# NPM: Phase 2 Drilling to Commence at Las Openas Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas--66fa7f32-af54-467d-92ab-eba62517ee3b Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03153797 Publisher: asx Original announcement: 2026-10-18T21:57:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-18T22:17:55.105Z Atlas analysis updated: 2026-10-18T22:17:55.105Z - Company: NewPeak Metals Limited - Ticker: NPM - Exchange: ASX - Region: San Juan Province, Argentina - Primary commodity: Gold - Secondary commodities: Zinc, Silver, Lead - Document categories: Other, Drill results - Extracted: 2026-10-18 22:17:55 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary NewPeak Metals is commencing a minimum 1,000m Phase 2 diamond drilling program at the Las Opeñas Gold Project in Argentina. The program is fully funded and aims to test a higher-grade gold vector to the west of recent discovery holes. Reasoning: The announcement focuses on the commencement of a new drilling phase \(Phase 2\) rather than new assay results, though it re-states recent discovery intercepts to provide context. - Positive factor: Phase 2 drilling program is fully funded - Positive factor: Clear geological vector towards higher-grade core - Positive factor: Large-scale mineralised system confirmed Facts used in scoring: 8 ## Classification and evidence **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: Phase 2 is designed to test the higher-grade core and progress understanding of the geology following Phase 1 discovery. Evidence · text > Phase 2 is designed to test that thesis directly. ## Extracted facts Stored fact records: 8. Some facts used in scoring do not have a stored record. ## Drill Results (8) ### LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas--66fa7f32-af54-467d-92ab-eba62517ee3b#fact-drill-facts-0) Las Opeñas · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: LODH-023 - Project: Las Opeñas - Commodity: gold - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.16 - Grade Unit: g/t - Intercept: 663 m - From: 0 m - To: 663 m - Intercept Depth: 0 m #### Classification - Sample Type: drill - Group ID: LODH-023:0-663 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-06T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical intercept restated for context. Evidence · text > LODH-023: All 663m @ 0.42g/t AuEq \(incl. 0.16g/t Au, 0.65% Zn, 4.53g/t Ag & 0.10% Pb\) from surface #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas--66fa7f32-af54-467d-92ab-eba62517ee3b#fact-drill-facts-1) Las Opeñas · zinc Historical result Needs review: historical\_restatement #### Identity - Hole ID: LODH-023 - Project: Las Opeñas - Commodity: zinc - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.65 - Grade Unit: % - Intercept: 663 m - From: 0 m - To: 663 m - Intercept Depth: 0 m #### Classification - Sample Type: drill - Group ID: LODH-023:0-663 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-06T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical intercept restated for context. Evidence · text > 0.65% Zn #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas--66fa7f32-af54-467d-92ab-eba62517ee3b#fact-drill-facts-2) Las Opeñas · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: LODH-023 - Project: Las Opeñas - Commodity: silver - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 4.53 - Grade Unit: g/t - Intercept: 663 m - From: 0 m - To: 663 m - Intercept Depth: 0 m #### Classification - Sample Type: drill - Group ID: LODH-023:0-663 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-06T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical intercept restated for context. Evidence · text > 4.53g/t Ag #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas--66fa7f32-af54-467d-92ab-eba62517ee3b#fact-drill-facts-3) Las Opeñas · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: LODH-023 - Project: Las Opeñas - Commodity: lead - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.1 - Grade Unit: % - Intercept: 663 m - From: 0 m - To: 663 m - Intercept Depth: 0 m #### Classification - Sample Type: drill - Group ID: LODH-023:0-663 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-06T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical intercept restated for context. Evidence · text > 0.10% Pb #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### LODH-027 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas--66fa7f32-af54-467d-92ab-eba62517ee3b#fact-drill-facts-4) Las Opeñas · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: LODH-027 - Project: Las Opeñas - Commodity: gold - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.1 - Grade Unit: g/t - Intercept: 657 m - From: 0 m - To: 657 m - Intercept Depth: 0 m #### Classification - Sample Type: drill - Group ID: LODH-027:0-657 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-06T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical intercept restated for context. Evidence · text > LODH-027: All 657m @ 0.30g/t AuEq \(incl. 0.10g/t Au, 0.51% Zn, 3.14g/t Ag and 0.14% Pb\) from surface #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### LODH-027 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas--66fa7f32-af54-467d-92ab-eba62517ee3b#fact-drill-facts-5) Las Opeñas · zinc Historical result Needs review: historical\_restatement #### Identity - Hole ID: LODH-027 - Project: Las Opeñas - Commodity: zinc - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.51 - Grade Unit: % - Intercept: 657 m - From: 0 m - To: 657 m - Intercept Depth: 0 m #### Classification - Sample Type: drill - Group ID: LODH-027:0-657 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-06T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical intercept restated for context. Evidence · text > 0.51% Zn #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### LODH-027 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas--66fa7f32-af54-467d-92ab-eba62517ee3b#fact-drill-facts-6) Las Opeñas · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: LODH-027 - Project: Las Opeñas - Commodity: silver - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 3.14 - Grade Unit: g/t - Intercept: 657 m - From: 0 m - To: 657 m - Intercept Depth: 0 m #### Classification - Sample Type: drill - Group ID: LODH-027:0-657 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-06T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical intercept restated for context. Evidence · text > 3.14g/t Ag #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### LODH-027 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-phase-2-drilling-to-commence-at-las-openas--66fa7f32-af54-467d-92ab-eba62517ee3b#fact-drill-facts-7) Las Opeñas · lead Historical result Needs review: historical\_restatement #### Identity - Hole ID: LODH-027 - Project: Las Opeñas - Commodity: lead - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.14 - Grade Unit: % - Intercept: 657 m - From: 0 m - To: 657 m - Intercept Depth: 0 m #### Classification - Sample Type: drill - Group ID: LODH-027:0-657 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-10-06T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: Historical intercept restated for context. Evidence · text > 0.14% Pb #### 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ## 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.