Many Peaks Strikes High-Grade Gold and Expands Côte d’Ivoire Tenure

Strong Drill Results Bolster Ferké Project Prospects

Many Peaks Minerals Limited (ASX – MPK) has delivered a robust September quarter update, showcasing significant progress across its Côte d’Ivoire gold projects. The highlight remains the Ferké Project, where diamond drilling continues to reveal impressive high-grade gold intercepts. Notably, a 75-metre intercept grading 6.11 grams per tonne (g/t) gold, including a remarkable 7 metres at 52.9 g/t, underscores the potential scale and quality of mineralisation at the Ouarigue prospect.

This drilling campaign has expanded the known mineralised corridor to over 37 kilometres along the Leraba segment, with mineralisation open in multiple directions. The company’s systematic 50-metre spaced drilling is defining a substantial tonnage of gold mineralisation hosted in granodiorite and tonalite intrusions, with mineralised widths reaching up to 95 metres. These results suggest both near-surface and deeper underground potential, supporting the prospect of a significant gold discovery in the region.

Strategic Land Acquisition and Tenure Expansion

In a strategic move, Many Peaks executed a binding agreement to acquire the South Ferké permit from Magic Mineral Structure SARL, adding approximately 221 square kilometres to its portfolio. This acquisition increases the company’s total landholding in Côte d’Ivoire to 2,140 square kilometres, a 74% increase in tenure. The expanded footprint consolidates Many Peaks’ position in a prolific gold corridor, enhancing exploration upside and regional scale potential.

Odienné Project Shows Emerging District Potential

At the Odienné Project, reverse circulation drilling across 32 holes and 3,794 metres has yielded encouraging results, including a 21-metre intercept at 1.21 g/t gold at the Zone C prospect. These findings affirm the presence of open-ended mineralisation along the Sassandra shear corridor, an emerging gold district that hosts multi-million-ounce deposits nearby. The company plans further drilling and geophysical surveys to refine targets and advance exploration in this promising area.

Capital Raise and Leadership Appointment Support Growth

To underpin its aggressive exploration and development plans, Many Peaks successfully completed a A$13.5 million equity raise during the quarter, issuing 18.75 million shares at A$0.72 each. The funds will support the preparation of the company’s inaugural Mineral Resource Estimate, ongoing drilling campaigns, and corporate costs. Financially, Many Peaks ended the quarter with a strong cash position of A$13.8 million, excluding investments.

Complementing its operational momentum, the company appointed Matthew Scully as Chief Operating Officer, effective November 2025. Mr. Scully brings extensive technical and operational expertise from decades managing mineral projects across Africa and Australia, including roles with Perseus Mining and Newmont Ventures. His leadership is expected to accelerate Many Peaks’ project development and operational execution.

Maintaining Strategic Options and Forward Outlook

Many Peaks retains its exclusive 24-month option to acquire 100% of the Baga Gold Project in West Africa, aligning with its strategic focus on gold exploration in the region. Early fieldwork and geochemical surveys are underway, with further updates anticipated as exploration advances.

Overall, the September quarter marks a period of significant exploration success, strategic growth, and strengthened leadership for Many Peaks. The company’s expanding footprint, high-grade drill results, and robust financial position set the stage for continued progress in Côte d’Ivoire’s prolific gold provinces.