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
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.
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 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.