Newcore Gold Ltd. · TSXV:NCAU
Newcore Gold — Investor Presentation (September 2022)
22 slides from Newcore Gold's investor presentation, Sep 8, 2022
Slide 1: In the Business of Gold
IN THE BUSINESS OF GOLD TSX-V: NCAU OTCQX: NCAUF UNLOCKING THE MULTI-MILLION OUNCE POTENTIAL OF A GOLD DISTRICT SEPTEMBER 8, 2022
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: Advancing the Enchi Gold Project in Ghana
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 GREAT ASSET | Potential for Size & Scale Advancing the 100%-owned
Slide 4: 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 Asante - Bibiani 6.5Moz Asante - Chirano 5.5Moz Endeavour - Afema 2.0Moz Newcore Gold - Enchi* 1.41Moz Pelangio - Manfo 500koz ENCHI Ashanti Belt AngloGold - Obuasi 66Moz Gold
Slide 5: 90,000 Metre Drill Program Results
TSX-V: NCAU | OTCQX: NCAUF 90,000 METRE DRILL PROGRAM RESULTS
Slide 6: 90,000 Metre RC & Diamond Drill Program
Deposits Targets ENCHI GOLD PROJECT Shear Zone 90,000 Metre RC & Diamond Drill Program • Tested multiple targets, focused on expanding near surface oxide NYAM resources while defining potential of broader property Inferred Mineral Resource: 4.9Mt at 0.82 g/t Au for 129,000 ounces * • Boin, Sewum, Ny
Slide 7: Depth Potential - