-1200x645-800x430.jpg)
Everest Metals Corporation (ASX: EMC) has hit up to 127 grams per tonne (g/t) gold in grade control drilling at the historic Mt Dimer Tapian gold project in Western Australia.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
Executive chairman and CEO, Mark Caruso, said the “extremely” positive results from the reverse circulation (RC) drilling are a boost as the company progresses the development of Mt Dimer Tapian.
“These drilling results continue to deliver high-grade intercepts, significantly boosting confidence in the Mt Dimer Taipan deposit ahead of our targeted measured and indicated resource upgrade next quarter,” Mr Caruso said.
“With mining accelerating, stockpiles building rapidly and processing imminent, Mt Dimer is well-positioned to generate meaningful near-term shareholder value.”
Located 150 km northwest of Kalgoorlie and 120 km northeast of Southern Cross, the Mt Dimer Taipan deposit currently hosts an inferred JORC mineral resource estimate (MRE) of 722,000 tonnes at 2.1 g/t gold for 48,545 ounces of gold and 3.84 g/t silver for 89,011 ounces of silver.
Everest is progressing toward delivery of an updated MRE targeted for Q2 2026.
The high-grade open-pit opportunity at Mt Dimer Taipan is fully permitted, with mining underway since early January 2026 under a right to mine agreement with MEGA Resources.
The initial campaign is focused on the extraction of approximately 200,000 tonnes of ore, aiming to deliver near-term cashflow via toll-treatment processing at a nearby facility scheduled for next month.
The new grade control results build on prior high-grade RC drilling from December 2025, confirming strong continuity and extensions north and south of the existing pit, with significant potential to grow the resource through further exploration.
The Everest-MEGA right to mine agreement was signed in October 2025. The deal provides Everest with up to $18.6 million in non-dilutive funding. MEGA commenced site preparation for open-pit operations in November 2025, with first ore mining achieved in early January 2026.
Initial blasts have cleared substantial waste material through a combination of blast and free-dig operations, enabling the stockpiling of more than 45,000 tonnes of ore on the ROM pad to date.
Toll-treatment processing will occur under a 200,000 tonnes per annum processing agreement at the nearby gold processing facility.
The Mt Dimer mining lease has a long exploration history since 1992. Everest acquired the project in 2020, including an exploration tenement that adjoins to the west of the ML.
EMC is steady at 11.0¢. Mkt cap $24.76M.
Join the discussion: See what HotCopper users are saying about Everest Metals Corporation and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.