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Evolution Energy Minerals Limited (ASX:EV1)

ALERT: Price-sensitive ASX Announcement for EV1
Current share price for EV1 : $0.009 0 (0%)+
Announcement
Release
5 Aug 2026 8:19AM
Price at Release
$0.009
Full Release
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Summary
Evolution Energy Minerals Limited (EV1) announced the clearance from Tanzania’s Mining Commission to finalize the drilling contract for the Chikundo Copper Project. The approval comes after EV1's Expression of Interest, which shortlisted three 100% Tanzanian-owned contractors, ensuring the benefits remain local. The selection of contractors focused on safety, experience, and equipment capability. With this green light, EV1 will proceed with contract finalization and mobilization for the drilling programme, designed to test four copper targets identified at Chikundo. This step aligns with EV1’s commitment to contribute to the local economy and uphold Tanzanian participation in the project.
Key Points
  • EV1's Expression of Interest for the Chikundo drilling programme approved by Tanzania’s Mining Commission.
  • Three 100% Tanzanian-owned contractors shortlisted.
  • Contractors assessed based on safety, experience, and equipment capability.
  • Approval allows EV1 to finalize the drilling contract and plan for mobilization.
  • The drilling programme aims to test four copper targets at Chikundo.
  • Commitment to local content by engaging Tanzanian contractors.
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.