Everlast Minerals advances pilot operations at its Gaibandha Mineral Sands Project, securing a critical 500kW power connection and strengthening government ties in Bangladesh.
- 500kW electricity line connected to Gaibandha project
- Ongoing pilot-scale processing optimising recoveries and product quality
- Positive regulatory inspections affirm environmental compliance
- Appointment of Brigadier General Monzurul Alam (Retd) as strategic advisor
- Preparations underway for metallurgical testing and off-take partner engagement
Operational Momentum at Gaibandha
Everlast Minerals Ltd (ASX, EV8) has reported steady progress at its flagship Gaibandha Mineral Sands Project in Bangladesh during the December 2025 quarter. The company continues to run pilot-scale processing operations, focusing on optimising recovery rates, product quality, and process flows. These efforts are foundational steps ahead of any potential scale-up or commercial production.
While no substantive mining production occurred this quarter, the trial production initiatives are critical for refining operational parameters and demonstrating the project’s viability to prospective partners.
Powering Up, A Major Infrastructure Milestone
A standout achievement this quarter was the successful connection of a 500kW electricity line to the Gaibandha site. This new high-voltage power supply provides a reliable and stable energy source essential for expanded pilot operations and future development phases. The upgrade not only supports current wet and dry processing activities but also enables the integration of additional industrial equipment to improve efficiency.
Such infrastructure enhancements underscore Everlast’s commitment to building a robust operational platform and reflect strong collaboration with local government and utility providers.
Regulatory Confidence and Environmental Compliance
Everlast’s engagement with Bangladesh’s regulatory authorities has yielded positive outcomes. Site inspections by senior officials from the Bangladesh Water Development Board and the Department of Environment confirmed that the project aligns with technical standards and environmental safeguards. These inspections are vital for maintaining transparency and securing the necessary approvals as the project advances.
Management emphasises that maintaining regulatory compliance and responsible environmental practices remain top priorities.
Strategic Appointments and Partner Engagement
To bolster its in-country expertise, Everlast appointed Brigadier General Monzurul Alam (Retd) as a strategic advisor. With over three decades of leadership experience in the Bangladesh Armed Forces and international peacekeeping, Brigadier General Alam is expected to enhance government relations, operational oversight, and stakeholder coordination.
Additionally, the company hosted site visits from prospective off-take partners, including major Chinese industry and trading groups. These visits facilitated detailed discussions on operational readiness and potential commercial arrangements, signaling growing interest in the project’s future output.
Looking Ahead, Metallurgical Testing and Licence Approvals
Preparations are underway for metallurgical testing scheduled for early 2026, a critical step to validate product quality and support off-take negotiations. Meanwhile, Everlast awaits a decision on the Kurigram Exploration Licence, which, if granted, would expand the company’s footprint in Bangladesh’s mineral sands sector.
With $5.46 million in cash reserves at quarter-end and disciplined expenditure, Everlast is positioned to continue advancing its projects while managing operational risks.
Bottom Line?
Everlast Minerals’ recent infrastructure and regulatory strides set the stage for scaling up Gaibandha, but key tests and approvals remain pivotal.
Questions in the middle?
- When will metallurgical testing results be released, and how might they impact off-take agreements?
- What is the timeline and likelihood for approval of the Kurigram Exploration Licence?
- How will Everlast manage scaling pilot production while maintaining environmental compliance?