Everest Metals obtains further high-grade gold at Mt Dimer Taipan project

• Grade control RC drilling program completed to support mine planning
• Multiple high-grade gold intersections returned
• Mining activities continue to progress
• Updated mineral resource estimate targeted for Q3

Everest Metals Corporation (ASX:EMC) has obtained further high-grade gold results as it races towards development of its Mt Dimer Taipan project in Western Australia.

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The high-grade hits were recorded in its recently completed grade control, reverse circulation (RC) drilling program.

Multiple high-grade gold intersections were returned from the program including: 7.0m at 16.1 g/t gold, 2.0m at 43.6 g/t gold from 10m and 12m at 6.2 g/t gold from 10 to 22m including 4.0m at 15.8 g/t gold from 10m.

Located approximately 150 km northwest of Kalgoorlie and 120 km northeast of Southern Cross in WA’s Goldfields, Mt Dimer forms a key part of EMC’s strategy to unlock value from its precious metals portfolio through a low-capital-intensity mining and toll-treatment model.

CEO, Mark Caruso, said Everest is progressing toward its first ore processing campaign while continuing to optimise mine planning and advance an updated mineral resource estimate (MRE) targeted for Q3, 2026.

“The results returned from this program provide further confidence in both the geological model and continuity of mineralisation within the Mt Dimer Taipan pit,” he said.

“The drilling has generated valuable data that will support ongoing mine planning, ore scheduling and the upcoming mineral resource update. We are encouraged by the progress achieved to date, with MEGA continuing to advance mining activities safely and efficiently as the project moves toward its first processing campaign.”

The Mt Dimer Taipan deposit hosts an Inferred JORC MRE of 722,000 tonnes at 2.1 grams per tonne (g/t) for 48,545 ounces of gold and 3.84 g/t silver for 89,011 ounces of silver.

Mining has been underway since January 2026 under an agreement with MEGA Resources.

The initial campaign targets extraction of approximately 200,000 tonnes of ore, aiming to deliver near-term cashflow through toll-treatment processing at a nearby facility.

Following the commencement of site works in November 2025 and first ore mining in January 20263, mining activities have continued to progress in line with the development schedule.

More than 90,000 tonnes of ore have been delivered to the ROM pad to date, providing a substantial stockpile ahead of the planned toll-treatment processing campaign.

EMC is steady at 10.5¢. Mkt cap $28.31M.

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