# NPM: Quarterly Activities and Cashflow Reports Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/npm-quarterly-activities-and-cashflow-reports--ace576a9-146c-471b-a6cd-60913eb5acc1 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03149259 Publisher: asx Original announcement: 2026-10-06T21:24:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-06T22:22:56.996Z Atlas analysis updated: 2026-10-06T22:22:56.996Z - Company: NewPeak Metals Limited - Ticker: NPM - Exchange: ASX - Region: San Juan Province, Argentina - Primary commodity: Gold - Secondary commodities: Zinc, Silver, Lead - Document categories: Drill results, Capital raise - Extracted: 2026-10-06 22:22:57 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary NewPeak Metals has reported maiden drill results from its Las Opeñas project in Argentina, confirming a large-scale gold-zinc-silver-lead system with intercepts exceeding 650m. The company also completed a A$3.5m share placement to fund upcoming Phase 2 drilling targeting a high-grade core to the southwest. Reasoning: The maiden drill program at Las Opeñas has successfully demonstrated a large-scale polymetallic system with significant intercept lengths and a clear exploration vector. - Positive factor: Large-scale intercepts \(>650m\) confirmed - Positive factor: Discovery hole 26-LODH-023 confirms significant mineralisation - Positive factor: Geological vector identified toward higher-grade core \(Belleza Breccia\) - Positive factor: Phase 2 drilling fully funded by recent placement - Negative factor: Low grade AuEq relative to gold-only benchmarks Facts used in scoring: 12 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Phase 1 drilling confirmed large-scale system and defined a vector for next phase drilling. Evidence · text > defining a clear vector for the next phase of drilling **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 release mentions maiden diamond drill program results, implying standard protocols, though specific lab names are not in the summary text provided. Evidence · text > maiden 2026 drill program ## Extracted facts Stored fact records: 12. Some facts used in scoring do not have a stored record. ## Drill Results (12) ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-quarterly-activities-and-cashflow-reports--ace576a9-146c-471b-a6cd-60913eb5acc1#fact-drill-facts-0) Las Opeñas · gold #### Identity - Hole ID: 26-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: 26-LODH-023:0-663 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: Part of a large-scale intercept Evidence · text > 0.16g/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 **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: "7 October 2026 Quarterly Activities Report Highlights Las Opeñas • Assay results from the maiden 2026 drill program at N" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-quarterly-activities-and-cashflow-reports--ace576a9-146c-471b-a6cd-60913eb5acc1#fact-drill-facts-1) Las Opeñas · zinc #### Identity - Hole ID: 26-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: 26-LODH-023:0-663 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: Part of a large-scale intercept 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 **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: "7 October 2026 Quarterly Activities Report Highlights Las Opeñas • Assay results from the maiden 2026 drill program at N" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-quarterly-activities-and-cashflow-reports--ace576a9-146c-471b-a6cd-60913eb5acc1#fact-drill-facts-2) Las Opeñas · silver #### Identity - Hole ID: 26-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: 26-LODH-023:0-663 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: Part of a large-scale intercept 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 **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: "7 October 2026 Quarterly Activities Report Highlights Las Opeñas • Assay results from the maiden 2026 drill program at N" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-quarterly-activities-and-cashflow-reports--ace576a9-146c-471b-a6cd-60913eb5acc1#fact-drill-facts-3) Las Opeñas · lead #### Identity - Hole ID: 26-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: 26-LODH-023:0-663 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: Part of a large-scale intercept 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 **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: "7 October 2026 Quarterly Activities Report Highlights Las Opeñas • Assay results from the maiden 2026 drill program at N" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-quarterly-activities-and-cashflow-reports--ace576a9-146c-471b-a6cd-60913eb5acc1#fact-drill-facts-4) Las Opeñas · gold #### Identity - Hole ID: 26-LODH-023 - Project: Las Opeñas - Commodity: gold - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.34 - Grade Unit: g/t - Intercept: 283 m - From: 7 m - To: 290 m - Intercept Depth: 7 m #### Classification - Sample Type: drill - Group ID: 26-LODH-023:7-290 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: High grade sub-interval Evidence · text > 0.34g/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 **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: "7 October 2026 Quarterly Activities Report Highlights Las Opeñas • Assay results from the maiden 2026 drill program at N" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-quarterly-activities-and-cashflow-reports--ace576a9-146c-471b-a6cd-60913eb5acc1#fact-drill-facts-5) Las Opeñas · zinc #### Identity - Hole