What Do Inventus' Latest Drill Results Mean for Shareholders?
Today's drill results represent another important step in understanding the long-term potential of the Pardo Gold Project. While the headline highlights an impressive intercept of 10.5 g/t gold over 0.50 metres within the Matinenda Layer, the broader significance extends well beyond a single high-grade interval.
1. The Matinenda Layer continues to emerge as an important source of potential growth.
Until recently, much of the exploration focus at Pardo centred on the Main Layer. These latest results continue to demonstrate that the Matinenda Layer is also capable of hosting meaningful gold mineralization, including both broad mineralized intervals and higher-grade zones.
Importantly, this isn't an isolated occurrence. Multiple drill holes returned encouraging gold values across the Matinenda Layer, strengthening confidence that mineralization extends across this second conglomerate horizon.
2. Multiple mineralized layers create more opportunities to grow the resource.
One of Pardo's unique characteristics is that it contains several flat-lying conglomerate horizons capable of hosting gold mineralization.
Every successful intercept within the Matinenda Layer increases confidence in future resource growth. Instead of relying solely on expansion of the Main Layer, Inventus is demonstrating additional opportunities to add ounces within the broader Pardo system.
For shareholders, this expands the overall growth potential of the project as drilling continues.
3. High-grade intervals matter because they demonstrate the quality of the system.
The 10.51 g/t gold interval naturally attracts attention, but it should be viewed within the context of the broader mineralized package.
Several holes intersected gold over wider intervals containing higher-grade cores. This pattern is consistent with the geological model being developed at Pardo and suggests the Matinenda Layer can contain localized zones of significantly higher grade while remaining part of a broader mineralized horizon.
4. Every drill hole adds confidence ahead of the maiden resource.
Inventus has consistently stated that its goal is not simply to find isolated high-grade intersections, but to systematically define the size, continuity and geometry of the mineralized system ahead of its planned maiden mineral resource estimate.
These latest results contribute another piece of that puzzle.
Each successful hole improves the geological understanding of the deposit, provides additional data for future resource modelling, and continues to demonstrate that mineralization extends beyond the Main Layer into additional stacked horizons.
5. The release also provided important project updates.
In addition to the latest drill results, Inventus provided several operational updates that highlight the continued advancement of the Pardo Gold Project.
The 2026 drill program continues to accelerate.
Inventus is rapidly advancing its fully funded Phase 2 Drill program. With a second drill rig mobilized on June 18th, 57 additional holes have been completed with assays pending. Drilling continues to confirm that Pardo hosts multiple stacked gold-bearing horizons, with several holes intersecting mineralization in both the Main and Matinenda layers.
Bulk sampling continues to advance.
The release also confirmed continued progress on the bulk sampling program. Processing and analysis of bulk sample material remains an important component of understanding the deposit, complementing drilling by providing larger-scale information on grade distribution and supporting future development studies.
Resource growth remains the focus.
Taken together, the drilling, bulk sampling, and continued expansion of the Matinenda Layer all point toward the same objective: building a larger, better-defined mineral resource.
Rather than relying on a single exploration success, Inventus is systematically advancing multiple aspects of the project simultaneously. For shareholders, this represents continued progress toward reducing geological uncertainty while positioning the Pardo Gold Project for its planned maiden mineral resource estimate.
WHAT INVESTORS SHOULD WATCH FOR NEXT
Following today’s release, several upcoming catalysts may continue driving attention toward the project, including:
Continue expanding the mineralized footprint while advancing toward a maiden resource estimate.
Completing the bulk sample program, including processing the 10,000 tonnes of stockpiled material and extracting the remaining 20,000 tonnes of permitted material.
Completing the ore sorting test work to support the Company’s planned direct-ship ore (“DSO”) development model.
Completing heap leach testing to evaluate onsite processing optionality as the scale of the Pardo gold system continues to grow.
Advancing production permitting initiatives for the near-surface part of the Main Layer, targeted for mid-2027.
“The discovery of high-grade gold in the Matinenda Layer is an important milestone at Pardo. Until now, our primary focus has been the Main Layer, which remains the foundation of our near-surface development strategy. The new results from the Matinenda demonstrate that Pardo has the potential to be much more than a single-layer gold system. We are now seeing high-grade gold in multiple stacked, flat-lying conglomerate horizons, all at shallow depths. That has important implications for resource growth, future mine planning and the overall scale potential at Pardo.
What is especially exciting is that we are able to test this system quickly and cost-effectively due to the shallow and flat-lying geometry of the mineralization. With two drills turning, a fully funded program, an ongoing bulk sample program, and a maiden resource estimate planned for Q4, this is a very active and important period for Inventus.”
