Many Peaks Minerals (MPK) Q3 2026 TU earnings summary

Executive summary

• Completed 10,151m of RC and diamond drilling at Ferké Gold Project, with significant intercepts supporting a maiden mineral resource estimate at Ouarigue prospect.

• Ferké North permit received a 2-year exceptional renewal; Ferké South application advanced with CIM approval, highlighting multiple drill-ready targets.

• Odienné Project advanced geochemistry and geophysics, with drilling planned to commence next month.

• Maintained strong cash position with A$7.6M at quarter end, plus A$2.0M in liquid investments.

Financial highlights

• Cash at quarter end: A$7.6M, excluding A$2.0M in investments convertible to cash within 3 days.

• Exploration expenditure for the quarter: A$3.6M, mainly on Ferké drilling and Odienné surveys.

• Administration and corporate costs: A$500k; related party payments: A$316k.

• Net cash used in operating activities: A$335k; net cash used in investing: A$3.6M.

• Estimated quarters of funding available: 1.93, with additional liquidity from investments and potential equity raises.

Outlook and guidance

• Maiden Mineral Resource Estimate (MRE) for Ouarigue prospect expected in Q2, with an updated MRE and pre-feasibility study targeted for Q4 2026.

• Continued aggressive drilling at Ferké North and planned RC drilling at Ferké South upon permit grant.

• Air core drilling at Odienné to commence by early May, with results to inform further exploration.

• Baga Gold Project option maintained, with ongoing geochemistry and mapping to define future exploration.