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Everest Metals Corporation Ltd (ASX:EMC)

ALERT: Price-sensitive ASX Announcement for EMC
Current share price for EMC : $0.100 -0.023 (-18.37%)+
Announcement
Release
31 Oct 2025 8:09AM
Price at Release
$0.123
Full Release
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Summary
Everest Metals Corporation Ltd (EMC) has secured a co-funded drilling grant under the Western Australian Government’s Exploration Incentive Scheme (EIS) for the Mt Dimer Gold Project, located in Western Australia. This grant will cover up to 50% of direct drilling costs, capped at A$90,000, to support EMC's exploration efforts on its 100% owned Mt Dimer exploration tenement. This funding will accelerate the company's drilling programs aimed at uncovering gold and silver mineralisation. The EIS is a competitive process prioritizing high-quality exploration proposals in underexplored areas. EMC's planned drilling includes testing at two high-priority anomalies, Anomaly A and Anomaly B, with previous drilling results highlighting significant potential for gold, nickel, cobalt, and chromium mineralisation. The exploration will continue with a focus on extending mineralisation findings along strike and depth.
Key Points
  • EMC secured a co-funded drilling grant under the WA Government's Exploration Incentive Scheme.
  • The grant will cover up to 50% of direct drilling costs, capped at A$90,000.
  • The Mt Dimer Gold Project is located in Western Australia.
  • The EIS is a competitive scheme supporting high-quality exploration proposals.
  • Planned drilling includes testing at Anomaly A and Anomaly B.
  • Previous drilling results show potential for gold, nickel, cobalt, and chromium mineralisation.
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.