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Everest Metals Corporation Ltd (ASX:EMC)

ALERT: Price-sensitive ASX Announcement for EMC
Current share price for EMC : $0.098 -0.032 (-24.62%)+
Announcement
Release
28 Oct 2025 8:20AM
Price at Release
$0.130
Full Release
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Summary
Everest Metals Corporation Ltd (ASX: EMC) has executed a Right to Mine Agreement (RTMA) with MEGA Resources Pty Ltd, a subsidiary of Bain Global Resources, to commence mining at the Mt Dimer Taipan Gold & Silver Project in Western Australia. MEGA will manage all mining operations, including funding up to A$18.6 million for project development, with profits equally shared with EMC. The project is fully permitted, and mining is set to begin in November 2025. This agreement will enable EMC to leverage high gold and silver prices and support future projects without shareholder dilution.
Key Points
  • EMC has entered into a Right to Mine Agreement with MEGA Resources Pty Ltd for the Mt Dimer Project.
  • MEGA will provide up to A$18.6 million in funding for the project.
  • Profits from the Mt Dimer mine will be shared equally between MEGA and EMC.
  • Mining at Mt Dimer is scheduled to commence in November 2025.
  • The agreement involves comprehensive management of mining, haulage, and ore processing.
  • The Mt Dimer project is fully permitted and hosts a significant inferred mineral resource.
  • This partnership allows EMC to capitalize on current high gold and silver prices.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.