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RPX Gold Provides Corporate Update and Next Steps to Advance the Wawa Gold Project Towards a Pre-Feasibility Study
TORONTO, May 20, 2026--RPX Gold Inc. ("RPX Gold" or the "Company") (TSXV: RPX OTCQB: RDEXF) is pleased to provide shareholders with a corporate update outlining the significant progress achieved since January 2026, and our next steps towards preparation of a pre-feasibility study ("PFS") and the ultimate goal of gold production.
About this update from Rpx Gold Inc.
TORONTO, May 20, 2026--(BUSINESS WIRE)--RPX Gold Inc. ("RPX Gold" or the "Company") (TSXV: RPX OTCQB: RDEXF) is pleased to provide shareholders with a corporate update outlining the significant progress achieved since January 2026, and our next steps towards preparation of a pre-feasibility study ("PFS") and the ultimate goal of gold production. Recent Highlights Michael Michaud, President and CEO of RPX, commented: "The second quarter of 2026 has been transformative for our Company. The PEA validated the Wawa Gold Project as a robust, capital-efficient project with a potential development opportunity with a low initial capital requirement and an exceptional return profile. Our focus now is to advance the PFS to completion which is anticipated in early 2027. The activities to advance the PFS represents a de-risking of the Wawa Gold Project, which we believe will add value at every step along the way. Further, with the financing now closed we have commenced exploration drilling to test the near surface strike extension of the deposit between the two open pits. We also plan to test several of the exploration targets identified in the 2025 drilling program later in the program. All of the work planned for the remainder of 2026 will be funded from the use of proceeds from the recently completed financing." Preliminary Economic Assessment On February 18, 2026, the Company announced the results of an independent PEA for the 100%-owned Wawa Gold Project located in northwestern Ontario, Canada. The PEA was prepared by DRA Americas Inc. ("DRA") in accordance with National Instrument 43-101 ("NI 43-101") and was supported by an updated 2026 Mineral Resource Estimate ("2026 MRE") prepared by WSP Canada Inc., which reflected a 48% increase in indicated ounces compared to the 2024 MRE. The PEA outlined a proposed phased, capital-efficient development plan beginning with open pit mining of near-surface mineralization followed by a transition to underground mining, utilizing toll milling at regional facilities to eliminate the need for an on-site mill or tailings facility. Key financial highlights at the base case gold price of US$3,500/oz include: The PEA demonstrated that the Wawa Gold Project has the potential to be developed in a highly capital-efficient manner, leveraging existing regional infras...