• Completed grade control drilling at Mt Dimer Taipan Gold Project with high-grade gold intersections
• Upgraded Mineral Resource Estimate at Mt Edon Critical Mineral Project by 20%
• Delivered maiden Mineral Resource Estimate at Revere Gold Project
• Mining operations at Mt Dimer continue to progress under Right to Mine Agreement
• Positive metallurgical testwork at Mt Edon confirms feasibility of proprietary Direct Rubidium Extraction process

Everest Metals Corporation Ltd (ASX: EMC) has reported significant progress across its projects for the quarter ended June 2026. At the Mt Dimer Taipan Gold Project, a 3,078m grade control drilling program returned multiple high-grade gold intersections, supporting mine planning and ore scheduling. Mining operations continue to advance under the Right to Mine Agreement with MEGA Resources, with 92,788 tonnes of material delivered to the ROM pad as at 30 June 2026. At the Mt Edon Critical Mineral Project, an upgraded Mineral Resource Estimate increased to 4.3Mt at 0.23% Rb2O and 0.10% Li2O, a 20% increase in tonnage with improved grade and resource confidence. Positive metallurgical testwork confirmed the mineralisation is amenable to conventional processing, with mica recoveries exceeding 90%. The Revere Gold Project delivered a maiden Mineral Resource Estimate of 15Mt at 0.54 g/t Au, with over 40% classified as Indicated Mineral Resources. The Company plans to further test and expand the current resource with a 6,000m drilling program in Q3 2026.

Everest Metals Corporation Ltd anticipates continued progress in mining and exploration activities, with an updated Mineral Resource Estimate for Mt Dimer targeted for Q3 2026 and further resource drilling at Revere.