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An announcement from Everest Metals Corporation Limited ( (AU:EMC) ) is now available.
Everest Metals Corporation Limited has received approval from the Western Australia Department of Mines, Petroleum and Exploration to commence mining operations at its Mt Dimer Taipan Gold & Silver Project in Q4 2025. This approval marks a significant milestone in EMC’s strategy to make the project ‘operation-ready,’ with the potential to become a profitable mining operation by 2026. The project, which hosts an inferred mineral resource of gold and silver, will begin as a small-scale open-pit mining operation with ore processed at third-party facilities. EMC is in advanced negotiations with potential partners for mining services, trucking, and toll processing, indicating a strategic move towards operational readiness.
More about Everest Metals Corporation Limited
Everest Metals Corporation Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in the extraction of gold and silver, with a market focus on small-scale mining operations.
Average Trading Volume: 160,401
Technical Sentiment Signal: Sell
Current Market Cap: A$29.14M
See more data about EMC stock on TipRanks’ Stock Analysis page.