Many Peaks Minerals
Primary ticker: ASX: MPK
Stage of development: Exploration
Primary minerals: Gold
Project to promote: Odienné Project, Ferké Project, Baga Project
Project location: Côte d’Ivoire
Website: www.manypeaks.com.au
Corporate presentation: Click here
Many Peaks is a mineral exploration company focused on a highly prospective portfolio of gold exploration assets within the Birimian terrane of Côte d’Ivoire, a top jurisdiction for both discovery and mine development potential.
Our board and management team have a strong background in West African gold exploration, resource definition, and project acquisition focused on adding value through innovative and cost-effective mineral exploration underpinning new discovery and mineral resource definition.
The Company is continually evaluating additional mineral exploration and development projects developing a pipeline of assets for growth and adding value for shareholders.
Cash: AUD 6.8M
Debt: NIL
Major shareholders:
Turaco Gold Ltd – 6.1%
Francis Harper Pty Ltd – 3.7%
Yarraandoo Pty Ltd – 3.7%
Jimsair Pty Ltd – 3.1%
P R Perry Nominees Pty Ltd – 3.0%
Management ownership – 7%
Financials
Management Profile
Travis Schwertfeger- Managing Director
Mr Schwertfeger is a geologist with over 20 years’ global industry experience primarily in gold and copper projects across Australia, Africa and South and North America.
Travis has previously held several technical roles in exploration and production including roles with Hecla Mining and also Newmont where he spent several years working throughout West Africa and Australia. Travis has prior experience in executive roles with both TSX and ASX listed entities and as a Director of ASX listed mineral exploration companies with Alicanto Minerals Ltd, Exore Resources Ltd, International Goldfields, and Magnolia Resources.
What is your rationale for taking part in 121 Mining Investment?
Many Peaks seeks to connect with portfolio managers, industry analysts and mining company management teams to highlight our exploration efforts and generate future investment interest. With an aim to showcase the quality of our team and projects, our focus on cost effective and innovative exploration, and outline the increasing value per share for shareholders that can be delivered with exploration success.
What recent news would you like to highlight to investors attending?
8 May 2024 – Acquisition of Ferké and Odienné projects in Côte d’Ivoire, 27 May 2024, Commencement of drilling (aggressive exploration within weeks of acquisition). 27 June 2024 – Completion of a 2nd transaction for a fourth Ivorian project establishing a pipeline of projects for growth. 12 Nov 2024, commencement of aggressive exploration campaign for the 2024-25 field season in Côte d’Ivoire.
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Completing Initial drill tests (fully funded) across multiple targets at both the Odienné and Ferké project areas to rank best targets for more focused delineation drilling work.
6 Months:
Well advanced into systematic drilling of targets with most significant resource potential.
12 Months:
Potential for maiden mineral resource estimation at top tier gold project in Côte d’Ivoire
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Extensive gold anomalism at two key projects highlight extensive mineralised corridors requiring drilling assessment. The company is implementing innovative and modern exploration techniques to time and cost effectively significant land holdings.
What do you think makes your company such a compelling investment?
Building on low-cost acquisition of exploration assets with over US$4.5M of previous exploration expenditure establishing drill ready targets well positioned for near term discovery and resource definition work.
What are the top 3 key investor takeaways?
1) Tight capital structure with strong register delivering significant leverage potential to exploration success. 2) Quality Projects, operating in Cote d’Ivoire, the most under-explored terrane within the fasting growing gold discovery and development region globally. 3) People – a board and management team with depth of experience in both exploration success and experience operating in West Africa.