• Many Peaks Minerals reports promising exploration results at Ferké;

• The company aims to complete a prefeasibility study by end-2026;

• Rising gold prices support investor interest and sector growth.

Many Peaks Minerals, an Australian mining company, reported promising exploration results for its Ferké gold project in Ivory Coast, signaling progress toward developing a new mine.

The company completed approximately 1,800 meters of metallurgical drilling in February. It said assays show higher gold grades across the site. Many Peaks plans to integrate these results into its first mineral resource estimate, expected this quarter.

Many Peaks aims to complete a prefeasibility study (PFS) by the end of 2026. The study will provide initial economic and technical indicators, including development costs and projected production profiles.

The company said achieving this timeline would strengthen its position in Ivory Coast and provide a solid base to advance Ferké toward full-scale development.

The project benefits from rising gold prices since early 2025, which bolster investor interest in West African gold assets. Ferké complements existing developments such as Boundiali (Aurum Resources), Afema (Turaco Gold), and Didievi, reflecting Ivory Coast’s emergence as a growing gold hub in the region.

Analysts say the next months will be crucial to translating exploration results into actionable development plans. If Many Peaks progresses as scheduled, Ferké could become one of the next generation of gold mines driving Ivory Coast’s mining growth.

Aurel Sèdjro Houenou