P2 Gold Sets 12 Million Tonne Per Year Mill for Gabbs Feasibility Study Due Early 2027
Original announcement by cruxinvestor on
- Company
- P2 Gold
- Ticker
- PGLD
- Exchange
- Unavailable
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Copper, Silver
- Document categories
- Metallurgy, Economic study, Resource update
- Extracted
- 2026-09-24 11:31:33 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
P2 Gold is advancing its Gabbs gold-copper project in Nevada toward a feasibility study due in Q1 2027. The study will feature an increased mill throughput of 12 million tonnes per year and higher annual production targets compared to the previous PEA.
Reasoning: The announcement outlines significant scale-up in processing capacity and production targets for the upcoming feasibility study, supported by active drilling and metallurgical testing.
Positive factors
- Increased mill throughput target (12 Mtpa)
- Higher production targets in FS vs PEA
- Ongoing drilling expanding known mineralization
- Progress on water rights and infrastructure
Negative factors
- Feasibility study timeline is still ~1.5 years away
Facts used in scoring: 5
Classification and evidence
PFS Completepositive
AACE Class 3 study complete.
Why it applies: The company is targeting a feasibility study (FS) completion in Q1 2027, which follows the previously outlined PEA.
Evidence · text
“P2 Gold is targeting completion of a feasibility study (FS) for its Gabbs gold-copper project in Nevada 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 use a mill for sulfide mineralization.
Evidence · text
“The FS will now include a mill processing 12 million tonnes per year from year 3”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: The project plans to use heap leaching for oxide mineralization.
Evidence · text
“running alongside heap leaching.”
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
Test Work
- Processing Route
- mill
- Sample
- sulfide mineralization
Recovery
- Recovery
- 94.5 %
- Recovery Basis
- unspecified
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: 94.5% recovery for sulfide gold is strong for a mill route.
Positive factors
- High recovery for sulfide gold
Evidence · text
“Estimated milling recoveries for sulfide mineralization are 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
Test Work
- Processing Route
- mill
- Sample
- sulfide mineralization
Recovery
- Recovery
- 79.9 %
- Recovery Basis
- unspecified
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: 79.9% copper recovery in a mill is moderate.
Evidence · text
“94.5% for gold 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 %View all detailsHide details
Identity
- Project
- Gabbs
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD
Test Work
- Processing Route
- heap leach
- Sample
- oxide mineralization
Recovery
- Recovery
- 85 %
- Recovery Basis
- unspecified
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: 85% recovery for gold via heap leach is strong for that route.
Positive factors
- Good recovery for heap leach
Evidence · text
“compared with 85% ... for heap leaching oxide mineralization.”
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%)
Fact 4Gabbs · copperRecovery: 67 %View all detailsHide details
Identity
- Project
- Gabbs
- Commodity
- copper
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- PGLD
Test Work
- Processing Route
- heap leach
- Sample
- oxide mineralization
Recovery
- Recovery
- 67 %
- Recovery Basis
- unspecified
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: 67% copper recovery via heap leach is typical.
Evidence · text
“compared with ... 67% for heap leaching oxide mineralization.”
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.