Xali Gold is focused on the development of Pico Machay, an advanced-stage gold project in Peru. Previous owner Aquiline Resources Inc. made a production decision in 2009 based on a gold price of US$700 per ounce, targeting an open-pit, heap-leach operation.

Building on extensive historical drilling and technical work, Xali is advancing exploration and studies to evaluate Pico Machay’s development potential. Current priorities include planned drilling to support an updated mineral resource estimate, preparation of a subsequent Preliminary Economic Assessment and ongoing environmental studies. Together, these programs aim to strengthen the geological understanding of Pico Machay, evaluate its economics and guide the next stages of development.