Gold X2(TSX:AUXX)

Gold X2 is a growth-oriented gold company focused on exploring and developing the 100% owned Moss Gold Project in Ontario and advancing it towards the potential of being a top ten Gold Producer in Canada.

Investor website: https://goldx2.com/

About

Gold X2 is a growth-oriented gold company focused on exploring and developing the 100% owned Moss Gold Project in Ontario and advancing it towards the potential of being a top ten Gold Producer in Canada.

Verified company data

Cash position
$40 million
Shares outstanding
598306376
Fully diluted shares
670,884,034
Mineral resource
Au and Ag Indicated resource contained within 64.3 million tonnes; Au and Ag Inferred resource contained within 125.9Mt. The current Mineral Resource Estimate and PEA include only open-pit mineralization. All underground mineralization has been excluded from the resource model and mine plan. For more information on the Mineral Resource Estimate, see the Preliminary Economic Assessment NI 43-101 Technical Report; Effective January 26, 2026. The MRE has focused on the open pit mineralization at the main deposits, being the Moss Deposit and the East Coldstream Deposit, and excludes any underground resources, as well as the Span Lake satellite deposit. Structural domain modelling and grade interpolation utilises 357 historical diamond drill holes (105,445m) and 210 Gold X2 diamond drill holes (94,094m) at Moss, and 132 historical diamond drill holes (29,841m) and 15 Gold X2 diamond drill holes (7,479m) at East Coldstream Deposit. Both models use a parent block size of 5 x 5 x 5m – the selective mining unit (SMU) – to focus the construction of the resource on mineable block sizes. This is sub-celled to 1.25 x 1.25 x 1.25m to improve volumetric precision. Both models are based on an updated, robust structural model that utilises oriented drill core measurements from Gold X2’s drilling. Along with increased drill density at Moss, this has resulted in improved grade continuity and geostatistical metrics that have resulted in a 73% increase in the ounces reported in the Indicated category. Resource categories uses an average 3DDH isotropic search of <45 meters for Indicated, which is manually edited to remove isolated pods, and an average 3DDH isotropic search of <90 meters for Inferred. The Moss Deposit has sufficient silver mineralization for an estimate of silver to be included in the MRE. Silver concentrations are lower at East Coldstream and have not been modelled. The PEA is based exclusively on the Mineral Resource defined at the Moss Deposit. The resource model has been regularised to the 5 x 5 x 5m SMU and a 1m dilution skin to contact blocks to account for mining dilution. The PEA is preliminary in nature and includes Inferred Mineral Resources. Inferred Mineral Resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized.
Projects
["Moss Gold Project: Gold X2 Mining’s Moss Gold Project is located approximately 110km west of Thunder Bay, the largest population centre in Northern Ontario with a population of over 110,000. Moss benefits from well-established infrastructure, including: (1) Trans-Canada highway connectivity to city of Thunder Bay; (2) low-cost high-voltage hydroelectric power line capacity within 12km of the Project; (3) deep-water port access in Thunder Bay; and (4) railway access. The PEA is based on a conventional open pit mining and milling-flotation-leach operation with a nameplate processing capacity of 30,000 tonnes per day. The study illustrates average annual payable gold production of approximately 265,000 ounces and 374,000 ounces of silver, respectively, over an initial 13.2 year mine life. The PEA provides an after-tax NPV5% of $2.232 billion, an IRR of 22.1% and a payback period of 3.2 years from first production at a gold price of $2,750/oz and an exchange rate $1.34 USD/CAD."]
Leadership
Michael Henrichsen (Chief Executive Officer and Director, Structural geologist with extensive experience, previously global structural geologist at Newmont.), Peter Flindell (Chief Operating Officer, Over 40 years of experience in mineral exploration and feasibility studies.), Michael Kanevsky (Chief Financial Officer, Senior executive with over 15 years of experience in the mining industry, expertise in regulatory compliance and financial reporting.), Sam Gibson (Vice President of Corporate Development, Over 10 years of expertise in resource-focused finance, specializing in institutional sales and investment banking.), Amiel Blajchman (Vice President of Sustainability, Held senior roles with major mining companies, led environmental assessments and ESG strategy.), Tom Obradovich (Chairman, Over 42 years of expertise in mining exploration and development, co-founder of Canadian Royalties Inc.), David Stone (Director, 40+ years of engineering and financial consulting experience in mining projects.), Shawn Khunkhun (Director, Over 15 years of experience in capital markets and mineral exploration.), Joanna Pearson (Director, Over 25 years of experience in financial reporting and risk management in mining.), Kyle Hickey (Director, Managing Director of SAF Group, responsible for deal origination and risk management in mining investments.)

Verified data last updated: 2026-06-12

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