EV Resources (ASX:EVR) has today said it is targeting a ten-to-twelve-month turnaround as it works towards short-term production readiness at its Tecomatlán processing plant in Mexico, starting with completing and operating the plant’s direct-to-flotation capabilities using third-party ore feedstocks.
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This updated strategy will now integrate the company’s original Stage One gravity-only circuit and Stage Two flotation circuit into a single build.
This combined approach supersedes previous end-of-CY26 guidance for a standalone gravity circuit, and makes sense in EVR’s mind: While the direct-to-flotation strategy does extend the initial Stage One timeline by around four months, internal assessments indicate that the transition will eventually deliver a significantly higher-value concentrate and improved processing economics.
Metallurgical test work on regional third-party feedstock from the Chinantla antimony project validated this route, too, the explorer says, showing a flotation recovery of ~81% with concentrate grades of 42.4% antimony, compared to a 29.25% recovery and 20.54% Sb grade by gravity concentration.
EVR is “working at shortening the time frame, based on environmental consultant’s advice and advancing works in a timely manner, and will keep the market informed of any changes and updates,” the explorer declared today.
HotCopper understands EVR is also sourcing ore from regional miners across Puebla, Oaxaca, and Guerrero to generate cash flow and speed things up.
While those regional agreements are being set up, the explorer is also progressing its permitting framework, having prepared the first of two permit applications (Informe Preventivo) for imminent submission.
EVR has also confirmed the conclusion of its Phase 1 drilling program at Los Lirios, noting that all results have now been received and announced.
On that front, the company managed to intersect a minor Carbonate Replacement Deposit (CRD) unit downhole in DDH-L2-15-26 during the first-phase program, but it has shown no visually significant mineralisation, and so EVR brass decided not to have it submitted for further laboratory assaying.
And earlier this week, EVR confirmed two structurally controlled mineral systems directly overlying historic mine workings at its 100%-owned Milton and Dollar Projects in Nye County, Nevada, after digging through geochemical results from its maiden high-density soil sampling program recently.
EVR is opening this morning at 0.6cps.
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