Northwire Canada EditionTuesday, July 28, 2026
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RIO 2.62 −3.0% GEN 0.070 +0.0% MAI 4.37 −2.5% RYR 0.175 +0.0% SCD 0.170 +1.5% SRC 1.75 −2.8% FOXT 0.165 +6.5% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.290 −3.3% HMR 0.550 +1.9% NRC 0.920 −8.0% SIG 0.925 +0.5% LMR 0.115 +53.3% XTM 0.065 +0.0% CRG 0.215 −2.3% RIO 2.62 −3.0% GEN 0.070 +0.0% MAI 4.37 −2.5% RYR 0.175 +0.0% SCD 0.170 +1.5% SRC 1.75 −2.8% FOXT 0.165 +6.5% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.290 −3.3% HMR 0.550 +1.9% NRC 0.920 −8.0% SIG 0.925 +0.5% LMR 0.115 +53.3% XTM 0.065 +0.0% CRG 0.215 −2.3%
Technical Study Material +

RPX Gold Files NI 43-101 Technical Report for Robust Wawa Gold Project PEA Highlighting C$523M NPV "After-tax" and <1 Year Payback

RPX Gold delivers a high-margin, low-CAPEX blueprint for rapid production at Wawa

By The Northwire Desk — AI Analysis Mar 18, 2026 · 17:51 RPX · 0.19 RPX Gold Inc.
Executive Summary

The most recent news (March 18, 2026) confirms the filing of the NI 43-101 Technical Report for the Wawa Gold Project PEA. This follows the February 18, 2026, announcement of the PEA results. The report outlines a phased development strategy starting with near-surface open-pit mining followed by underground production. Key metrics include an after-tax NPV5% of C$523M and a staggering IRR of 99.7% based on a US$3,500/oz gold price. The project boasts a remarkably low initial capital requirement of C$51.2M and a payback period of less than one year (0.9 years), primarily due to a toll-milling strategy that bypasses the need for an on-site mill or tailings facility.

Material Impact

The impact is Material - Positive. While the PEA results were previously disclosed, the formal filing of the Technical Report solidifies the economic viability of the Wawa project in the public record. - Economic Robustness: An IRR of nearly 100% is exceptional, even at elevated gold prices. The low CAPEX (C$51M) relative to the NPV (C$523M) suggests a highly efficient "leverage" play on gold. - De-risking: By utilizing toll milling, the company significantly reduces permitting timelines and environmental liabilities associated with tailings management. - Resource Growth: The PEA is supported by a 48% increase in Indicated resources (now 1.24 Moz), proving that the 2025 drilling campaign successfully converted exploration targets into mineable ounces. - Cash Flow: The projected C$85M annual free cash flow would dwarf the company's current market cap, suggesting significant potential for a re-rating as the project moves toward a Pre-Feasibility Study (PFS).

RPX · Price
Company Overview

RPX Gold is focused on the 100%-owned Wawa Gold Project in Ontario, a brownfield site with significant existing infrastructure (13,000m of underground development). The project sits in a prolific region near the Island Gold Mine. The strategy has shifted from deep exploration to a "starter pit" concept to generate early cash flow. - Flagship: Wawa Gold Project. - Resource: 1.24 Moz Indicated and 0.5 Moz Inferred (per Feb 2026 update). - Status: PEA complete, moving toward PFS.

Read the original news release →

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Jul 14, 2026 · 06:45

RPX adds a second drill rig to accelerate resource conversion and derisk the preliminary feasibility study timeline at its Wawa gold project.

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