HIGHLIGHTS

Tecomatlán Processing Plant, Puebla Mexico

  • Grinding circuit refurbishment complete: All three ball mills fully refurbished and successfully dry commissioned, confirming mechanical integrity ahead of wet commissioning and first ore processing.
  • Commissioning on schedule: First antimony concentrate production remains targeted for 2H CY2026 via the Company’s proof-of-concept model.
  • Proof-of-concept campaign progressing: Plant refurbishment, metallurgical optimisation, ore sourcing and permitting activities continued to converge toward EVR’s planned production-capable proof-of-concept campaign ahead of commercial operations.
  • Flotation: EVR resolved to combine its original Stage 1 (gravity) and Stage 2 (flotation) plans into a single integrated circuit, creating an accelerated timeline to first production. (see video – link)
  • Comparative metallurgical testwork confirmed the preferred commercial processing route and further validated the technical basis for EVR’s production-capable Proof of Concept strategy: Independent test work on third-party Chinantla ore confirmed flotation recovers approx. 81% of contained antimony at a concentrate grade of 42.4% Sb, with upgrading test work reaching a 62.9% Sb concentrate, nearly triple the 20.54% Sb concentrate grade achieved by gravity concentration alone.
  • Feedstock pipeline scaled to four MOUs: Non-binding agreements signed across Puebla and Guerrero now cover an estimated 50–60% of the plant’s nameplate capacity, underpinning the production hub model.
  • Key environmental permit secured: Change of Use of Soil (Cambio de Uso de Suelo) permit was received in May for the Tecomatlán processing plant, clearing the way for the Informe Preventivo filing and grid interconnection application.
  • Low incremental cost, ~7-month permitting pathway: With a significant portion of the flotation circuit already installed, EVR has substantially advanced the processing plant timeline. The Company’s environmental consultant has advised that the flotation permitting pathway (Informe Preventivo) is expected to take approximately seven months and will progress concurrently with the remaining construction activities.

Los Lirios Antimony Project, Oaxaca Mexico

  • Shallow, laterally extensive antimony system confirmed: Initial Phase 1 diamond drilling assays at Lirios 1 confirmed a broad, shallow Carbonate Replacement Deposit (CRD) system, with four of the first five holes intersecting antimony mineralisation from less than 10m below surface, headlined by 3.05m @ 2.10% Sb from 8.1m.
  • Future mine feed defined: Exploration Target of 1.8Mt – 5.0Mt containing 70kt– 166kt of contained antimony metal across the Lirios 1 and Lirios 2 CRD zones (1.8% Sb) and the high-grade Cofradia zone (6.7% Sb).
  • High-grade continuity confirmed underground: Systematic channel sampling across four historical adits (San Rafael, Guadalupana, Linda Vista and San Pedro) returned grades up to 25.2% Sb, materially de-risking the geological model ahead of Phase 2 drilling.
  • Structural vectoring tool identified: High-grade antimony confirmed to be spatially controlled by proximity to feeder structures, giving EVR a targeting tool to vector toward bonanza-grade zones within the CRD unit in Phase 2 drilling.
  • Resource modelling advancing: Maiden JORC Mineral Resource Estimate at Los Lirios underway.

Dollar & Milton Antimony Projects, Nevada

  • High-grade gold confirmed at Dollar: Verified fire-assay results of up to 3.88 g/t Au validate a high-grade polymetallic Au-Sb-Cu-Ag system, adding a precious metals dimension to previously reported antimony and copper results.
  • Systematic exploration advancing: Soil geochemistry and mapping programs progressed across both 100%-owned Nevada projects to define first-pass drill targets ahead of maiden drilling.

Corporate

  • 10:1 Consolidation of Capital: The Company will undertake a consolidation of its issued capital on a 10:1 basis, subject to shareholder approval at an upcoming general meeting of shareholders.
  • The Company continued to advance engagement with US federal and state agencies and non-dilutive funding pathways (DPA, IRA) through strategic advisor MineMaker LLC.
  • A$1.52 Million Non-Renounceable Rights Issue: The capital raising is designed to fund completion of EVR’s production-capable Proof of Concept program and accelerate the Company’s transition toward commercial antimony production. The first $1m under the Rights Issue is underwritten.

EV Resources Limited (ASX:EVR) (“EVR” or the “Company”) is pleased to provide its activities report for the quarter ended 30th June 2026 (‘Quarter’).

