Great Plains Metals Increases Stake in Eversley Resources
November 12, 2025 — Leads & Copy — Great Plains Metals Corp. (TSX-V: GPS, Frankfurt Exchange: 8VC) has increased its equity stake in Eversley Resources to 37.1% with an additional investment of A$250,000.
The funding will support the development of the North Gawler Project in South Australia. The company has the option to increase its stake further with an investment of A$750,000 upon approval of drilling permits.
The North Gawler Project covers 2,584 square kilometres and features Iron Oxide Copper Gold (IOCG) and ionic clay type rare earth elements (REE) exploration opportunities. The project is located in the northern Gawler Craton, an under-explored region. It is situated 150km NNE of Prominent Hill. Rio Tinto had previously identified the district scale IOCG potential.
The Jupiter target, an ovoid felsic pluton approximately 7km long, contains surrounding iron-altered magnetic lithologies, including remnant magnetism. The depth to the basement is estimated between 75 and 150 metres. In 1984, BHP drill holes intersected basement schists around 100 metres depth with magnetite±chalcopyrite mineralization.
The Ganymede target is an anomalous magnetic zone adjacent to Keswick Fault, measuring approximately 15x1km and trending NW. It is interpreted to have Fe metasomatism and an estimated depth to basement between 50 and 150 metres.
The Victory prospect features Ionic Clay REE. Ground spectrometer surveying and regolith grab sampling by Reedy Lagoon Corp Ltd in 2010 identified anomalous Cu-Co-U as well anomalous REE’s. The highest grade REE samples are associated with kaolinized saprolite at shallow depth below the surface (0.1 to 0.5 metres) indicating potential for ionic clay type REE mineralization.
The upcoming work program includes GIS data acquisition, spectral analysis for alteration signatures, refinement of geophysical models and drill planning for priority IOCG targets. Further work will be done to advance the granting of the tenement at the Ashburton Project in Western Australia including data compilation of magnetics, gravity and GIS data for modeling and targeting with a view to plan a reconnaissance field exploration program.
Aidan Bishop, CEO, commented that GPS is pleased to increase its stake in Eversley Resources and plans to advance its position further as the project reaches milestones. He added that the upcoming work program will seek to further refine known drill targets where IOCG potential exists at shallow depths.
Douglas J. Kirwin, a qualified person (QP) under National Instrument 43-101, has reviewed and approved the scientific and technical data in this release.
Peeyush Varshney
Phone: (604) 684-2181
Source: Great Plains Metals Corp.
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