# 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.

## Key facts

- **Cash position:** $40 million
- **Shares outstanding:** 598,306,376
- **Fully diluted shares:** 670,884,034
- **Warrants:** 25,219,891
- **Options:** 38,447,767
- **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 Technical Report at the bottom of this page or the news release dated January 26, 2026.

**73% increase in indicated gold ounces** vs prior estimate

**Material upgrade in resource confidence,** more mineable resource base

**Addition of reportable silver resource**(Indicated + Inferred)

**Improved continuity** across mineable domains

**PEA is preliminary in nature, it includes inferred mineral resources that 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. Note: all information presented in Canadian dollars unless otherwise stated.
- **Projects:** ["# Moss Gold Project\n\n## Overview\n\nPotential to be a Top 10 Producing Mine in Canada\n\n#### Robust Economics with Strong PEA\nPEA a Base Case with attractive economics, significant leverage gold prices, optimization upside and extensive growth optionality\n\n#### High-Quality Mineral Resource Estimate Moss Deposit\n\n#### Major Infrastructure to Support a Mining District\nNearby Trans-Canada Highway, low-cost power, rail connectivity and deep-water port access at Thunder Bay\n\n#### Untapped Exploration Upside & Active Drilling\nActive multi-purpose drill program targeting grade control, resource expansion and regional discoveries along a 35 km mineralized trend\n\n#### Management Team with Proven Track Record\nExperienced leadership and board with a history of district-scale discoveries, mine development and value creation across multiple jurisdictions\n\n**2025 G-MINING SERVICES**\n\n**OPEN PIT MINERAL RESOURCE ESTIMATE**\n\n## Refined Geological Model focused on higher-Confidence resource\n\nMOSS DEPOSIT (Jan 16, 2026)\n\n### Highlights\n\n**Underground ounces** excluded from resource model\n\n**Inferred spacing tightened** to 90m x 90m\n\nResource Constructed to account for **5x5x5m SMU**\n\n**Addition of reportable Silver Resource**(indicated and inferred)\n\nUpdated structural modelling and 2025 drilling\n\n**→ Improved grade continuity**\n\nGeostatistical improvements\n\n**→ more Indicated**\n\nModel aligned to **open-pit PEA mine plan**\n\n### PEA HIGHLIGHTS\n\n## Summary Of project Economics\nMineral resources that are not mineral reserves have no demonstrated economic viability. No mineral reserves have been calculated for the Project. There is no guarantee that any part of the mineral resources discussed herein will be converted to a mineral reserve in the future\n\n**Base Case:** Gold US$2,750/oz, Silver US$35.00/oz\nCAD/USD $1.34.\n\n**Consensus Case:** Gold US$3,300/oz, Silver US$40.00/oz CAD/USD $1.35 Source: CIBC Capital Markets.\n\n**Upside Case:** Gold US$5,000/oz, Silver US$80.00/oz CAD/USD $1.35.\n\n**Cash operating costs** consist of: mining costs, processing costs and site G&A.\n\n**AISC**: consist of cash operating costs, royalties, corporate G&A, selling costs and silver credits and excluding pre-production capital costs. Refer to the disclosure under the “Non-GAAP Financial Measures” heading of page 3 of this Presentation for more information.\n\n## Moss Gold Project has extensive infrastructure to support potential district scale mining camp\nHighway 11 –Trans-Canada Highway\nAccess to road, rail, power, deep water port, water, skilled people & contractors\nPower - $0.11 / kwh power at project site\n\n## Exceptional width and presence OF HIGH-GRADE SHEARS\n\n\\* All assays capped at 30 g/t Au\n\nSee company news releases for more information, dating: Oct 21 2021, Apr 19 2022, Sep 29 2022, Nov 2 2022, Jan 17 2023, Feb 2 2023, Jan 17, 2025, Mar 3, 2025, Apr 22, 2025, May 15,2025, and Aug 12, 2025.\n\n## About the Moss Lake Gold Project\nThe Moss Lake Gold Project is located approximately 100 km west of the city of Thunder Bay, Ontario. It is accessed via Highway 11 which passes within 1 km of the property boundary to the north. The Moss Lake Gold Project covers 14,292 hectares and consists of 282 unpatented and patented mining claims.\n\nMoss Lake hosts a number of gold and base metal rich deposits including the Moss Lake Deposit, the East Coldstream Deposit, the historically producing North Coldstream Mine, and the Hamlin Zone, all of which occur over a mineralized trend exceeding 20 km in length."]
- **Leadership:** Michael Henrichsen (CEO 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 (CFO, 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-founded Canadian Royalties Inc.), David Stone (Director, 40+ years of engineering and financial consulting 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 investment management in metals and mining.)

_Verified data last updated: 2026-05-15_

## Recent filings

- 2026-05-20 — press_release — [auxx_2026-05-20_06-44-38.pdf](https://chat.orbiton.app/auxx/preview/51658?documentId=51658)
- 2026-05-13 — press_release — [auxx_2026-05-13_06-46-44.pdf](https://chat.orbiton.app/auxx/preview/50085?documentId=50085)
- 2026-05-05 — press_release — [Gold X2 Expands 2026 Drilling Campaign to 160,000 Meters; Eight Drill Rigs Operating by the End of June](https://chat.orbiton.app/auxx/preview/38199?documentId=38199)
- 2026-04-28 — press_release — [Gold X2 Intersects Several Shallow, High-Grade Intercepts in the Superion Zone Including 6.10m of 10.4 g/t Au](https://chat.orbiton.app/auxx/preview/33917?documentId=33917)
- 2026-04-23 — press_release — [Gold X2 Files 2025 Year-End Disclosure Documents](https://chat.orbiton.app/auxx/preview/30970?documentId=30970)
- 2026-04-23 — annual_report — [auxx_2026-04-23_19-43-32.pdf](https://chat.orbiton.app/auxx/preview/30969?documentId=30969)
- 2026-04-23 — annual_report — [auxx_2026-04-23_19-29-56.pdf](https://chat.orbiton.app/auxx/preview/30966?documentId=30966)
- 2026-04-23 — annual_report — [auxx_2026-04-23_19-29-26.pdf](https://chat.orbiton.app/auxx/preview/30967?documentId=30967)

## Investor FAQ

### [Latest News?](https://chat.orbiton.app/auxx/faq/latest-news)

Gold X2 has expanded its 2026 drilling campaign to 160,000 meters, with eight drill rigs expected to be operational by the end of June 2026. Recent drilling has intersected several shallow, high-grade intercepts in the Superion Zone, including 6.10 meters of 10.4 g/t Au.

### [Project Overview](https://chat.orbiton.app/auxx/faq/project-overview)

Gold X2 is focused on the Moss Gold Project, which is 100% owned and located in Ontario. The project has the potential to be a top ten producing mine in Canada, supported by robust economics, significant infrastructure, and an active drilling program targeting resource expansion.

## Live AI chat

- https://chat.orbiton.app/auxx/chat
- Investor website: https://goldx2.com/