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Everest Metals Corporation Ltd (ASX:EMC)

ALERT: Price-sensitive ASX Announcement for EMC
Current share price for EMC : $0.098 -0.007 (-6.67%)+
Announcement
Release
20 May 2026 8:20AM
Price at Release
$0.105
Full Release
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Summary
Everest Metals Corporation Ltd (EMC) announced an updated Mineral Resource Estimate (MRE) for the Mt Edon Critical Mineral Project in Western Australia, highlighting a total of 4.3 million tonnes at 0.23% Rb2O and 0.10% Li2O, with more than 9,800 tonnes of contained Rb2O. The project is significant as it is focused on rubidium as the primary commodity, contrary to being a by-product in other projects. Metallurgical test work and process studies are ongoing to support the development of a Direct Rubidium Extraction process, with planned scale-up to pilot plant level by the end of 2026. The project has received support from Australian government grants, and its mining proposal is bolstered by an increase in resource grade and tonnage. An environmental study concluded no significant negative impacts, and the project remains open for further resource growth along strike.
Key Points
  • Updated Mineral Resource Estimate for Mt Edon project
  • 4.3 million tonnes at 0.23% Rb2O and 0.10% Li2O
  • Focus on rubidium as primary commodity
  • Ongoing development of Direct Rubidium Extraction process
  • Support from Australian government grants
  • Planned pilot plant scale-up by end of 2026
  • Environmental studies show no significant impacts
  • Mining proposal bolstered by increased resource grade and tonnage
  • Project remains open for further resource growth
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.