NewPeak Metals Limited (ASX:NPM)

ALERT: Price-sensitive ASX Announcement for NPM

Current share price for NPM : $0.017 0.001 (6.25%)⁺

Announcement

Drilling to proceed at Las Openas and Tansey Projects

Release

7 Oct 2025 8:42AM

Price at Release

$0.016

Full Release

Summary

NewPeak Metals Limited announced plans to proceed with drilling operations at its Las Opeñas and Tansey gold projects using existing cash reserves. The company recently acquired the remaining 49% of Las Opeñas Metals S.A., achieving full ownership of the Las Opeñas gold exploration permits in Argentina. The Las Opeñas site, reinterpreted as a rhyolite dome and breccia complex, offers significant potential for a Tier 1 deposit. Drilling is expected to commence in Q1/Q2 2026 for Las Opeñas, while the Tansey project in Queensland aims to start in Q4 2025/Q1 2026. NewPeak holds a cash balance of A$3.8m to fund these activities, with additional strategic investments in Lakes Blue Energy providing financial flexibility.

Key Points

NewPeak acquires full ownership of Las Opeñas gold exploration permits.
Drilling at Las Opeñas and Tansey projects to proceed using existing cash.
Las Opeñas site mapped and reinterpreted as a rhyolite dome and breccia complex.
Potential for economic scale and multiple mineralisation phases at Las Opeñas.
Las Opeñas drilling expected in Q1/Q2 2026, Tansey drilling in Q4 2025/Q1 2026.
Current cash balance of A$3.8m to fund acquisition and drilling.
Retains strategic stake in Lakes Blue Energy for longer-term funding options.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.