• 2,160m infill RC drilling program increases geological and financial confidence of Mt Dimer Taipan gold pit
• Significant intersections include up to 8m @ 10.1 g/t Au and 1m @ 127 g/t Au
• Mineralisation remains open along strike with strong potential for resource extensions

Everest Metals Corporation Ltd (ASX: EMC) is pleased to announce extremely positive results from its recent grade control Reverse Circulation (RC) drilling program at the 100% owned Mt Dimer Taipan Gold Project, located 150 km northwest of Kalgoorlie and 120 km northeast of Southern Cross in Western Australia. The 2,160m infill RC drilling program has increased the geological and financial confidence of the Mt Dimer Taipan gold pit (M77/515), with significant intersections including 8m @ 10.1 g/t Au (35-43m) including 2m @ 29.8 g/t Au from 36m, 1m @ 127 g/t Au (42-43m) & 6m @ 2.1 g/t Au (44-50m), 5m @ 3.1 g/t Au (10-15m), and 6m @ 2.3 g/t Au (15-21m). Mineralisation remains open along strike, with strong potential for resource extensions north and south of the current pit. Mining operations are progressing well, with more than 45,000 tonnes of mineralised material delivered to the ROM pad, and processing scheduled to commence in April 2026 under a 200,000 tpa Toll Processing Agreement. The operations are fully funded via a non-dilutive Right to Mine Agreement with MEGA Resources (up to A$18.6 million), enabling rapid advancement without shareholder dilution. EMC is progressing toward delivery of an updated Mineral Resource Estimate targeted for Q2 2026, with the current Inferred Resource standing at 722kt @ 2.10g/t Au for 48,545 oz of gold and 3.84 g/t Ag for 89,011oz silver.

The initial mining campaign targets extraction of approximately 200,000 tonnes of ore, aiming to deliver near-term cashflow via toll-treatment processing at a nearby facility (200,000 tpa capacity), scheduled for April 2026.

The Mt Dimer Taipan resource remains open to the north and south, with strong potential to extend mineralisation along the southern strike, presenting a significant opportunity to define additional gold (and silver) resources within the Mt Dimer Taipan project and adjoining tenements.