Delays in Assay Results Could Challenge EV Resources’ Tight Production Timeline
EV Resources is advancing its Los Lirios antimony project with drilling set to begin in January 2026 and engineering nearing completion for the Tecomatlán processing plant refurbishment, aiming for production by mid-2026.
- Informe Preventivo drill permit completed for up to 50 holes
- On-ground drill preparations underway, drilling to start January 2026
- Positive due diligence on Tecomatlán processing plant
- Preliminary engineering for plant refurbishment nearing completion
- Second tranche of private placement closed, fully funding activities
Progress on Permitting and Drilling Mobilisation
EV Resources (ASX – EVR) has made significant strides in advancing its Los Lirios antimony project in Mexico. The company has completed the Informe Preventivo environmental filing, a critical drill permit application covering up to 50 drill holes and bulk sampling trenches. This permit, once submitted to SEMARNAT, is expected to be automatically approved within 20 business days barring any clarifications, paving the way for the maiden drill program.
On-ground preparations are well underway, with field camps established, core storage facilities set up, and personnel mobilised. Drill contractors are scheduled to arrive imminently to finalise logistics and budgets. Subject to permit approval, drilling is slated to commence in the second week of January 2026, marking a pivotal step towards resource definition.
Tecomatlán Plant Refurbishment Advances
Complementing the exploration efforts, EV Resources has completed positive due diligence on the Tecomatlán processing plant, a strategic asset near Los Lirios. The plant’s location near transport routes and potential ore sources supports a phased development approach. Preliminary engineering for Phase 1 refurbishment is substantially advanced and expected to be finalised by the end of the year. This refurbishment aims to enable low-capital production using artisanal ore by mid-2026, with Phase 2 conceptual plans for flotation and leaching underway.
Funding Secured and Sampling Results Pending
EV Resources has successfully closed the second tranche of its private placement, securing full funding for all planned activities through 2026. This financial backing underpins the company’s accelerated development timeline. Meanwhile, initial surface sampling results have been delayed due to laboratory backlogs but are expected to start arriving mid-December, with the remainder by year-end. These assays will provide early insights into mineralisation and help refine drilling targets.
Community Engagement and Next Steps
Strong local stakeholder engagement remains a priority, with surface rights and access agreements progressing positively across multiple communities. EV Resources is focused on maintaining these relationships as it advances its exploration and development activities.
Looking ahead, the company anticipates receiving assay results, finalising metallurgical test work, securing drill permits, and selecting contractors to commence drilling early next year. The completion of preliminary engineering and budgeting for the plant refurbishment will further clarify the pathway to production.
Bottom Line?
With drilling imminent and plant refurbishment on track, EV Resources is poised to transform its Mexican antimony assets into near-term production.
Questions in the middle?
- Will the drilling results confirm the anticipated high-grade antimony mineralisation at Los Lirios?
- How will the final engineering outcomes influence the scope and cost of the Tecomatlán plant refurbishment?
- What impact will regional laboratory backlogs have on the timing of critical assay data and project milestones?
