# P2 Gold Sets 12 Million Tonne Per Year Mill for Gabbs Feasibility Study Due Early 2027 Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/p2-gold-sets-12-million-tonne-per-year-mill-for-gabbs-feasibility-study-due-earl--81a4670e-fe47-4cf7-ba47-f8ef615c4b65 Original source: https://www.cruxinvestor.com/posts/p2-gold-sets-12-million-tonne-per-year-mill-for-gabbs-feasibility-study-due-early-2027 Publisher: cruxinvestor Original announcement: 2026-09-23T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-24T12:49:35.417Z Atlas analysis updated: 2026-09-24T12:49:35.417Z - 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 Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas 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 factor: Increased mill throughput to 12 Mtpa - Positive factor: High estimated milling recoveries for gold and copper - Positive factor: Expansion of known mineralization in Sullivan, Lucky Strike, and Car Body zones - Positive factor: Progress on water rights and infrastructure - Negative factor: Feasibility study timeline is still a year away Facts used in scoring: 4 ## Classification and evidence **Mill Route** Polarity: neutral Definition: 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 Route** Polarity: neutral Definition: 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 Tested** Polarity: positive Definition: 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) ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/p2-gold-sets-12-million-tonne-per-year-mill-for-gabbs-feasibility-study-due-earl--81a4670e-fe47-4cf7-ba47-f8ef615c4b65#fact-metallurgical-facts-0) Gabbs · gold #### 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 factor: High recovery for sulfide gold Evidence · text > Estimated milling recoveries for sulfide mineralization are 94.5% for gold #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/p2-gold-sets-12-million-tonne-per-year-mill-for-gabbs-feasibility-study-due-earl--81a4670e-fe47-4cf7-ba47-f8ef615c4b65#fact-metallurgical-facts-1) Gabbs · copper #### 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 factor: Solid copper recovery for sulfide milling Evidence · text > and 79.9% for copper #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 79.9% is below the weak band \(80%\) ### heap\_leach [Link to this fact](https://atlas-staging.minestarters.com/news/p2-gold-sets-12-million-tonne-per-year-mill-for-gabbs-feasibility-study-due-earl--81a4670e-fe47-4cf7-ba47-f8ef615c4b65#fact-metallurgical-facts-2) Gabbs · gold #### 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 factor: Respectable recovery for oxide heap leach Evidence · text > 85% and 67% for heap leaching oxide mineralization ### heap\_leach [Link to this fact](https://atlas-staging.minestarters.com/news/p2-gold-sets-12-million-tonne-per-year-mill-for-gabbs-feasibility-study-due-earl--81a4670e-fe47-4cf7-ba47-f8ef615c4b65#fact-metallurgical-facts-3) Gabbs · copper #### 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 factor: Relatively low copper recovery for oxide Evidence · text > 85% and 67% for heap leaching oxide mineralization #### Tags used in scoring **Low Recovery** Polarity: negative Definition: 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.