EV Resources secures five-year ore supply agreement

• EV Resources signed a five-year binding ore supply agreement with Lucero Grupo Minero de Puebla for its Tecomatlán plant in Mexico.
• The announcement kept the EV Resources share price steady at $0.0045.
• The agreement establishes a regional processing hub to secure local feedstock and support proof-of-concept production.

EV Resources (ASX:EVR) secured a five-year binding ore supply agreement for its Tecomatlán processing plant in Mexico.

The deal converts a previous non-binding memorandum with miner Lucero into a firm long-term supply contract.

Recent metallurgical test work on the mine's ore achieved an 81.1% antimony recovery rate.

EV Resources stated it is acquiring an initial 200-tonne stockpile to begin proof-of-concept processing operations.

Following the announcement, the EV Resources share price was unchanged at $0.0040.

The plant serves regional miners who currently face ore haulage distances of up to 1,200km.

EV Resources stated the hub model aims to reduce regional transport costs while building a diversified feedstock base.