MRE Upgrade Underpins Mining Proposal, Mt Edon Rb Project
| Stock | Everest Metals Corporation Ltd (EMC.ASX) |
|---|---|
| Release Time | 20 May 2026, 8:20 a.m. |
| Price Sensitive | Yes |
EMC Announces Mineral Resource Upgrade at Mt Edon Project
- Updated Mineral Resource Estimate (MRE) totals 4.3Mt @ 0.23% Rb2O and 0.10% Li2O
- Over 60% of the Mineral Resource is now in the Indicated category
- Includes a high-grade zone of 1.5 Mt @ 0.31% Rb2O and 0.10% Li2O
- Mining Development and Closure Proposal submitted, approval anticipated in late 2026
Everest Metals Corporation Ltd (ASX:EMC) has announced an updated Mineral Resource Estimate (MRE) for the Mt Edon Critical Mineral Project in Western Australia. The updated MRE totals 4.3 million tonnes at 0.23% Rb2O and 0.10% Li2O, representing a 20% increase in overall tonnage. Over 60% of the Mineral Resource is now classified in the Indicated category. The MRE includes a higher-grade zone of 1.5 million tonnes at 0.31% Rb2O and 0.10% Li2O. The Company has submitted a Mining Development and Closure Proposal for open-cut mining, with approval anticipated in late 2026. Processing optimization and purification activities are ongoing, supported by government grants.
Mt Edon MRE totals 4.3Mt @ 0.23% Rb2O and 0.10% Li2O, with 60% in Indicated category
Approval for Mining Development and Closure Proposal anticipated in late 2026, with ongoing processing optimization and purification activities.