Many Peaks Steps Up Ferké Drilling as Côte d’Ivoire Work Expands

Highlights

• Diamond and RC drilling is underway at the Ferké Gold Project

• Geophysics and sampling are advancing across priority targets at Odienné

• The campaign is geared toward defining a maiden resource pathway

Many Peaks has commenced diamond and RC drilling at its Ferké project while advancing geophysics and sampling at Odienné. Early 2026 results will guide follow-up programs and resource definition planning.

Exploration programs often move the fastest when multiple workstreams run in parallel—drilling to test depth, geochemistry to map mineralised trends, and geophysics to sharpen targeting. Many Peaks (ASX:MPK), an early-stage gold explorer active in Côte d’Ivoire, has stepped up activity at its Ferké Gold Project with diamond and reverse circulation drilling now underway, alongside ground geophysical survey work. At the same time, the company is progressing surface sampling and preparation for induced polarisation work at its Odienné Gold Project, signalling an “all levers on” field season approach.

What has Many Peaks started at Ferké?

The company has moved into active drilling, using both diamond and reverse circulation methods. This is typically important because each drilling style plays a distinct role:

• Reverse circulation drilling is often used to test multiple targets efficiently and build broader coverage.

• Diamond drilling is commonly used to gather more detailed geological information, including structure and rock characteristics, which can support stronger interpretation and follow-up planning.

Together, these methods can help convert early intercept-style success into a clearer picture of continuity, geometry and scale.

When are initial outcomes expected?

Many Peaks has indicated that initial results from the current program initiated in November are expected in January 2026, with assays and outcomes from other field programs to follow through the subsequent months. For exploration programs, this sequencing matters because results often guide where rigs move next, how targeting is refined, and whether the program expands.

Why does the company emphasise “acceleration” in Côte d’Ivoire?

Management is framing the past year as a period of rapidly increasing exploration pace, which has helped identify multiple gold intercepts at Ferké and define broader mineralised trends that warrant more work. In exploration terms, “acceleration” usually reflects:

• higher drilling cadence and faster target turnover,

• more data layers (geochemistry, mapping, airborne datasets),

• stronger confidence in priority target selection.

The stated focus appears to be pushing toward a maiden resource pathway at Ferké, while also maintaining a pipeline of growth targets.

What’s happening at Odienné alongside drilling?

While drilling progresses at Ferké, the company is running complementary work at Odienné, including:

• sampling to extend surface geochemistry across newly defined mineralised trends, and

• early field work to support planned induced polarisation ground geophysical campaigns.

This parallel approach can be useful because it builds a queue of drill-ready targets rather than waiting for a single area to “finish” before the next begins.

How large is the planned field season campaign?

Many Peaks has outlined an initial campaign size for the field season, with flexibility to increase drilling based on outcomes. In exploration, this is a typical mechanism: start with a defined base program, then scale up if early results support stronger confidence and prioritisation.

What’s the significance of the regional target pipeline?

A key feature of the update is that priority regional targets are expected to be tested after extensions work at the main prospect area is completed. This matters because it indicates the company is not only extending known mineralisation, but also aiming to:

• broaden the discovery footprint, and

• test discrete targets identified through prior reconnaissance-style drilling and datasets.

A strong regional pipeline can be important for long-term growth optionality, especially if multiple target areas show consistent geology.

Why is the Leraba trend mentioned?

Many Peaks noted that mineralisation continues beyond the current prospect area along a long regional gold trend within the broader project. Highlighting a large structural corridor is often a way of signalling:

• the potential for multiple mineralised centres, and

• the rationale for step-out and regional testing beyond the current focus zone.

What does the Ouarigue prospect work aim to achieve?

The early portion of the campaign is focused on extensions to mineralisation that remain open in multiple directions at the Ouarigue prospect. The described geometry—mineralisation along a shear zone with an intrusion component that extends down-dip—suggests a target style where follow-up drilling often aims to:

• confirm continuity along strike and at depth,

• understand controls on grade distribution,

• define zones suitable for more systematic drilling.

What should readers watch next?

For an explorer running multiple programs at once, useful watchpoints typically include:

• how consistently results support continuity at the main prospect area,

• whether geophysics tightens targeting and improves hit-rate,

• whether regional targets deliver “new centre” style results,

• whether the program expands as data builds confidence,

• whether the pathway toward a maiden resource becomes clearer through systematic drilling.