Newcore Gold Ltd. · TSXV:NCAU
Newcore Gold — Investor Presentation (August 2021)
33 slides from Newcore Gold's investor presentation, August 2021
Slide 1: In the Business of Gold
IN THE BUSINESS OF GOLD TSX-V: NCAU OTCQX: NCAUF AUGUST 2021
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements This presentation is provided for informational purposes only and the opinions expressed are based upon Newcore properties; and other risks and uncertainties related to our prospects, properties and business strategy as identified in Gold Ltd.’s (“Newcore” o
Slide 3: Engineering a Better Gold Company
ENGINEERING A BETTER GOLD COMPANY “Management is aligned with shareholders to create value by significantly expanding our gold resource.” Luke Alexander, President & CEO Top-tier leadership with one of the most successful track records in the industry Advancing the 100%-owned Enchi Gold Project in G
Slide 4: What Sets Newcore Gold Apart
WHY NEWCORE GOLD What Sets Newcore Gold Apart Management Quality Asset Top-tier record of making money for shareholders 1.4Moz Inferred gold resource, near surface open for expansion along strike and at depth* Institutional Backing Clear access to institutional capital, Robust PEA at Enchi ~40% owne
Slide 5: Top Tier Leadership
WHY NEWCORE GOLD Top Tier Leadership “It is rare to find a board like this in the Management Team Board of Directors Previous Experience & Successes junior sector: billions Luke Alexander Doug Forster raised, startups President, CEO & Director Chairman turned into Danny Lee Blayne Johnson producers
Slide 6: ESG Focus - Aligned with the U.N. Sustainable Development Goals
WHY NEWCORE GOLD ESG Focus - Aligned with the U.N. Sustainable Development Goals Strong dedication to the environment, good governance, and community relations - adds value for stakeholders and leads to sustainable growth Newcore’s ESG is guided by nine of the U.N. Sustainable Development Goals* Pri
Slide 7: Capital Structure and Market Support
WHY NEWCORE GOLD Capital Structure and Market Support Share Structure and Market Information 6-Month Share Price Chart February 17, 2021 June 1, 2021 July 21, 2021 Basic Shares Outstanding 119.3M $0.80 Drilling at Kwakyekrom extends Drilling at Boin extends Drilling at Boin intersected the strike ex
Slide 8: Ghana - Africa's Top Gold Jurisdiction
ENCHI GOLD PROJECT - LOCATION Ghana - Africa’s Top Gold Jurisdiction 1) Ghana is Africa's largest gold producer, 6th largest worldwide and produces more gold per square km than Nevada* 2) Ghana’s stable, democratic government supports mining 3) Mining and gold are essential to Ghana’s economy and ta
Slide 9: On Trend with Some of Ghana's Most Prominent Mines
ENCHI GOLD PROJECT - LOCATION On Trend with Some of Ghana’s Most Prominent Mines Sefwi-Bibiani Belt Newmont - Ahafo 15.5Moz Resolute - Bibiani 6.5Moz Kinross - Chirano 5.5Moz Endeavour - Afema 2.0Moz Newcore Gold - Enchi* 1.4Moz ENCHI Pelangio - Manfo 500koz Ashanti Belt AngloGold - Obuasi 66Moz Gol
Slide 10: Project Overview
ENCHI GOLD PROJECT Project Overview “This is a great piece of land • Shallow oxide gold resources open for in a great neighborhood. A expansion along strike and at depth long history of active (1.4Moz Inferred resource at 0.62 g/t Au*) exploration and mining has • Underexplored Ashanti Style, shear-
Slide 11: Low Capex, Robust PEA at Enchi
ENCHI GOLD PROJECT - 2021 PEA Low Capex, Robust PEA at Enchi • Results of an updated PEA incorporating a subset of the drilling completed to date at Enchi highlighted the potential for an open pit, heap leach operation with strong economics and a short payback SIMPLE OPEN PIT US$212 MILLION 42% US$9
Slide 12: 2021 Mineral Resource Estimate
