Many Peaks Minerals (MPK) H2 2026 earnings summary

Executive summary

• Achieved maiden Mineral Resource Estimate (MRE) at Ouarigue, Ferké Gold Project: 26.7Mt at 1.54g/t Au for 1.32Moz, with 83% in Measured and Indicated categories.

• Significant exploration progress at Ferké, Odienné, and Baga projects in Côte d'Ivoire, with over 62,500m drilled across the portfolio.

• Strengthened leadership with appointment of an Executive Director/COO and expanded technical team.

Financial highlights

• Net loss after tax: $3,476,988 for FY26 (FY25: $1,498,477), reflecting increased exploration and share-based payments.

• Revenue: $467,780 (FY25: $348,008), mainly from interest and other income.

• Cash and cash equivalents at year-end: $26.7M (FY25: $8.5M), following two equity placements raising ~$41M.

• Exploration and evaluation assets increased to $27.1M (FY25: $9.2M).

Outlook and guidance

• Focus on resource growth at Ouarigue and advancing a Pre-Feasibility Study (PFS) in FY27.

• Aggressive exploration to continue, with over 60,000m of drilling budgeted for CY2026 (65% completed by June 2026).

• Anticipated release of an upgraded MRE and first mining study in H1 2027.