The June Quarter represented an important transition for EVR as the Company increasingly focused on executing the final technical, operational and commercial workstreams required ahead of planned antimony production. Exploration, metallurgy, permitting, plant refurbishment and feedstock acquisition continued to converge toward EVR’s production-capable proof-of-concept (PoC) strategy.

At Tecomatlán, the Company completed and dry-commissioned the grinding and flotation circuits, secured a critical environmental permit, and expanded its third-party feedstock pipeline to four MOUs covering more than half of the plant’s nameplate capacity, placing EVR firmly on track for first antimony concentrate production in the second half of CY2026.

At Los Lirios, initial Phase 1 drill assays confirmed a broad, shallow and laterally extensive antimony-bearing CRD system, underpinning a maiden Exploration Target of 1.8Mt–5.0Mt at 70kt–166kt of contained antimony, while systematic underground channel sampling returned grades of up to 25.2% Sb and identified a clear structural vectoring tool for Phase 2 drilling. Clarification statement: The potential tonnages and grade of an Exploration Target are conceptual in nature. There has been insufficient exploration work to estimate a Mineral Resource and it is uncertain whether further exploration will result in the estimation of a Mineral Resource.

EVR’s strategic priorities during the Quarter remained focused on four key pillars designed to support the Company’s transition toward commercial antimony production:

Production-Capable Proof of Concept – commissioning the Tecomatlán processing plant and validating the complete processing flowsheet under operating conditions. Future Mine Feed – advancing exploration and permitting at Los Lirios while securing third-party ore purchases to support processing operations. Regional Processing Hub – positioning Tecomatlán as a central processing facility capable of treating ore from both Company-owned and third-party deposits. Strategic Supply Chains – aligning EVR with rapidly developing Western critical minerals initiatives and future government and commercial funding opportunities.

Executive Chairman, Shane Menere, commented: This quarter turned Los Lirios and Tecomatlán from promising ideas into proven ones. At Los Lirios, our first drill assays uncovered a broad, shallow carbonate replacement system and channel sampling has since returned grades up to 25.2% antimony with a clear structural trend to guide our next phase of drilling. That combination underpins a maiden JORC Exploration Target of between 70,000 tonnes and 166,000 tonnes of contained antimony and keeps us on track for a maiden JORC Resource to support future production.

“Importantly, every workstream now underway is directed toward one objective – successfully completing EVR’s production-capable proof-of-concept (PoC). That program is intended to demonstrate processing performance, validate concentrate quality, optimise recoveries, establish operating parameters and further de-risk the Company’s transition toward commercial antimony production. Each technical milestone completed progressively reduces the operational and commercial risks associated with EVR’s transition from explorer to antimony producer, providing a disciplined pathway toward sustainable commercial production.”

Tecomatlán Processing Hub (Puebla, Mexico)

The June Quarter moved Tecomatlán from refurbishment toward production readiness. Plant infrastructure, metallurgical optimisation, permitting and regional ore supply all advanced in parallel, progressively de-risking EVR’s planned production-capable proof-of-concept campaign.

On 28 May 2026, EVR announced that the owner of the Tecomatlán plant had received the Change of Use of Soil (Cambio de Uso de Suelo) permit, a key regulatory approval under Mexico’s land-use framework1. EVR has recently submitted an Informe Preventivo required ahead of production by flotation. The Company has also lodged an application for grid interconnection with Mexico’s Comisión Federal de Electricidad (CFE).

Flotation Metallurgy Re-Rates the Processing Route2

On 24 June 2026, EVR reported independent comparative metallurgical test work on ore from the Chinantla antimony project, a regional third-party feedstock source held under an executed non-binding MOU. Three processing routes were tested including gravity concentration alone, gravity concentration followed by flotation of the gravity tailings and a flotation-led (bulk flotation) route. The results provide the technical foundation for the proof-of-concept campaign by validating the preferred commercial processing route.

The flotation-led route significantly outperformed both recovery and product value, as set out below:

Processing RouteConcentrate Grade (% Sb)Sb Recovery (%)
1. Gravity concentration only20.54 (combined)29.25
2. Gravity + flotation of tailings35.54 (flotation conc.)74.04 (overall)
3. Flotation (base case)42.4081.1

1 See EVR ASX Announcement “Critical Permit Milestone Achieved, Clearing Permitting Path to Near-Term Production” dated 28 May 2026
2 See EVR ASX Announcement “Flotation Test Work Delivers 81% Antimony Recovery and Confirms Preferred Tecomatlán Processing Route” dated 24 June 2026

Figure 1. Flotation Cell Banks at Tecomatlán

The flotation-led base case, run on material grading 13.36% Sb, recovered approximately 81.1% of contained antimony into a concentrate grading 42.4% Sb, at a concentrate weight yield of 28.4% and a concentration ratio of approximately 3.5, while rejecting around 88% of the silica gangue. Subsequent upgrading test work confirmed the ability to generate a high-grade concentrate of 62.9% Sb, comfortably exceeding typical smelter specifications.

