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EV Resources Limited (ASX:EVR)

ALERT: Price-sensitive ASX Announcement for EVR
Current share price for EVR : $0.005 -0.005 (-50%)+
Announcement
Release
29 Jan 2026 9:50AM
Price at Release
$0.010
Full Release
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Summary
EV Resources Limited reported significant progress in its quarterly activities report for the period ending 31st December 2025. The company focused on its high-grade antimony projects, particularly the Los Lirios Antimony Project in Mexico, where extensive fieldwork and geological mapping confirmed the presence of a potentially large-scale antimony system. The company completed a comprehensive sampling campaign and has commenced preparations for a maiden drill program in January 2026. Financially, EVR has strengthened its balance sheet with $3.2 million in cash, supported by a successful equity placement. The company is advancing its Tecomatlán processing plant in Nevada, secured under favorable lease terms, to enhance production capacity. Additionally, EVR divested its Khartoum Project to streamline its portfolio and focus on its core antimony assets. The company is well-positioned for a transformative year in 2026, aiming to advance from exploration to production planning.
Key Points
  • Completed extensive fieldwork at Los Lirios Antimony Project, identifying significant stibnite mineralization.
  • Prepared for maiden drill program at Los Lirios to start in January 2026.
  • Financially strong with $3.2 million in cash and successful equity placement.
  • Advanced Tecomatlán processing plant in Nevada with favorable lease terms to enhance production capacity.
  • Divested Khartoum Project to streamline asset portfolio and focus on antimony assets.
  • Set for a transformative 2026, aiming to move from exploration to production planning.
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.