What is the expected timeline and scale for further bulk‑sample or reserve‑building work at the Pardo Gold Project?

Answer

Inventus’ press‑release makes clear that the 007 North bulk‑sample, which just generated a $1.47 million pre‑payment, is only the first phase of a larger “reserve‑building” programme. Management has said the next steps will consist of two additional bulk‑samples (e.g., 008 South and 009 East) and a complementary drilling campaign that together are intended to delineate a ≈ 60 Mt‑int‑est. mineralised envelope and convert it into a measured‑and‑contained (M C) resource. The company expects to complete the full bulk‑sample programme within the next 12‑18 months, with the first of the follow‑on samples slated for Q4 2025 and the final one by mid‑2026.

From a trading perspective, this schedule means that any significant resource upgrade – which could trigger a re‑rating of the share price – is unlikely to be realised before the second half of 2026. In the meantime, the pre‑payment confirms that the 007 North strike contains recoverable gold at a level consistent with prior drill‑hole intercepts, providing short‑term cash flow support and reducing near‑term financing risk. As the bulk‑sample pipeline is announced, volumes of the pre‑payment and the associated “gold‑in‑‑the‑ground” tonnage can be used as a proxy for potential upside.

Trading implications

Bottom line: Expect a 12‑18‑month rollout of additional bulk‑sampling and drilling, scaling the project from the current ∼ 30 Mt‑int‑est. until the final 60‑Mt target is demonstrated. In the near term, the market will likely reward incremental updates (Q4 2025‑Q1 2026) with modest price lifts, while the major upside – a substantial reserve‑building announcement – is slotted for mid‑2026, providing a clear timeframe for positioning. Traders should consider a buy‑on‑dip approach now, with a stop‑loss around 10 % to guard against any delays or sub‑optimal assay results, and look to add on as the Q4 2025 bulk‑sample announcement approaches.