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Many Peaks Minerals Limited (ASX:MPK)

ALERT: Price-sensitive ASX Announcement for MPK
Current share price for MPK : $0.915 0.11 (13.66%)+
Announcement
Release
29 Jul 2026 8:34AM
Price at Release
$0.805
Full Release
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Summary
Many Peaks Minerals Limited reported significant advancements in its gold exploration projects for the quarter ending 30 June 2026. Key highlights include the completion of a maiden Mineral Resource Estimate for the Ouarigue prospect within the Ferké Gold Project, alongside ongoing drilling that continues to expand and confirm gold mineralisation. The company is advancing its Pre-Feasibility Study at Ferké, while also progressing exploration efforts at the Odienné and Baga Gold Projects. Financially, Many Peaks completed a successful equity placement, bolstering its cash and investment reserves, and is strategically positioned in joint ventures to enhance its project pipeline in Côte d'Ivoire.
Key Points
  • Maiden Mineral Resource Estimate completed for the Ouarigue prospect of 26.7Mt @ 1.54g/t Au for 1.32Moz of contained gold.
  • Ongoing drilling expanded confidence in gold mineralisation at Ouarigue with significant results from diamond and reverse circulation drilling.
  • Ferké Gold Project remains the flagship project in Côte d’Ivoire, with multiple drilling activities underway.
  • Pre-Feasibility Study activities at Ferké are progressing, targeting completion by the December Quarter.
  • Odienné Gold Project saw successful completion of geophysical surveys and expanded air core drilling program.
  • Baga Gold Project identified multiple targets for follow-up exploration.
  • The company completed a A$27.5M equity placement and has A$26.7M cash and investments as of 30 June 2026.
  • Many Peaks retains options to acquire interests in several projects, holding significant stakes in Côte d'Ivoire permits through joint ventures.
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.