Many Peaks Minerals (MPK) Q2 2025 TU earnings summary

Executive summary

• 14,845m of drilling completed across Ferké and Odienné gold projects in Côte d'Ivoire during the December 2024 quarter.

• Multiple new gold anomalies identified at Ferké, with auger and diamond drilling refining targets for further exploration.

• Air core drilling at Odienné covered over 16km of gold anomalism; assays pending.

• Fully funded for planned exploration through 2025, with $5.9M cash at hand as of 31 December 2024.

• Appointment of new Non-Executive Chairman and transition of Executive Chairman to Managing Director.

Financial highlights

• Cash balance at quarter end: A$5.88 million.

• Exploration expenditure for the quarter: A$736k.

• Administration and corporate costs: A$215k.

• Net cash outflow from operating activities: A$153k.

• Estimated 6.6 quarters of funding available at current expenditure rates.

Outlook and guidance

• Air core and RC drilling on priority auger anomalies at Ferké planned for March quarter.

• Follow-up work at Odienné subject to pending assay results and integration with existing datasets.

• Systematic soil geochemistry work planned at Baga project in coming months.