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An announcement from Everest Metals Corporation Limited ( (AU:EMC) ) is now available.
Everest Metals Corporation has accelerated mining at its Mt Dimer Taipan Gold Project in Western Australia, where more than 25,000 tonnes of ore have already been delivered to the run-of-mine pad following initial blasts in the open pit. A 2,000-metre drilling program is underway to tighten ore definition and optimise mine planning, with further reverse circulation drilling to test strike extensions after recent high-grade intercepts, while ore processing is scheduled to begin in late March 2026 under a 200,000-tonne toll processing agreement. Operations are fully funded through a Right to Mine Agreement with MEGA Resources providing up to A$18.6 million in non-dilutive financing, positioning the company to secure meaningful near-term cash flow in a strong gold price environment and advance the project without additional shareholder dilution.
The most recent analyst rating on (AU:EMC) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Everest Metals Corporation Limited stock, see the AU:EMC Stock Forecast page.
More about Everest Metals Corporation Limited
Everest Metals Corporation Ltd is an Australian-listed resources company focused on gold and silver exploration and mining, with key assets in Western Australia’s Eastern Goldfields region. The Mt Dimer Taipan Gold Project is a core operation aimed at generating near-term cash flow through open-pit mining of high-grade gold mineralisation under toll processing arrangements.
Average Trading Volume: 489,068
Technical Sentiment Signal: Buy
Current Market Cap: A$43.15M
Find detailed analytics on EMC stock on TipRanks’ Stock Analysis page.