• Over 2,500m drilled during Phase 2 resource upgrade and expansion program
• High-grade rubidium confirmed with peak assay of 0.79% Rb2O
• Thick, high-grade rubidium intersects up to 120m @ 0.22% Rb2O from surface

Everest Metals Corporation Ltd (ASX: EMC) announced further high-grade rubidium interim results from the Phase 2 resource upgrade and expansion drilling program at its Mt Edon Critical Mineral Project in Western Australia. The program comprised 2,507m of RC, slimline RC and diamond drilling, with results received for 19 RC holes (1,813m). Every RC hole intersected pegmatite, with mineralised pegmatite making up ~62% of total metres drilled. Significant rubidium intersections include 120m @ 0.22% Rb2O from surface, 20m @ 0.37% Rb2O from 50m, and 68m @ 0.31% Rb2O from 59m. A peak assay of 0.79% Rb2O was also recorded. In addition to the strong rubidium mineralization, the drilling also returned exceptional associated critical mineral grades, including 5.7% Li2O over 1m and 0.63% Cs2O over 1m. The company is advancing comprehensive geometallurgical and recovery test work, alongside preparation of a mining proposal, with a Mineral Resource upgrade targeted for Q1 2026.

The company remains fully committed to advancing Mt Edon toward becoming Australia's first producing rubidium project, with a Mining Lease already in place. Key next steps include completion of the CSIRO geochemical and mineralogical studies, securing the patent for EMC's proprietary rubidium extraction process, delivering a resource upgrade, and submission of the Mining Proposal application in H1 2026.