# RPX Gold Files NI 43-101 Technical Report for Robust Wawa Gold Project PEA Highlighting C$523M NPV "After-tax" and <1 Year Payback Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/rpx-gold-files-ni-43-101-technical-report-for-robust-wawa-gold-project-pea-highl--98d9e755-6384-4d8d-9f35-2f7a0fef3924 Original source: https://money.tmx.com/en/quote/RPX/news/8536480567550490/rpx-gold-files-ni-43-101-technical-report-for-robust-wawa-gold-project-pea-highl Publisher: tmx Original announcement: 2026-03-18T21:51:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: RPX Gold Inc. - Ticker: RPX - Exchange: TSX - Region: northwestern Ontario - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Economic study, Resource update - Extracted: 2026-09-18 18:49:23 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary RPX Gold has filed a NI 43-101 technical report supporting a Preliminary Economic Assessment \(PEA\) for the Wawa Gold Project in Ontario. The PEA highlights an after-tax NPV of C$523M and an IRR of 99.7% based on a gold price of US$3,500/oz, with a very rapid payback of less than one year. Reasoning: The filing of the NI 43-101 technical report formalizes a highly robust PEA with exceptional economics, though the novelty is tempered by the fact that these results were previously announced. - Positive factor: High IRR of 99.7% in base case - Positive factor: Very short payback period of <1 year - Positive factor: Strong NPV of C$523M - Positive factor: Low initial capital requirement of C$51M - Negative factor: PEA stage implies high uncertainty and reliance on Inferred resources - Negative factor: Results are a re-release of previously announced PEA data \(Feb 18, 2026\) Facts used in scoring: 5 ## Classification and evidence **PEA Only** Polarity: neutral Definition: Only Class 4 / Initial Assessment economics available. Not bankable. Why it applies: The document describes a Preliminary Economic Assessment \(PEA\) which is a conceptual study. Evidence · text > supporting the Preliminary Economic Assessment \(“ PEA ”\) **High IRR** Polarity: positive Definition: Post-tax real unlevered IRR in the strong tier or better. Why it applies: The base case IRR of 99.7% is well above the strong tier. Evidence · text > after-tax IRR of 99.7% **Fast Payback** Polarity: positive Definition: Payback in the strong tier or better, on the required basis. Why it applies: Payback period is less than 1 year, which is in the exceptional tier. Evidence · text > Payback Period: <1 year **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The project contains a significant portion of inferred mineral resources. Evidence · text > includes inferred mineral resources that are considered too speculative geologically **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The technical report was filed in accordance with NI 43-101 standards. Evidence · text > filed a National Instrument 43-101 \(“ NI 43-101 ”\) Technical Report **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The source explicitly discloses a revised resource estimate Evidence · text > Updated Mineral Resource Estimate ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/rpx-gold-files-ni-43-101-technical-report-for-robust-wawa-gold-project-pea-highl--98d9e755-6384-4d8d-9f35-2f7a0fef3924#fact-resource-facts-3) Wawa Gold Project · gold #### Identity - Project: Wawa Gold Project - Commodity: gold - Region: canada\_on - Reported Region: northwestern Ontario - Ticker: RPX #### Resource scope - Estimate type: resource - Effective date: 2026-02-18T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Syed Saad Mohsin Ali, Alex Duggan, Steve Haggerty, Nigel Fung, André-François Gravel, Jean-François Montreuil, Brian Thomas, Garth Wilcox - Resource group id: resource:e0e452258648fe858b06 - Deposit or zone: Jubilee Shear and the Minto Mine - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 22909000 - Grade: 1.69 - Grade Unit: g/t - Contained Metal: 1244000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-02-18 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: Indicated resource is substantial. Evidence · text > indicated mineral resource of 22.909 million \(“M”\) tonnes grading 1.69 grams per tonne gold \(“g/t Au”\) containing 1,244,000 ounces of gold #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/rpx-gold-files-ni-43-101-technical-report-for-robust-wawa-gold-project-pea-highl--98d9e755-6384-4d8d-9f35-2f7a0fef3924#fact-resource-facts-4) Wawa Gold Project · gold #### Identity - Project: Wawa Gold Project - Commodity: gold - Region: canada\_on - Reported Region: northwestern Ontario - Ticker: RPX #### Resource scope - Estimate type: resource - Effective date: 2026-02-18T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Syed Saad Mohsin Ali, Alex Duggan, Steve Haggerty, Nigel Fung, André-François Gravel, Jean-François Montreuil, Brian Thomas, Garth Wilcox - Resource group id: resource:3f44c165a831b44c5f5a - Deposit or zone: Jubilee Shear and the Minto Mine - Mining method: combined - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 9951000 - Grade: 1.59 - Grade Unit: g/t - Contained Metal: 509000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-02-18 #### Location - Loc. Confidence: medium #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: Inferred resource provides significant upside but is speculative. Evidence · text > inferred mineral resource of 9.951 M tonnes grading 1.59 g/t Au containing 509,000 ounces of gold #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.