The four mineral permits encompass a vast 1,275km2 land package including advanced stage exploration projects (see Figure 1).
The consideration paid by the Company for a 100% interest in CDI Holdings (Guernsey) Ltd for the acquisition included:
Future Work Programs
Many Peaks plans to immediately commence initial diamond drill tests concurrent with auger drilling and surface geochemistry activity at the Odienne project in the current quarter. Concurrent with auger work, the company has already initiated field work complete mapping, regolith studies and modelling reviews with a focus on identifiying extensions to open gold mineralisation defined in the successful air core drilling tests completed last year at Odienne.
At the Ferke project auger drilling is anticipated to commence next quarter with a focus on defining additional targets to extend mineralisation. Follow-up drilling to expand on the intitial discovery success at Ferke generated from limited RC and diamond drilling coverage is planned to complete before year end within the 17km gold anomaly hosting the Ouarigue South discovery within the Ferke Project. (refer to ASX release dated 26 March 2024).
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