Everest Metals Corporation Ltd (ASX:EMC) Commences Gold Recovery at Revere Reef Project
Operational Achievements
Everest Metals Corporation Ltd (ASX:EMC) has commenced gold recovery at its Revere Reef Project in Western Australia. The on-site Gekko Gravity Gold Processing Plant reached a capacity of 10 tonnes per hour, processing 1,700 tonnes of stockpiled material by January 2025 to produce approximately 1.4 tonnes of gold concentrate.
Bulk Sampling Progress
The produced concentrate is undergoing secondary processing in Perth and will be refined at the Perth Mint to confirm purity. Results from this refinement will support the upcoming mining study. The bulk sampling program is projected to conclude by Q2 2025, enhancing the understanding of the Revere Reef’s gold mineralisation.
Executive Comments
“This phase of our bulk sampling program at Revere has been a major achievement for EMC, not only in helping us to better understand the mineralisation style, grade and geology; but also allowing us to extract gold using our Gekko processing plant onsite. With further processing of this material in Perth, we have had the benefit of gold extraction at a time of record high gold prices. This generates cash flow to support ongoing activities throughout our portfolio.” – Mark Caruso, Executive Chairman and CEO
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
