Slide 1: Critical Minerals Exploration in The Americas
Critical Minerals Exploration in The Americas EV Resources | Investor Presentation 24th Mar,2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by EV Resources Limited (“EVR”). The information contained in this presentation is a professional opinion only and is given in good faith. The material in this presentation (“material”) is not and does not constitute an offer, invitation or recommendati
Slide 3: EV Resources: Corporate Snapshot
EV Resources: Corporate Snapshot ASX EVR Capital Structure 1,985,836,676 $8.93M Shares on issue Market Capitalisation (fully diluted) As at 21 March 2025 403,351,964 84,000,000 Adrian Paul Luke Martino Hugh Callaghan Options in Issue Performance Rights in Executive Director Non-Executive Managing Di
Slide 4: A portfolio of mines and projects in The Americas
A portfolio of mines and projects in The Americas Parag: Copper-Molybdenum – 83 drill holes in Peru Don Enrique: Copper-Silver – Drill Ready Copper-Silver in Peru Los Lirios: Antimony Mines – Open pit, permitted high grade Antimony in Mexico Yanamina: Gold – 265,000oz Au Resource in Peru
Slide 5: A strategic focus on critical minerals & precious metals
A strategic focus on critical minerals & precious metals EVR is pursuing projects which offer upside through either a massive exploration potential or an immediate-term production profile ➢ Parag, Peru (70%): a substantial Cu porphyry project with early cash flow potential from a bulk Cu-Mo-Ag depos
Slide 6: Executive Summary: EVR Copper
Executive Summary: EVR Copper EVR owns two copper projects in Peru at a time of renewed interest in copper exploration: Parag (EVR 70%) is a large Cu-Mo-Ag (copper-molybdenum-silver) porphyry system • Drill Permitted with 83 diamond drill holes (20,450m) ✓ 34 Line Km of IP and Magnetometry. ✓ An out
Slide 7: For EVR, Peru = Copper, and Peru = Molybdenum
For EVR, Peru = Copper, and Peru = Molybdenum Peru has 12.0% of the world's copper reserves and is the world’s second largest Cu producer (2.7mt in 2023) and 3rd largest Mo producer. Peru holds 3.9% of its gold, 15.3% of its silver, 9.5% of zinc, 5.3% of lead and 2.8% of tin reserves. 7
Slide 8: Why Did EVR Invest in Parag?
Why Did EVR Invest in Parag? • Parag is a Copper-Molybdenum (Cu-Mo) porphyry typical of the Andean region • Copper Porphyries are the source of 70% of the world’s copper as they offer S CA L E • Parag is surrounded by Major companies drawn to a recently identified belt of intrusive structures and se
Slide 9: Extensive Outcropping high grade Mineralization
Extensive Outcropping high grade Mineralization VIE-03 89.4m from 6.5m at 3.49% CuEq VIE-04 VIE-09 95.6m from 60m from 3m at 6.5m @ 1.95% 0.71% CuEq VIE-01 CuEq 416.5m at 1.42% CuEq APG-003 211.5m at 1.40% CuEq from 3m VIE-10 VIE-14 146m from 6m at 44.45m from 0.26% CuEq and 3.1m @2.08% 156m from 27
Slide 10: Parag – Near Term Open Pit Mining Potential
Parag – Near Term Open Pit Mining Potential • Parag is a highly-prospective substantial copper porphyry project with the potential for early cash flow from a bulk Cu-Mo-Ag deposit at surface while the long-term exploration for a porphyry orebody is ongoing. • This near term potential is enabled by ✓
Slide 11: Parag is surrounded by large companies – Elephant Country
Parag is surrounded by large companies – “Elephant Country” District 11
Slide 12: Trinchera Este 1980m HQ Diamond Drilling 2024
Trinchera Este 1980m HQ Diamond Drilling 2024 APG- 001 476m (metres) at 0.31% Cu and 0.14% Mo from 3.2m. APG – 002 258.8m at 0.40% Cu and 0.14% Mo from 1m APG-003 211.5m at 0.40% Cu and 0.20% Mo from 3m .APG – 004 62m at 0.36% Cu, 0.03% Mo and 5.98g/t Ag from 1.7m APG – 005 148m at 0.54% Cu, 0.35% M
