Many Peaks Minerals (MPK) H1 2026 earnings summary

Executive summary

• Completed a highly successful diamond drilling campaign at the Ferké project, expanding to 20,951m with significant gold intersections and a maiden Mineral Resource estimate expected by mid-2026.

• Advanced RC and air core drilling at Ferké, confirming gold mineralisation over >10km of a 37km corridor.

• Progressed Odienné and Baga Gold Projects, with positive RC results at Odienné and ongoing geochemistry at Baga.

• Strengthened leadership with the appointment of an Executive Director/COO with extensive West African experience.

Financial highlights

• Net loss for the half-year was $1,357,005, compared to a $363,810 loss in the same period last year.

• Revenue from interest and other income totaled $238,907, up from $192,829 year-over-year.

• Cash and cash equivalents increased to $10,962,199 from $8,468,540 at June 2025.

• Deferred exploration and evaluation expenditure rose to $17,751,305 from $9,168,643 at June 2025.

• Completed a $13,500,000 capital raising via share placement.

Outlook and guidance

• Maiden Mineral Resource estimate for Ferké anticipated by mid-2026.

• Pre-Feasibility Study at Ferké to commence, with further metallurgical and processing studies planned.

• Ongoing exploration and target ranking at Odienné and Baga, with follow-up drilling and geophysical surveys scheduled for 2026.