• New assay results confirm high-grade rubidium mineralisation at Mt Edon
• Standout thick, high-grade rubidium intersections up to 0.67% Rb₂O
• CSIRO studies provide valuable mineralogical and geochemical insights to optimise processing

Everest Metals Corporation Ltd (ASX: EMC) is pleased to announce assay results from the remaining diamond (DD) and slimline RC (SLRC) holes from the Phase 2 resource upgrade and expansion drilling program at the Mt Edon Critical Mineral Project in Western Australia. The results complement the previously reported high-grade RC intercepts and reinforce the continuity of thick, near-surface rubidium mineralisation. The Phase 2 program has delivered consistent high-grade zones, including multiple thick intercepts exceeding 0.30% Rb₂O and a peak assay of up to 0.67% Rb₂O, further highlighting Mt Edon's potential as a globally significant rubidium project. Parallel CSIRO mineralogical and characterisation studies are providing critical data to optimise future beneficiation and recovery processes. The drilling results, combined with the CSIRO insights, are expected to drive improvements in processing efficiency and rubidium recovery rates. The resource upgrade underway is anticipated to significantly enhance the project's resource base and classification in the near term.

The company expects the resource upgrade to significantly enhance the project's resource base and classification in the near term.

Everest Metals is focused on securing the international PCT patent for its proprietary rubidium extraction process, delivering a Mineral Resource upgrade, conducting MRIWA bench-scale optimisation studies, and submitting the Mining Proposal application in the first half of 2026. In the second half of 2026, the company plans to complete Engineering Scoping Studies, obtain AEA-Ignite purification and scalable pilot prototype processing results, submit and secure a Grant application for a pilot plant, and obtain Mining Proposal approvals.