P2 is advancing the Gabbs Project in Nevada towards a preliminary economic assessment and the BAM Project in the Golden Triangle towards an initial Mineral Resource.
The Gabbs Project has significant expansion potential, with an Indicated Mineral Resource of 1.12 million ounces of gold equivalent or 0.65 million ounces of gold and 266.7 million pounds of copper (43.4 million tonnes grading 0.47 g/t gold and 0.28% copper) and an Inferred Mineral Resource of 1.64 million ounces of gold equivalent or 0.88 million ounces of gold and 376.1 million pounds of copper (69.9 million tonnes grading 0.39 g/t gold and 0.24% copper).
The Monarch Gold Zone at BAM is the newest gold discovery in the Golden Triangle.