MPK: Annual Report - 30 June 2026
Original announcement by asx on
- Company
- Many Peaks Minerals Limited
- Ticker
- MPK
- Exchange
- ASX
- Region
- Côte d’Ivoire
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Drill results, Resource update, Metallurgy
- Extracted
- 2026-09-22 07:09:53 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Many Peaks Minerals Limited's annual report for 30 June 2026 details a transformational year, highlighted by a maiden JORC-compliant Mineral Resource Estimate for the Ouarigue prospect at its Ferké Gold Project in Côte d’Ivoire, totaling 1.32 million ounces of gold at 1.54 g/t. The report also showcases extensive drilling with high-grade intercepts and positive preliminary metallurgical testwork, alongside successful equity placements that significantly strengthened the company's financial position for continued exploration and development.
Reasoning: The company reported a significant maiden gold resource, strong drill results indicating expansion potential, and positive preliminary metallurgical testwork, all supported by successful capital raises and a healthy cash position, marking a transformational year.
Positive factors
- Maiden JORC-compliant Mineral Resource Estimate establishes a significant gold resource
- High percentage of Measured and Indicated categories in the MRE (83%) indicates strong geological confidence
- Several high-grade drill intercepts, including bonanza grades, demonstrate strong mineralization
- Drilling indicates potential for resource expansion along strike and at depth
- Positive preliminary metallurgical testwork shows high gold recovery and non-refractory ore characteristics
- Successful equity placements significantly strengthened the company's balance sheet for continued development
Negative factors
- Metallurgical testwork is preliminary (bottle-roll only), requiring further validation at larger scale
- Geopolitical risks associated with operating in Côte d’Ivoire, though managed by the company
Facts used in scoring: 20
Classification and evidence
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The Mineral Resource Estimate includes a 'Measured' category of 8.2Mt at 1.50g/t gold for 398,000oz.
Evidence · table
“Measured”
Context: Measured
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The Mineral Resource Estimate includes an 'Indicated' category of 14.9Mt at 1.46g/t gold for 700,000oz.
Evidence · table
“Indicated”
Context: Indicated
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: Approximately 83% of the contained gold in the maiden MRE is classified in the higher-confidence Measured and Indicated categories, indicating strong confidence.
Evidence · text
“approximately 83% of the contained gold is classified in the higher-confidence Measured and Indicated categories”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The Ouarigue Mineral Resource Estimate information is compiled or reviewed by Mr Alex Lukomskyj, a Member of AusIMM and AIG, who is a Competent Person as defined by JORC Code 2012.
Evidence · text
“The information in this report that relates to the Ouarigue Mineral Resource Estimate information is based on and fairly represents information compiled or reviewed by Mr Alex Lukomskyj, who is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM) and the AIG.”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The maiden MRE is reported in accordance with the JORC Code 2012.
Evidence · text
“As reported in accordance with the JORC Code 2012”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The MRE is constrained by a 0.38 g/t Au lower cut-off.
Evidence · text
“0.38 g/t Au lower cut-off”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The company announced a maiden independent Mineral Resource Estimate for the Ouarigue prospect.
Evidence · text
“Maiden Ouarigue Mineral Resource Estimate”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: Drill hole FNDC052 returned 7.07m at 52.9g/t gold, which is an exceptionally high grade.
Evidence · text
“7.07m at 52.9g/t gold”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Drilling results continue to demonstrate opportunities to expand the resource both along strike and at depth.
Evidence · text
“opportunities remaining to expand the resource both along strike and at depth”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The report includes a Competent Person Statement for Exploration Results, signed by Mr Travis Schwertfeger.
Evidence · text
“The information in this report that relates to Exploration Results is based on information compiled by Mr Travis Schwertfeger”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Preliminary metallurgical bottle-roll testing returned an average 94% gold recovery, which is strong for gold processing.
Evidence · text
“returned an average 94% gold recovery”
Free Millingpositive
Simple, clean ore amenable to standard processing without oxidation.
Why it applies: The gold mineralisation is demonstrated to be non-refractory and amenable to lower-cost cyanide leach processing.
