Many Peaks Minerals Achieves 94% Gold Recovery at Ferké

Game-Changing Metallurgical Breakthrough in Côte d'Ivoire

Many Peaks Minerals Limited (ASX:MPK) has delivered exceptional preliminary metallurgical results from its Ferké Gold Project in Côte d'Ivoire. These gold recovery results from Many Peaks Minerals demonstrate remarkable success, with bottle roll leach tests achieving an impressive 94% average gold recovery across sulfide material from the Ouarigue prospect. Furthermore, individual samples from high-grade intervals (>1g/t Au) demonstrated even stronger performance, with over 95% recovery rates when tested using both fire assay and LeachWell™ bottle roll methods.

The results represent a significant milestone for Many Peaks, confirming that gold mineralisation at Ferké is non-refractory and amenable to conventional cyanide leach processing. This discovery opens the door to low-capital expenditure and low-cost production options, positioning the project as a potentially economic bulk-tonnage gold operation.

Management Commentary:
"Our 94% gold recovery in preliminary metallurgical results in sulfide material from Ferké provide a positive indication of gold recovery potential for the Ouarigue prospect. Importantly, the results underpin the potential for relatively low capital expenditure and low production cost processing options." – Travis Schwertfeger, Managing Director

Understanding Cyanide Leach Processing: Why It Matters for Investors

Cyanide leach processing represents the gold standard for extracting gold from ore, particularly for bulk-tonnage operations. This method involves dissolving gold particles using a weak cyanide solution, allowing for efficient extraction of the precious metal from host rock.

Why This Matters to Investors:

• Lower capital costs compared to more complex processing methods like pressure oxidation
• Proven technology with established operating parameters and predictable outcomes
• Higher recovery rates typically translate to improved project economics
• Faster development timelines due to conventional processing requirements

The 94% recovery rate achieved at Ferké compares favourably with industry standards. Consequently, typical cyanide leach operations achieve 85-95% recovery rates. The non-refractory nature of the mineralisation means gold can be extracted without requiring expensive pre-treatment processes.

Technical Terms Explained:

• Non-refractory ore: Gold that can be extracted using conventional cyanide leaching without complex pre-treatment
• Bottle roll test: Laboratory method to assess gold leachability using rotating bottles with cyanide solution
• LeachWell™: Accelerated leaching product designed to rapidly estimate extractable gold potential

Robust Drilling Results Support Bulk-Tonnage Potential

The Ouarigue prospect continues to demonstrate exceptional scale and grade continuity. In addition, recent diamond drilling results highlight the project's bulk-tonnage potential:

The mineralised intrusion body extends over 400m in length with up to 95m true width, demonstrating remarkable continuity. Gold mineralisation is associated with a high-density array of quartz and quartz-carbonate veinlets within the granodiorite/tonalite body. However, this provides multiple targets for extraction.

Accelerated Development Timeline Ahead

Many Peaks has outlined an aggressive exploration and development strategy for the 2025-26 field season, with activities fully funded throughout the period:

Immediate Next Steps:

• November 2025: RC drilling campaign commences targeting delineation and regional targets
• Late 2025: Diamond drilling programme resumes following RC campaign completion
• Ongoing: Ground geophysics survey to prioritise regional targets
• Q1 2026: Advanced metallurgical testwork to optimise processing conditions

Advanced Metallurgical Programme:

• Confirmation of processing viability under commercial conditions
• Assessment of reagent consumption and optimal grind size
• Leach optimisation across different mineralised host rocks
• Economic modelling to support future development decisions

The company has completed 20,951m of drilling from 64 drill holes in 2025. Furthermore, assays are pending on 12 additional holes, demonstrating significant momentum in project advancement.

Investment Thesis: Low-Cost Gold Production Potential

Many Peaks Minerals presents a compelling investment opportunity in the West African gold sector. The gold recovery results from Many Peaks Minerals showcase several key differentiators:

Competitive Advantages:

• Exceptional metallurgical characteristics with 94% recovery rates
• Low-cost processing potential using conventional cyanide leach methods
• Bulk-tonnage scale with wide, continuous mineralisation
• Strategic location in Côte d'Ivoire's proven Birimian gold belt
• Experienced management team with West African development experience

Industry Context:

The West African gold sector has produced several world-class operations. In addition, Côte d'Ivoire has emerged as a significant gold producer. The country's mining-friendly jurisdiction and established infrastructure provide favourable conditions for project development.

Economic Potential:

The combination of high recovery rates, conventional processing methods, and substantial mineralisation suggests strong potential for economic gold production. For instance, the non-refractory nature of the ore eliminates the need for complex pre-treatment, significantly reducing both capital and operating costs.

Why Investors Should Follow Many Peaks Minerals

Many Peaks Minerals has positioned itself as an emerging force in West African gold exploration. The Ferké Gold Project represents a potential company-making asset, whilst the recent metallurgical breakthrough provides crucial validation of the project's economic potential. Moreover, the extensive mineralised system offers multiple expansion opportunities.

Key Investment Catalysts:

• Resource estimation expected following completion of current drilling programmes
• Advanced metallurgical studies to confirm commercial processing parameters
• Regional exploration across the 37km mineralised corridor
• Strategic partnerships or development funding opportunities

Differentiation Factors:

• Proven high-grade, wide mineralisation with exceptional continuity
• Low-cost processing potential reducing development risk
• Extensive exploration upside across multiple prospects
• Experienced management with successful West African track record

Investment Takeaway:
Many Peaks Minerals has delivered exceptional metallurgical results that validate the economic potential of its Ferké Gold Project. With 94% recovery rates, conventional processing methods, and substantial bulk-tonnage potential, the company offers significant upside for investors seeking exposure to West African gold development. The upcoming RC drilling campaign and advanced metallurgical studies represent key catalysts for continued value creation.

The combination of outstanding metallurgical performance, substantial mineralisation, and aggressive development timeline positions Many Peaks as a compelling opportunity in the junior gold sector. Consequently, these gold recovery results from Many Peaks Minerals indicate potential for significant value appreciation as the project advances toward resource definition and development studies.

Want to Capitalise on Many Peaks' Metallurgical Breakthrough?

Many Peaks Minerals' exceptional 94% gold recovery results and bulk-tonnage potential at the Ferké Gold Project represent a compelling investment opportunity in West African gold development. With fully funded exploration programmes accelerating through 2025-26 and advanced metallurgical studies confirming low-cost processing potential, now is the time to evaluate Many Peaks' position in your investment portfolio. Discover how this metallurgical breakthrough could translate into significant value creation by exploring the company's full project portfolio and development strategy at manypeaks.com.au.