EverGold Minerals Reports Record High-Grade Gold Intercept at Duchess of York in Maiden 2026 RC Drilling Program

Duchess of York Achieves Record-Breaking Gold Intercepts Across Extensive Mineralised Zones

EverGold Minerals’ maiden 2026 RC drilling program at the Duchess of York Prospect has yielded outstanding gold mineralisation results, marking the company’s most active exploration campaign to date. Managed by K-Drill, approximately 2,800 metres of drilling was completed during the June 2026 quarter, targeting extensions of known gold mineralisation at Duchess of York and testing the emerging Gladiator Prospect along the prospective Bare Hill Shear Zone. The final assay results, released post-quarter, represent a major milestone in EverGold’s Western Australian exploration strategy.

The standout intercept returned 25 metres at 3.47 grams per tonne gold from 3 metres depth, including 1 metre at 52.7 grams per tonne gold from 9 metres — the highest-grade intercept ever recorded at Duchess of York. Additional significant intersections include 22 metres at 1.80 g/t Au from 59 metres (with 8 metres at 3.38 g/t Au), 14 metres at 1.24 g/t Au from 59 metres (including 5 metres at 1.58 g/t Au), and 13 metres at 1.17 g/t Au from 3 metres (including 2 metres at 2.16 g/t Au). These results confirm both broad mineralised zones and high-grade intervals, reinforcing confidence in the gold system.

Refined Geological Model: Duchess of York Identified as Broader, Flatter-Lying Gold System

The drilling program has notably enhanced EverGold’s understanding of the Duchess of York gold system, now interpreted as broader and flatter-lying than previously thought. Geological analysis associates the gold mineralisation with sulphide-bearing quartz veins containing pyrite, arsenopyrite, galena, and sphalerite. This mineralogy aligns with structurally controlled orogenic gold systems typical of the wider Mt Monger district, supporting the company’s geological framework.

This revised interpretation has significant implications for exploration planning, as mineralisation remains open along strike and at depth, justifying ongoing drilling. The initial success of the maiden RC program has led to the launch of a Phase 2 RC drilling campaign at Duchess of York, aimed at delineating the full extent of mineralisation and testing structural continuity of gold-bearing zones.

Gladiator Prospect Emerges as Promising Target Supporting Intrusive-Related Gold Model

The maiden 2026 drilling also tested the newly identified Gladiator Prospect, expanding EverGold’s exploration focus within Mt Monger. Initial drilling confirmed gold mineralisation at depth, supporting the interpretation of a larger intrusive-related gold system within the project. Gladiator features a coherent gold-in-soil anomaly extending over 800 metres and is spatially linked to a north-south gravity feature, indicating a significant mineralised system warranting further exploration.

This discovery validates EverGold’s evolving geological model and introduces a new exploration vector for Mt Monger. During the quarter, the company secured co-funding from the Western Australia Government Exploration Incentive Scheme (EIS) for a diamond drilling program to test the interpreted sanukitoid intrusive source beneath Gladiator. This government backing highlights the prospect’s potential and supports planned deeper diamond drilling to evaluate the intrusive-related mineralisation.

High-Resolution Drone Magnetic Survey Advances Structural Mapping Across Mt Monger

EverGold completed a high-resolution drone-borne magnetic survey over the Mt Monger tenure in the June 2026 quarter, delivering detailed structural imaging to refine future drill targeting. This modern survey complements traditional drilling and geochemical data. The company plans to integrate drone magnetic data with gravity, drilling, and geochemical datasets to enhance understanding of the broader mineralised system.

By combining magnetic survey results with geological information, EverGold aims to improve exploration efficiency at Mt Monger. Magnetic data is instrumental in identifying structural features, lithological contacts, and alteration zones linked to gold mineralisation. Layered with gravity data, drilling outcomes, and soil geochemistry, this approach builds a comprehensive 3D model guiding targeted exploration in upcoming quarters.

Craig's Rest Progresses Environmental Approvals with Flora, Fauna, and Hydrology Studies

At the Leonora Goldfields Project, EverGold advanced environmental baseline studies, completing terrestrial flora and fauna surveys at the Craig's Rest Prospect, a key step toward environmental approvals. The company is simultaneously pursuing resource growth and project development at Craig's Rest, acknowledging environmental approvals as critical for future advancement. Planning is underway for a hydrology study assessing groundwater and surface water to support mine planning and meet environmental requirements.

