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NX Gold Ltd.

NX Gold Ltd. is an exploration and development company which is focused on pursuing gold oppertunities in various mining districts around the world. The company was founded by the team behind NexGen Energy Ltd. 

NxGold Ltd. (TSXV:NXN) – Moving Forward at Mt Roe

Impact: Mildly Positive

NxGold is advancing its Pilbara projects towards a maiden drill program. We continue to believe that the current enterprise value (EV) of the company does not reflect ongoing exploration success or the potential that this company has to make a gold discovery in the Pilbara. With funding in-place to advance this project through initial drilling, we believe the market is providing investors an opportunity as it has yet to price in this company’s fair value.

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NxGold Ltd. (TSXV:NXN) – Discounted Valuation Does Not Reflect Assets

Impact: Mildly Positive

NxGold’s exploration efforts at Mt. Roe, continue to highlight the potential for this company to make both hardrock and conglomerate gold discoveries. While recent results continue to suggest the project has value, the current enterprise value (EV) implies shell value. With funding in-place to advance this project through initial drilling, we believe the market is providing investors an opportunity, as this is the type of company that should see a strong rally, in January.

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NxGold Ltd. (TSXV:NXN) – Drill Targets Coming into Focus

Impact: Mildly Positive

NxGold’s exploration update provides highlights the increasing importance of the more traditional hard rock targets at its Mt. Roe Project in Australia. This exploration update along with our recent site visit supports our view that NxGold has the potential to make both a traditional hard rock gold discovery and a conglomerate gold discovery at its Mt. Roe project.

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NxGold Ltd. (TSXV:NXN) – “Roe-ing” Towards Success; New Target Identified

Impact: Mildly Positive

Exploration at Mt. Roe identifies new hard rock target. Recent exploration efforts by NxGold at its Mt. Roe project resulted in the discovery of the Sun target, to go along with the advancing Eagle hard rock target. While at an early stage, proximity to Artemis’ Silica Hill’s project emphasises the potential for discovery. This recent exploration update continues to support our thesis that NxGold provides investors with both conglomerate gold and hard rock exploration potential.

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