Everlast Minerals Ltd. (ASX:EV8)

ALERT: Price-sensitive ASX Announcement for EV8

Current share price for EV8 : $0.410 0.01 (2.50%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

29 Apr 2026 1:00PM

Price at Release

$0.400

Full Release

Summary

Everlast Minerals Ltd, listed as EV8 on the ASX, provided a report for the quarter ending 31 March 2026, highlighting advancements in their flagship Gaibandha mineral sands project in Bangladesh. The company focused on optimizing production processes and engaging in metallurgical test work with potential partners. A new exploration licence was granted at Kurigram, and land demarcation was completed there, setting the stage for further exploration. Financially, Everlast reported a cash balance of $3.94 million and a quarter-end expenditure of $539,000, with no significant production activities. The overall strategy is to improve recovery rates and ensure responsible exploration and development.

Key Points

Pilot production advanced at Gaibandha with wet and dry processing.
Metallurgical test work progressed with prospective partners.
Engagement with equipment manufacturers to expand capacity.
New exploration licence granted at Kurigram.
Government completed land demarcation at Kurigram.
Expenditure on project operations totalled $539k.
No substantive mining production and development activities during the quarter.
As of 31 March 2026, cash and cash equivalents stood at $3.94m.
Focus on improving recovery rates at Gaibandha.
Everlast remains committed to responsible exploration and development.

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.