# P2 Gold Gabbs Project Update: Feasibility Study on Track Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/p2-gold-gabbs-project-update-feasibility-study-on-track--dfebf0d2-a99d-4624-8a58-ccb875a749f0 Original source: https://www.newswire.ca/news-releases/p2-gold-gabbs-project-update-feasibility-study-on-track-817915291.html Publisher: cnw Original announcement: 2026-09-21T09:30:50.710Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas 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 factor: Feasibility Study is on track for Q1 2027 completion, indicating project advancement. - Positive factor: Increased mill throughput and higher production targets \(150,000 oz gold, 45-50 Mlb copper\) suggest improved project scale. - Positive factor: High metallurgical recoveries for sulphide mineralization \(94.5% gold, 79.9% copper\) are positive. - Positive factor: Water rights acquisition is progressing, addressing a critical project component. - Negative factor: 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 Bankable** Polarity: positive Definition: 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 Complete** Polarity: positive Definition: 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 Recovery** Polarity: positive Definition: 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 Permitted** Polarity: positive Definition: 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 Update** Polarity: neutral Story-specific tag Definition: 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 Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: the document describes a heap\_leach route \("heap leach"\) **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("flotation"\) **Multi-Domain Tested** Polarity: positive Definition: 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 leach [Link to this fact](https://atlas-extractions.minestarters.com/news/p2-gold-gabbs-project-update-feasibility-study-on-track--dfebf0d2-a99d-4624-8a58-ccb875a749f0#fact-metallurgical-facts-2) Gabbs Project · gold #### 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 factor: High recovery of 94.5% for gold from sulphide mineralization via milling is excellent. - Positive factor: 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 Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: processing\_route matches the heap\_leach signal **High Recovery** Polarity: positive Definition: 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 leach [Link to this fact](https://atlas-extractions.minestarters.com/news/p2-gold-gabbs-project-update-feasibility-study-on-track--dfebf0d2-a99d-4624-8a58-ccb875a749f0#fact-metallurgical-facts-3) Gabbs Project · copper #### 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 factor: Good recovery of 79.9% for copper from sulphide mineralization via milling is positive. - Positive factor: Feasibility study-level test work indicates advanced stage of metallurgical understanding. Evidence · text > and 79.9% for copper #### Tags used in scoring **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: processing\_route matches the heap\_leach signal ### column leach [Link to this fact](https://atlas-extractions.minestarters.com/news/p2-gold-gabbs-project-update-feasibility-study-on-track--dfebf0d2-a99d-4624-8a58-ccb875a749f0#fact-metallurgical-facts-4) Gabbs Project · gold Historical result Needs review: historical\_restatement #### 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 factor: 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 Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: processing\_route matches the heap\_leach signal **High Recovery** Polarity: positive Definition: 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 leach [Link to this fact](https://atlas-extractions.minestarters.com/news/p2-gold-gabbs-project-update-feasibility-study-on-track--dfebf0d2-a99d-4624-8a58-ccb875a749f0#fact-metallurgical-facts-5) Gabbs Project · copper Historical result Needs review: historical\_restatement #### 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 factor: 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 Route** Polarity: neutral Definition: 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.