NewPeak Metals Limited (ASX:NPM)

NewPeak Metals Limited’s Quarterly Activities and Cashflow Report for the quarter ended 30 September 2026 highlights strong exploration progress at its 100%-owned Las Opeñas project in San Juan Province, Argentina, where final Phase 1 assay results from a six-hole, 2,464m maiden diamond drilling program confirmed a large-scale gold-zinc-silver-lead mineralised system, including discovery hole 26-LODH-023 returning 663m at 0.42g/t AuEq from surface and hole 26-LODH-027 returning 657m at 0.30g/t AuEq from surface; results showed gold grades increasing toward the southwest in the direction of the Belleza Breccia volcanic centre, which the company interprets as the likely mineralising source and the target of a fully funded minimum 1,000m Phase 2 drill program scheduled to start in mid-October 2026, with permits already in place for up to a further 7,500m of drilling. The company’s near-term focus remains Las Opeñas, while it continues to assess strategic options for non-core assets including Tansey, Treuer Range and George River, and does not plan significant exploration at Cachi in the next quarter. Corporate activity during the quarter included completion of a A$3.5 million two-tranche placement after shareholder approval of Tranche 2 on 21 August 2026. Financially, NewPeak ended the quarter with A$1.619 million in cash, spent A$1.691 million on exploration and evaluation, recorded net cash outflows of A$305,000 from operating activities and A$1.479 million from investing activities, offset by A$3.276 million net cash inflow from financing activities, reported A$84,000 in related-party payments for executive directors’ fees, and disclosed estimated funding of 0.81 quarters while noting it expects to continue operations and meet business objectives based on current cash management and listed equity investments including approximately 3.5 million Lakes Blue Energy NL shares.