P2 Gold Gabbs Project Update: Feasibility Study on Track
Original announcement by cnw on
- Company
- P2 Gold Inc.
- Ticker
- PGLD
- Exchange
- Unavailable
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Copper, Silver
- Document categories
- Metallurgy, Economic study, Permitting
- Extracted
- 2026-09-21 09:34:45 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
P2 Gold Inc. provided an update on its Gabbs Project, confirming the Feasibility Study is on track for completion in Q1 2027. The study will incorporate a phased production approach with increased mill throughput to 12 million tonnes per year, targeting annual production of 150,000 ounces gold and 45-50 million pounds of copper. Metallurgical test work shows high recoveries for sulphide mineralization (94.5% gold, 79.9% copper), and water rights acquisition is progressing.
Reasoning: The announcement provides a positive update on the Gabbs Project's Feasibility Study, indicating significant progress towards completion, increased production targets, and favorable metallurgical results for the planned processing routes. Key permitting and water rights milestones are also advancing.
Positive factors
- Feasibility Study is on track for Q1 2027 completion, indicating project advancement.
- Increased mill throughput and higher production targets (150,000 oz gold, 45-50 Mlb copper) suggest improved project scale.
- High metallurgical recoveries for sulphide mineralization (94.5% gold, 79.9% copper) are positive.
- Water rights acquisition is progressing, addressing a critical project component.
Negative factors
- The document refers to a PEA from October 2025, which is becoming stale, though a FS is underway.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 7
Classification and evidence
DFS Bankablepositive
AACE Class 2-1 study complete and within the staleness window.
Why it applies: A feasibility study for placing the Gabbs Project in production is targeted for completion in the first quarter of 2027.
Evidence · text
“A feasibility study for placing the Gabbs Project in production is targeted for completion in the first quarter of 2027.”
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: Feasibility study-level column and flotation test work is underway for the Sullivan, Lucky Strike, and Car Body zones. Twenty-two columns are at various stages in the program for the oxide mineralization at the Sullivan and Lucky Strike zones.
Evidence · text
“Feasibility study-level column and flotation test work is underway for the Sullivan, Lucky Strike, and Car Body zones. Twenty-two columns are at various stages in the program for the oxide mineralization at the Sullivan and Lucky Strike zones.”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Recoveries for milling the sulphide mineralization are estimated to be 94.5% for gold and 79.9% for copper.
Evidence · text
“Recoveries for milling the sulphide mineralization are estimated to be 94.5% for gold and 79.9% for copper”
Fully Permittedpositive
Key permits granted with no unresolved challenge.
Why it applies: Approval of the change of use is anticipated to occur in three to six months, coinciding with the projected completion of the Gabbs feasibility study. The Water Rights are expected to be sufficient to support mining operations at Gabbs at the planned feasibility study production rate.
Evidence · text
“Approval of the change of use is anticipated to occur in three to six months, coinciding with the projected completion of the Gabbs feasibility study. The Water Rights are expected to be sufficient to support mining operations at Gabbs at the planned feasibility study production rate.”
Resource Updateneutral · Story-specific tag
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The Updated Mineral Resource estimate will incorporate all drilling to date and is expected to be completed in the fourth quarter of 2026.
Evidence · text
“The Updated Mineral Resource estimate will incorporate all drilling to date and is expected to be completed in the fourth quarter of 2026.”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: the document describes a heap_leach route ("heap leach")
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("flotation")
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)
column leachGabbs Project · goldRecovery: 94.5 %View all detailsHide details
Identity
- Project
- Gabbs Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD
Test Work
- Program Status
- detailed
- Test Type
- column leach
- Processing Route
- mill facility
- Sample
- sulphide mineralization
Recovery
- Recovery
- 94.5 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: The reported gold recovery of 94.5% from sulphide mineralization through milling is very strong and indicates favorable metallurgy for the primary processing route.
Positive factors
- High recovery of 94.5% for gold from sulphide mineralization via milling is excellent.
- Feasibility study-level test work indicates advanced stage of metallurgical understanding.
Evidence · text
“Recoveries for milling the sulphide mineralization are estimated to be 94.5% for gold”
Tags used in scoring
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: processing_route matches the heap_leach signal
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 94.5% is at or above the exceptional band (75%)
column leachGabbs Project · copperRecovery: 79.9 %View all detailsHide details
Identity
- Project
- Gabbs Project
- Commodity
- copper
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD
Test Work
- Program Status
- detailed
- Test Type
- column leach
- Processing Route
- mill facility
- Sample
- sulphide mineralization
Recovery
- Recovery
- 79.9 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: The reported copper recovery of 79.9% from sulphide mineralization through milling is a good result, supporting the planned processing approach.
Positive factors
- Good recovery of 79.9% for copper from sulphide mineralization via milling is positive.
- Feasibility study-level test work indicates advanced stage of metallurgical understanding.
Evidence · text
“and 79.9% for copper”
Tags used in scoring
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: processing_route matches the heap_leach signal
column leachGabbs Project · goldRecovery: 85 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gabbs Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD
Test Work
- Program Status
- detailed
- Test Type
- column leach
- Processing Route
- heap leach facility
- Sample
- oxide mineralization
Recovery
- Recovery
- 85 %
- Recovery Basis
- actual_test
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: The 85% gold recovery from oxide material via heap leaching is a good result, aligning with expectations for this processing method.
Positive factors
- Recovery of 85% for gold from oxide mineralization via heap leaching is a solid result for this processing route.
Evidence · text
“heap leaching the oxide mineralization, which are estimated to be 85% for gold”
Tags used in scoring
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: processing_route matches the heap_leach signal
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 85% is at or above the exceptional band (75%)
column leachGabbs Project · copperRecovery: 67 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gabbs Project
- Commodity
- copper
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD
Test Work
- Program Status
- detailed
- Test Type
- column leach
- Processing Route
- heap leach facility
- Sample
- oxide mineralization
Recovery
- Recovery
- 67 %
- Recovery Basis
- actual_test
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: The 67% copper recovery from oxide material via heap leaching is a reasonable result, supporting the planned processing method.
Positive factors
- Recovery of 67% for copper from oxide mineralization via heap leaching is a reasonable result for this processing route.
Evidence · text
“and 67% for copper.”
Tags used in scoring
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: processing_route matches the heap_leach signal
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.