# A 12-Million-Tonne Sulfide Mill Now Leads the Gabbs Plan From Year 3

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/a-12-million-tonne-sulfide-mill-now-leads-the-gabbs-plan-from-year-3--06600ed7-c1c8-4968-87d6-2b145f2b66e6

Original source: https://www.cruxinvestor.com/posts/a-12-million-tonne-sulfide-mill-now-leads-the-gabbs-plan-from-year-3

Publisher: cruxinvestor

Original announcement: 2026-10-07T00:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-07T18:11:23.974Z

Atlas analysis updated: 2026-10-07T18:11:23.974Z

- Company: P2 Gold

- Ticker: PGLD

- Exchange: Unavailable

- Region: Nevada

- Primary commodity: Gold

- Secondary commodities: Copper, Silver

- Document categories: Other, Metallurgy

- Extracted: 2026-10-07 18:11:24 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

P2 Gold has revised its Gabbs feasibility study to prioritize a 12 million tonne per year sulfide mill starting in year 3, replacing the previous heap-leach-heavy strategy. This shift aims to capture higher gold and copper recoveries from sulfide mineralization identified through recent drilling.

Reasoning: The document details a major revision to the Gabbs feasibility study, pivoting from a heap-leach-dominant plan to a large-scale sulfide mill-led plan, which significantly improves projected metal recoveries and throughput.

- Positive factor: Significant increase in mill throughput from 5 Mtpa to 12 Mtpa

- Positive factor: Higher estimated gold recovery \(94.5% vs 85%\) by shifting focus to sulfide milling

- Positive factor: Improved copper recovery \(79.9% vs 67%\) via mill route

- Positive factor: Defined new higher-grade gold-copper corridor at Lucky Strike

- Negative factor: Feasibility study is still in progress \(due Q1 2027\)

- Negative factor: Metallurgical test work \(locked-cycle flotation\) is still ongoing

Facts used in scoring: 4

## Classification and evidence

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: The revised plan centers on a 12 Mtpa sulfide mill using flotation.

Evidence · text

> The FS will now proceed with a mill that starts up in year 3

**Heap Leach Route**

Polarity: neutral

Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: The plan includes a heap leach for oxide ore in parallel with the mill.

Evidence · text

> alongside a heap leach that scales back once the mill is running

**Multi-Domain Tested**

Polarity: positive

Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed.

Why it applies: 2 distinct composites were tested

## Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

## Metallurgical Results (4)

### flotation

[Link to this fact](https://atlas-staging.minestarters.com/news/a-12-million-tonne-sulfide-mill-now-leads-the-gabbs-plan-from-year-3--06600ed7-c1c8-4968-87d6-2b145f2b66e6#fact-metallurgical-facts-0)

Gabbs · gold

#### Identity

- Project: Gabbs
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: PGLD

#### Test Work

- Program Status: optimization
- Test Type: flotation
- Processing Route: flotation
- Sample: sulfide mineralization milling

#### Recovery

- Recovery: 94.5 %
- Recovery Basis: unspecified

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-07T00:00:00.000Z

Reasoning: 94.5% gold recovery is strong for a mill route.

- Positive factor: High recovery rate for sulfide ore

Evidence · text

> Milling the sulfide mineralization is estimated to recover 94.5% of the gold

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

### flotation

[Link to this fact](https://atlas-staging.minestarters.com/news/a-12-million-tonne-sulfide-mill-now-leads-the-gabbs-plan-from-year-3--06600ed7-c1c8-4968-87d6-2b145f2b66e6#fact-metallurgical-facts-1)

Gabbs · copper

#### Identity

- Project: Gabbs
- Commodity: copper
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: PGLD

#### Test Work

- Program Status: optimization
- Test Type: flotation
- Processing Route: flotation
- Sample: sulfide mineralization milling

#### Recovery

- Recovery: 79.9 %
- Recovery Basis: unspecified

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-07T00:00:00.000Z

Reasoning: 79.9% copper recovery via flotation is a solid estimate for sulfide ore.

- Positive factor: Significant improvement over heap leach copper recovery

Evidence · text

> and 79.9% of the copper

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

**Low Recovery**

Polarity: negative

Definition: Recovery below the weak band for the commodity and processing route.

Why it applies: 79.9% is below the weak band \(80%\)

### heap\_leach

[Link to this fact](https://atlas-staging.minestarters.com/news/a-12-million-tonne-sulfide-mill-now-leads-the-gabbs-plan-from-year-3--06600ed7-c1c8-4968-87d6-2b145f2b66e6#fact-metallurgical-facts-2)

Gabbs · gold

#### Identity

- Project: Gabbs
- Commodity: gold
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: PGLD

#### Test Work

- Program Status: optimization
- Test Type: heap\_leach
- Sample: oxide mineralization heap leaching

#### Recovery

- Recovery: 85 %
- Recovery Basis: unspecified

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-07T00:00:00.000Z

Reasoning: 85% recovery is standard for heap leach but inferior to the proposed mill route.

- Negative factor: Lower recovery compared to mill route

Evidence · text

> Heap leaching of the oxide mineralization is estimated to recover 85% of the gold

### heap\_leach

[Link to this fact](https://atlas-staging.minestarters.com/news/a-12-million-tonne-sulfide-mill-now-leads-the-gabbs-plan-from-year-3--06600ed7-c1c8-4968-87d6-2b145f2b66e6#fact-metallurgical-facts-3)

Gabbs · copper

#### Identity

- Project: Gabbs
- Commodity: copper
- Region: usa\_nv
- Reported Region: Nevada
- Ticker: PGLD

#### Test Work

- Program Status: optimization
- Test Type: heap\_leach
- Sample: oxide mineralization heap leaching

#### Recovery

- Recovery: 67 %
- Recovery Basis: unspecified

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-07T00:00:00.000Z

Reasoning: 67% recovery for copper via heap leach is on the lower end of expected ranges.

- Negative factor: Relatively low copper recovery

Evidence · text

> and 67% of the copper

#### Tags used in scoring

**Low Recovery**

Polarity: negative

Definition: Recovery below the weak band for the commodity and processing route.

Why it applies: 67% is below the weak band \(80%\)

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.