ENCHI GOLD PROJECT - 2021 PEA 2021 Mineral Resource Estimate Inferred Mineral Resource Estimate The June 2021 Mineral Resource Estimate Deposit Tonnes Grade (g/t Au) Contained Au (oz) incorporates assay results from: Sewum 41,009,000 0.55 725,200 • 182 diamond drill holes (22,725 metres) Boin 21,807
Slide 13: 66,000 Metre RC & Diamond Drill Program Underway
Deposits Targets ENCHI GOLD PROJECT - EXPLORATION Shear Zone 66,000 Metre RC & Diamond Drill Program Underway* • Testing multiple targets, focused on expanding near surface oxide ERADI | Drilling Underway 3 geo-chemical anomalies over resources while defining potential of broader property 3 km long
Slide 14: Sewum Gold Deposit
ENCHI GOLD PROJECT - EXPLORATION Sewum Gold Deposit • Drilling has expanded the drill tested strike extent to 3.5 kms, with the current pit constrained mineral resource defined across a strike extent of 2.4 kms • ~50% of the surface anomaly is untested to date • Drilling has intersected widespread g
Slide 15: Boin Gold Deposit
ENCHI GOLD PROJECT - EXPLORATION Boin Gold Deposit • Drilling has expanded the drill tested strike extent to 4 kms, with the current pit constrained mineral resource defined across a strike extent of 3 kms • ~50% of the surface anomaly is untested • Wide-spaced exploration drilling has extended gold
Slide 16: Boin Gold Deposit - North
ENCHI GOLD PROJECT - EXPLORATION Boin Gold Deposit - North • Drilling on the northern extension has extended the drill tested portion of the gold mineralization by 400 metres to the north • Intersected wide zones of mineralization including high- grade core structures and multiple sub-parallel struc
Slide 17: Nyam Gold Deposit
ENCHI GOLD PROJECT - EXPLORATION Nyam Gold Deposit • Drilling has expanded the drill Pit Shell tested strike extent to 1.8 kms, Outline with the current pit constrained mineral resource defined across a strike extent of 1.4 kms • ~40% of the surface anomaly is untested to date • The deepest intersec
Slide 18: Kwakyekrom Gold Deposit
ENCHI GOLD PROJECT - EXPLORATION Kwakyekrom Gold Deposit • Drilling has expanded the drill tested strike extent to 1.3 kms, Pit Shell Outline with the current pit constrained mineral resource defined across a strike extent of 500 metres • ~40% of the surface anomaly is untested to date • Interpreted
Slide 19: Exploration Potential - Targets
ENCHI GOLD PROJECT Exploration Potential - Targets • Numerous targets identified and prioritized DEPOSITS Sewum, Boin, Nyam, Kwakyekrom DRILL TESTED ZONES Kojina Hill, Eradi, Sewum Ext. ADVANCED TARGETS Nkwanta, Sewum South, Tokosea ADDITIONAL TARGETS Beekokrom, Alatakrom, Gyasikrom, Achimfo, Omampe
Slide 20: Exploration Potential - 25 Identified Targets
ENCHI GOLD PROJECT Exploration Potential - 25 Identified Targets • VTEM airborne geophysical AIRBORNE MAP SOIL MAP Airborne Geophysics Electromagnetics Compilation Map Geology with Soil Anomalies survey identified over 25 exploration targets, with only 6 of them drill tested to date • Gold in soil g
Slide 21: Depth Potential - Chirano Comparable
ENCHI GOLD PROJECT Depth Potential - Chirano Comparable • Kinross’ multi-million ounce Chirano Gold Mine, located • Both properties exhibit numerous targets, with only 6 ~50km northeast of Enchi, hosts plunging zones of high- of 25 targets drilled to date at Enchi and never drilled grade gold minera
Slide 22: Key Takeaways
KEY TAKEAWAYS Top-Tier Management & Board of Directors, Own 27% of Equity Strong Capital Structure & Capital Markets Support Established Resource Base in a Multi-Million Ounce Gold District Robust PEA: Simple, Open Pit, Heap Leach with Low Capital Intensity 66,000 Metre Drill Program Ongoing to Unlo
