Everest Metals has begun mining at its Mt Dimer Taipan Gold Project and reported strong drilling results at its Mt Edon Critical Minerals Project, advancing its position in gold and strategic minerals.
- Mining commenced at Mt Dimer Taipan Gold Project in January 2026
- High-grade gold drill results confirm resource extensions at Mt Dimer
- Resource upgrade drilling completed at Mt Edon with rubidium grades up to 0.79% Rb₂O
- Expansion of Revere Gold Project with new tenement acquisition and 6,000m aircore drilling
- Secured government grants and strategic partnerships to support project development
Mining Milestone at Mt Dimer Taipan
Everest Metals Corporation Ltd (ASX, EMC) has marked a significant operational milestone with the commencement of mining activities at its Mt Dimer Taipan Gold Project in early January 2026. This follows the execution of a fully funded Right to Mine Agreement with Bain Global Resources’ subsidiary MEGA Resources, which will manage mining and haulage operations without requiring upfront capital from Everest.
The Mt Dimer project hosts an inferred mineral resource of approximately 48,500 ounces of gold at a grade of 2.10 grams per tonne, alongside 89,000 ounces of silver. Recent reverse circulation drilling has confirmed high-grade extensions to the existing pit, with standout intercepts including 6 metres at 10.2 g/t gold. These results suggest the resource remains open for expansion both along strike and at depth, offering potential to increase mine life and production scale.
Advancing Critical Minerals at Mt Edon
Parallel to its gold operations, Everest Metals has made substantial progress at the Mt Edon Critical Minerals Project, located in Western Australia’s Mid-West region. The company completed resource upgrade drilling, delivering rubidium grades up to 0.79% Rb₂O over thick intervals, confirming the deposit’s tier-1 scale and grade. Mt Edon also contains lithium and caesium mineralisation, positioning it as a strategic asset amid growing demand for critical minerals in defence, aerospace, and technology sectors.
Ongoing metallurgical studies and pilot plant development aim to establish Mt Edon as Australia’s first dedicated rubidium producer. The company has secured government funding and entered a memorandum of understanding with Arlington Innovation Partners to explore non-dilutive US government grants and offtake partnerships, underscoring the project’s strategic importance in global supply chains.
Expanding the Revere Gold Project
Everest Metals also expanded its footprint at the Revere Gold & Base Metal Project through the acquisition of an adjacent exploration licence, Armstrong (E51/2088). A recent 6,000-metre aircore drilling campaign targeted mineralised zones to support a maiden JORC Mineral Resource Estimate planned for mid-2026. Environmental studies have been completed to facilitate mining approvals, with early assay results expected soon.
Financial and Corporate Highlights
The company maintains a solid cash position of A$3.79 million as of December 31, 2025, bolstered by a A$200,000 R&D tax refund related to rubidium extraction testwork and government co-funded exploration grants. Everest Metals issued over A$1.17 million in Junior Minerals Exploration Incentive credits to eligible shareholders, supporting ongoing exploration funding. The company’s strategic partnerships and funding arrangements position it well to advance its portfolio through 2026.
Looking ahead, Everest Metals plans to deliver updated resource estimates, progress mining proposals, and continue pilot plant development for rubidium production. These initiatives reflect the company’s dual focus on gold production and critical minerals, aligning with global trends towards supply chain security and clean technology materials.
Bottom Line?
With mining underway and critical minerals development accelerating, Everest Metals is poised for a transformative 2026.
Questions in the middle?
- How will the Mt Dimer mining operation perform against production targets in its initial months?
- What impact will the Mt Edon rubidium pilot plant have on commercial viability and market positioning?
- When can investors expect the maiden Mineral Resource Estimate for the Revere Gold Project?