EV Resources Confirms Extensive Shallow Antimony System with Maiden Drilling at Los Lirios

Why It Matters

The shallow, high‑grade mineralisation could lower stripping ratios and drilling costs, enhancing project economics amid rising antimony prices. Demonstrating lateral continuity early de‑risks investment and positions EV Resources for a sizable resource estimate.

Key Takeaways

• Shallow carbonate-replacement antimony system confirmed across Los Lirios
• Best assay: 3.05 m at 2.1% Sb from 8.1 m depth
• Four of five drill holes intersected antimony near surface
• Phase 2 drilling will map scale and continuity for resource estimate
• Low-depth mineralisation suggests lower stripping ratios and drilling costs

Pulse Analysis

Antimony, a critical component in flame retardants and emerging battery chemistries, has seen price pressure as supply tightens and demand expands across electronics and electric‑vehicle sectors. EV Resources’ Los Lirios discovery arrives at a time when miners are racing to secure new sources, and the project's location in Mexico offers logistical advantages such as proximity to existing infrastructure and a stable mining jurisdiction. By confirming a shallow, laterally extensive carbonate‑replacement deposit, the company taps into a geological model that historically yields low‑cost, bulk‑tonnage operations, a rare combination for a metal often associated with deep, high‑cost mines.

The maiden drilling campaign delivered four out of five holes intersecting antimony at depths shallower than 10 m, with a standout interval of 3.05 m grading 2.1% Sb. Such near‑surface mineralisation translates directly into reduced stripping ratios, lower drilling expenses, and the possibility of open‑pit extraction, all of which improve the project's net present value. Moreover, the carbonate‑replacement style suggests a relatively uniform grade envelope, simplifying mine planning and potentially shortening the path to a preliminary economic assessment.

Looking ahead, EV Resources plans a Phase 2 drilling program aimed at delineating the full lateral extent and continuity of the ore body. Successful resource definition could unlock significant capital for development and attract strategic partners seeking exposure to antimony. For investors, the early validation of a low‑cost, bulk‑tonnage model provides a compelling narrative in a market where supply constraints are driving premium pricing, positioning Los Lirios as a potential cornerstone asset in the global antimony supply chain.