Antimony recovery was achieved through activation of stibnite using lead nitrate in combination with potassium amyl xanthate (PAX) and supplementary collectors at neutral pH, with grinding to approximately 87% passing 200 mesh required for mineral liberation. Gravity upgrading of the flotation concentrate via shaking table was found technically capable of reaching a commercial-grade concentrate (62.5% Sb) but returned unacceptably low recoveries due to the fine particle size of the liberated antimony, and an optimised cleaner flotation circuit was instead identified as the preferred route to lift concentrate grade while preserving recovery.

Importantly, a significant part of the flotation circuit required is already installed and unutilised at Tecomatlán. EVR’s internal preliminary assessment indicates that installing new front-end rougher, scavenger and cleaner tank cells, and commissioning the existing flotation infrastructure, requires low incremental capital expenditure, estimated at a fraction of the cost of building a new gravity and flotation plant from scratch.

The Company’s environmental consultant has advised that the permitting pathway for flotation circuit operation (an Informe Preventivo followed by a Manifestación de Impacto Ambiental, or MIA) is approximately seven months and can run concurrently with construction and refurbishment of the integrated plant.

Grinding Circuit Complete3

Mechanically, the plant took a significant step forward during the Quarter. All three ball mills forming the grinding circuit were fully refurbished, including new discharge and safety systems and upgraded 50HP, 440V motors, and were successfully dry commissioned, verifying mechanical integrity ahead of wet commissioning.

Completion of the grinding circuit represents one of the final major mechanical milestones before wet commissioning and proof-of-concept operations.

Figure 2 – Tecomatlán Plant – Grinding Circuit, Ball Mills

Feedstock Pipeline Expanded to Four MOUs, Covering Over Half of Plant Capacity4

On 2 June 2026, EVR announced the execution of three additional non-binding Memoranda of Understanding (MOUs) with regional antimony ore producers, bringing the total number of feedstock MOUs to four. The agreements collectively cover approximately 2,330–2,430 tonnes per month of potential ore feedstock, equivalent to approximately 50–60% of the plant’s 150 tonne-per-day nameplate capacity on a 28-day operating month basis. Collectively these agreements provide confidence that sufficient regional ore sources exist to support the planned proof-of-concept campaign and future commercial processing operations.


3 See EVR ASX Announcement “Tecomatlán Plant Commissioning Path Strengthened by Dry Commissioning and Feedstock Agreement” dated 14 May 2026
4 See EVR ASX Announcement “Additional Tecomatlán Plant Feedstock MOUs Position EVR for over 50% of Plant Capacity” dated 2 June 2026

The four MOUs are as follows:

  • A private mining company located approximately 8km from the plant, with capacity for up to 2,000 tonnes per month with a grade of approximately 5% Sb
  • A Guerrero-based operator (~350km from the plant) able to supply 200–300 tonnes per month with a grade of approximately 6% Sb
  • A second Guerrero-based operator (~310km from the plant) able to supply approximately 80 tonnes per month with a grade above 5% Sb
  • A Puebla-based producer (~130km from the plant) able to supply approximately 50 tonnes per month with a grade above 5% Sb

All agreements remain non-binding, with definitive contracts and logistics arrangements yet to be finalised.

The production hub model underpinning these agreements allows regional artisanal and small-scale miners across Puebla, Oaxaca and Guerrero to avoid transporting ore to smelters located up to 1,200km away, while supplying EVR with feedstock ahead of Los Lirios ore becoming available.

Next Steps at Tecomatlán

  • Commence production-capable PoC activities.
  • Finalise ore supply
  • Finalise permitting
  • Complete wet commissioning
  • Produce first commercial-grade antimony concentrate and ingots
  • Secure offtake agreements for future antimony concentrate production, in line with EVR’s US critical minerals strategy

Los Lirios Antimony Project, Oaxaca Mexico (EVR 70%)

Los Lirios continued advancing toward its role as the long-term mine feed supporting the Company’s Tecomatlán processing hub. Defining a maiden Exploration Target, and completing a systematic underground channel sampling program that has materially de-risked the geological model ahead of further defining the high grade ore body.

