a dataset of 2,184 samples. This evaluation identified four priority copper drill targets, notably the Chikundo Prospect, which is the highest priority and extends beyond known artisanal workings. Independent analysis confirmed these anomalies are consistent with genuine hydrothermal copper mineralisation. The findings indicate a significant exploration potential beyond the known areas and lay the groundwork for a maiden drilling programme scheduled to start in the near future.
Key Points
  • Evolution Energy Minerals Limited completed a soil geochemistry programme at the Chikundo Copper Project.
  • The programme involved 1,558 new and 626 historical soil samples.
  • Four drill-ready targets have been identified: Chikundo Prospect, Nangurugai, Chikundo North, and Chikundo West.
  • The Chikundo Prospect is the highest priority target, extending beyond known artisanal copper workings.
  • An independent review confirmed genuine hydrothermal copper mineralisation anomalies.
  • The project shows potential for broader exploration beyond known workings.
  • A maiden drilling programme is planned to commence soon.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.