Australia-based Everest Metals Corporation (EMC) and its partner MEGA Resources have officially begun mining operations at the Mt Dimer Taipan Gold Project in Western Australia (WA).
Located 150km north-west of Kalgoorlie, Mt Dimer Taipan has transitioned into the production phase after completing site preparations and deployment of the mining fleet.
The project is backed by a right to mine agreement with MEGA Resources, established in October 2025.
This agreement provides up to A$18.6m ($12.47m) in non-dilutive capital, allowing Everest Metals to advance the project without incurring upfront costs.
Operational cash flow will cover expenses, and any net surplus will be equally shared between Everest Metals and MEGA Resources.
The Mt Dimer Taipan project contains an inferred mineral resource of 722,000 tonnes (t) at 2.1 grams per tonne (g/t) gold, equating to 48,545oz of gold.
The project also holds 3.84g/t of silver, totalling 89,011oz of silver.
Everest Metals is planning to commence toll treatment of ore in March 2026 at a Kalgoorlie facility with a capacity of 200,000 tonnes per annum.
In August 2025, Everest Metals announced that initial exploration drilling at the Mt Dimer project confirmed further gold potential. In the same month, the company secured approval for its mining proposal and mine closure plan for the project from the WA Department of Mines, Petroleum and Exploration (DMPE), paving the way for the start of mining operations.
Everest Metals executive chairman and CEO Mark Caruso said: “In under four months from receiving final approvals we have transitioned from exploration drilling to active mining – a clear demonstration of our team’s execution capability and the strength of our MEGA partnership. With mining now under way and toll-treatment on the horizon, Mt Dimer is perfectly positioned to deliver near-term cash flow in a very strong gold market.”
Everest Metals acquired the mining lease for Mt Dimer, which has a history of exploration activities dating back to 1992, in 2020. The project also includes an exploration tenement adjoining the main lease to the west.
