P2 Gold Sets 12 Million Tonne Per Year Mill for Gabbs Feasibility Study Due Early 2027
Original announcement by cruxinvestor on
- Company
- P2 Gold
- Ticker
- PGLD
- Exchange
- Unavailable
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Copper, Silver
- Document categories
- Metallurgy, Other
- Extracted
- 2026-09-24 12:49:36 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
P2 Gold is targeting the completion of a feasibility study for its Gabbs gold-copper project in Nevada by Q1 2027. The study will incorporate a larger 12 million tonne per year mill and an updated mineral resource estimate due in late 2026.
Reasoning: The announcement outlines significant technical progress for the Gabbs project, including increased throughput assumptions for the upcoming Feasibility Study and ongoing metallurgical testing.
Positive factors
- Increased mill throughput to 12 Mtpa
- High estimated milling recoveries for gold and copper
- Expansion of known mineralization in Sullivan, Lucky Strike, and Car Body zones
- Progress on water rights and infrastructure
Negative factors
- Feasibility study timeline is still a year away
Facts used in scoring: 4
Classification and evidence
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The project plans to use a 12 Mtpa mill for sulfide mineralization.
Evidence · text
“The FS will now include a mill processing 12 million tonnes per year”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: The project plans to use heap leaching for oxide mineralization.
Evidence · text
“running alongside heap leaching”
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 2 distinct composites were tested
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Metallurgical Results (4)
flotationGabbs · goldRecovery: 94.5 %View all detailsHide details
Identity
- Project
- Gabbs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD
Test Work
- Program Status
- optimization
- Test Type
- flotation
- Processing Route
- flotation
- Sample
- sulfide mineralization milling
Recovery
- Recovery
- 94.5 %
- Recovery Basis
- unspecified
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: 94.5% recovery for gold in sulfide milling is considered strong.
Positive factors
- High recovery for sulfide gold
Evidence · text
“Estimated milling recoveries for sulfide mineralization are 94.5% for gold”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationGabbs · copperRecovery: 79.9 %View all detailsHide details
Identity
- Project
- Gabbs
- Commodity
- copper
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD
Test Work
- Program Status
- optimization
- Test Type
- flotation
- Processing Route
- flotation
- Sample
- sulfide mineralization milling
Recovery
- Recovery
- 79.9 %
- Recovery Basis
- unspecified
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: 79.9% copper recovery in sulfide milling is a strong result.
Positive factors
- Solid copper recovery for sulfide milling
Evidence · text
“and 79.9% for copper”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 79.9% is below the weak band (80%)
heap_leachGabbs · goldRecovery: 85 %View all detailsHide details
Identity
- Project
- Gabbs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD
Test Work
- Program Status
- optimization
- Test Type
- heap_leach
- Sample
- oxide mineralization heap leaching
Recovery
- Recovery
- 85 %
- Recovery Basis
- unspecified
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: 85% recovery for gold via heap leach is within the expected range for this route.
Positive factors
- Respectable recovery for oxide heap leach
Evidence · text
“85% and 67% for heap leaching oxide mineralization”
heap_leachGabbs · copperRecovery: 67 %View all detailsHide details
Identity
- Project
- Gabbs
- Commodity
- copper
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD
Test Work
- Program Status
- optimization
- Test Type
- heap_leach
- Sample
- oxide mineralization heap leaching
Recovery
- Recovery
- 67 %
- Recovery Basis
- unspecified
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: 67% copper recovery via heap leach is moderate/weak.
Negative factors
- Relatively low copper recovery for oxide
Evidence · text
“85% and 67% for heap leaching oxide mineralization”
Tags used in scoring
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 67% is below the weak band (80%)
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.