Mark Caruso

Everest Metals Corporation is looking to expand its battery and precious metals portfolio after lodging an application for two prospective tenement packages near Alice Springs in the Northern Territory. The total application area covers the Georgina and Amadeus projects that include 15 exploration licences covering an area around 10,200 square kilometres.

Everest Metals has signed a binding joint venture agreement with Stelar Metals covering all of its large Broken Hill NSW projects and giving Stelar a 90 per cent interest. Everest Metals will receive $250,000 cash and a similar value in Stelar shares upfront. Milestone payments add a further $500,000 in cash or shares. The company says it retains a 10 per cent free-carried interest.

Everest Metals will focus on a slew of conductor targets with a new deep drilling campaign at its Revere gold project near Meekatharra and along strike from Sandfire Resources’ DeGrussa copper-gold mine. The company says the upcoming campaign will aim to intersect volcanic hosted massive sulphide copper-gold mineralisation down to a depth of around 300m and similar in geology to the famed DeGrussa deposit.

Everest Metals has achieved exceptional gold recoveries from independent gravity separation test work from its Revere gold project 90km northeast of Meekatharra. Coarse gold hand-picked from the 305 g/t gold bulk quartz vein sample accounted for 47 per cent of the recovered gold and gravity separation recovered 97 per cent of the remaining gold. The company is now planning further bulk testing and resource drilling.

Everest Metals is a different looking company today from when it was Twenty Seven Co up until last year. It has totally renewed its board which is now led by mining man Mark Caruso and assisted by COO and former finance professional Simon Phillips. The new board has its foot on a curious new project that boasts multiple near surface gold reefs and hints of DeGrussa-style copper at depth.

Everest Metals has completed a swag of deals to formally acquire 51 per cent of the Mt Edon lithium project and the Revere gold project. The package includes joint ventures across both projects with the privately-owned Entelechy Resources, along with farm-in deals and royalty agreements. The arrangements allow Everest to move towards 100 per cent ownership.

Everest Metals has determined a JORC-compliant rubidium-lithium exploration target at its Mt Edon project in WA’s South Murchison region, but says more work is required to quantify the geological system. The company has today outlined a resource target range of between 3.2 and 4.5 million tonnes, with potential grades going 0.23 to 0.35 per cent rubidium oxide and 0.08 to 0.12 per cent lithium oxide.

Everest Metals Corporation has placed its foot firmly on strategically important new ground, with the acquisition of two new exploration licenses and an application for a third at its Revere gold and base metals project, 90km north-east of Meekatharra in Western Australia’s Mid West region. The acquisitions more than double the area of the company’s existing tenure in the area.

Everest Metals Corporation will develop the 48,545 ounces of gold and 89,011 ounces of silver at its 100 per cent-owned Mt Dimer Taipan gold and silver project in WA’s goldfields as the gold price continues to trade near record highs above $3000 an ounce. The company will now lean into the project which contains recent intercepts as high as 8m at 13.55 g/t gold from 80m – including a 4m slice at a 23 g/t.

Everest Metals Corporation is scaling up its Mt Edon critical mineral project in WA’s Mid West region after securing Edith Cowan University’s mineral research arm to help develop an innovative rubidium extraction process. The pair’s new research agreement will represent a key stage towards developing the dual-mineral deposit that sits about 350km from the town of Geraldton.

Everest Metals is aiming to sure up the resource at its Revere gold project in WA’s Mid West with a 36,000 tonne bulk sampling campaign however the sample will be put through a mobile plant to produce gold. The program has been designed to convert the current exploration target of between 2.5 and 4.1 million tonnes grading between 1 and 2.5 grams per tonne gold into a JORC resource.

Everest Metals Corporation has identified 10 big uranium and base metal geophysical anomalies within its 100 per cent-owned Georgina and Amadeus projects centred on Alice Springs in the Northern Territory. Management has moved swiftly since securing its Top End exploration package last year and has engaged a speciality geophysical company to model and interpret existing geophysical data over the Georgina and Amadeus operations.

Resource definition drilling is underway at Everest Metals Corporation’s Mt Edon critical mineral project in WA’s Mid West region in a bid to firm up the existing rubidium exploration target to mineral resource status. The target is between 3.2 and 4.5 million tonnes with a grade of 0.23 to 0.35 per cent rubidium – numbers the company hopes to swell in its looming maiden mineral resource estimate.

Everest Metals has delivered high-grade gold grades including 97 grams per tonne in a 1m hit from just 8m after rolling out drill and blast works at its Revere gold and base metals project in Western Australia’s Mid West region. The company says the evidence of near-surface gold mineralisation confirms and continues to support the existence of a large-scale orogenic gold system at the operation.

Everest Metals Corporation has hit multiple pegmatites during its recently-completed phase one drilling program as it hunts for rubidium to deliver a maiden resource at its Mt Edon critical minerals project in WA’s Mid West. The new intersections from a reverse-circulation campaign have significantly expanded the company’s target area at the project that sits about 5km south-west of the historical gold mining town of Paynes Find.