0 seconds of 50 secondsVolume 0%
Press shift question mark to access a list of keyboard shortcuts
00:00
00:50
00:50
 
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • EV Resources (EVR) announces plans to consolidate its land position in its New Standard copper project in Arizona
  • The company will “slightly” reduce its ground position in the western bloc of the project area to focus on the “highly prospective” eastern bloc area
  • This means the company will hold 2996 acres under unpatented claims as it continues geological work in 2023
  • Based on assay results from sampling undertaken in 2022, EVR has decided to not exercise its option to purchase six new mining claims covering 124 acres
  • EVR shares are down 6.25 per cent and trading at 1.5 cents at 3:46 pm AEDT

Junior explorer EV Resources (EVR) has flagged plans to consolidate its land position in its New Standard copper project in Arizona.

The company said it would “slightly” reduce its ground position in the western bloc of the project area to focus on the “highly prospective” eastern bloc area around the former Pride Mine.

This means the company will hold 2996 acres under unpatented claims as it continues geological work in 2023.

EVR has also opted to change the name of its project to the New Pride project in recognition of the zone surrounding the old 1950s mine site.

Further, EVR has made the call to scrap the potential purchase of six new claims covering 124 acres in the project area. The company secured the option to buy mining claims in January 2022, but following assays from sampling work completed last year, it will not exercise this option.

EVR shares were down 6.25 per cent and trading at 1.5 cents at 3:46 pm AEDT

EVR by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: RBA rate cut hype absent; bank stocks’ crown teetering

Good afternoon. I’m Jonathon Davidson with HotCopper’s Market Close for Thursday 20th of Feb.
Magnum Mining worker grinding US steel.

Trump uplifts US steel industry with latest tariffs

Donald Trump’s recent announcement that steel and aluminium imported into the United States would now be subject to tariffs of 25% has caused
A logo page that reads Hotcopper Podcast on a stylised market background.

Listen: HotCopper Podcast 001 – HotCopper joins the podcasting game

Welcome to the first HotCopper market-watch podcast! Each week, HotCopper takes you through all the week's…
A logo page that reads Hotcopper Podcast on a stylised market background.

Listen: HotCopper Podcast 002 – The RBA has finally got the scissors out

This week's HotCopper market-watch podcast takes you through all the week's biggest news headlines – and…