Evidence · text
“non-refractory and amenable to lower-cost cyanide leach processing”
Bench Scale Onlynegative
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: The metallurgical testwork reported is 'Preliminary metallurgical bottle-roll testing', indicating it is at a bench scale.
Evidence · text
“Preliminary metallurgical bottle-roll testing”
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 20. Some facts used in scoring do not have a stored record.
Drill Results (16)
FNDC021Ferké · goldGrade: 4.13Grade Unit: g/tIntercept: 107 mView all detailsHide details
Identity
- Hole ID
- FNDC021
- Project
- Ferké
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- côte d’ivoire
- Ticker
- MPK
Geometry
- Grade
- 4.13
- Grade Unit
- g/t
- Intercept
- 107 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- open_pit
Location
- Location
- Ouarigue prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This wide intercept with a strong grade-width product demonstrates significant gold mineralization, contributing positively to the project's potential.
Positive factors
- Strong grade-width product (441.91 g/t*m) indicates significant mineralization
- Wide intercept suggests bulk tonnage potential
- Grade is above the project average
Evidence · text
“107m at 4.13g/t gold”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: the release describes refractory metallurgy
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "At the recently acquired Baga Gold Project, in which Many Peaks now holds a 100% interest, the Company also completed 10"
FNDC021Ferké · goldGrade: 8.58Grade Unit: g/tIntercept: 45 mView all detailsHide details
Identity
- Hole ID
- FNDC021
- Project
- Ferké
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- côte d’ivoire
- Ticker
- MPK
Geometry
- Grade
- 8.58
- Grade Unit
- g/t
- Intercept
- 45 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- open_pit
Location
- Location
- Ouarigue prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This high-grade sub-interval within a wider intercept indicates a very rich zone of mineralization, significantly boosting the project's prospectivity.
Positive factors
- High-grade sub-interval significantly enhances the overall intercept value
- Grade is well above the project average and 75th percentile for orogenic gold
- Strong grade-width product (386.1 g/t*m)
Evidence · text
“45m at 8.58g/t gold”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: the release describes refractory metallurgy
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "At the recently acquired Baga Gold Project, in which Many Peaks now holds a 100% interest, the Company also completed 10"
FNDC052Ferké · goldGrade: 6.11Grade Unit: g/tIntercept: 75 mView all detailsHide details
Identity
- Hole ID
- FNDC052
- Project
- Ferké
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- côte d’ivoire
- Ticker
- MPK
Geometry
- Grade
- 6.11
- Grade Unit
- g/t
- Intercept
- 75 m
- From
- 427 m
- To
- 502 m
- Intercept Depth
- 427 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNDC052:427-502
- Mining Method
- open_pit
Location
- Location
- Ouarigue prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This wide, high-grade intercept at depth demonstrates the significant scale and continuity of the gold mineralization, exceeding project averages.
Positive factors
- Strong grade-width product (458.25 g/t*m) indicates significant mineralization
- Wide intercept at depth suggests continuity of mineralization
- Grade is above the project average and 75th percentile for orogenic gold
Evidence · text
“75.0m at 6.11g/t gold from 427.0m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: the release describes refractory metallurgy
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "At the recently acquired Baga Gold Project, in which Many Peaks now holds a 100% interest, the Company also completed 10"
FNDC052Ferké · goldGrade: 52.9Grade Unit: g/tIntercept: 7.07 mView all detailsHide details
Identity
- Hole ID
- FNDC052
- Project
- Ferké
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- côte d’ivoire
- Ticker
- MPK
Geometry
- Grade
- 52.9
- Grade Unit
- g/t
- Intercept
- 7.07 m
- From
- 427 m
- To
- 434.07 m
- Intercept Depth
- 427 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNDC052:427-434.07
- Mining Method
- open_pit
Location
- Location
- Ouarigue prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This bonanza-grade sub-interval is an exceptional result, demonstrating very high-grade mineralization and significantly enhancing the project's potential.
