# RPX Gold Inc. Delivers Robust Preliminary Economic Assessment and Updated Mineral Resource Estimate for Wawa Gold Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/rpx-gold-inc-delivers-robust-preliminary-economic-assessment-and-updated-mineral--8df82c5b-7c62-4a36-af88-a9a7ae088182 Original source: https://money.tmx.com/en/quote/RPX/news/6459301671792026/rpx-gold-inc-delivers-robust-preliminary-economic-assessment-and-updated-mineral Publisher: tmx Original announcement: 2026-02-18T21:15:00.000Z 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, Canada - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Economic study, Metallurgy - Extracted: 2026-09-18 18:54:09 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary RPX Gold Inc. has released a robust Preliminary Economic Assessment \(PEA\) for its Wawa Gold Project, highlighting an after-tax NPV5% of US$387.4 million and an impressive IRR of 99.7% at a base case gold price of US$3,500/oz. The PEA outlines a phased open-pit and underground development with a low initial capital expenditure of US$37.78 million and a payback period of less than one year, leveraging a toll milling strategy. This economic assessment is underpinned by an updated Mineral Resource Estimate, which shows a 48% increase in indicated gold ounces to 1.244 million ounces, significantly enhancing resource confidence. Reasoning: The document presents a highly positive PEA for the Wawa Gold Project, showcasing exceptional IRR and rapid payback, supported by a substantial increase in indicated gold resources. The low initial capital requirement is a key de-risking factor. However, the preliminary nature of the study, reliance on inferred resources, and unconfirmed toll milling agreements introduce some risk. - Positive factor: Robust PEA with high IRR and rapid payback - Positive factor: Significant increase in Indicated resource ounces - Positive factor: Low initial capital expenditure due to toll milling strategy - Positive factor: Strong project economics even at base case gold price - Negative factor: PEA is preliminary in nature and includes inferred resources - Negative factor: Toll milling agreement not yet in place - Negative factor: No explicit statement on real vs nominal for IRR/price deck - Negative factor: Inferred resources included in mine plan Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 10 ## Classification and evidence **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: A current resource fact retains the disclosed cut-off grade **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 **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: only one composite was tested ## Extracted facts Stored fact records: 9. Some facts used in scoring do not have a stored record. ## Resource Estimates (8) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/rpx-gold-inc-delivers-robust-preliminary-economic-assessment-and-updated-mineral--8df82c5b-7c62-4a36-af88-a9a7ae088182#fact-resource-facts-1) Wawa Gold Project · gold #### Identity - Project: Wawa Gold Project - Commodity: gold - Region: canada\_on - Reported Region: northwestern Ontario, Canada - Ticker: RPX #### Resource scope - Estimate type: resource - Effective date: 2025-12-08T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:b9ddbcc1cd063957aa63 - Deposit or zone: Open Pit - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 22378000 - Grade: 1.65 - Grade Unit: g/t - Contained Metal: 1190000 - Contained Unit: oz - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-08 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-18T00:00:00.000Z Reasoning: The indicated open pit resource provides a substantial and well-defined base for the project's early-stage development, with a good grade for this mining method. - Positive factor: Large indicated open pit resource tonnage - Positive factor: Good grade for an open pit gold deposit - Positive factor: Contributes significantly to the overall indicated resource Evidence · table > 1.65 Context: 22,378,000 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/rpx-gold-inc-delivers-robust-preliminary-economic-assessment-and-updated-mineral--8df82c5b-7c62-4a36-af88-a9a7ae088182#fact-resource-facts-2) Wawa Gold Project · gold #### Identity - Project: Wawa Gold Project - Commodity: gold - Region: canada\_on - Reported Region: northwestern Ontario, Canada - Ticker: RPX #### Resource scope - Estimate type: resource - Effective date: 2025-12-08T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:275dac1c297d9d022bd9 - Deposit or zone: Underground - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 531000 - Grade: 3.16 - Grade Unit: g/t - Contained Metal: 54000 - Contained Unit: oz - Cutoff Grade: 1.