‘Framework for the future’: EV Resources secures feedstock MOUs for Tecomatlán processing capacity

EV Resources (ASX:EVR) has executed four non-binding Memorandums of Understanding with regional ore suppliers, potentially securing 50% to 60% of the feedstock capacity for its Tecomatlán Processing Plant in Puebla.

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These four mid-year agreements now establish a Mexico-sided pipeline of approximately 2,330 to 2,430 tonnes per month of antimony feedstock based on a 28-day operational month. The deal’s volume is seen as “sufficient” to initiate sustainable operations at the facility once upgrades are complete.

Three of the non-binding MOUs are new, while one was previously announced by EVR and has been wrapped up in the June 2 announcement today.

They include: A supplier eight kilometers from the facility providing ~2,000 tpm grading around 5% antimony; a local owner in Guerrero, roughly 350 kilometers away, providing 200 to 300 tpm grading 6% Sb; a private company in Guerrero, 310km away, providing 80 tpm grading greater than 5% Sb; a local owner in Puebla, less than 130km away, providing 50 tpm grading greater than 5% Sb.

“The MOUs will serve as a framework for future agreements, including definitive purchase contracts and ore delivery orders,” the company wrote.

“They establish that material is to be delivered at approximately 150mm particle size to Tecomatlán plant, with two potential feedstock qualities:low-grade material (5%–29% antimony) and high-grade material (>30% Sb).”

There’s more coming, too, with EV Resources in advanced negotiations for another memorandum of understanding. HotCopper understands the explorer is also assessing more ore-producing properties in Oaxaca.

At the same time, EVR has started optimisation studies and metallurgical test work on third-stage cleaning options for its Phase One two-stage gravity concentrator circuit, which has shown recoveries of 90.8% with a 22% to 36% Sb concentrate in testing. The final antimony concentrate is targeted for direct sale to smelters under future offtake arrangements, including an existing MOU with Wogen/XCLRI.

Tecomatlán is targeted for its first antimony concentrate production in the second half of calendar year 2026. The grinding circuit’s dry commissioning is already done and Phase One operations require no more permitting.

Early doors on Tuesday, the EVR share price is ~0.8c each.

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