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Everest Metals Corporation Ltd (ASX:EMC)

ALERT: Price-sensitive ASX Announcement for EMC
Current share price for EMC : $0.100 -0.01 (-9.09%)+
Announcement
Release
14 May 2026 8:16AM
Price at Release
$0.110
Full Release
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Summary
Everest Metals Corporation Ltd (EMC) has reported a Maiden Mineral Resource Estimate (MRE) for its Revere Gold Project in Western Australia, highlighting near-surface gold systems at the Big John and Armstrong areas. The MRE, compliant with JORC Code (2012), totals 15 million tonnes with gold grades of 0.55g/t and 0.50g/t Au. The project, underpinned by multiple tenements, is located near other significant mining operations and has been subject to extensive exploration and metallurgical testing, showing promising recovery rates. Forward plans include further drilling, resource upgrades, and metallurgical test work, with no significant environmental or heritage barriers identified.
Key Points
  • Everest Metals Corporation Ltd has announced the Maiden Mineral Resource Estimate (MRE) for its Revere Gold Project in Western Australia.
  • The MRE defines a near-surface gold system located within Exploration Licences E51/1766 and E51/2088, targeting areas Big John and Armstrong.
  • Big John and Armstrong areas collectively contain a total of 15 million tonnes at grades of 0.55g/t and 0.50g/t Au respectively.
  • The mineral resources are classified and reported in accordance with the JORC Code (2012), deemed suitable for preliminary economic evaluations.
  • The tenements include a combination of granted and pending applications, with Everest Metals Corporation holding varying degrees of interest, including farm-in agreements to acquire additional rights.
  • The Revere project is strategically located near other significant mining operations and has a history of exploration dating back over a century.
  • The project features structurally controlled, nuggety gold mineralisation, with further drilling planned to expand and upgrade the resource.
  • Extensive metallurgical test work indicates reasonable prospects for recovery, with Gekko Processing Plant demonstrating efficient gold recovery.
  • Environmental and heritage surveys indicate no significant impediments to the project's advancement.
  • Future plans include metallurgical test work, scoping studies, resource expansion drilling, and resource upgrades.
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.