Great Plains Metals Corp – Everlsey Project Update
Great Plains Metals Corp.
Contact: Investor Relations Wednesday, November 12, 2025
Phone (604) 684-2181 (No.2025-11-11)
Great Plains Metals Corp – Everlsey Project Update
Vancouver, BC, Canada – Wednesday, November 12, 2025 - Great Plains Metals Corp.
("GPS" or "the Company", TSX-V: GPS, Frankfurt Exchange: 8VC) is pleased to
announce that it has invested a further A$250,000 in Eversley Resources to increase its
equity stake to 37.1%. The funding will be utilized in further developing the North
Gawler Project in South Australia.
Highlights:
• GPS increases its stake from 24.4% to 37.1% in Eversley Resources
• GPS can increase its stake further by investing A$750,000 upon approval of
drilling permits
• Upcoming work program planned to advance towards drilling known
targets
• Multiple geophysical IOCG targets at shallow depth – potential district
scale
The Company has the option to further increase its stake upon the grant of drilling
permits by making an investment of A$750,000 to fund the drill program. The valuation
of this subsequent investment is to be determined at the higher of either the current
valuation (that this A$250,000 investment was made at) or an independent valuation to
be governed by the VALMIN Code.
North Gawler Project (South Australia)
The North Gawler Project (Figure 1) is a large district scale tenement package that
covers 2,584 square kilometres (granted and under application) with early-stage Iron
Oxide Copper Gold (IOCG) and ionic clay type rare earth elements (REE) exploration
opportunities. It is located in the under-explored region of the northern Gawler Craton
with major discovery potential. It is 150km NNE of Prominent Hill. Rio Tinto interpreted
the basement geology and confirmed district scale IOCG potential. Numerous IOCG
targets were identified by Rio Tinto in an area of shallow cover during the early 2000’s
but only limited follow-up exploration was completed.
The Jupiter target is ~7km long ovoid felsic pluton with surrounding iron-altered
magnetic lithologies, including remnant magnetism (figure 2). The depth to the
basement is estimated at 75 to 150 metres. In 1984, BHP drill holes intersected
basement schists around 100 metres depth with magnetite±chalcopyrite mineralisation.
The Ganymede target is an ~15x1km, NW-trending magnetic anomalous zone adjacent
to Keswick Fault with interpreted Fe metasomatism. The depth to basement is
estimated at 50 to 150 metres. It is very rare to identify shallow IOCG targets in South
Australia.
In addition to the IOCG district scale potential, there is an Ionic Clay REE prospect at
Victory. Ground spectrometer surveying and regolith grab sampling by Reedy Lagoon
Corp Ltd in 2010 identified anomalous Cu-Co-U as well anomalous REE’s. Sample
descriptions indicate that the highest grade REE samples are associated with kaolinized
saprolite at shallow depth below surface (0.1 to 0.5 metres) and indicate the potential
for ionic clay type REE mineralization. Proof of concept to establish ionic clay type REE
potential can be done inexpensively using grid based hand auger sampling and
metallurgical test work.
Exploration Work Program
The upcoming work program includes GIS data acquisition, spectral analysis for
alteration signatures; refinement of geophysical models and drill planning for priority
IOCG targets.
In addition to the work program at North Gawler Project, further work will be done to
advance the granting of the tenement at the Ashburton Project in Western Australia
including data compilation – magnetics, gravity and GIS data for modelling and targeting
with a view to plan a reconnaissance field exploration program.
Aidan Bishop, CEO, commented:
“GPS is pleased to increase its stake in Eversley Resources and we plan to advance
our position further as the project reaches certain milestones. The geophysical
anomalies have identified clear areas of interest. The upcoming work program will seek
to further refine known drill targets where district scale IOCG potential exists at shallow
depths below cover.”
Qualified Person: The scientific and technical data contained in this news release, has
been reviewed and approved by Douglas J. Kirwin, who serves as the qualified person
(QP) under the definition of National Instrument 43-101.
Figure 1. Map showing location of Eversley’s North Gawler Project exploration tenements in
South Australia.
Figure 2. Eversley’s North Gawler Project exploration targets with reduced-to-pole (RTP)
magnetics image.
GREAT PLAINS METALS CORP.
For further information, please contact:
Peeyush Varshney
Phone: (604) 684-2181
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defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this press release.
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expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual results or
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the date the statements are made. Except as required by law, the Company undertakes no
obligation to update these forward-looking statements in the event that management’s beliefs,
estimates or opinions, or other factors, should change.
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in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.