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-08 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-18T00:00:00.000Z Reasoning: The indicated underground resource, while smaller in tonnage, offers higher grades suitable for underground mining, contributing to the project's overall resource confidence. - Positive factor: Higher grade for underground mining potential - Positive factor: Adds to the overall indicated resource confidence - Negative factor: Relatively small tonnage for the underground indicated resource Evidence · table > 3.16 Context: 531,000 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/rpx-gold-inc-delivers-robust-preliminary-economic-assessment-and-updated-mineral--8df82c5b-7c62-4a36-af88-a9a7ae088182#fact-resource-facts-3) Wawa Gold Project · gold #### Identity - Project: Wawa Gold Project - Commodity: gold - Region: canada\_on - Reported Region: northwestern Ontario, Canada - Ticker: RPX #### Resource scope - Estimate type: resource - Effective date: 2025-12-08T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:fcbd65e74bf6f67ebd8b - Deposit or zone: Total Indicated - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 22909000 - Grade: 1.69 - Grade Unit: g/t - Contained Metal: 1244000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2025-12-08 - Prior Contained Metal: 842000 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-18T00:00:00.000Z Reasoning: The substantial increase in total indicated ounces, representing a 48% growth from the previous estimate, is a highly positive development, significantly de-risking the project and enhancing its economic potential. - Positive factor: Significant increase of 48% in total indicated ounces compared to prior MRE - Positive factor: Total indicated resource exceeds 1.2 million ounces, providing a strong foundation for economic studies - Positive factor: Improved confidence in the mineral resource model Evidence · table > 22,909,000 Context: Total Indicated #### 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 **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 1244000 against 842000 previously **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-inc-delivers-robust-preliminary-economic-assessment-and-updated-mineral--8df82c5b-7c62-4a36-af88-a9a7ae088182#fact-resource-facts-4) Wawa Gold Project · gold #### Identity - Project: Wawa Gold Project - Commodity: gold - Region: canada\_on - Reported Region: northwestern Ontario, Canada - Ticker: RPX #### Resource scope - Estimate type: resource - Effective date: 2025-12-08T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:4a6fac2e876a6343fca5 - Deposit or zone: Open Pit - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 7534000 - Grade: 1.24 - Grade Unit: g/t - Contained Metal: 300000 - Contained Unit: oz - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-08 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-18T00:00:00.000Z Reasoning: The inferred open pit resource contributes to the project's overall scale but carries lower confidence and grade, requiring further drilling for conversion to higher categories. - Positive factor: Adds to the overall resource base and future exploration potential - Negative factor: Inferred category has lower geological confidence - Negative factor: Lower grade compared to indicated open pit resource Evidence · table > 1.24 Context: 7,534,000 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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-inc-delivers-robust-preliminary-economic-assessment-and-updated-mineral--8df82c5b-7c62-4a36-af88-a9a7ae088182#fact-resource-facts-5) Wawa Gold Project · gold #### Identity - Project: Wawa Gold Project - Commodity: gold - Region: canada\_on - Reported Region: northwestern Ontario, Canada - Ticker: RPX #### Resource scope - Estimate type: resource - Effective date: 2025-12-08T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:fcddbab37ec72ce8adab - Deposit or zone: Underground - Mining method: underground - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 2417000 - Grade: 2.69 - Grade Unit: g/t - Contained Metal: 209000 - Contained Unit: oz - Cutoff Grade: 1.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-12-08 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-18T00:00:00.000Z Reasoning: The inferred underground resource provides additional high-grade material for potential future underground development, but its inferred status indicates a need for further definition. - Positive factor: Higher grade for potential underground mining - Positive factor: Adds to the overall resource base and future exploration potential - Negative factor: Inferred category has lower geological confidence Evidence · table > 2.69 Context: 2,417,000 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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-inc-delivers-robust-preliminary-economic-assessment-and-updated-mineral--8df82c5b-7c62-4a36-af88-a9a7ae088182#fact-resource-facts-6) Wawa Gold Project · gold #### Identity - Project: Wawa Gold Project - Commodity: gold - Region: canada\_on - Reported Region: northwestern Ontario, Canada - Ticker: RPX #### Resource scope - Estimate type: resource - Effective date: 2025-12-08T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:8424ada32ccd5c363b8b - Deposit or zone: Total Inferred - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 9951000 - Grade: 1.59 - Grade Unit: g/t - Contained Metal: 