Everest Metals Corporation has revealed a promising 1.1km gold anomaly at its Revere project, completed a key rubidium extraction study at Mt Edon, and is poised to start mining at Mt Dimer by year-end.
- 6,900m aircore drilling at Revere identifies new 1.1km gold anomaly
- Bulk sampling supports maiden JORC Mineral Resource Estimate due Q3 2025
- Engineering Scoping Study confirms technical viability of Mt Edon rubidium extraction
- Membership in US Defense Industrial Base Consortium to aid Mt Edon funding
- Mt Dimer mining approvals pending, mining targeted for Q4 2025
Revere Project – Mapping a Large-Scale Gold System
Everest Metals Corporation (ASX – EMC) has made significant strides at its Revere Gold & Base Metal Project in Western Australia. The recent completion of nearly 7,000 metres of regional aircore drilling has successfully delineated mineralised host rocks and alteration zones, revealing a newly identified 1.1-kilometre gold anomaly. This discovery suggests the presence of a substantial mineralised system, reinforcing the project's potential for large-scale bulk mining.
Complementing the drilling, a bulk sampling program was finalized this quarter, with processing and refining confirming the gold's purity and enhancing understanding of the mineralisation styles. The data generated will underpin a maiden JORC Mineral Resource Estimate scheduled for release in the third quarter of 2025, marking a critical milestone in advancing Revere toward development.
Mt Edon – Pioneering Rubidium Extraction and Strategic Partnerships
At the Mt Edon Critical Mineral Project, EMC completed an Engineering Scoping Study in collaboration with Edith Cowan University, validating the technical feasibility of extracting rubidium, a critical mineral with growing demand in defence and high-tech sectors. The study envisions a processing plant capable of producing 750 to 1,000 tonnes of rubidium chloride annually, leveraging EMC’s proprietary Direct Rubidium Extraction technology, which boasts up to 97% recovery rates.
Further bolstering Mt Edon's prospects, EMC secured a CSIRO Kick-Start Program voucher to fund advanced geochemical and mineralogical studies, and joined the U.S. Department of Defense-funded Defense Industrial Base Consortium. These partnerships not only provide access to non-dilutive funding but also position EMC as a key player in establishing a sovereign rubidium supply chain for Australia and allied nations. The company aims to progress to pilot plant construction in 2026, contingent on further funding and technical validation.
Mt Dimer – Approaching Mining Commencement
The Mt Dimer Taipan Gold & Silver Project is on track for mining operations targeted in the fourth quarter of 2025. EMC has submitted comprehensive Mining Proposal and Mine Closure Plan documents to Western Australian regulators and is actively addressing feedback to secure final approvals. The project supports an open-pit mining operation with ore processing planned through toll treatment agreements with nearby mills.
Recent reverse circulation drilling has been conducted to test priority targets identified through geochemical anomalies and satellite imagery, with assay results expected shortly. The current JORC-compliant inferred resource stands at approximately 48,500 ounces of gold and 89,000 ounces of silver, underscoring the project's economic potential.
Corporate and Regional Developments
EMC maintains a cash position of $2.1 million as of June 30, 2025, with exploration expenditure of $1.128 million during the quarter. The company also surrendered Northern Territory tenements to focus on higher-priority projects and progressed exploration licence applications in the Mukinbudin region, an area noted for its potential in uranium, lithium, and rare earth elements.
Overall, Everest Metals is advancing multiple projects across gold, base metals, and critical minerals, combining exploration success with strategic partnerships and regulatory progress to build a diversified resource portfolio.
Bottom Line?
With resource estimates and mining approvals imminent, Everest Metals is poised for a pivotal phase of growth across gold and critical minerals.
Questions in the middle?
- Will the maiden JORC Mineral Resource Estimate at Revere confirm the scale of the newly identified gold anomaly?
- What funding sources will EMC secure to advance the Mt Edon pilot plant beyond the scoping study?
- How soon can mining approvals at Mt Dimer be finalized to meet the targeted Q4 2025 production start?