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Evergreen Lithium Ltd. ( (AU:EG1) ) has provided an announcement.
Evergold Minerals has secured a co-funded drilling grant under Western Australia’s Exploration Incentive Scheme for its Gladiator Prospect at the Mt Monger Gold Project. The grant will reimburse up to 50% of direct drilling costs, capped at A$150,000, lowering exploration spending while allowing the company to proceed with its planned campaign.
The funding supports a combined reverse circulation and diamond drilling program at Gladiator and Duchess of York, with work scheduled to start in early May 2026. The campaign will test shallow mineralisation and a deeper interpreted intrusive source beneath an 800 metre gold-in-soil and gravity anomaly, potentially clarifying the broader Mt Monger gold system and enhancing the project’s exploration upside.
More about Evergreen Lithium Ltd.
Evergold Minerals Limited is an Australian gold exploration company focused on the Mt Monger Gold Project in Western Australia’s Eastern Goldfields. The company targets intrusion-related orogenic gold systems, advancing prospects such as Duchess of York and the newly defined Gladiator through geochemical, geophysical and drilling programs.
Average Trading Volume: 509,711
Technical Sentiment Signal: Sell
Current Market Cap: A$8.43M
See more data about EG1 stock on TipRanks’ Stock Analysis page.