RPX Gold seeks approval for a Wawa, Ontario, gold mine with 1.24M oz resource, planning open-pit then underground operations, aiming for 9-year life with no production decision yet.

A proposed gold mine near Wawa, Ontario, by RPX Gold, would begin with open pit mining before transitioning to underground operations, though no production decision has been made. If approved, the project could run for nine years, producing 48,000 ounces annually for three years, then 74,000 ounces for six years, with initial capital costs estimated at $51 million due to existing infrastructure and toll milling—though no milling agreements are in place. The mine aims to use early cash flow to fund further development and reduce equity reliance. A mineral resource estimate of 1.24 million ounces exists on a 7,000-hectare site, with expansion potential, but resources are not equivalent to proven reserves. The company is advancing permitting, toll milling talks, and First Nations engagement. Shares closed at 26 cents.