Everest Metals (ASX:EMC) has been awarded a co-funded drilling grant for its Mt Dimer Gold Project in Western Australia, which will reimburse up to 50% of direct drilling costs, capped at $90,000.
The funding will support a program of reverse-circulation drilling scheduled for the first half of 2026.
With the co-funding in place, Everest plans to drill a minimum of 15 reverse circulation holes to depths of up to 120m, testing several untested anomalies and advancing the project towards a discovery stage.
As Everest enters the next phase of drilling activity at Mt Dimer, the focus will shift to conversion of soil and structural anomalies into more definitive targets, and ultimately to a drilling campaign capable of delineating a mineral resource.
The grant is under Round 32 of the Exploration Incentive Scheme by the Department of Mines, Petroleum and Energy of Western Australia.
The Mt Dimer project lies approximately 150km north-west of Kalgoorlie and 120km north-east of Southern Cross, in a region hosting orogenic and BIF-style gold mineralisation.
Everest Metals is a mineral explorer and developer focused on critical minerals and gold resources primarily located in Western Australia.
This content was created with AI assistance and human editing.
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Images: Everest Metals
