Further afield, the ink is drying on a binding joint venture agreement with Stelar Metals covering its large NSW land holding near Broken Hill.deal was made with Rio Tinto Exploration, a wholly-owned subsidiary of the namesake mining goliath to probe a raft of untested lithium targets at Everest’s North Rover project near Sandstone.
To earn the 80 per cent joint venture interest, Rio must conduct a minimum of 500 metres of drilling in the first two years and sole-fund $5 million in non-gold exploration. Everest retains all rights to gold at North Rover.
EMC / approved mining lease and waiting on 200+ core due any minute , Mt Edon lithium, caesium and tantalum project. The deal follows a recently completed due diligence program that yielded RC drill results of up to 1220 parts per million lithium, 3670ppm rubidium and 354ppm caesium.Everest’s first call to action under the new look board is to wrap up the deal to acquire 90 per cent ownership of the advanced Revere gold project north-east of Meekatharra in WA.
The project’s 82 square kilometre land position boasts a system of rich gold reefs known as the “Revere Reefs” averaging between 5 grams per tonne and a whopping 50 grams per tonne gold within a larger halo of lower-grade mineralisation.
Everest plans to test Revere’s surface gold potential over the next few months through an initial 36,000-tonne bulk sampling campaign along with a suite of metallurgical test work. Management says the program could permit short-term gold mining and production via a mobile gravity plant.
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