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Everest Metals Corporation Ltd (ASX:EMC)

ALERT: Price-sensitive ASX Announcement for EMC
Current share price for EMC : $0.125 0.02 (19.05%)+
Announcement
Release
24 Jun 2026 8:21AM
Price at Release
$0.105
Full Release
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Summary
The document discusses the progress and results of the Mt Dimer Taipan Gold Project, managed by Everest Metals Corporation Ltd. It highlights the completion of grade control drilling in May 2026, involving 85 close-spaced reverse circulation (RC) holes totaling 3,078 meters, which aimed to infill the existing drill pattern at the base of the Mt Dimer pit and increase geological confidence. The drilling returned multiple high-grade gold intersections, indicating continuity of mineralization, and supporting mine planning and ore scheduling. Significant results included high gold grades, with some intersections reaching up to 43.6g/t Au. The mining project, which commenced operations in January 2026, is undertaken in collaboration with MEGA Resources Pty Ltd, targeting the extraction of 200,000 tonnes of ore. The project is fully permitted, with approvals secured for mining and closure plans.
Key Points
  • Grade control drilling completed in May 2026 with 85 RC holes.
  • Returned high-grade gold intersections confirming mineralization continuity.
  • Significant results include intersections with grades up to 43.6g/t Au.
  • Mining commenced in January 2026 under a Right to Mine Agreement.
  • Targeting extraction of 200,000 tonnes of ore for near-term cashflow.
  • Project is fully permitted with approved mining and closure plans.
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.