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EV Resources Secures First Five-Year Antimony Ore Supply Deal for Mexican Plant
EV Resources Limited (ASX:EVR) announced that its Mexican subsidiary, Stibcorp S.A. de C.V., has signed a binding five‑year ore supply agreement with Lucero Grupo Minero de Puebla (Chinantla). The contract provides high‑grade antimony ore to the Tecomatlán processing plant in Mexico, located about 8 km from the mine. Metallurgical testwork on the Chinantla ore achieved an 81.1 % antimony recovery and a 42.4 % concentrate grade, confirming its suitability for the plant’s proof‑of‑concept campaign. EV Resources is also acquiring an initial 200‑tonne stockpile of the ore to feed the upcoming trial run and is completing plant commissioning. Executive Chairman Shane Menere said, “This is an important milestone because we are progressively bringing together every component required for the Tecomatlán proof‑of‑concept campaign.” The agreement comes as global demand for non‑Chinese antimony is supported by export restrictions from China and its designation as a critical mineral by the United States, European Union and Australia.
Entities
EV Resources Limited · Lucero Grupo Minero de Puebla · Lucero Grupo Minero de Puebla S.A. de C.V. · Shane Menere · Stibcorp S.A. de C.V. · Tecomatlán Processing Plant
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Executive Chairman Shane Menere said the deal integrates the plant, processing flowsheet, ore and supply relationship. www.sharecafe.com.au
- [● 2 SOURCES] The agreement converts a previous non‑binding memorandum of understanding into a binding contract. www.sharecafe.com.au
- [● 2 SOURCES] EV Resources is acquiring an initial 200‑tonne high‑grade Chinantla ore stockpile. www.sharecafe.com.au
- [● 2 SOURCES] Flotation testwork on Chinantla ore achieved 81.1% antimony recovery and produced a 42.4% antimony concentrate. www.sharecafe.com.au
- [● 2 SOURCES] The Chinantla ore source is located about eight kilometres from the Tecomatlán facility. www.sharecafe.com.au
- [● 2 SOURCES] The agreement will deliver high‑grade antimony ore to the Tecomatlán Processing Plant. www.sharecafe.com.au
- [● 2 SOURCES] Pricing for ore purchases is linked to international antimony benchmarks. www.sharecafe.com.au
- [● 2 SOURCES] EV Resources Limited signed a five-year antimony ore supply agreement with Lucero Grupo Minero de Puebla (Chinantla). www.sharecafe.com.au