Slide 13: At Parag, EVR has access to 76 holes of old drilling
At Parag, EVR has access to 76 holes (18,470m) of old drilling ➢ We have drill Core for 21 previous holes (10,170m) from a 2011 Programme. A number drilled targets subsequently excluded from the current licence area. ➢ Selected drill results shown here (For a full list see the ASX announcement dated
Slide 14: …and 34 line Km of IP and Ground Mag
…and 34 line Km of IP and Ground Mag A geophysical ➢ Highly encouraging IP and Ground Magnetic results were received, supporting the continued drilling program. survey of 34 line kilometres of ➢ The mineralized breccia system identified in outcrops at the Parag IP/Resistivity project surround strong
Slide 15: Chargeability Model & Drill holes
Chargeability Model & Drill holes 15
Slide 16: Ground Magnetic Susceptibility Model & Drill holes
Ground Magnetic Susceptibility Model & Drill holes 16
Slide 17: Don Enrique (50%): A drill ready copper-silver project
Don Enrique (50%): A drill ready copper-silver project • The Project is owned by EVR’s 50% owned subsidiary, Minera Montserrat SAC. • Purchased 50% for US$150,000 and spent another US$150,000 securing an option to buy the remaining 50% by 4th May 2025 for US$850,000 • In total, 14 licences cover 1,8
Slide 18: 28.8km of Line IP shows the sulphide anomaly dips to the west
28.8km of Line IP shows the sulphide anomaly dips to the west Note from the 50m level to Note at the 500m level that the 200m level that the the sulphide anomaly is chargeability high has At the 50m level note the now consistent and almost moved from EAST of the chargeability high is small, 1500m lo
Slide 19: Expanded Ground Position
Expanded Ground Position This new “Estrella”(Star) licence may well in fact be where the bulk of the sulphide ore in this system lies. Maybe we bought the tail…and found the head of the tiger for the cost of an application? The anomaly is open at depth and to the west and provides a compelling targe
Slide 20: Yanamina Gold Project: Location
Yanamina Gold Project: Locaton Yanamina is located in north-central Peru in the Department of Ancash, province of Huaylas, District of Caraz, and lies approximately 16km east of the town of Caraz. The Project is located 40 km to the north and 120 km south respectively of Barrick Gold’s (“Barrick”) f
Slide 21: Yanamina Gold Project: 265,987oz Au and 935,000oz Ag
Yanamina Gold Project: 265,987oz Au and 935,000oz Ag Resources Using Tonnes Grade (Au g/t) Grade (Ag g/t) Total ozs (Au) Total ozs (Ag) 0.5g/t Au Cut Off Indicated 2,790,620 1.35 4.34 121,136 389,431 Inferred 3,951,640 1.14 4.29 144,851 545,097 Total/average 6,742,260 1.23 4.31 265,987 934,528 ► The
Slide 22: Yanamina Gold Project: Geology
Yanamina Gold Project: Geology A total of 87 diamond drill holes for 3,646 metres of HQ and NQ core have been completed. The mineralisation at Paron is low sulphidation epithermal with alteration characterised by multi-stage silicification and chalcedonic to cryptocrystalline quartz veining and seri
Slide 23: Yanamina Gold Project: Exploration Upside
Yanamina Gold Project: Exploration Upside Yanamina is considered highly prospective for additional resources EVR is in discussion with various companies about a possible disposal for value, and is considering an IPO/RTO to extract value from the project after recent discussions with communities
Slide 24: Los Lirios Antimony Project – Mexico Permitted Open Pit
Los Lirios Antimony Project – Mexico (70%) Permitted Open Pit Project
Slide 25: Antimony Acquisition: Los Lirios (70%)
Antimony Acquisition: Los Lirios (70%) EVR is acquiring 70% of the Los Lirios Antimony mine in Oaxaca State in Mexico, and will provide a free carried interest to the project owners for their 30% shareholding to a 300 tonne per day mining and processing operation. 1680 Hectares under Licence Los Lir
