PEA For The Gabbs Au-Cu Project

VANCOUVER – P2 Gold Inc. reported on the 2025 Preliminary Economic Analysis update (2025 PEA) on its gold-copper Gabbs Project located on the Walker-Lane Trend in Nevada. The final recoveries for gold, copper and silver from the Phase Three Metallurgical Program with tail assays incorporated into the calculated head assays were 88% for gold, 63% for silver and 69% for copper. These results far exceed the recoveries used in the May 2024 Preliminary Economic Assessment (2024 PEA) on the Gabbs Project. Industry practice is to reduce column test results by a nominal amount for application to a heap leach pad.  Accordingly, the metal recoveries to be used in the 2025 PEA Update have been reduced by a nominal amount from the final Phase Three Program results. 
“The increase in oxide gold, copper and silver metal recoveries is expected to markedly improve the economics of the 2025 Preliminary Economic Assessment update currently being finalized,” said Joe Ovsenek, President & CEO. “The completion of the Phase Three Metallurgical Program is the first step on our road to production.”