EV Assets Restricted (ASX:EVR) (“EVR” or “the Firm”) has reached settlement with a assets non-public investor primarily based within the USA, for the acquisition of 49 unpatented claims (“The Claims”) over the Coyote Creek Antimony Undertaking.
Highlights:
- EVR has reached settlement with a personal US Investor to amass 49 unpatented claims over the Coyote Creek Antimony Undertaking in Utah, USA.
- The claims cowl each outdated workings and waste from historic antimony mining as much as the 1920’s.
- A historic non JORC useful resource estimate of 12.7 million metric tons grading 0.79% Antimony was estimated by the Utah Geological and Mineral Survey in 1975.
- The historic estimate above shouldn’t be reported in accordance with the JORC Code. A reliable individual has not carried out ample work to categorise the historic estimates as mineral assets or ore reserves in accordance with the JORC Code, and it’s unsure that following analysis and/or additional exploration work that the historic estimates will have the ability to be reported as mineral assets or ore reserves in accordance with the JORC Code.
- The USA presently has no working antimony mine and imports all its antimony concentrates.1
The USA imports all of its antimony concentrates at present1 and the Coyote Creek Undertaking seems to have the potential to change into a home provider of antimony at a time of effectively documented provide shortages.
This acquisition follows EVR’s current announcement of the proposed acquisition of 70% of Los Lirios, an open pit antimony mine in Oaxaca state Mexico. The Coyote Creek Undertaking suits with EVR’s desire to develop an Americas antimony division primarily based upon open pit mining alternatives. (See ASX announcement “Acquisition of Los Lirios Antimony Mine (EVR 70%) Mexico” dated twenty eighth January 2025).
Background to Coyote Creek Antimony Undertaking
The demand for uncooked supplies for the protection effort throughout the 2nd World Battle prompted a evaluation of the Coyote Creek Undertaking, and subject work together with trenching was carried out between November 1941 and February 1942.
Location
The Coyote Creek claims are situated in Garfield County, Utah, 11km east of the city named Antimony. The Canyon by which it’s situated is referred to variously as Coyote Creek Canyon or Antimony Canyon. Entry to the mission is through paved roads after which unpaved forestry roads navigable with a low clearance automobile.
Map 1 Location of the Undertaking
Map 2 Claims at Coyote Creek
Click on right here for the complete ASX Launch
This text contains content material from Ev Assets Restricted, licensed for the aim of publishing on Investing Information Australia. This text doesn’t represent monetary product recommendation. It’s your duty to carry out correct due diligence earlier than performing upon any data offered right here. Please confer with our full disclaimer right here.
