Breakthrough in rubidium recovery

Everest Metals Corporation (ASX:EMC) has announced a major milestone in its Mt Edon Critical Mineral Project in Western Australia. The company achieved a remarkable 91% recovery rate of rubidium during its Phase 2 processing program. This success is attributed to their strategic collaboration with Edith Cowan University's Mineral Recovery Research Centre. EMC is now preparing to develop a pilot-scale plant by 2025, leveraging these promising outcomes.

Everest Metals Corporation's strategic outlook

Everest Metals Corporation has made significant progress in rubidium recovery at its Mt Edon project, achieving a 91% recovery rate thanks to advanced extraction techniques. The company plans to develop a pilot-scale plant in 2025, supported by the promising results. EMC is also working on patent applications to secure intellectual property rights for their unique processes. Scoping studies and engineering assessments are underway to evaluate the techno-economic aspects of the project. The demand for rubidium in high-tech industries underscores its strategic value. EMC is committed to sustainable and economically viable extraction methods, aiming to be a leader in the critical minerals sector. Moving forward, the company will focus on expanding its resource base and pursuing commercial opportunities.

Insights from the executive team

The successful rubidium recovery demonstrates the potential of our advanced extraction methods. We are focused on securing intellectual property rights and advancing our pilot plant development. This aligns perfectly with our strategy to become a leading provider of critical minerals for high-tech applications.