Craig's Rest hosts a JORC (2012) Inferred Mineral Resource of 48,600 ounces of gold at 1.38 g/t, contributing to the broader Leonora Goldfields Project resource inventory of 63,000 ounces. This portfolio, spanning Craig's Rest, Victor Bore, and Great Northern prospects, positions EverGold with significant exploration and development opportunities in the highly prospective Leonora Goldfields region. Planned regional soil geochemistry and high-resolution drone magnetic surveys aim to target mineralisation extensions and refine structural understanding.

Corporate Developments and Financial Position: A$4.0 Million Cash on Hand at Quarter End

During the quarter, EverGold achieved key corporate milestones with all resolutions passed at the 30 April 2026 General Meeting. Shareholders approved the Tranche 2 Placement Shares raising A$3.162 million and the share issuance for acquiring the Randwick Tenements. A Special Resolution amended the company’s Constitution to clarify a 10% issue cap on securities under Employee Incentive Schemes, reflecting strong shareholder support for capital management and strategic initiatives.

As of 30 June 2026, EverGold held A$4.0 million in cash, providing robust funding for ongoing exploration at Mt Monger and Leonora Goldfields. The capital raised through Tranche 2 Placement, combined with existing reserves, supports upcoming Phase 2 RC drilling at Duchess of York and the WA Government co-funded diamond drilling at Gladiator. This financial position highlights prudent management and strategic focus on high-potential targets.

Western Australian Gold Exploration Context: Strategic Location and Regional Geology

EverGold operates within Western Australia’s Eastern Goldfields, one of Australia’s most prolific and prospective gold regions. The Mt Monger and Leonora Goldfields Projects lie in an area with a rich history of gold production and ongoing exploration success. The district’s orogenic gold systems, characterized by structural and metamorphic features, have consistently yielded economic deposits. Mt Monger’s structurally controlled gold mineralisation aligns with the geological traits that underpin the Leonora region’s global significance.

Located in the Leonora Goldfields, EverGold benefits from established infrastructure, skilled personnel, and mining services that facilitate effective project execution. The region’s Archean granite-greenstone terranes with extensive fault and shear zones offer multiple exploration targets. EverGold’s dual focus on near-surface targets like Craig's Rest and deeper intrusive-related systems such as Gladiator demonstrates its adaptable exploration strategy across diverse geological settings.

Next Steps: Phase 2 Drilling and Resource Definition at Mt Monger

The maiden 2026 RC drilling program has laid a strong foundation for continued systematic exploration at Mt Monger. Duchess of York results reveal continuity and extension of mineralisation below previous drill depths, with the broader flatter geometry supporting downplunge drilling expansion. The decision to proceed with Phase 2 RC drilling reflects management’s confidence in the system and commitment to efficient resource delineation. The exceptional gold intercepts provide a clear vector for defining mineralisation extent and structural continuity.

At Gladiator, the WA Government’s Exploration Incentive Scheme co-funding for diamond drilling is a key catalyst to test the interpreted intrusive source at depth. Diamond drilling offers superior core recovery and geological data critical for understanding deeper mineralisation and intrusive rocks potentially sourcing the gold. Together, Phase 2 RC drilling and planned diamond drilling demonstrate a well-funded, aggressive exploration approach at Mt Monger in upcoming quarters, expected to generate substantial datasets.

Leonora Goldfields Dual Strategy: Resource Expansion and Environmental Advancement

EverGold’s Leonora Goldfields strategy employs a dual-track approach integrating resource growth with project advancement. At Craig's Rest, environmental baseline studies proceed alongside planned geochemical and geophysical surveys aimed at resource extension. This integrated method acknowledges that modern mine development requires simultaneous technical resource definition and environmental regulatory progress. Completion of flora and fauna surveys addresses a key environmental milestone, with hydrology studies planned to evaluate water resources and environmental sensitivities.

The broader Leonora Goldfields Mineral Resource inventory totals 63,000 ounces of gold across Craig's Rest, Victor Bore, and Great Northern prospects. Craig's Rest, with a JORC (2012) Inferred Resource of 48,600 ounces at 1.38 g/t gold, is the company’s most advanced prospect and the focal point for near-term advancement. EverGold’s investment in environmental studies and regional exploration underscores its commitment to developing these assets toward economic extraction, positioning the company for future opportunities as market conditions evolve.