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EV Resources Limited (ASX: EVR) is pleased to announce the launch of a pivotal exploration program at its high-grade Los Lirios Antimony Project in Oaxaca, Mexico (EVR: 70%), as part of a dual-track strategy to both quantify the deposit and accelerate a near-term production restart.
Exploration Program Underway
The exploration program, commencing 18 August 2025, will be led by Miguel Barahona (President of EVR Mexico) alongside veteran Mexican geologist Mariano Carrizales (30 years in the antimony sector) and guided by Competent Person Jocelyn Pelletier.
The program comes at a pivotal time for the global antimony market, with China – the dominant producer – implementing strict export bans, driving unprecedented supply constraints and creating a premium pricing environment for non-Chinese supply. Los Lirios is uniquely positioned to become a strategic, high-grade, low-impurity source of antimony for global markets.
Fast-Track to Production
While exploration gets underway, EVR is advancing plans for a 100 tonne-per-day gravity/flotation pilot plant to commence production in the near term. Negotiations for the site and permitting are already underway. This parallel strategy aims to capture early cashflow and secure market share during a period of global supply shortfall.
For further information, please use the links below to read the ASX announcement.
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