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Many Peaks Minerals Limited (ASX:MPK)

ALERT: Price-sensitive ASX Announcement for MPK
Current share price for MPK : $1.140 0.305 (36.53%)+
Announcement
Release
20 Aug 2026 9:13AM
Price at Release
$0.835
Full Release
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Summary
Many Peaks Minerals Limited has reported additional reverse circulation (RC) assay results for 54 shallow drill holes, totaling 5,988 meters, from the Ferké Gold project in Côte d’Ivoire. These results demonstrate the continuity of gold mineralisation over a significant area, extending beyond the current Mineral Resource Estimate (MRE) boundary at the Ouarigue prospect. The company has completed a total of 13,966 meters of RC drilling for the year, with 7,979 meters from 65 RC holes pending assay results. The results are crucial for potentially upgrading the classification of the existing MRE, which currently stands at 26.7Mt at 1.54g/t gold. Many Peaks continues its aggressive drilling campaign with a focus on further resource expansion and confidence building in the Ouarigue prospect, as well as targeting new discoveries along the broader Ferké shear corridor.
Key Points
  • Outstanding RC results advance Ouarigue Resource Upgrade
  • Continuity of gold mineralisation over 800m of strike
  • Incremental down-dip and strike extensions in resource drilling
  • 119 RC holes completed this year, totaling 13,966m
  • Pending assay results for additional 65 RC holes
  • Focus on potential MRE upgrades and resource expansion
  • Continued drilling to assess underground mining potential
  • Aggressive exploration pace for resource growth and new discoveries
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.