Everest Metals reported exceptional rubidium grades up to 0.54% from Phase 1 drilling at the Mt Edon Critical Mineral Project.

The program, completed in May, spanned 1,266m, revealing rubidium and lithium deposits over a 550m stretch within the 1.2km pegmatite corridor.

CEO Mark Caruso highlighted the project's high-grade potential and strategic location near Paynes Find alongside the Great Northern Highway.

Drilling highlights include hole MD-45, which intercepted 90m at 0.32% Rb2O, and hole MD-49 with 8m at 1% Li2O.

A maiden JORC mineral resource estimate is expected by early August, with further drilling planned to expand existing resources.