Highlights

  • NewPeak Metals shares gained 6.67% to AUD 0.016 on 1 April 2026, following a project update.
  • Drilling at the Las Opeñas Gold Project in Argentina is scheduled to begin in late April 2026.
  • A minimum 2,500m diamond drill program has been planned, with potential for expansion.
  • Historical drilling supports the presence of a large-scale gold-silver-polymetallic system.
  • Assay results from the Tansey Gold Project are expected mid-to-late April.

NewPeak Metals Ltd (ASX:NPM) shares advanced 6.67% to AUD 0.016 on 1 April 2026, extending a 60% gain over the past year. Today’s share price movement follows the company’s latest update confirming that drilling is set to commence at its wholly owned Las Opeñas Gold Project in Argentina later this month, alongside multiple near-term exploration catalysts across its portfolio.

NewPeak Metals Limited is an exploration-focused company engaged in advancing gold and mineral projects across prospective regions. Its portfolio includes the Las Opeñas Gold Project in Argentina and the Tansey Gold Project in Queensland, with ongoing exploration aimed at identifying large-scale mineralised systems.

Drilling Program Set to Commence at Las Opeñas

The company confirmed that drilling activities at Las Opeñas, located in San Juan Province, are scheduled to begin in late April 2026. A minimum 2,500m diamond drilling program has been designed to test priority targets, with scope to increase the size of the program depending on results and ongoing geological interpretation.

Argentinian drilling contractor Ecominera has been engaged to undertake the program, while early-stage site preparations — including roadworks and the establishment of a nearby camp at Malimán De Abajo — are already underway. The company has also secured the required environmental approvals, enabling the program to proceed as planned.

Strategic Positioning Within a Major Gold Belt

Las Opeñas is positioned within the eastern frontal cordillera of the El Indio Belt, a prolific gold-producing region in South America. The project lies along the same structural corridor that hosts major deposits such as the Veladero and Pascua-Lama systems, highlighting its location within a well-endowed mineral district.

The project area spans approximately 1,462 hectares at an elevation of around 3,000 metres, providing exposure to a geological setting associated with significant gold and polymetallic mineralisation.

Historical Drilling Supports Large-Scale Potential

Exploration conducted between 2012 and 2014 confirmed the presence of extensive mineralisation across the project. Reported drill intercepts include:

  • 115m grading 0.58g/t gold, 3.5g/t silver, 0.24% lead and 0.65% zinc from 18m
    • 29m at 0.57g/t gold and 9.9g/t silver from 65m
    • 126m at 0.17g/t gold and 3.2g/t silver from surface
    • 60m at 0.24g/t gold with associated silver, lead and zinc values

These results highlight broad zones of mineralisation and support the interpretation of a potentially large-scale gold-silver-polymetallic system, particularly within breccia-hosted zones.

A geological review completed in 2025 identified the main breccia zone as the principal exploration target. This zone extends across a surface area of approximately 800m by 600m and is interpreted to form part of a rhyolitic dome complex associated with strong alteration.

Two phases of mineralisation have been recognised: an earlier phase characterised by widespread silver-dominant mineralisation, followed by a later phase of gold-silver-polymetallic mineralisation hosted in hydrothermal breccias, which appear to strengthen with depth.

Parallel Progress at Tansey Gold Project

Alongside activities in Argentina, NewPeak is advancing its Tansey Gold Project in south-east Queensland. Drill core from a recently completed 1,179m program is currently being processed by ALS Laboratories in Brisbane.

The drilling targeted extensions of mineralisation near and below the historical South Burnett Mine, which was previously mined to depths exceeding 80 metres. Assay results from this program are expected between mid and late April 2026.

Pipeline of Near-Term Catalysts

The company outlined a series of upcoming milestones expected over the coming months, including:

  • Commencement of Las Opeñas drilling in late April 2026
    • Receipt of Tansey assay results in mid-to-late April
    • Ongoing drilling updates from Las Opeñas during May and June
    • Initial assay results from Las Opeñas anticipated between July and August 2026

What This Means for Investors?

The confirmation of imminent drilling at Las Opeñas, combined with pending assay results from Tansey, appears to be supporting today’s share price momentum. With multiple exploration milestones scheduled in the near term, market attention is centred on the outcomes of these programs and their potential to advance project development and define scale.