Initial Drill Results Confirm Shallow, Extensive CRD System5

On 12 May 2026, EVR reported the first assay results from its maiden Phase 1 diamond drilling program at Lirios 1. Four of the first five holes assayed intersected antimony mineralisation from less than 10 metres below surface, headlined by an intercept of 3.05m @ 2.10% Sb from 8.1m, together with 2.0m @ 1.71% Sb from 9.35m and 0.4m @ 4.15% Sb from 6.2m.

The results confirmed the mineralised horizon as a Carbonate Replacement Deposit (CRD) – a gently folded, tabular zone of antimony mineralisation within a limestone unit, rather than the narrow, steeply dipping feeder veins the program was originally designed to test. A fifth hole, stepped 200m southwest of the main drilled area, intersected the same CRD horizon without high grades, confirming lateral continuity of the target unit. Assay results from the remaining Phase 1 holes were pending at Quarter end.

Figure 3 – Los Lirios 1 Partial assay results- significant intervals over current interpreted shallow lying CRD unit.
NSR = no significant result.


5 See EVR ASX Announcement “Maiden Drilling Confirms Extensive Shallow Antimony System at Los Lirios” dated 12 May 2026

Exploration Target Establishes Significant Scale6

On 22 June 2026, EVR announced an Exploration Target for Los Lirios of between 1.8 million tonnes and 5.0 million tonnes, containing between 70kt and 166kt of contained antimony metal, across three discrete zones (see Figure 3):

  • Lirios 1 and Lirios 2 CRD zones: estimated at 1.8% Sb.
  • Cofradia zone: a higher-grade hydrothermal breccia zone estimated at 6.7% Sb, supported by a historical channel sample of 2.2m @ 5.66% Sb.

The scale of the Exploration Target is significant to EVR’s broader strategy. At the upper end of the range, the tonnage and contained antimony metal are sufficient to underpin a multi-year mine life feeding the Tecomatlán processing hub, while the higher-grade Cofradia zone offers potential for earlier, higher-margin production within any future mine plan.

Converting the Exploration Target into a maiden JORC Mineral Resource Estimate, targeted for the September 2026 quarter, is the next critical step in establishing Los Lirios as the cornerstone asset supporting EVR’s North American antimony supply strategy.

Figure 4 – Exploration Target at Lirios- based on work conducted by the Company along the ~6km long LFZ corridor, with 3 areas included in the reported Target shown in green.

6 See EVR ASX Announcement “Maiden Exploration Target Establishes Significant Scale at the Los Lirios Antimony Project” dated 22 June 2026

The Exploration Target was established through geological interpretation integrating extensive channel sampling, a project-wide controlled-source audio-frequency magnetotelluric (CSAMT) geophysical survey, and the 15-hole Phase 1 drilling program.

Underground Channel Sampling Confirms High-Grade Continuity up to 25.2% Sb7

On 30 June 2026, EVR reported the results of a systematic underground channel sampling program across four historical, World War II-era workings at Lirios 1 (Mina San Rafael, Mina Guadalupana, Mina Linda Vista and Mina San Pedro). A total of 54 channel samples were cut perpendicular to mineralised faces to assess the continuity, width and grade of the target CRD horizon.

Standout results included

  • 1.3m @ 19.70% Sb, 1.3m @ 17.20% Sb and 1.6m @ 7.17% Sb at Mina Guadalupana (see Figure 4);
  • 1m @ 13.85% Sb and 1m @ 12.75% Sb at Mina San Pedro (see Figure 5);
  • 1m @ 9.40% Sb and 0.5m @ 11.35% Sb at Mina Linda Vista; and
  • 0.9m @ 25.20% Sb from historical Pit 1 within the San José CRD unit.

Figure 5 – Mina Guadalupana Select Significant Antimony Results (plan view).

7See EVR ASX Announcement “Underground Channels Highlight High-Grade Antimony up to 25.20% at Los Lirios Antimony Project” dated 30 June 2026

Figure 6 – Mina San Pedro Select Significant Antimony Results (plan view).

The program confirmed a continuous, structurally controlled CRD system and, critically, established a clear structural vectoring tool, with high-grade antimony consistently shown to be spatially associated with proximity to feeder structures. Management noted that the channel sampling methodology, which avoids the loss of brittle high-grade fines that can occur during diamond drilling in shallow, fractured ground, provides a highly representative and reliable data set to support the planned maiden JORC Mineral Resource Estimate.

