Everest Metals Acquires Tenement to Add to Western Australia Gold Project

MT Newswires Live

2025/10/08

Everest Metals (ASX:EMC) acquired the exploration licence E51/2088 at its Revere gold project in Western Australia, according to a Wednesday Australian bourse filing.

It acquired the tenement from Angelo Michael Levissianos for a net cash consideration of AU$60,000 and 2 million ordinary shares of the firm at AU$0.105 apiece.

It also granted permission to extract up to 1,000 tonnes from surface to 10 meters under the current program of work within the next 12 months, expiring Oct. 6, 2026.

The firm completed an aircore drilling program in the June quarter, intersecting multiple narrow zones of gold mineralization within the tenement.

Its shares jumped 4% on market close.

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