Highlights

  • High-grade intercepts including 105m @ 2.28g/t gold support strong mineralisation continuity
  • Maiden Mineral Resource Estimate targeted for Q2 2026
  • Preliminary metallurgy shows ~94% gold recovery, indicating favourable processing

Many Peaks Minerals Ltd (ASX: MPK) has captured investor attention after its share price surged to AUD 0.86, up 11.69%, driven by promising exploration updates from its flagship Ferké Gold Project in Côte d’Ivoire. The company continues to demonstrate strong momentum as it advances toward a maiden Mineral Resource Estimate (MRE), supported by high-grade drilling results and ongoing exploration success.

The latest announcement highlights significant assay results from diamond drilling, reinforcing the scale and continuity of gold mineralisation at the Ouarigue prospect. These developments position Many Peaks as a compelling emerging gold explorer in West Africa, with growing confidence in both resource potential and future project economics.

Strong Drill Results Boost Resource Confidence

Recent drilling results from eight diamond holes have delivered multiple high-grade gold intercepts, including standout results such as 105m at 2.28g/t gold and 39.15m at 2.38g/t gold from surface . These results confirm the presence of broad, consistent mineralised zones and support the company’s geological model.

Importantly, all drill holes intersected significant mineralisation, indicating strong continuity across the deposit. The drilling has expanded both the vertical and lateral extent of the gold system, significantly increasing confidence ahead of the maiden resource estimate planned for early Q2 2026 .

Ferké Project Advancing Toward Key Milestones

The Ferké Gold Project remains the core value driver for Many Peaks. The company has already completed over 10,000 metres of drilling across 64 holes in 2026, with additional assays pending .

The upcoming MRE will mark a critical milestone, forming the foundation for a planned pre-feasibility study (PFS) later in 2026. Notably, the project benefits from strong metallurgical performance, with preliminary test work indicating gold recovery rates of around 94%, highlighting favourable processing characteristics .

This combination of scale, grade, and recoverability strengthens the project’s economic outlook and enhances its attractiveness to investors.

Growth Strategy and Exploration Upside

Many Peaks is pursuing an aggressive growth strategy, with continuous drilling and regional exploration across its extensive landholding. The Ferké project alone covers a 37km mineralised corridor, offering significant exploration upside .

The company is also advancing additional targets through geochemical and reconnaissance drilling programs, aiming to expand resources and identify new discoveries. With two diamond rigs currently active and further drilling planned, the pipeline of results is expected to remain strong throughout 2026.

Conclusion

Many Peaks Minerals is emerging as a high-potential gold exploration story, supported by strong drilling results, favourable metallurgy, and a clear pathway to resource definition. The latest high-grade assays reinforce confidence in the Ferké project and underpin the upcoming maiden resource estimate.

As the company progresses toward feasibility studies and continues to expand its resource base, investor interest is likely to remain strong. With a robust exploration pipeline and significant upside potential, MPK is well-positioned for further growth in the gold sector.