Everest Metals Corporation Advances Key Mining Projects in Q1 2025

An announcement from Everest Metals Corporation Limited ( (AU:EMC) ) is now available.

Everest Metals Corporation Ltd has made significant progress in its various mining projects during the quarter ending March 2025. At the Revere Gold Project, the company has commenced a 6,000m drilling campaign and completed the commissioning phase of its bulk sampling program, aiming for an initial JORC Mineral Resource Estimate by late Q2 2025. In the Mt Edon Critical Mineral Project, EMC has filed a provisional patent for Direct Rubidium Extraction and is advancing its metallurgical research in collaboration with Edith Cowan University. The Mt Dimer project has seen the submission of a mining proposal and the granting of a vegetation clearing permit, with mining expected to commence in Q2 2025. Additionally, the company received a $128K R&D cash refund and distributed $0.7m in exploration credits to shareholders.

More about Everest Metals Corporation Limited

Everest Metals Corporation Ltd (ASX: EMC) operates in the mining industry, focusing on the exploration and development of gold, base metals, and critical minerals. The company is actively engaged in projects such as the Revere Gold & Base Metal Project, Mt Edon Critical Mineral Project, and Mt Dimer Taipan Gold & Silver Project, with a strategic emphasis on utilizing advanced technologies and environmentally friendly processing methods.

YTD Price Performance: 11.11%

Average Trading Volume: 331,308

Technical Sentiment Signal: Sell

Current Market Cap: A$33.57M

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