EV Sources 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 accumulate 49 unpatented claims over the Coyote Creek Antimony Undertaking in Utah, USA.The claims cowl each previous 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 is just not reported in accordance with the JORC Code. A reliable particular person has not completed 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 be capable of be reported as mineral assets or ore reserves in accordance with the JORC Code. The USA at present 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 turn into a home provider of antimony at a time of properly 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 Warfare prompted a overview of the Coyote Creek Undertaking, and area work together with trenching was performed between November 1941 and February 1942.
Location
The Coyote Creek claims are positioned in Garfield County, Utah, 11km east of the city named Antimony. The Canyon wherein it’s positioned is referred to variously as Coyote Creek Canyon or Antimony Canyon. Entry to the venture is by way of paved roads after which unpaved forestry roads navigable with a low clearance car.
Map 1 Location of the Undertaking
Map 2 Claims at Coyote Creek
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