Positive factors
- Exceptional bonanza grade significantly exceeds project and peer averages
- Highest grade reported for the project, indicating very rich zones
- Strong grade-width product (374.08 g/t*m)
Evidence · text
“7.07m at 52.9g/t gold”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: the release describes refractory metallurgy
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "At the recently acquired Baga Gold Project, in which Many Peaks now holds a 100% interest, the Company also completed 10"
FNDC067Ferké · goldGrade: 3.01Grade Unit: g/tIntercept: 84.8 mView all detailsHide details
Identity
- Hole ID
- FNDC067
- Project
- Ferké
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- côte d’ivoire
- Ticker
- MPK
Geometry
- Grade
- 3.01
- Grade Unit
- g/t
- Intercept
- 84.8 m
- From
- 295.8 m
- To
- 380.6 m
- Intercept Depth
- 295.8 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNDC067:295.8-380.6
- Mining Method
- open_pit
Location
- Location
- Ouarigue prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This wide intercept confirms mineralization continuity, though at a grade below the project average, it remains material for bulk tonnage potential.
Positive factors
- Wide intercept indicates significant mineralization continuity
- Grade is moderate for an open-pit scenario
Negative factors
- Grade is below the project average and 75th percentile for orogenic gold
Evidence · text
“84.8m at 3.01g/t gold from 295.8m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: the release describes refractory metallurgy
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "At the recently acquired Baga Gold Project, in which Many Peaks now holds a 100% interest, the Company also completed 10"
FNDM013Ferké · goldGrade: 2.28Grade Unit: g/tIntercept: 105 mView all detailsHide details
Identity
- Hole ID
- FNDM013
- Project
- Ferké
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- côte d’ivoire
- Ticker
- MPK
Geometry
- Grade
- 2.28
- Grade Unit
- g/t
- Intercept
- 105 m
- From
- 28 m
- To
- 133 m
- Intercept Depth
- 28 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNDM013:28-133
- Mining Method
- open_pit
Location
- Location
- Ouarigue prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This very wide, near-surface intercept confirms significant mineralization, providing bulk tonnage potential despite a grade below the project average.
Positive factors
- Very wide intercept near surface indicates significant mineralization
- Grade is moderate for an open-pit scenario
Negative factors
- Grade is below the project average and 75th percentile for orogenic gold
Evidence · text
“105m at 2.28g/t gold from 28m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: the release describes refractory metallurgy
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "At the recently acquired Baga Gold Project, in which Many Peaks now holds a 100% interest, the Company also completed 10"
FNDM013Ferké · goldGrade: 26.9Grade Unit: g/tIntercept: 2 mView all detailsHide details
Identity
- Hole ID
- FNDM013
- Project
- Ferké
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- côte d’ivoire
- Ticker
- MPK
Geometry
- Grade
- 26.9
- Grade Unit
- g/t
- Intercept
- 2 m
- From
- 28 m
- To
- 30 m
- Intercept Depth
- 28 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNDM013:28-30
- Mining Method
- open_pit
Location
- Location
- Ouarigue prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This very high-grade but narrow sub-interval highlights the presence of bonanza-grade mineralization, contributing positively to the project's overall prospectivity.
Positive factors
- Very high-grade sub-interval significantly exceeds project and peer averages
- Indicates presence of bonanza-grade zones within the wider mineralization
Negative factors
- Narrow width limits overall contained metal contribution
Evidence · text
“2m at 26.9g/t gold”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: the release describes refractory metallurgy
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "At the recently acquired Baga Gold Project, in which Many Peaks now holds a 100% interest, the Company also completed 10"
FNDM013Ferké · goldGrade: 17.8Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- FNDM013
- Project
- Ferké
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- côte d’ivoire
- Ticker
- MPK
Geometry
- Grade
- 17.8
- Grade Unit
- g/t
- Intercept
- 3 m
- From
- 28 m
- To
- 31 m
- Intercept Depth
- 28 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNDM013:28-31
- Mining Method
- open_pit
Location
- Location
- Ouarigue prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This high-grade but narrow sub-interval highlights the presence of bonanza-grade mineralization, contributing positively to the project's overall prospectivity.
