Many Peaks Minerals (MPK) Q1 2027 TU earnings summary

Executive summary

• Ferké drilling extended Ouarigue mineralisation to >900m below surface, with high-grade results supporting resource growth and assessment of combined open-pit and underground options.

• More than 55,400m of the 60,000m CY2026 drilling target was complete at quarter-end; Ferké diamond drilling continued, with Odienné and Baga assays pending.

Financial highlights

• Quarter-end cash was A$20.109m; exploration and evaluation outflows were A$6.559m, acquisition payments A$1.437m and administration and corporate costs A$734k.

• Net operating cash outflow was A$545k; net investing cash outflow was A$8.092m and net financing inflow was A$2.044m for the quarter.

Outlook and guidance

• Updated Ouarigue MRE, based on a 13 October data cut-off, was scheduled for the December 2026 quarter, followed by an integrated economic assessment of open-pit and underground scenarios.

• Open-pit work is at pre-feasibility level; underground options will initially be assessed at Scoping Study level. A definitive feasibility study is targeted for 2027 to support a development decision by early 2028.

• CY2026 drilling target exceeds 60,000m; ongoing Ouarigue diamond drilling and RC programs at Ferké and Odienné were planned, alongside regional drilling and pending assay results.

• Odienné RC follow-up was planned for the December quarter; Ferké South RC drilling is subject to permit grant, while Baga follow-up work depends on assay review.