Everest Metals Accelerates Mt Dimer Gold Mining with Strong Early Ore Delivery
Everest Metals Corporation has ramped up mining operations at its Mt Dimer Taipan Gold Project, delivering over 25,000 tonnes of ore and initiating a major drilling program to expand resources and optimise production.
- Over 25,000 tonnes of ore stockpiled following initial blasts
- 2,000m drilling underway to refine ore definition and mining sequence
- Processing set to begin in late March under 200,000 tonnes toll agreement
- Non-dilutive A$18.6 million funding secured via Right to Mine Agreement with MEGA Resources
- Further drilling planned to test open strike extensions and expand resource base
Mining Momentum at Mt Dimer Taipan
Everest Metals Corporation Ltd (ASX, EMC) has announced a significant acceleration in mining activities at its Mt Dimer Taipan Gold Project, located in Western Australia's Eastern Goldfields. Following successful initial blasts, the company has delivered over 25,000 tonnes of ore to the run-of-mine (ROM) pad, marking a strong start to its open-pit mining campaign.
This early progress is a key milestone for EMC, which aims to capitalise on the current robust gold price environment. The project’s location, approximately 150 kilometres northwest of Kalgoorlie, situates it within a prolific gold-producing region, enhancing its strategic value.
Drilling and Processing Plans
To optimise mining efficiency, EMC has launched a 2,000-metre grade control drilling program. This detailed drilling will refine ore definition, improve the mining sequence, and enhance ore-to-waste ratios, with results expected by early March 2026. Such precision is critical to maximising gold recovery while minimising waste removal costs.
Complementing the mining efforts, processing of the ore is scheduled to commence in late March under a toll processing agreement that allows for up to 200,000 tonnes per annum at a nearby facility. This arrangement enables EMC to advance production without the need for immediate capital investment in processing infrastructure.
Strategic Funding and Resource Expansion
EMC’s operations at Mt Dimer are fully funded through a non-dilutive Right to Mine Agreement with MEGA Resources Pty Ltd, providing up to A$18.6 million. This partnership allows EMC to accelerate development without diluting shareholder equity, a notable advantage in the current market.
Building on a successful reverse circulation (RC) drilling campaign in late 2025, which yielded high-grade gold intercepts including 6 metres at 10.2 grams per tonne, EMC plans further drilling to test open southern and northern strike extensions. These efforts aim to expand the existing inferred mineral resource, currently estimated at 48,545 ounces of gold and 89,011 ounces of silver, underpinning the project’s near-term production potential.
Outlook and Market Context
With mining operations underway and a clear pathway to processing and resource growth, EMC is positioning itself to generate meaningful near-term cash flow. The combination of gold and silver production, supported by strategic funding and ongoing exploration, offers a compelling growth story for investors focused on precious metals in Tier-1 jurisdictions.
Executive Chairman and CEO Mark Caruso highlighted the momentum achieved by the MEGA Resources team and the value created for shareholders amid record gold prices. As drilling results emerge in the coming months, market participants will be watching closely for updates that could further validate the project’s upside.
Bottom Line?
EMC’s Mt Dimer project is gaining pace, but upcoming drill results will be crucial to confirming its growth trajectory.
Questions in the middle?
- Will the March drilling results confirm significant resource expansion at Mt Dimer?
- How will toll processing costs impact EMC’s near-term cash flow and margins?
- What are the longer-term plans for transitioning from toll processing to owned infrastructure?
