P2 Gold files NI 43-101 report for Gabbs

The most recent news, dated November 21, 2025, announces that P2 Gold has filed the National Instrument 43-101 (NI 43-101) technical report for the updated Preliminary Economic Assessment (PEA) on its Gabbs Project in Nevada. This filing supports the results of the PEA, which were previously announced on October 7, 2025.

The filing of a technical report is a standard regulatory requirement following the announcement of a resource estimate or economic study like a PEA. The market-moving event was the announcement of the robust PEA economics on October 7, 2025, which saw the stock price appreciate significantly. This filing is an administrative step that provides the detailed technical backup for the previously released highlights. It contains no new information and was fully expected by the market.

Therefore, the impact of this news is neutral. It simply confirms that the company is proceeding as planned and in compliance with securities regulations. The key developments for P2 Gold over the last three months have been: 1. Positive Metallurgical Results (September 2): Showed significant improvements in metal recoveries. 2. Successful Upsized Financing (Closed October 15): Raised C$11 million, providing a strong cash position to fund the company through a feasibility study. 3. Excellent Updated PEA Results (October 7): Demonstrated a high-return, robust project with a base case after-tax NPV(5%) of US$942.9 million and an IRR of 33.8%. 4. Commencement of Feasibility Work (November 10): An update confirmed that drilling is underway to upgrade resources and contracts have been awarded for feasibility-level studies.

The NI 43-101 filing is the procedural conclusion to the PEA news cycle. Investor focus has already shifted to the next catalysts.

P2 Gold Inc. is a junior mining company focused on advancing its 100%-owned flagship Gabbs gold-copper project, located on the Walker Lane Trend in Nevada, a tier-one mining jurisdiction. The project is at the advanced exploration/development stage. The recently updated 2025 PEA outlines a potential long-life (14.2 years), large-scale open-pit mine with initial heap leach processing followed by the addition of a mill circuit in year six. The project benefits from existing infrastructure, including access via a paved highway and power and water on site.