Evergold Ramps Up Mt Monger Exploration With Gravity Survey and New Geological Model

Evergreen Lithium Ltd. ( (AU:EG1) ) has issued an update.

Evergold Minerals has launched a high-resolution ground gravity survey at its Mt Monger Gold Project in Western Australia, aiming to refine the geometry and depth of a dense, interpreted sanukitoid-driven gold system that underpins its key Duchess of York prospect. The work, underpinned by recent capital raising, marks the start of a focused exploration campaign that integrates new geophysical and mineralogical data to upgrade the project’s central target corridor.

A Comet mineralogy study by Fleet Space Technologies has defined a large-scale hydrothermal footprint with gold pathfinders and widespread alteration across several Mt Monger targets, reshaping Evergold’s geological model and highlighting significantly greater exploration potential. Next steps include 3D inversion modelling, auger geochemical surveys and a planned RC drilling program at Duchess of York in the first quarter of 2026, with an application lodged for Western Australian co-funding to support deep diamond drilling of the interpreted intrusive source.

The most recent analyst rating on (AU:EG1) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Evergreen Lithium Ltd. stock, see the AU:EG1 Stock Forecast page.

More about Evergreen Lithium Ltd.

Evergold Minerals Limited is an Australian gold exploration company listed on the ASX and focused on its Mt Monger Gold Project about 70 kilometres southeast of Kalgoorlie in Western Australia. The company is targeting intrusion-related and sanukitoid-driven gold systems across multiple prospects within this project area as it advances an exploration-led growth strategy.

Average Trading Volume: 416,218

Technical Sentiment Signal: Sell

Current Market Cap: A$10.85M

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