Oaxaca State, Mexico
Los Lirios Antimony Project (70% ANT)
Los Lirios is a high grade, structurally controlled antimony project and the Company's flagship exploration asset in Mexico.
The project sits within the Lirios Fault Zone, a mineralised corridor extending approximately six kilometres, interpreted as a long-lived structural conduit for antimony-bearing hydrothermal fluids. Mineralisation occurs as a carbonate replacement style deposit, where antimony (as the mineral stibnite) has replaced limestone along and adjacent to structurally controlled feeder zones, with grade closely tied to the proportion of stibnite present.
Underground channel sampling and diamond drilling have confirmed high grade antimony continuity across multiple historical workings along this corridor.
Project snapshot
- Ownership
- 70% interest (joint venture)
- Location
- Zapotitlán Lagunas, NW Oaxaca State, Mexico
- Land package
- 1,552 hectares across three licences
- Primary commodity
- Antimony (Sb)
- Mineralisation
- Carbonate replacement, structurally controlled
- Corridor
- Lirios Fault Zone, ~6 km strike
Drilling and sampling results
Exploration Target
1.8 - 5.0 Mt for 70,000 - 166,000 t contained antimony
The Company has established a maiden Exploration Target for Los Lirios across three discrete zones: the Lirios 1 and Lirios 2 carbonate replacement style zones, and the high grade Cofradia zone.
| Zone | Style | Avg grade |
|---|---|---|
| Lirios 1 | Carbonate replacement | ~1.8% Sb |
| Lirios 2 | Carbonate replacement | ~1.8% Sb |
| Cofradia | High grade | ~6.7% Sb |
| Total range | 1.8 - 5.0 Mt · 70,000 - 166,000 t Sb | |
The potential tonnage and grade of the Exploration Target referred to above is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource in relation to the Exploration Target, and it is uncertain if further exploration will result in the estimation of a Mineral Resource under the JORC Code (2012 Edition).
The Exploration Target was reported by the Company (then EV Resources Limited) to ASX on 22 June 2026. Information relating to the Exploration Target was based on data compiled by Dr Matthew Cobb, a Competent Person and member of the Australian Institute of Geoscientists. The Company confirms it is not aware of any new information or data that materially affects the information in that original announcement, and that the form and context in which the Competent Person's findings are presented have not been materially modified.
Next steps
Phase 1 drilling was designed primarily to confirm the extent and continuity of this mineralised horizon, and having done so, further drilling is planned to target the higher grade feeder structures at depth where they intersect this horizon, which the Company's geological model indicates host the highest antimony concentrations. This is intended to provide a capital-efficient pathway toward a maiden JORC Mineral Resource Estimate, targeted for the second half of 2026. Los Lirios is expected to become a feedstock source for the Tecomatlán plant over time, complementing near-term regional ore supply.
Maps
Exploration Target areas: Lirios 1, Lirios 2, Cofradia
From the ASX release of 22 June 2026. Competent Person sign-off required.
Site gallery
