• Mining Lease M51/905 granted for Revere Gold Project
• Agreement with Yugunga-Nya People #2 secures key tenure
• Project advancing towards development with ongoing statutory approvals
• Maiden Mineral Resource of 15Mt @ 0.54 g/t Au remains open along strike and at depths
• Further drilling planned to test mineralised system extensions

Everest Metals Corporation Ltd (ASX: EMC) has announced the grant of Mining Lease M51/905 for the Revere Gold Project in Western Australia's Murchison Region. This lease, covering approximately 1,218 hectares and granted until 2047, contains the entire 228,307 oz Big John Mineral Resource and represents a significant milestone in advancing the project from exploration into the next phase of technical studies, statutory approval, and mine development. The grant follows the execution of a Native Title and Mining Agreement with the Yugunga-Nya People #2, providing a framework for ongoing engagement, including employment opportunities and social and professional development initiatives. The Company is progressing statutory approvals, technical studies, and resource expansion activities to support future mining development. Bulk sampling and metallurgical studies demonstrate that Revere is 'free milling', allowing processing and excellent gold recovery via a simple gravity-only circuit. The maiden mineral resource of 15Mt @ 0.54 g/t Au for 260,780 oz remains open along strike and at depths, with further drilling planned to test extensions of the mineralised system and target additional resource growth opportunities.