509000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2025-12-08 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-18T00:00:00.000Z Reasoning: The total inferred resource adds substantial ounces to the project's overall potential, but its low confidence category means it cannot directly support economic studies without further de-risking. - Positive factor: Adds over half a million ounces to the total resource base - Positive factor: Provides significant exploration upside for future conversion - Negative factor: All ounces are in the inferred category, which is speculative - Negative factor: Cannot be used for reserve estimation without further drilling Evidence · table > 9,951,000 Context: Total Inferred #### 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/rpx-gold-inc-delivers-robust-preliminary-economic-assessment-and-updated-mineral--8df82c5b-7c62-4a36-af88-a9a7ae088182#fact-resource-facts-8) Wawa Gold Project · gold #### Identity - Project: Wawa Gold Project - Commodity: gold - Region: canada\_on - Reported Region: northwestern Ontario, Canada - Ticker: RPX #### Resource scope - Estimate type: resource - Effective date: 2025-12-08T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:ee56600da527eefa3261 - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 22909000 - Grade: 1.69 - Grade Unit: g/t - Contained Metal: 1244000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2025-12-08 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-18T00:00:00.000Z Reasoning: The substantial increase in total indicated ounces, representing a 48% growth from the previous estimate, is a highly positive development, significantly de-risking the project and enhancing its economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant increase of 48% in total indicated ounces compared to prior MRE - Positive factor: Total indicated resource exceeds 1.2 million ounces, providing a strong foundation for economic studies - Positive factor: Improved confidence in the mineral resource model Evidence · table > 1.69 Context: 22,909,000 #### 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-inc-delivers-robust-preliminary-economic-assessment-and-updated-mineral--8df82c5b-7c62-4a36-af88-a9a7ae088182#fact-resource-facts-9) Wawa Gold Project · gold #### Identity - Project: Wawa Gold Project - Commodity: gold - Region: canada\_on - Reported Region: northwestern Ontario, Canada - Ticker: RPX #### Resource scope - Estimate type: resource - Effective date: 2025-12-08T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian Thomas - Resource group id: resource:76530278c976e68486ba - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 9951000 - Grade: 1.59 - Grade Unit: g/t - Contained Metal: 509000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2025-12-08 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-18T00:00:00.000Z Reasoning: The total inferred resource adds substantial ounces to the project's overall potential, but its low confidence category means it cannot directly support economic studies without further de-risking. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Adds over half a million ounces to the total resource base - Positive factor: Provides significant exploration upside for future conversion - Negative factor: All ounces are in the inferred category, which is speculative - Negative factor: Cannot be used for reserve estimation without further drilling Evidence · table > 1.59 Context: 9,951,000 #### 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 ## Metallurgical Results (1) ### cyanidation [Link to this fact](https://atlas-extractions.minestarters.com/news/rpx-gold-inc-delivers-robust-preliminary-economic-assessment-and-updated-mineral--8df82c5b-7c62-4a36-af88-a9a7ae088182#fact-metallurgical-facts-7) Wawa Gold Project · gold #### Identity - Project: Wawa Gold Project - Commodity: gold - Region: canada\_on - Reported Region: northwestern Ontario, Canada - Ticker: RPX #### Test Work - Program Status: detailed - Test Type: cyanidation - Processing Route: cyanidation - Sample: average head grade - Grind P80: 75 µm #### Recovery - Recovery: 88 % - Recovery Basis: actual\_test - Head Grade: 3.2 - Head Grade Unit: g/t #### Lab - Laboratory: McClelland Labs Inc. and SGS-Lakefield \(SGS\) #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-18T00:00:00.000Z Reasoning: The metallurgical test work indicates a strong gold recovery using conventional cyanidation, which is a positive for the project's processing viability and supports the PEA's recovery assumptions. - Positive factor: High gold recovery of 88% for conventional cyanidation - Positive factor: Test work supports applicability of conventional processing - Positive factor: Grind size of 75 µm is achievable for milling - Negative factor: Assumed average head grade for the modeled extraction Evidence · text > For assumed average head grade of 3.2 g/t Au, the modeled gold extraction over a range in arsenic and sulphide contents is estimated at 88% based on test work completed. ## 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.