Positive factors
- High-grade sub-interval significantly exceeds project and peer averages
- Indicates presence of bonanza-grade zones within the wider mineralization
Negative factors
- Narrow width limits overall contained metal contribution
Evidence · text
“3m at 17.8g/t gold”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: the release describes refractory metallurgy
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "At the recently acquired Baga Gold Project, in which Many Peaks now holds a 100% interest, the Company also completed 10"
FNDC101Ferké · goldGrade: 2.52Grade Unit: g/tIntercept: 106.7 mView all detailsHide details
Identity
- Hole ID
- FNDC101
- Project
- Ferké
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- côte d’ivoire
- Ticker
- MPK
Geometry
- Grade
- 2.52
- Grade Unit
- g/t
- Intercept
- 106.7 m
- From
- 154.75 m
- To
- 261.45 m
- Intercept Depth
- 154.75 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNDC101:154.75-261.45
- Mining Method
- open_pit
Location
- Location
- Ouarigue prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This very wide intercept confirms mineralization continuity, though at a grade below the project average, it remains material for bulk tonnage potential.
Positive factors
- Very wide intercept indicates significant mineralization continuity
- Grade is moderate for an open-pit scenario
Negative factors
- Grade is below the project average and 75th percentile for orogenic gold
Evidence · text
“106.7m at 2.52g/t gold from 154.75m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: the release describes refractory metallurgy
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "At the recently acquired Baga Gold Project, in which Many Peaks now holds a 100% interest, the Company also completed 10"
FNDC101Ferké · goldGrade: 8.21Grade Unit: g/tIntercept: 17.95 mView all detailsHide details
Identity
- Hole ID
- FNDC101
- Project
- Ferké
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- côte d’ivoire
- Ticker
- MPK
Geometry
- Grade
- 8.21
- Grade Unit
- g/t
- Intercept
- 17.95 m
- From
- 154.75 m
- To
- 172.7 m
- Intercept Depth
- 154.75 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNDC101:154.75-172.7
- Mining Method
- open_pit
Location
- Location
- Ouarigue prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This high-grade sub-interval within a wider intercept indicates a rich zone of mineralization, significantly boosting the project's prospectivity.
Positive factors
- High-grade sub-interval significantly exceeds project average and 75th percentile for orogenic gold
- Strong grade-width product (147.37 g/t*m)
Evidence · text
“17.95m at 8.21g/t gold”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: the release describes refractory metallurgy
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "At the recently acquired Baga Gold Project, in which Many Peaks now holds a 100% interest, the Company also completed 10"
FNDC102Ferké · goldGrade: 2.28Grade Unit: g/tIntercept: 95 mView all detailsHide details
Identity
- Hole ID
- FNDC102
- Project
- Ferké
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- côte d’ivoire
- Ticker
- MPK
Geometry
- Grade
- 2.28
- Grade Unit
- g/t
- Intercept
- 95 m
- From
- 253 m
- To
- 348 m
- Intercept Depth
- 253 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNDC102:253-348
- Mining Method
- open_pit
Location
- Location
- Ouarigue prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This wide intercept confirms mineralization continuity, though at a grade below the project average, it remains material for bulk tonnage potential.
Positive factors
- Wide intercept indicates significant mineralization continuity
- Grade is moderate for an open-pit scenario
Negative factors
- Grade is below the project average and 75th percentile for orogenic gold
Evidence · text
“95.0m at 2.28g/t gold from 253m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: the release describes refractory metallurgy
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "At the recently acquired Baga Gold Project, in which Many Peaks now holds a 100% interest, the Company also completed 10"
FNDC102Ferké · goldGrade: 9.29Grade Unit: g/tIntercept: 8 mView all detailsHide details
Identity
- Hole ID
- FNDC102
- Project
- Ferké
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- côte d’ivoire
- Ticker
- MPK
Geometry
- Grade
- 9.29
- Grade Unit
- g/t
- Intercept
- 8 m
- From
- 253 m
- To
- 261 m
- Intercept Depth
- 253 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNDC102:253-261
- Mining Method
- open_pit
Location
- Location
- Ouarigue prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This high-grade sub-interval within a wider intercept indicates a rich zone of mineralization, significantly boosting the project's prospectivity.
