InvestSMART

Everest Metals Corporation Ltd (ASX:EMC)

ALERT: Price-sensitive ASX Announcement for EMC
Current share price for EMC : $0.098 -0.007 (-6.67%)+
Announcement
Release
29 Apr 2026 8:12AM
Price at Release
$0.105
Full Release
download
Summary
Everest Metals Corporation Ltd (ASX: EMC) released its Quarterly Activities Report for the period ending March 31, 2026. During this quarter, EMC continued to advance its mining operations at the Mt Dimer Taipan Gold Project, delivering over 45,000 tonnes of mineralised material and completing a 2,160 m infill RC grade-control drilling program. The Mt Edon Critical Mineral Project saw significant advancement with a Phase 2 resource upgrade program, yielding high-grade rubidium results and securing an AEA Ignite Grant to enhance rubidium extraction technology. Furthermore, EMC successfully completed the CSIRO rubidium characterisation project and submitted a mining development proposal to the DMPE. The Revere Gold Project in Western Australia completed a comprehensive drilling program, revealing promising high-grade gold intercepts. Overall, EMC is on track to commence ore processing in Q2 2026, with multiple resource upgrades anticipated, bolstered by a strong cash position of A$2.586 million.
Key Points
  • Successful ramp-up of mining operations at the Mt Dimer Taipan Gold Project.
  • Completion of a 2,160 m infill RC grade-control drilling program with high-grade gold intercepts.
  • Mt Edon project achieved significant rubidium results and secured an AEA Ignite Grant.
  • CSIRO rubidium characterisation project completed, aiding geometallurgical modelling.
  • Submission of Mt Edon mining development proposal to DMPE.
  • Revere Gold Project completed significant drilling with positive gold intercepts.
  • Strong cash position of A$2.586 million as of March 31, 2026.
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.