Everest Metals Corporation Ltd (ASX:EMC)

Everest Metals Corporation’s September 2026 Quarterly Activities Report outlines substantial progress across its three core Western Australian projects. At the Mt Dimer Taipan Gold Project, mining and ROM stockpiling continued under the non-dilutive Right to Mine Agreement with MEGA Resources and Bain, with ROM material increasing to more than 142,000 tonnes by 30 September 2026, and material scheduled for third-party toll processing; the company also commenced a 2,000m EIS co-funded RC drilling program on adjacent exploration tenure, while post-quarter it reported an updated JORC 2012 Mineral Resource of 975,000t at 1.37g/t Au for about 43,000oz, including Measured and Indicated resources for the first time. At the Mt Edon Critical Mineral Project, EMC appointed Hall Chadwick as exclusive strategic adviser to assess funding, partnership and transaction pathways with an initial focus on US and allied markets, progressed an independent validation program on rubidium supply-chain and strategic funding opportunities, and continued advancing development approvals and metallurgy around its 4.3Mt at 0.23% Rb2O and 0.10% Li2O resource; post-quarter metallurgical work achieved rubidium extraction of up to 90% in batch testing. At the Revere Gold Project, EMC secured Mining Lease M51/905 to 2047 covering the Big John resource, advanced permitting and technical studies, appointed Como Engineers for a Scoping Study due in the March 2027 quarter, completed a transaction to lift its Goodins East JV interest to 56% and reduce certain royalty burdens, and post-quarter completed 7,877m of aircore drilling across Armstrong, Big John and Tree Reef. Corporate updates included the issue of 1,000,000 shares tied to Revere tenure consolidation, lodgement of the FY2026 Annual Report and governance documents, and a cash balance of about A$4.1 million at 30 September 2026.