Positive factors
- High-grade sub-interval significantly exceeds project average and 75th percentile for orogenic gold
- Strong grade-width product (74.32 g/t*m)
Evidence · text
“8.0m at 9.29g/t”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: the release describes refractory metallurgy
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "At the recently acquired Baga Gold Project, in which Many Peaks now holds a 100% interest, the Company also completed 10"
FNDC102Ferké · goldGrade: 8.83Grade Unit: g/tIntercept: 8.6 mView all detailsHide details
Identity
- Hole ID
- FNDC102
- Project
- Ferké
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- côte d’ivoire
- Ticker
- MPK
Geometry
- Grade
- 8.83
- Grade Unit
- g/t
- Intercept
- 8.6 m
- From
- 253 m
- To
- 261.6 m
- Intercept Depth
- 253 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNDC102:253-261.6
- Mining Method
- open_pit
Location
- Location
- Ouarigue prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This high-grade sub-interval within a wider intercept indicates a rich zone of mineralization, significantly boosting the project's prospectivity.
Positive factors
- High-grade sub-interval significantly exceeds project average and 75th percentile for orogenic gold
- Strong grade-width product (76.04 g/t*m)
Evidence · text
“8.6m at 8.83g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: the release describes refractory metallurgy
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "At the recently acquired Baga Gold Project, in which Many Peaks now holds a 100% interest, the Company also completed 10"
FNDC104Ferké · goldGrade: 2.69Grade Unit: g/tIntercept: 81.32 mView all detailsHide details
Identity
- Hole ID
- FNDC104
- Project
- Ferké
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- côte d’ivoire
- Ticker
- MPK
Geometry
- Grade
- 2.69
- Grade Unit
- g/t
- Intercept
- 81.32 m
- From
- 28.2 m
- To
- 109.52 m
- Intercept Depth
- 28.2 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNDC104:28.2-109.52
- Mining Method
- open_pit
Location
- Location
- Ouarigue prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This wide intercept confirms mineralization continuity, though at a grade below the project average, it remains material for bulk tonnage potential.
Positive factors
- Wide intercept indicates significant mineralization continuity
- Grade is moderate for an open-pit scenario
Negative factors
- Grade is below the project average and 75th percentile for orogenic gold
Evidence · text
“81.32m @ 2.69g/t gold from 28.2m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: the release describes refractory metallurgy
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "At the recently acquired Baga Gold Project, in which Many Peaks now holds a 100% interest, the Company also completed 10"
FNDC104Ferké · goldGrade: 11.1Grade Unit: g/tIntercept: 2.8 mView all detailsHide details
Identity
- Hole ID
- FNDC104
- Project
- Ferké
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- côte d’ivoire
- Ticker
- MPK
Geometry
- Grade
- 11.1
- Grade Unit
- g/t
- Intercept
- 2.8 m
- From
- 28.2 m
- To
- 31 m
- Intercept Depth
- 28.2 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNDC104:28.2-31
- Mining Method
- open_pit
Location
- Location
- Ouarigue prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This high-grade but narrow sub-interval highlights the presence of bonanza-grade mineralization, contributing positively to the project's overall prospectivity.
Positive factors
- High-grade sub-interval significantly exceeds project average and 75th percentile for orogenic gold
- Indicates presence of bonanza-grade zones within the wider mineralization
Negative factors
- Narrow width limits overall contained metal contribution
Evidence · text
“2.8m @ 11.1g/t”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: the release describes refractory metallurgy
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "At the recently acquired Baga Gold Project, in which Many Peaks now holds a 100% interest, the Company also completed 10"
FNDC104Ferké · goldGrade: 4.67Grade Unit: g/tIntercept: 18 mView all detailsHide details
Identity
- Hole ID
- FNDC104
- Project
- Ferké
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- côte d’ivoire
- Ticker
- MPK
Geometry
- Grade
- 4.67
- Grade Unit
- g/t
- Intercept
- 18 m
- From
- 28.2 m
- To
- 46.2 m
- Intercept Depth
- 28.2 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- FNDC104:28.2-46.2
- Mining Method
- open_pit
Location
- Location
- Ouarigue prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This strong-grade sub-interval within a wider intercept indicates a rich zone of mineralization, contributing positively to the project's overall prospectivity.
