# P2 Gold Sets 12 Million Tonne Per Year Mill for Gabbs Feasibility Study Due Early 2027 Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/p2-gold-sets-12-million-tonne-per-year-mill-for-gabbs-feasibility-study-due-earl--7377ad48-aa91-433c-852f-512d038c28b8 Original source: https://www.cruxinvestor.com/posts/p2-gold-sets-12-million-tonne-per-year-mill-for-gabbs-feasibility-study-due-early-2027 Publisher: cruxinvestor Original announcement: 2026-09-23T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas 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 factor: Increased mill throughput target \(12 Mtpa\) - Positive factor: Higher production targets in FS vs PEA - Positive factor: Ongoing drilling expanding known mineralization - Positive factor: Progress on water rights and infrastructure - Negative factor: Feasibility study timeline is still ~1.5 years away Facts used in scoring: 5 ## Classification and evidence **PFS Complete** Polarity: positive Definition: 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 Route** Polarity: neutral Definition: 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 Route** Polarity: neutral Definition: 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 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) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/p2-gold-sets-12-million-tonne-per-year-mill-for-gabbs-feasibility-study-due-earl--7377ad48-aa91-433c-852f-512d038c28b8#fact-metallurgical-facts-1) Gabbs · gold #### 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 factor: High recovery for sulfide gold Evidence · text > Estimated milling recoveries for sulfide mineralization are 94.5% for gold ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/p2-gold-sets-12-million-tonne-per-year-mill-for-gabbs-feasibility-study-due-earl--7377ad48-aa91-433c-852f-512d038c28b8#fact-metallurgical-facts-2) Gabbs · copper #### 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 Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 79.9% is below the weak band \(80%\) ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/p2-gold-sets-12-million-tonne-per-year-mill-for-gabbs-feasibility-study-due-earl--7377ad48-aa91-433c-852f-512d038c28b8#fact-metallurgical-facts-3) Gabbs · gold #### 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 factor: Good recovery for heap leach Evidence · text > compared with 85% ... for heap leaching oxide mineralization. #### 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 \(75%\) ### Fact 4 [Link to this fact](https://atlas-extractions.minestarters.com/news/p2-gold-sets-12-million-tonne-per-year-mill-for-gabbs-feasibility-study-due-earl--7377ad48-aa91-433c-852f-512d038c28b8#fact-metallurgical-facts-4) Gabbs · copper #### 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 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.