Everest Metals Corporation (ASX: EMC) is continuing mining activities at the Mt Dimer Taipan Gold project in Western Australia, including mining, grade control drilling and run-of-mine (ROM) stockpiling.

The project is located 150km northwest of Kalgoorlie and 120km northeast of Southern Cross in the Eastern Goldfields region, one of Australia's most prolific gold-producing belts and home to numerous operating mines and processing facilities.

Chief executive Mark Caruso said Mt Dimer is an important part of EMC's strategy to move toward near-term gold production through a low-capex toll-treatment mining model. Toll processing arrangements allow junior miners to monetise ore without committing to the substantial capital expenditure and lead times associated with building a standalone processing plant.

"The EMC team, together with MEGA, has continued to advance mining activities at Mt Dimer, with ROM stockpiling of ore," Mr Caruso said.

"Grade control drilling is ongoing, allowing a better understanding of total recoverable ounces from the current operation and expanding the known resource to underpin a potential phase two mining pit.

"The Right to Mine Agreement with MEGA has enabled us to accelerate development activities at Mt Dimer and positions the company to pursue near-term positive cash flow generation subject to gold price."

MEGA began site preparation for open-pit operations in November 2025, with first ore extraction achieved in January CY26. Initial blasts and free-dig activities enabled the removal of waste material and supported the stockpiling of more than 130,000 tonnes of material on the ROM pad awaiting toll processing.

Current mining and grade control work is being carried out alongside ongoing resource growth drilling, with EMC seeking to advance both near-term production objectives and longer-term resource expansion at Mt Dimer. The company has not yet reported updated resource figures from this current drilling campaign.

ROM material from Mt Dimer is scheduled to be processed under a 200,000-tonne toll-processing agreement at Medallion Metals' Cosmic Bay processing facility, which is located about 350km from the Mt Dimer operation. Processing is scheduled to begin in late September CY26.

Mr Caruso said finalising the toll-treatment agreement completes a key commercial deliverable for the company and supports the pathway to extracting value from the Mt Dimer project for shareholders.

Mineralisation remains open along the northern strike, creating an opportunity to add gold and silver ounces through targeted follow-up drilling.

The Mt Dimer mining lease has had an exploration history dating back to 1992. EMC acquired the project in 2020, including exploration tenement E77/2383 to the west of M77/515, creating a consolidated land package with strong synergies.

In 2021, EMC announced a maiden inferred mineral resource estimate for the project of 722,000 tonnes at 2.10 grams per tonne (g/t) for 48,545 ounces of gold and 3.84 g/t for 89,011 ounces of silver.

EMC was steady at 12¢ with a market capitalisation of $32.36 million prior to the market open.