P2 Gold Gabbs Project Update: Feasibility Study on Track
Original announcement by orestocks on
- Company
- P2 Gold Inc.
- Ticker
- PGLD.V
- Exchange
- Unavailable
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Copper, Silver
- Document categories
- Metallurgy, Economic study, Permitting
- Extracted
- 2026-09-21 10:49:42 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
P2 Gold provides an update on the Gabbs Project in Nevada, confirming that a feasibility study is on track for completion in Q1 2027. The company has outlined a phased production strategy involving both heap leach and mill facilities, with an increased mill throughput of 12 Mtpa to target sulphide mineralization. Metallurgical testing and an updated mineral resource estimate are both expected in late 2026.
Reasoning: The announcement provides a significant update on the project's development path, specifically detailing a phased production approach and increased mill throughput which improves projected recoveries. While it lacks new assay results, the engineering and permitting milestones are clearly defined.
Positive factors
- Feasibility study on track for Q1 2027
- Increased mill throughput capacity (12 Mtpa)
- Higher projected recoveries for sulphide mineralization
- Successful expansion of known mineralization zones
- Water rights acquisition secured
Negative factors
- Metallurgical results for flotation and locked-cycle testing are still pending
Facts used in scoring: 4
Classification and evidence
PFS Completepositive
AACE Class 3 study complete.
Why it applies: The company is currently advancing a feasibility study targeted for Q1 2027.
Evidence · text
“A feasibility study for placing the Gabbs Project in production is targeted for completion in the first quarter of 2027.”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The project plans to utilize a mill facility for sulphide mineralization starting in year three.
Evidence · text
“the feasibility study will now proceed with plans for the mill facility on start up in year three to operate at a rate of 12 million tonnes per year.”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: The project includes a phased approach using a heap leach facility for oxide and early-stage mineralization.
Evidence · text
“Preproduction, Car Body gold-silver mineralization delivered to the heap leach facility”
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 2 distinct composites were tested
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Metallurgical Results (4)
Fact 1Gabbs · goldRecovery: 94.5 %View all detailsHide details
Identity
- Project
- Gabbs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD.V
Test Work
- Sample
- sulphide mineralization for mill facility
Recovery
- Recovery
- 94.5 %
- Recovery Basis
- unspecified
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: 94.5% recovery for gold in the mill route is considered strong.
Positive factors
- High recovery estimate for sulphide ore
Evidence · text
“Recoveries for milling the sulphide mineralization are estimated to be 94.5% for gold”
Fact 2Gabbs · copperRecovery: 79.9 %View all detailsHide details
Identity
- Project
- Gabbs
- Commodity
- copper
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD.V
Test Work
- Sample
- sulphide mineralization for mill facility
Recovery
- Recovery
- 79.9 %
- Recovery Basis
- unspecified
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: 79.9% copper recovery in a mill route is a solid estimate for sulphide ore.
Positive factors
- Significant increase over oxide heap leach recoveries
Evidence · text
“and 79.9% for copper”
Tags used in scoring
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 79.9% is below the weak band (80%)
Fact 3Gabbs · goldRecovery: 85 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gabbs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD.V
Test Work
- Sample
- oxide mineralization for heap leach facility
Recovery
- Recovery
- 85 %
- Recovery Basis
- unspecified
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-07T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: Standard recovery for oxide heap leach.
Evidence · text
“estimated to be 85% for gold”
Fact 4Gabbs · copperRecovery: 67 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gabbs
- Commodity
- copper
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD.V
Test Work
- Sample
- oxide mineralization for heap leach facility
Recovery
- Recovery
- 67 %
- Recovery Basis
- unspecified
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-07T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: Standard recovery for oxide heap leach.
Evidence · text
“and 67% for copper”
Tags used in scoring
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 67% is below the weak band (80%)
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.