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Everest Metals Corporation Limited ( (AU:EMC) ) just unveiled an announcement.
Everest Metals Corporation Ltd has successfully extracted its first gold from the bulk sampling commissioning phase at the Revere Gold Project in Western Australia. This milestone supports the company’s understanding of the gold mineralization and is expected to contribute to converting their Exploration Target into a JORC Code Mineral Resource Estimate. The project is significant as it allows EMC to capitalize on high gold prices, generating cash flow for future operations. The bulk sampling and processing activities are anticipated to complete by Q2 2025, marking a critical step in evaluating the resource potential of the Revere Reef gold system.
More about Everest Metals Corporation Limited
Everest Metals Corporation Ltd (ASX: EMC) operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction of gold and other valuable minerals, with a market focus in Western Australia.
YTD Price Performance: 7.14%
Average Trading Volume: 232,013
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$33.57M
See more insights into EMC stock on TipRanks’ Stock Analysis page.