Slide 23: Learn More About the Newcore Opportunity
IN THE LEARN MORE ABOUT THE NEWCORE OPPORTUNITY BUSINESS OF GOLD CONTACT INFORMATION Mal Karwowska, VP, Corporate Development & IR TSX-V: NCAU Office: +1 (604) - 484 - 4399 Email: info@newcoregold.com OTCQX: NCAUF www.newcoregold.com
Slide 24: Drill Result Highlights - Sewum
2020-2021 DRILL PROGRAM AT ENCHI Drill Result Highlights - Sewum* 31 holes (5,463 metres) reported to date Intersected both shallow oxide and deeper sulphide gold mineralization outside of the defined mineral resource area Portion of drilling focused on testing gap zones between pit areas, to identi
Slide 25: Drill Result Highlights - Boin
2020-2021 DRILL PROGRAM AT ENCHI Drill Result Highlights - Boin* 145 holes (23,003 metres) reported to date, with shallow oxide gold mineralization intersected outside of current resource area Results have expanded drill tested strike extent to +4 kms Hole ID From (m) To (m) Length (m) Au (g/t) KBRC
Slide 26: Drill Result Highlights - Nyam
2020-2021 DRILL PROGRAM AT ENCHI Drill Result Highlights - Nyam* 40 holes (6,265 metres) reported to date Intersected both shallow oxide and deeper sulphide mineralization outside of current mineral resource area Mineralization now defined to a vertical depth of 200 metres, strike length extended to
Slide 27: Drill Result Highlights - Kwakyekrom
2020-2021 DRILL PROGRAM AT ENCHI Drill Result Highlights - Kwakyekrom* 49 holes (7,666 metres) reported to date Drilling to date has identified a strike extent of 1.3 km, remaining open in both directions Both wide gold mineralized zones and multiple sub-parallel structures intersected Hole ID From
Slide 28: Drill Result Highlights - Kojina Hill
2020-2021 DRILL PROGRAM AT ENCHI Drill Result Highlights - Kojina Hill* 14 holes (2,588 metres) reported to date Does not currently have a defined resource, outlined on surface by a 2km long x 1km wide gold-in-soil anomaly Area exhibits structural complexity, drilling underway to better understand t
Slide 29: 2021 PEA Overview
ENCHI GOLD PROJECT - 2021 PEA 2021 PEA Overview 2021 PEA KEY PARAMETERS (US$ where applicable) Key Assumptions • Technically simple, open pit, heap leach operation Base Case Gold Price $1,650/oz • Processing 6.6 mtpa, contract mining, low strip ratio Production Profile Total Tonnes Processed (mt) 68
Slide 30: Gold Production and Cost Profile
ENCHI GOLD PROJECT - 2021 PEA Gold Production and Cost Profile • Average annual gold production of ~104,000 ounces in years 2 to 5, with peak production in year 10 • Low sustaining capital, US$6.7 million in each of year 3 and 6 for heap leach pad expansion 140,000 $1,303 $1,400 $1,296 $1,239 $1,235
Slide 31: After-Tax Cash Flow Profile
ENCHI GOLD PROJECT - 2021 PEA After-Tax Cash Flow Profile • Robust project economics with a short after-tax payback period of 2.3 years at a gold price of US$1,650/oz • Strong leverage to gold prices, after-tax payback drops to 1.9 years at a gold price of US$1,850/oz $450 $422 $395 $350 $318 $303 $
Slide 32: Project Economics - Leverage to Gold Price
ENCHI GOLD PROJECT - 2021 PEA Project Economics - Leverage to Gold Price (US$ where applicable) BASE CASE SPOT • Strong project economics provide Gold Price (US$/oz) $1,450 $1,550 $1,650 $1,750 $1,850 $1,950 significant NPV leverage to gold price Pre-Tax NPV5% (US$M) $195 M $264 M $333 M $402 M $471
Slide 33: Enchi Gold Project Technical Disclosure
APPENDIX Enchi Gold Project Technical Disclosure 2021 Inferred Mineral Resource Estimate 2021 Preliminary Economic Assessment 1. CIM definition standards were followed for the resource estimate. 1. The Preliminary Economic Assessment (“PEA”) is based upon the Company’s 2021 Mineral Resource Estimate