# MPK: Annual Report - 30 June 2026 Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03142271 Publisher: asx Original announcement: 2026-09-22T06:12:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-22T07:09:52.277Z Atlas analysis updated: 2026-09-22T07:09:52.277Z - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Maiden JORC-compliant Mineral Resource Estimate establishes a significant gold resource - Positive factor: High percentage of Measured and Indicated categories in the MRE \(83%\) indicates strong geological confidence - Positive factor: Several high-grade drill intercepts, including bonanza grades, demonstrate strong mineralization - Positive factor: Drilling indicates potential for resource expansion along strike and at depth - Positive factor: Positive preliminary metallurgical testwork shows high gold recovery and non-refractory ore characteristics - Positive factor: Successful equity placements significantly strengthened the company's balance sheet for continued development - Negative factor: Metallurgical testwork is preliminary \(bottle-roll only\), requiring further validation at larger scale - Negative factor: Geopolitical risks associated with operating in Côte d’Ivoire, though managed by the company Facts used in scoring: 20 ## Classification and evidence **Measured Resource** Polarity: positive Definition: 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 Resource** Polarity: positive Definition: 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 Upgrade** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: 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 Resource** Polarity: neutral Definition: 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 Intercept** Polarity: positive Definition: 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 Extension** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: 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 Recovery** Polarity: positive Definition: 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 Milling** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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 Only** Polarity: negative Definition: 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) ### FNDC021 [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-drill-facts-3) Ferké · gold #### 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 factor: Strong grade-width product \(441.91 g/t\*m\) indicates significant mineralization - Positive factor: Wide intercept suggests bulk tonnage potential - Positive factor: Grade is above the project average Evidence · text > 107m at 4.13g/t gold #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: 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" ### FNDC021 [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-drill-facts-4) Ferké · gold #### 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 factor: High-grade sub-interval significantly enhances the overall intercept value - Positive factor: Grade is well above the project average and 75th percentile for orogenic gold - Positive factor: Strong grade-width product \(386.1 g/t\*m\) Evidence · text > 45m at 8.58g/t gold #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: 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" ### FNDC052 [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-drill-facts-5) Ferké · gold #### 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 factor: Strong grade-width product \(458.25 g/t\*m\) indicates significant mineralization - Positive factor: Wide intercept at depth suggests continuity of mineralization - Positive factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: 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" ### FNDC052 [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-drill-facts-6) Ferké · gold #### 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 factor: Exceptional bonanza grade significantly exceeds project and peer averages - Positive factor: Highest grade reported for the project, indicating very rich zones - Positive factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: 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" ### FNDC067 [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-drill-facts-7) Ferké · gold #### 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 factor: Wide intercept indicates significant mineralization continuity - Positive factor: Grade is moderate for an open-pit scenario - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: 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" ### FNDM013 [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-drill-facts-8) Ferké · gold #### 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 factor: Very wide intercept near surface indicates significant mineralization - Positive factor: Grade is moderate for an open-pit scenario - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: 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" ### FNDM013 [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-drill-facts-9) Ferké · gold #### 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 factor: Very high-grade sub-interval significantly exceeds project and peer averages - Positive factor: Indicates presence of bonanza-grade zones within the wider mineralization - Negative factor: Narrow width limits overall contained metal contribution Evidence · text > 2m at 26.9g/t gold #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: 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" ### FNDM013 [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-drill-facts-10) Ferké · gold #### 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 factor: High-grade sub-interval significantly exceeds project and peer averages - Positive factor: Indicates presence of bonanza-grade zones within the wider mineralization - Negative factor: Narrow width limits overall contained metal contribution Evidence · text > 3m at 17.8g/t gold #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: 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" ### FNDC101 [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-drill-facts-11) Ferké · gold #### 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 factor: Very wide intercept indicates significant mineralization continuity - Positive factor: Grade is moderate for an open-pit scenario - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: 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" ### FNDC101 [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-drill-facts-12) Ferké · gold #### 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 factor: High-grade sub-interval significantly exceeds project average and 75th percentile for orogenic gold - Positive factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: 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" ### FNDC102 [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-drill-facts-13) Ferké · gold #### 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 factor: Wide intercept indicates significant mineralization continuity - Positive factor: Grade is moderate for an open-pit scenario - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: 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" ### FNDC102 [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-drill-facts-14) Ferké · gold #### 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 factor: High-grade sub-interval significantly exceeds project average and 75th percentile for orogenic gold - Positive factor: Strong grade-width product \(74.32 g/t\*m\) Evidence · text > 8.0m at 9.29g/t #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: 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" ### FNDC102 [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-drill-facts-15) Ferké · gold #### 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 factor: High-grade sub-interval significantly exceeds project average and 75th percentile for orogenic gold - Positive factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: 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" ### FNDC104 [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-drill-facts-16) Ferké · gold #### 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 factor: Wide intercept indicates significant mineralization continuity - Positive factor: Grade is moderate for an open-pit scenario - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: 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" ### FNDC104 [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-drill-facts-17) Ferké · gold #### 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 factor: High-grade sub-interval significantly exceeds project average and 75th percentile for orogenic gold - Positive factor: Indicates presence of bonanza-grade zones within the wider mineralization - Negative factor: Narrow width limits overall contained metal contribution Evidence · text > 2.8m @ 11.1g/t #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: 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" ### FNDC104 [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-drill-facts-18) Ferké · gold #### 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 factor: Strong grade sub-interval is above the project average - Positive factor: Contributes significantly to the overall intercept value Evidence · text > 18m @ 4.67g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: 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) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-resource-facts-0) Ferké Gold Project · gold #### 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 factor: High confidence Measured category forms a strong basis for future studies - Positive factor: Significant contained gold ounces in the Measured category - Positive factor: Grade is strong for an open-pit scenario Evidence · table > 8.2 Context: Measured #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-resource-facts-1) Ferké Gold Project · gold #### 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 factor: Indicated category provides good geological confidence for economic studies - Positive factor: Substantial contained gold ounces in the Indicated category - Positive factor: Grade is strong for an open-pit scenario Evidence · table > 14.9 Context: Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-resource-facts-2) Ferké Gold Project · gold #### 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 factor: Inferred resource adds to the overall potential of the project - Positive factor: Higher grade than Measured and Indicated categories suggests potential for future upgrades - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 roll [Link to this fact](https://atlas-staging.minestarters.com/news/mpk-annual-report-30-june-2026--1112fc73-462c-4148-8929-35f3e03eb279#fact-metallurgical-facts-19) Ferké Gold Project · gold #### 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 factor: High gold recovery \(94%\) is strong for the commodity and processing route - Positive factor: Ore is non-refractory and amenable to lower-cost cyanide leach processing - Positive factor: Supports mineral resource estimation and planned Pre-Feasibility Study - Negative factor: Testwork is preliminary \(bottle-roll only\), requiring further validation at larger scale - Negative factor: 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.