Everest Metals greenlit to mine Mt Dimer Taipan gold-silver project this year

• EMC gets approval to commence mining at its Mt Dimer Taipan gold-silver project
• Open-pit optimisation supports a small-scale mining operation
• Company is expected to commence mining activities in Q4 2025

Special Report: Everest Metals Corporation has the green light to commence mining at its Mt Dimer Taipan gold and silver project this year.

The approval from the WA Department of Mines, Petroleum and Exploration marks a key milestone in the company’s strategy to reach ‘operation-ready’ status for the project.

The initial optimisation assessment was based on the project’s inferred mineral resource of 722kt at 2.10g/t gold (48,545oz gold) and 3.84g/t silver (89,011oz silver) – and confirmed Mt Dimer’s viability for a small-scale open-pit mining operation on a toll-treatment basis.

Everest Metals Corporation (ASX:EMC) has advanced negotiations with potential partners for mining services, trucking and toll processing, and plans to kick off mining activities in Q4 2025.

Mining will occur primarily on land previously disturbed by mining and will utilise existing roads connected to Coolgardie Road.

With 8500 ounces mined over the mid 1990’s, the metallurgy and processing history is well known.

Fortunately for the company, the existing pit walls at Mt Dimer have remained stable since mining previously ceased in 1996, due to the site’s shallow weathering profile.

Once kicked off, mining will occur in day shifts over an eight month period, with ore haulage and site rehabbing to take place over an additional three months.

Potential for profit by 2026

EMC says that while a toll-processing agreement has yet to be finalised, the project could potentially be profitable as soon as 2026.

“We have now met a key project milestone in fast-tracking the Mt Dimer Taipan project, which has the potential to become a profitable mining operation in 2026,” EMC executive chairman and CEO Mark Caruso said.

“EMC greatly appreciates the ongoing cooperation and support of all stakeholders and government agencies.

“The company remains in negotiation with several parties for mining services, trucking and toll treatment, with an expectation of a final decision in the near-term.”

As well, the project’s resource remains open to the south and down dip, with strong potential to extend mineralisation along the southern strike.

EMC said this indicates significant opportunity for identifying additional gold and silver resources within the Mt Dimer Taipan project and the surrounding tenements.

Watch: Everest Metals’ drilling shows scale potential for Revere gold project

This article was developed in collaboration with Everest Metals Corporation, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.