Many Peaks Minerals (MPK) Q1 2025 TU earnings summary

Executive summary

• Completed 8,810m of reconnaissance drilling at Odienné, delineating over 16km of priority gold targets for follow-up exploration.

• Acquired four gold projects in Côte d'Ivoire, totaling 1,919km², consolidating a strong exploration portfolio in West Africa.

• Fully funded exploration campaigns through 2025, with A$6.8M cash at hand as of 30 September 2024.

Financial highlights

• Cash balance at quarter-end was A$6.8M, up from A$5.6M in the previous quarter.

• Exploration expenditure for the quarter was A$555k, with administration and corporate costs at A$274k.

• Net cash from financing activities was A$2.08M, primarily from equity placements.

Outlook and guidance

• Over 10,000m of drilling planned for the December quarter at Odienné and Ferké projects.

• Air core and auger drilling campaigns to commence at Ferké and Odienné, targeting high-priority gold anomalies.

• Fully funded for planned exploration through the 2025 calendar year.