EV Resources (ASX: EVR) is set to begin the new year with a maiden diamond drilling program at its Los Lirios antimony project in Mexico.
The company is on track to commence drilling at Los Lirios in early January, after finalising planning for the 1,500-metre to 2,000m program—part of its dual-track strategy, along with the newly purchased Tecomatlán processing plant.
EV reported last week that it had completed a technical review of the plant concluded, including a successful dry-run of the front-end crushing and diesel generator that could enable antimony production as early as mid-2026.
The company finalised its 70% acquisition of the operating joint venture at Los Lirios in June, after moving to add the project to its global portfolio in late January.
Unlocking Broader Potential
Chief executive officer Mike Brown called the fully funded drilling program a “pivotal transition” for the company, and a “critical step in unlocking the project’s broader potential.”
“Our geological work to date has provided a strong structural and lithological framework, pointing to the Lirios Fault Zone and associated replacement horizons as compelling targets.”
The new program will test approximately 900m of strike within a broader 4km mapped system, including targets identified by pit-mapping and high-grade antimony mineralisation beneath historical workings along the Lirios Fault Zone.
EV is aiming to deliver a maiden JORC-compliant resource estimate for Los Lirios in 3Q 2026 and advance the project toward near-term production.
Accelerating Mexican Strategy
Drill planning and plant engineering are just part of a busy period for EV Resources as it accelerates its Mexican strategy.
The company is awaiting the receipt of channel and trench sampling assay results and final preliminary metallurgical test work.
It is also finalising preliminary engineering and budgetary work in preparation for its Phase 1 refurbishment of Tecomatlán.
The 150-tonne-per-day processing plant is located just 50km from the Los Lirios project.
