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Everest Metals Corporation Ltd (ASX:EMC)

ALERT: Price-sensitive ASX Announcement for EMC
Current share price for EMC : $0.125 0.01 (8.70%)+
Announcement
Release
31 Jul 2026 8:12AM
Price at Release
$0.115
Full Release
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Summary
Everest Metals Corporation Ltd (EMC) released their Quarterly Activities Report for the period ending June 2026. Significant progress was made across multiple projects. The Mt Dimer Taipan Gold Project saw continued mining with high-grade gold intersections from a completed grade control drilling program, with mineralization remaining open for expansion. The Mt Edon Critical Mineral Project reported an upgraded Mineral Resource Estimate, showcasing a 20% increase in tonnage and improved grades. Metallurgical results further optimized the Direct Rubidium Extraction process, reducing reagent consumption and achieving high extraction yields. The Revere Gold Project delivered a maiden JORC Mineral Resource Estimate, highlighting significant gold potential. Corporate activities included a cash position of A$4.2 million and ongoing exploration initiatives in Western Australia.
Key Points
  • Completion of 3,078m grade control drilling at Mt Dimer Taipan Gold Project.
  • High-grade gold intersections at Mt Dimer, mineralization open for further growth.
  • Mt Edon Critical Mineral Project's Mineral Resource Estimate increased by 20%.
  • Successful optimization of Direct Rubidium Extraction process at Mt Edon.
  • Mt Edon proposal submitted for Mining Development and Closure Proposal.
  • Revere Gold Project's maiden JORC Mineral Resource Estimate defined.
  • Corporate cash position of A$4.2 million at June 30, 2026.
  • Active exploration with plans for further resource expansions.
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.