Ferké Drilling Yields 24m at 1.33g/t and 7m at 3.16g/t Gold Intercepts

Reconnaissance Drilling Defines New Gold Targets

Many Peaks Minerals Limited (ASX – MPK) has announced encouraging assay results from its recent reconnaissance reverse circulation (RC) drilling campaign at the Ferké Project in Côte d’Ivoire. The drilling focused on a 9.5-kilometre segment of the broader 37-kilometre Leraba shear corridor, a structurally significant zone known for hosting orogenic gold mineralisation.

The results confirm multiple extension targets along this corridor, with several intercepts returning notable gold grades. Highlights include 24 metres at 1.33 grams per tonne (g/t) gold from surface, 7 metres at 3.16 g/t from 77 metres depth, and 3 metres at 4.55 g/t from 114 metres. These findings validate the continuity of mineralisation and open-ended potential along the shear zone.

Ongoing Diamond Drilling Advances Understanding

Complementing the RC drilling, Many Peaks continues its diamond drilling campaign at the Ouarigue prospect within the Ferké Project. Since April 2025, over 18,500 metres of core drilling has been completed, with plans to extend this to 22,000 metres. Recent diamond drill results have returned impressive intercepts such as 75 metres at 6.11 g/t and 84.8 metres at 3.01 g/t gold, underscoring the prospect’s potential for significant bulk tonnage mineralisation.

The diamond drilling aims to delineate the extent and geometry of mineralisation, providing critical data for future resource estimation and feasibility studies. Assay results from recently shipped core samples are anticipated in the coming weeks, which will further inform the project’s development trajectory.

Strategic Exploration and Project Advancement

Many Peaks holds an earn-in agreement to acquire up to 85% interest in the Ferké Project by sole funding exploration and feasibility activities. The company’s systematic approach integrates wide-spaced reconnaissance drilling, detailed diamond core drilling, and geochemical surveys to progressively refine target areas and expand the known mineralised corridor.

Importantly, the company is preparing for follow-up drilling scheduled to commence in December 2025, focusing on priority extensional targets identified through the recent RC results. This next phase aims to test the open-ended nature of mineralisation and potentially increase the scale of the resource.

Environmental and Regulatory Context

The Ferké Project area has recently been subject to forestry classification, which may influence permitting timelines. However, existing mineral rights and frameworks in Côte d’Ivoire provide mechanisms to maintain continuity of exploration and eventual mining rights. Many Peaks is actively managing these considerations as part of its project development strategy.

Overall, the combination of significant drill intercepts, ongoing core drilling, and a clear pathway to resource definition positions Many Peaks well to advance the Ferké Project within the highly prospective Birimian gold terrane of West Africa.