Positive factors
- Strong grade sub-interval is above the project average
- Contributes significantly to the overall intercept value
Evidence · text
“18m @ 4.67g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: the release describes refractory metallurgy
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "At the recently acquired Baga Gold Project, in which Many Peaks now holds a 100% interest, the Company also completed 10"
Resource Estimates (3)
measuredFerké Gold Project · goldTonnes: 8200000Grade: 1.5Grade Unit: g/tContained Metal: 398000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ferké Gold Project
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- Côte d’Ivoire
- Ticker
- MPK
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Alex Lukomskyj
- Resource group id
- resource:23d4e1b478f77d267cfc
- Deposit or zone
- Ouarigue prospect
- Mining method
- combined
Resource Data
- Category
- measured
- Tonnes
- 8200000
- Grade
- 1.5
- Grade Unit
- g/t
- Contained Metal
- 398000
- Contained Unit
- oz
- Cutoff Grade
- 0.38
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-20
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Measured resource provides a high-confidence foundation for the project, with a substantial amount of contained gold at a grade suitable for open-pit development.
Positive factors
- High confidence Measured category forms a strong basis for future studies
- Significant contained gold ounces in the Measured category
- Grade is strong for an open-pit scenario
Evidence · table
“8.2”
Context: Measured
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedFerké Gold Project · goldTonnes: 14900000Grade: 1.46Grade Unit: g/tContained Metal: 700000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ferké Gold Project
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- Côte d’Ivoire
- Ticker
- MPK
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Alex Lukomskyj
- Resource group id
- resource:862fac11b2233d6c7d01
- Deposit or zone
- Ouarigue prospect
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 14900000
- Grade
- 1.46
- Grade Unit
- g/t
- Contained Metal
- 700000
- Contained Unit
- oz
- Cutoff Grade
- 0.38
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-20
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated resource significantly contributes to the overall resource base with good confidence and a grade suitable for open-pit mining.
Positive factors
- Indicated category provides good geological confidence for economic studies
- Substantial contained gold ounces in the Indicated category
- Grade is strong for an open-pit scenario
Evidence · table
“14.9”
Context: Indicated
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredFerké Gold Project · goldTonnes: 3500000Grade: 2Grade Unit: g/tContained Metal: 225000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ferké Gold Project
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- Côte d’Ivoire
- Ticker
- MPK
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Alex Lukomskyj
- Resource group id
- resource:2195c8c5eac47252252e
- Deposit or zone
- Ouarigue prospect
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 3500000
- Grade
- 2
- Grade Unit
- g/t
- Contained Metal
- 225000
- Contained Unit
- oz
- Cutoff Grade
- 0.38
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-04-20
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred resource contributes to the project's overall scale, with a promising grade, but requires further drilling to improve confidence.
Positive factors
- Inferred resource adds to the overall potential of the project
- Higher grade than Measured and Indicated categories suggests potential for future upgrades
Negative factors
- Inferred category has lower geological confidence and cannot be used for economic studies alone
Evidence · table
“3.5”
Context: Inferred
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Metallurgical Results (1)
bottle rollFerké Gold Project · goldRecovery: 94 %View all detailsHide details
Identity
- Project
- Ferké Gold Project
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- Côte d’Ivoire
- Ticker
- MPK
Test Work
- Program Status
- preliminary
- Test Type
- bottle roll
- Processing Route
- cyanide leach
- Sample
- sulfide-bearing fresh rock
Recovery
- Recovery
- 94 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Preliminary metallurgical testwork shows excellent gold recovery and favorable ore characteristics, de-risking the project's processing pathway, though further testwork is needed to confirm at scale.
Positive factors
- High gold recovery (94%) is strong for the commodity and processing route
- Ore is non-refractory and amenable to lower-cost cyanide leach processing
- Supports mineral resource estimation and planned Pre-Feasibility Study
Negative factors
- Testwork is preliminary (bottle-roll only), requiring further validation at larger scale
- Testing limited to a single domain (sulfide-bearing fresh rock)
Evidence · text
“Preliminary metallurgical bottle-roll testing during the year returned an average 94% gold recovery from sulfide-bearing fresh rock, demonstrating the Ouarigue's gold mineralisation’s potential to be non-refractory and amenable to lower-cost cyanide leach processing”
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.