ID: 26-LODH-023 - Project: Las Opeñas - Commodity: zinc - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.84 - Grade Unit: % - Intercept: 283 m - From: 7 m - To: 290 m - Intercept Depth: 7 m #### Classification - Sample Type: drill - Group ID: 26-LODH-023:7-290 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: High grade sub-interval Evidence · text > 0.84% 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 **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: "7 October 2026 Quarterly Activities Report Highlights Las Opeñas • Assay results from the maiden 2026 drill program at N" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-quarterly-activities-and-cashflow-reports--ace576a9-146c-471b-a6cd-60913eb5acc1#fact-drill-facts-6) Las Opeñas · silver #### Identity - Hole ID: 26-LODH-023 - Project: Las Opeñas - Commodity: silver - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 5.02 - Grade Unit: g/t - Intercept: 283 m - From: 7 m - To: 290 m - Intercept Depth: 7 m #### Classification - Sample Type: drill - Group ID: 26-LODH-023:7-290 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: High grade sub-interval Evidence · text > 5.02g/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 **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: "7 October 2026 Quarterly Activities Report Highlights Las Opeñas • Assay results from the maiden 2026 drill program at N" ### 26-LODH-023 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-quarterly-activities-and-cashflow-reports--ace576a9-146c-471b-a6cd-60913eb5acc1#fact-drill-facts-7) Las Opeñas · lead #### Identity - Hole ID: 26-LODH-023 - Project: Las Opeñas - Commodity: lead - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.14 - Grade Unit: % - Intercept: 283 m - From: 7 m - To: 290 m - Intercept Depth: 7 m #### Classification - Sample Type: drill - Group ID: 26-LODH-023:7-290 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: High grade sub-interval 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 **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: "7 October 2026 Quarterly Activities Report Highlights Las Opeñas • Assay results from the maiden 2026 drill program at N" ### 26-LODH-027 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-quarterly-activities-and-cashflow-reports--ace576a9-146c-471b-a6cd-60913eb5acc1#fact-drill-facts-8) Las Opeñas · gold #### Identity - Hole ID: 26-LODH-027 - Project: Las Opeñas - Commodity: gold - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.32 - Grade Unit: g/t - Intercept: 117 m - From: 77 m - To: 194 m - Intercept Depth: 77 m #### Classification - Sample Type: drill - Group ID: 26-LODH-027:77-194 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: High grade sub-interval Evidence · text > 0.32g/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 **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: "7 October 2026 Quarterly Activities Report Highlights Las Opeñas • Assay results from the maiden 2026 drill program at N" ### 26-LODH-027 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-quarterly-activities-and-cashflow-reports--ace576a9-146c-471b-a6cd-60913eb5acc1#fact-drill-facts-9) Las Opeñas · zinc #### Identity - Hole ID: 26-LODH-027 - Project: Las Opeñas - Commodity: zinc - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.66 - Grade Unit: % - Intercept: 117 m - From: 77 m - To: 194 m - Intercept Depth: 77 m #### Classification - Sample Type: drill - Group ID: 26-LODH-027:77-194 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: High grade sub-interval Evidence · text > 0.66% 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 **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: "7 October 2026 Quarterly Activities Report Highlights Las Opeñas • Assay results from the maiden 2026 drill program at N" ### 26-LODH-027 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-quarterly-activities-and-cashflow-reports--ace576a9-146c-471b-a6cd-60913eb5acc1#fact-drill-facts-10) Las Opeñas · silver #### Identity - Hole ID: 26-LODH-027 - Project: Las Opeñas - Commodity: silver - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 3.46 - Grade Unit: g/t - Intercept: 117 m - From: 77 m - To: 194 m - Intercept Depth: 77 m #### Classification - Sample Type: drill - Group ID: 26-LODH-027:77-194 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: High grade sub-interval Evidence · text > 3.46g/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 **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: "7 October 2026 Quarterly Activities Report Highlights Las Opeñas • Assay results from the maiden 2026 drill program at N" ### 26-LODH-027 [Link to this fact](https://atlas-staging.minestarters.com/news/npm-quarterly-activities-and-cashflow-reports--ace576a9-146c-471b-a6cd-60913eb5acc1#fact-drill-facts-11) Las Opeñas · lead #### Identity - Hole ID: 26-LODH-027 - Project: Las Opeñas - Commodity: lead - Region: argentina - Reported Region: argentina - Ticker: NPM #### Geometry - Grade: 0.16 - Grade Unit: % - Intercept: 117 m - From: 77 m - To: 194 m - Intercept Depth: 77 m #### Classification - Sample Type: drill - Group ID: 26-LODH-027:77-194 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-06T00:00:00.000Z Reasoning: High grade sub-interval Evidence · text > 0.16% 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 **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: "7 October 2026 Quarterly Activities Report Highlights Las Opeñas • Assay results from the maiden 2026 drill program at N" ## 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.