At the small end of the ASX, there’s always a lot going on. So let’s take a look at two juniors with news out today – EV Resources (ASX:EVR) and Redcastle Resources (ASX:RC1).
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This content has been prepared as part of a partnership with EVR and Redcastle and is intended for informational purposes only.
Let’s just dive straight into it.
EV Resources – Antimony
- EV Resources (EVR) has jumped +10% to 1.1cps as the company kicks off exploration at its Los Lirios project.
- Los Lirios is a prospective high-grade antimony play with that critical metal on the radars of many, given Chinese export curbs hurt the market last year.
- The metal is needed in defence applications and other high-tech end uses, which underscores the Western world’s need for domestic supply.
- The company’s Los Lirios is 70% held by EVR and is located in Mexico.
- EVR reports that exploration on the ground will be fast-tracked as it seeks to establish a pilot plant capable of processing 100tpd.
Redcastle Resources – Gold
- Redcastle Resources (RC1) has jumped +12.5% to 0.9cps as it prepares to kick off the prefeas study process at its Queen Alexandra gold play.
- The company says it will work to keep study costs low to preserve capital flexibility.
- The company reports its board has already budgeted much of the process and that the acquisition of “critical data” will be prioritised to ensure the PFS gets over the line.
- Redcastle is already in discussions with contract miners, toll processors and “other peers” to minimise CapEx where possible and shorten the timeframe to a positive FID.
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