Newcore Gold Ltd. · TSXV:NCAU
Newcore Gold — Investor Presentation (March 2023)
22 slides from Newcore Gold's investor presentation, Mar 29, 2023
Slide 1: In the Business of Gold
IN THE BUSINESS OF GOLD TSX-V: NCAU OTCQX: NCAUF UPDATED MINERAL RESOURCE ESTIMATE FOR THE ENCHI GOLD PROJECT MARCH 29, 2023
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: Newcore Gold
NEWCORE GOLD TSX-V: NCAU | OTCQX: NCAUF Advancing the Enchi Gold Project in Ghana PROVEN TEAM | 24% equity ownership Top-tier leadership with a successful track record in the industry, strong institutional and capital markets support GOLD ASSET | Potential for Size & Scale Advancing the 100%-owned E
Slide 4: Enchi - Updated Mineral Resource Estimate
TSX-V: NCAU | OTCQX: NCAUF ENCHI - UPDATED MINERAL RESOURCE ESTIMATE
Slide 5: 2023 Mineral Resource Estimate - Summary
ENCHI GOLD PROJECT 2023 Mineral Resource Estimate - Summary Indicated Mineral Resource Estimate The 2023 Mineral Resource Estimate: Deposit Tonnes Grade (g/t Au) Contained Au (oz) • Successfully outlined an inaugural Indicated Sewum 20,925,000 0.48 323,300 resource, de-risking project development Bo
Slide 6: Inaugural Indicated Resource, Fifth Deposit Area Added
ENCHI GOLD PROJECT - 2023 MINERAL RESOURCE ESTIMATE Inaugural Indicated Resource, Fifth Deposit Area Added Inaugural Indicated Mineral Resource Estimate Indicated Mineral Resource Estimate de-risks the further development of Enchi Deposit Tonnes Grade (g/t Au) Contained Au (oz) • Indicated resources
Slide 7: High-Grade Underground Resource - Proof of Concept
ENCHI GOLD PROJECT - 2023 MINERAL RESOURCE ESTIMATE High-Grade Underground Resource - Proof of Concept Established the first underground resources at Enchi Indicated Mineral Resource Estimate by Deposit and Mining Method • Highlights the potential to define meaningful Deposit Type Tonnes Grade (g/t
Slide 8: Cut-Off Grade Sensitivity
ENCHI GOLD PROJECT - 2023 MINERAL RESOURCE ESTIMATE Cut-Off Grade Sensitivity The pit constrained, open pit, Mineral Resource Pit Constrained Indicated Mineral Resource Estimate Estimate for Enchi was evaluated at a range of cut- Cut-Off Grade Tonnes Grade (g/t Au) Contained Au (oz) off grades 0.1 4
Slide 9: Mineral Resource Estimate by Mineralisation Type
ENCHI GOLD PROJECT - 2023 MINERAL RESOURCE ESTIMATE Mineral Resource Estimate by Mineralisation Type Weathering profile varies by area at Enchi Indicated Mineral Resource Estimate by Mineralisation Type • Depth of oxide mineralisation typically Deposit Tonnes Grade (g/t Au) Contained Au (oz) 20 to 3
Slide 10: Supports and De-Risks Project Economics Outlined in 2021 PEA
ENCHI GOLD PROJECT - 2023 MINERAL RESOURCE ESTIMATE Supports and De-Risks Project Economics Outlined in 2021 PEA 140,000 $320 • Simple, open pit, heap leach operation 121,387 120,000 $260 • Processing 6.6 mtpa, contract mining Gold Production (ounces) 104,638 104,034 104,286 103,728 Cash Flow (US$M)
Slide 11: Enchi - District Scale Exploration
TSX-V: NCAU | OTCQX: NCAUF ENCHI - DISTRICT SCALE EXPLORATION
Slide 12: +40,000 Metres of Drilling Not in Mineral Resource Estimate
ENCHI GOLD PROJECT - EXPLORATION +40,000 Metres of Drilling Not in Mineral Resource Estimate • District scale exploration opportunity still largely untested • Multi-pronged exploration approach, expanding near surface oxide resources while defining broader potential of property • Resource Areas | Bo
Slide 13: District Scale Exploration Opportunity
ENCHI GOLD PROJECT - EXPLORATION District Scale Exploration Opportunity ERDD020: 0.89 g/t Au over 47.8 m from 41.2 m, including 6.44 g/t Au over 2.5 m from 41.2 m and 2.14 g/t Au over 5.8 m from 54.2 m • Drilling on earlier stage targets has demonstrated the strong potential to delineate additional
Slide 14: 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 9 drill tested to date • Gold in soil geochemic
Slide 15: Depth Potential - Chirano Comparable
ENCHI GOLD PROJECT Depth Potential - Chirano Comparable • Asante’s multi-million-ounce Chirano Gold Mine (formerly owned by Kinross) (+5 Mozs gold endowment), located ~50km northeast of Enchi, hosts plunging zones of high-grade gold mineralization with gold zones similar to Enchi • Both properties e
Slide 16: Newcore Gold - Value Proposition
TSX-V: NCAU | OTCQX: NCAUF NEWCORE GOLD - VALUE PROPOSITION
Slide 17: On Trend with Some of Ghana's Most Prominent Gold Mines
ENCHI GOLD PROJECT - LOCATION On Trend with Some of Ghana’s Most Prominent Gold Mines Sefwi-Bibiani Belt Newmont - Ahafo 20.0Moz Asante - Bibiani 6.5Moz Asante - Chirano 5.5Moz Endeavour - Afema 2.0Moz Newcore Gold - Enchi* 743,500 ozs Indicated 972,000 ozs Inferred ENCHI Pelangio - Manfo 500koz Ash
Slide 18: Ghana - Strong Investment Activity In-Country
ENCHI GOLD PROJECT - LOCATION Ghana - Strong Investment Activity In-Country 1. China 2. Russia • Strong presence of senior producers in-country, with 3. Australia 4. Canada 3 of the top 10 major gold producers operating in Ghana 5. U.S. 6. Ghana 7. Peru Top 8. Mexico 9. Indonesia 10. South Africa 10
Slide 19: Top-Tier Management with Capital Markets Support
WHY NEWCORE GOLD Top-Tier Management with Capital Markets Support Management & Board of Directors Institutional Backing Track record of making money for shareholders Clear access to institutional capital Own 24%, invested alongside shareholders ~40% ownership, invested in the last two years Capital
Slide 20: Near-Term Catalysts
NEAR-TERM CATALYSTS TSX-V: NCAU | OTCQX: NCAUF DRILLING UNDERWAY to continue to advance the district scale exploration opportunity at Enchi MINERAL RESOURCE UPDATE outlined an inaugural Indicated resource, first ever high-grade underground resource, added a fifth deposit at Enchi METALLURGICAL TESTW
Slide 21: 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 22: Enchi Gold Project Technical Disclosure
APPENDIX Enchi Gold Project Technical Disclosure 2023 Mineral Resource Estimate 2021 Preliminary Economic Assessment 1. Canadian Institute of Mining Metallurgy and Petroleum ("CIM") definition standards were followed for 1. The Preliminary Economic Assessment (“PEA”) is based upon the Company’s 2021