Many Peaks Minerals (MPK) Q3 2025 TU earnings summary

Executive summary

• Completed 4,212m of drilling at Ferké Gold Project, including 1,285m Phase 1 diamond drilling and 2,927m air core drilling, with significant high-grade gold intercepts identified at Ouarigue South Prospect.

• Initiated 2,000m Phase 2 diamond drilling at Ferké and planned 6,000m RC drilling campaign for June 2025 quarter.

• At Odienné Project, assays from air core drilling confirmed gold-bearing corridors and a new mineralised area at Zone C, with RC drilling planned.

• Raised A$6.22 million in equity at a 6% premium, ending the quarter with A$9.59 million cash, sufficient to fund exploration through FY2026.

Financial highlights

• Cash at hand was A$9.59 million as of 31 March 2025.

• Exploration expenditure for the quarter was A$1.31 million, mainly for drilling at Ferké and Odienné.

• Administration and corporate costs totaled A$214k; related party payments were A$117k.

• Net cash from financing activities was A$5.18 million, primarily from equity issuance.

Outlook and guidance

• Sufficient cash reserves to fund budgeted drilling and exploration activities through the 2026 financial year.

• Pending assays from AC drilling at Ferké and planned RC drilling at both Ferké and Odienné expected to drive further exploration results.

• Soil geochemistry survey at Baga and further exploration at Oumé scheduled for upcoming quarters.