EV Assets Restricted (ASX:EVR) (“EVR” or “the Firm”) has reached settlement with a assets non-public investor based mostly within the USA, for the acquisition of 49 unpatented claims (“The Claims”) over the Coyote Creek Antimony Venture.
Highlights:
- EVR has reached settlement with a non-public US Investor to amass 49 unpatented claims over the Coyote Creek Antimony Venture in Utah, USA.
- The claims cowl each outdated workings and waste from historic antimony mining as much as the 1920’s.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 finished adequate 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 to 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 Venture seems to have the potential to change into a home provider of antimony at a time of effectively 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 Venture suits with EVR’s choice to develop an Americas antimony division based mostly 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 Venture
The demand for uncooked supplies for the protection effort throughout the 2nd World Conflict prompted a evaluation of the Coyote Creek Venture, and area work together with trenching was carried out 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 through which it’s positioned is referred to variously as Coyote Creek Canyon or Antimony Canyon. Entry to the mission is by way of paved roads after which unpaved forestry roads navigable with a low clearance car.
Map 1 Location of the Venture
Map 2 Claims at Coyote Creek
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