Near-Surface Mineralisation Confirmed8

During the quarter, a previously unrecognised, 2m wide vein structure (designated San Miguel) was uncovered adjacent to Pit 5 at Lirios 1. The field team identified signs of alteration and brecciation in overlying calcrete and subsequent excavation exposed the structure, confirming new near-surface antimony mineralisation at a location with no prior historical exploitation or identification. The shallow depth of the San Miguel discovery underscores the untapped potential of the Los Lirios project area and provides a drill-ready additional target.


8See EVR ASX Announcement “Workstreams Advance EVR’s Antimony Hub Towards Production” dated 13 April 2026

Next Steps

  • Advance Phase 2 resource-definition drilling, targeting the CRD unit to the east, southeast and south at Lirios 1, the Cofradia high-grade structures, and the Lirios 2 CRD extents.
  • Advance surface structural mapping to further refine feeder-structure vectoring for high-grade targeting.
  • Integrate the 54 underground channel samples with historical data and Phase 1 drilling results into resource modelling.
  • Continue advancing Los Lirios toward supporting the Company’s production requirements.

Dollar and Milton Antimony Projects, Nevada (EVR 100%)

EVR advanced its 100%-owned Nevada portfolio during the Quarter, confirming high-grade gold mineralisation at the Dollar Project and progressing systematic exploration across both projects to build toward maiden drill targets representing longer-term growth beyond the Company’s near-term production strategy.

High-Grade Gold Confirmed at Dollar9

During the Quarter, EVR received verified gold assay results of up to 3.88g/t Au via fire assay testing at ALS Laboratories, confirming the presence of a genuine gold component within the polymetallic vein system at the Dollar Project. This result sits alongside previously reported reconnaissance results from Dollar and Milton of up to 15.05% Sb, 24.00% Cu, and elevated silver values, reinforcing the Nevada portfolio as a prospective, multi-commodity system where no modern exploration had previously been conducted.


9 See EVR ASX Announcement “EVR Confirms Gold at Dollar, Drill Targeting Advancing Across High-Grade Nevada Antimony Portfolio” dated 22 April 2026

Figure 7 – Dollar: Selected Gold (verified), silver and copper geochemistry from rock chip sampling previously reported and verified in this release)

Systematic Exploration Advancing

EVR progressed systematic soil geochemistry and geological mapping programs across both the Dollar and Milton projects during the Quarter, designed to convert the historical reconnaissance rock-chip results into first-pass drill targets.

The Nevada portfolio sits within the Union-Grantsville Mining District, with Milton located approximately 35km from Dollar and only 80km from the strategically significant Hawthorne Critical Metals Supply Depot, supporting the portfolio’s alignment with US domestic antimony supply chain objectives.

Figure 8 – Project locations and proximity to operating Round Mountain gold mine and the Last Chance Antimony Project.

Next Steps

  • Finalise systematic soil geochemistry results across both projects.
  • Define first-pass drill targets from combined rock-chip, soil and mapping data.
  • Advance planning toward a maiden drilling campaign at Dollar and/or Milton.

Don Enrique Copper-Silver Project, Peru (EVR 100%)10

There were no material new announcements in respect of the fully-consolidated, drill-ready Don Enrique Copper-Silver Project during the Quarter. The Company continues to evaluate strategic options to maximise shareholder value from the asset, including potential farm-out, joint venture or divestment, while maintaining its primary focus and resource allocation on the North American antimony portfolio.

Corporate

Strategic Board Renewal11

On 29 April 2026, EVR announced a strategic update to its Board of Directors to support the Company’s transition to a near-term antimony producer. Mr Timothy Young was appointed as Non-Executive Director, bringing a wealth of expertise in capital raising, IPO execution, and institutional engagement, backed by a significant global network. Mr Adrian Paul retired from his role as Executive Director after 6 years with EVR.

Other

The Group’s cash balance as at 30th June 2026 was $405,000.

During the quarter the aggregated amount of payments made to related parties and their associates totalled $163k comprising director fees and accounting fees.

$912k was spent on exploration expenditure during the quarter and further details of the exploration activity during the quarter are set out in this report.


10 See EVR ASX Announcement “EV Resources Acquires 100% of Don Enrique Copper-Silver Project” dated 11 March 2026
11 See EVR ASX Announcement “Strategic Board Renewal” dated 29 April 2026

Subsequent to Quarter End

A number of material developments occurred after 30 June 2026 and are summarised
below for shareholders.