Slide 26: Why EVR is investing in antimony
Why EVR is investing in antimony Antimony is a strategic or critical mineral on all major Critical Minerals lists, but unlike many “critical minerals” for which: 1. Demand is a hope for the future rather than a reality in the present 2. Investment interest is based upon shifting government policy an
Slide 27: Sampling has commenced at Los Lirios 3 Pit
Sampling has commenced at Los Lirios 3 Pit 62% Sb Samples taken from a stockpile of material mined at the Los Lirios 3 pit 62.99% Sb SP-1 29.17% Sb SP-2 20.44% Sb SP-3 18.08% Sb
Slide 28: Sampling at Los Lirios 3 Pit
Sampling at Los Lirios 3 Pit Los Lirios 1 Shear Zone One Samples EVR Los Lirios 1 Shear Zone One Samples EVR resources
Slide 29: The funding of new antimony discoveries is needed now
The funding of new antimony discoveries is needed now Such is the demand for ➢ Little exploration has been done for antimony outside of China since WWII. antimony, EVR believes the production profile of Los ➢ Antimony is not found in large orebodies and is reliant on smaller companies without balanc
Slide 30: The US and the Western world require Antimony NOW
The US and the Western world require Antimony NOW China is the dominant producer of antimony globally and has prohibited exports to protect a declining production base. 1,2,3 Source: US Geological Survey
Slide 31: Supply of Antimony is concentrated…and declining
Supply of Antimony is concentrated…and declining In 2022, according to the US Geological Survey, China accounted for 54.5% of total Sb production, followed in second place by Russia with 18.2% and Tajikistan with 15.5%. • Country Tonnes % Total • China 60,000 54.50 • Russia 20,000 18.20 • Tajikistan
Slide 32: Key uses of Antimony…Defense is a key thematic
Key uses of Antimony…Defense is a key thematic Alloys. Because some antimony alloys expand on solidifying (a rare characteristic that they share with water), they used as castings and typemetal. Antimony imparts strength and hardness to other metals, particularly lead, with which it forms alloys use
Slide 33: Geopolitical Tailwinds for Antimony
Geopolitical Tailwinds for Antimony • Antimony is a strategic critical mineral that is used in multiple military applications, including the manufacture of armor piercing bullets, night vision goggles, infrared sensors, precision optics, laser sighting, explosive formulations, hardened lead for bull
Slide 34: Geopolitical Tailwinds for Antimony (cont.)
Geopolitical Tailwinds for Antimony (cont.) • European Union: Antimony is considered a critical raw material for defense, automotive, construction and textiles. The E.U. sources are 100% imported, coming mainly from Turkey (62%), Bolivia (20%) and Guatemala (7%). • United Kingdom: The British Geolog
Slide 35: One example of military requirements
One example of military requirements Antimony is the most explosive metal/metalloid. For this reason alone, it is vital for the US Military to secure a reliable and more friendly source of Sb. There is no substitute in the production of the newer, longer-range 155mm artillery designed to have an eff
Slide 36: Antimony Processing to Concentrates
Antimony Processing to Concentrates • The most common method of antimony ore processing is separation by a combination of gravity separation and conventional flotation to produce a 65% Sb concentrate sold to roasters. • Hydrometallurgical techniques involve the use of aqueous solutions to extract an
Slide 37: Further Information
ASX: EVR 24th Mar 2025 FURTHER INFORMATION Luke Martino Non-Executive Chairman Tel: +61 8 6489 0600 E: luke@evresources.com.au Hugh Callaghan Managing Director Tel: +61 8 6489 0600 E: hugh@evresources.com.au