NewPeak’s Exploration Push Hinges on Pending Approvals and Project Reviews

Full Control of Las Opeñas Bolsters NewPeak’s Argentine Ambitions

NewPeak Metals Limited has taken a decisive step in its South American exploration strategy by acquiring the remaining 49% interest in the Las Opeñas exploration permits for US$500,000, securing full ownership of this promising asset in Argentina’s San Juan province. This acquisition consolidates NewPeak’s control over a 1,462-hectare area situated on the prolific Indio Belt, a region known for hosting multi-million-ounce gold deposits such as Veladero and Pascua Lama.

The company’s recent internal review and remapping of the project, led by Exploration Manager Alistair Grahame, has reinterpreted the main breccia zone as part of a rhyolitic dome and phreatic breccia complex. Historic drilling results, including a notable intercept of 115 meters grading 0.58 grams per tonne gold and significant silver and base metals, underpin the potential for both bulk-tonnage silver and high-grade gold-silver-polymetallic mineralisation. NewPeak plans to submit drilling applications imminently, aiming to commence drilling in the first half of 2026, pending regulatory approvals.

Advancing Tansey Gold Project with Near-Term Drilling

In Australia, NewPeak is progressing its Tansey Gold Project in Queensland, having completed the acquisition of Goldstrike Mining Pty Ltd earlier this year. The project area includes historic gold mines such as the South Burnett Gold Mine, with exploration plans focused on testing mineralisation extensions along strike and beneath the old workings. Discussions with landholders are underway, with a modest drilling program of approximately 750 meters across three holes targeted for late 2025 or early 2026.

Strong Insider Buying Reflects Board Confidence

Highlighting management’s confidence in the company’s exploration outlook, all current directors, the company secretary, and a former managing director collectively acquired over 27 million NewPeak shares on-market in October 2025. This represents more than 8% of the company’s total shares and underscores a bullish sentiment ahead of the planned drilling campaigns in Argentina and Australia.

Portfolio Review and Financial Position

NewPeak is also conducting strategic reviews of its Treuer Range uranium-vanadium project in Australia and the George River uranium, rare earth elements, and scandium project in Canada. These assessments will determine whether to pursue further exploration, seek third-party collaborations, or consider divestment. The company ended the quarter with a healthy cash balance of A$3.87 million, maintaining a low dilution risk as it prepares for upcoming exploration expenditures.

Overall, NewPeak Metals is positioning itself for a pivotal year ahead, with key drilling programs poised to test compelling targets across multiple jurisdictions, supported by a strengthened balance sheet and aligned leadership.