Nevada: 1.1km High-Grade Antimony-Gold Target Defined in Soils12

On 7 July 2026, EVR announced results from its maiden soil geochemistry program at Milton and Dollar, defining coherent, structurally controlled mineral corridors at both projects. A 1,100m continuous Au-As-Sb-Hg-Tl pathfinder corridor at Milton aligned with mapped jasperoid trends. At Dollar, two independent, zoned mineral systems at Dollar, a gold-antimony system at the historic Dollar Mine (soil peaks up to 0.415ppm Au and 2,080ppm Sb) and a silver-lead-zinc polymetallic system at the Resurrection workings (up to 17.05ppm Ag, 872ppm Pb and 2,680ppm Zn). A previously unrecognised copper-oxide breccia target was also identified in the southeastern block at Dollar. EVR is planning follow-up rock-chip sampling and ground geophysics to convert these corridors into a maiden scout drilling campaign.

A$1.52 Million Rights Issue, 10:1 Consolidation and Change of Management13

On 20 July 2026, EVR announced a pro-rata non-renounceable Rights Issue, a 10:1 consolidation of capital, and a change of management.

  • Use of funds: proceeds will be directed to the Tecomatlán production-capable proof-of-concept (PoC) and staged circuit commissioning, securing an initial 200 tonnes of currently stockpiled material on the nearby Chinantla antimony project and furthering potential commercial offtake and supply agreements, and working capital.
  • Funding Production-Capable Proof of Concept: Eligible shareholders will be offered one New Share for every ten shares held at an issue price of $0.005 per New Share, to raise up to approximately A$1.52 million before costs. Every New Share subscribed for and issued carries one free-attaching option, exercisable at $0.0075 and expiring 31 August 2030.
  • Underwriting: The first $1 million of the Rights Issue is underwritten by Indian Ocean Securities Pty Ltd, a firm associated with EVR director Mr Luke Martino, for a 6% underwriting fee, providing shareholders with increased funding certainty and demonstrating Board-level alignment with the raise. With the Company’s consent, the Underwriter has entered into separate sub-underwriting agreements in respect of the full underwritten amount with Mr Luke Martino and/or his nominees and former EVR director and substantial shareholder Mr Adrian Paul and/or his nominees.
  • Change of management: Mr Mike Brown has terminated his consultancy agreement and tendered his resignation as Managing Director and CEO. Mr Shane Menere has been appointed Executive Chairman and Mr Miguel Barahona has been appointed Interim CEO, effective immediately.

12 See EVR ASX Announcement “High-Grade Antimony-Gold Target Defined at Nevada Project” dated 7 July 2026
13 See EVR ASX Announcement “EVR to Undertake Rights Issue and Change of Management” dated 20 July 2026

  • Capital consolidation: the Company will undertake a 10:1 consolidation of its issued capital, subject to shareholder approval at a general meeting expected to be held in early September 2026, intended to support a more efficient and institutionally attractive share register along with a rebranding to align more with the Company’s production focus.

Outlook and Near-Term Catalysts

EVR enters the September Quarter focused on executing the final technical and operational milestones required before commercial antimony production. The Company’s production-capable proof-of-concept campaign is expected to progressively validate plant performance, concentrate quality, metallurgical recoveries, ore supply logistics and commercial operating parameters, providing a series of meaningful technical milestones as EVR advances toward commercial operations.

Key milestones ahead include:

  • Proof of Concept completion.
  • Purchase of circa 200t of stockpiled high-grade antimony ore from MOU partner.
  • Wet circuit commissioning.
  • First concentrate.
  • Recovery optimisation.
  • Securing of Company commercial offtake agreements.
  • Progressing Maiden JORC MRE at Los Lirios.

With each completed technical milestone, EVR continues to reduce the risks typically associated with transitioning from exploration into production. The Company believes its integrated strategy

  • combining regional ore supply, a central processing hub and the future development of Los Lirios
  • positions EVR to deliver a steady sequence of technical, operational and commercial milestones as it advances toward becoming a commercial North American antimony producer.

With commissioning activities substantially advanced, EVR is now entering the execution phase of its production-capable PoC campaign. The Company’s near-term focus is on PoC processing, demonstrating commercial concentrate production, optimising operating parameters and completing the final technical and commercial milestones required to support the transition toward fully integrated plant production.

For further information, please contact:

Shane Menere
Executive Chairman
Tel: +61 (0)2 8823 3179
E: [email protected]

This ASX announcement was authorised for release by the Board of EV Resources Limited.

-ENDS-

Source: EV Resources Ltd.
Original Press Release: https://api.investi.com.au/api/announcements/evr/603af519-892.pdf

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