GPS Commences Drilling Program at Everton, Victoria
Great Plains Metals Corp.
Contact: Investor Relations March 2nd, 2026
Phone (604) 684-2181 (No.2026-03-04)
GPS Commences Drilling Program at Everton, Victoria
Vancouver, BC, Canada - Monday, March 2nd, 2026 - Great Plains Metals Corp. ("GPS" or
"the Company", TSX-V: GPS, Frankfurt Exchange: 8VC) is pleased to provide an update
regarding the drilling program at the Everton Project in Victoria (Figure 1).
Highlights:
● Re-evaluation of legacy data including mine records, identified walk-up drill
targets at the former Everton Molybdenum mine.
● Recent detailed geological mapping identified previously unrecognized
cupolas with textures typical of those observed in Pencil Porphyries.
● Landowner access agreements were finalized late in 2025 and diamond
drilling has commenced to evaluate outcropping molybdenum
mineralization.
Re-evaluation of legacy mining records and exploration conducted during the 1970’s data
has identified a number of walk-up drill targets within the former open cut workings at
historic Everton molybdenite mine which are interpreted to represent the uppermost
section of a mineralized pencil porphyry system. Previous mining was centered on two
cupolas with distinctive unidirectional solidification textures (USTs) with disseminated
molybdenite mineralization observed in outcrops and at the mine dumps (Figure 2). A first
pass shallow diamond drill campaign comprising a minimum of five holes has
commenced, and further updates will be provided as the drilling progresses. Assays are
anticipated to be received in Q2.
The Everton Molybdenum Mine
Approximately 20,000T @ 1.4% Mo was mined at Everton during the period 1918-1926
from open cut and shallow underground workings Only limited previous exploration has
been conducted since that time, mostly 40 years ago. It was also Australia’s highest-
grade molybdenum mine. Everton is strategically located at the southern extension of the
Lachlan Fold Belt where numerous porphyry-related deposits are currently being actively
explored.
Molybdenum (Mo), is a silver-grey transition metal renowned for having one of the highest
melting points of any element. Because it resists softening or expanding at extreme
temperatures, it is classified as a refractory metal and is indispensable in high-stress
industrial applications. It is also one of the critical elements and is currently trading around
US$27 per pound.
Aidan Bishop, CEO, commented:
“The presence of rocks displaying unidirectional solidification textures (USTs) indicates
the tops of unrecognized pencil porphyries (figure 2). The exciting aspect about Everton
is that the pencil porphyries are exposed at the surface (figure 3). Others may be present
nearby under cover. The focus of the current drill program will be to delineate the
geometry and size of the system and determine the intensity of mineralization. The
Everton project is a great example of the Company’s rapid discovery model for low-cost
exploration across a portfolio of drill ready projects”
Figure 1. GPS Project Portfolio Map. Location of the Everton project, Victoria
Figure 2. UST’s with quartz-molybdenite hosted in silicified monzonite diorite porphyry, Everton mine
dump samples
Figure 3 Outcropping molybdenite-bearing pencil porphyries, Everton, Victoria
Qualified Person: The scientific and technical data contained in this news release, has
been reviewed and approved by Douglas Kirwin, who serves as the qualified person (QP)
under the definition of National Instrument 43-101.
GREAT PLAINS METALS CORP.
For further information, please contact:
Peeyush Varshney Phone: (604) 684-2181
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