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Many Peaks Minerals Limited (ASX:MPK)

ALERT: Price-sensitive ASX Announcement for MPK
Current share price for MPK : $1.090 0.16 (17.20%)+
Announcement
Release
18 Jun 2026 8:23AM
Price at Release
$0.930
Full Release
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Summary
Many Peaks Minerals Limited has reported significant increases in gold assay results from its ongoing drilling program at the Ferké Gold Project in Côte d’Ivoire, specifically in the Ouarigue Mineral Resource Estimate (MRE) area. Recent diamond core assays from 11 additional drill holes totaling 2,350 meters have shown significant gold intercepts, enhancing the confidence and growth potential of the Ouarigue MRE, which currently reports 26.7 million tonnes at 1.54g/t gold for 1,323,000 ounces. The reverse circulation (RC) drilling is also progressing rapidly, with initial assay results pending for 7,051 meters of drilling. These efforts are part of a broader strategy to expand the mineral resource and support a prefeasibility study planned for later in the year.
Key Points
  • Significant gold assay results from 11 new drill holes at Ferké Gold Project.
  • Diamond core drilling totals 2,350 meters with substantial gold intercepts.
  • Ouarigue MRE reports 26.7Mt at 1.54g/t gold for 1,323,000 ounces.
  • 7,051 meters of RC drilling completed, with results expected by mid-July.
  • Drilling aims to expand the northern extent of the Ouarigue MRE.
  • Company working on a prefeasibility study for completion in Q4 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.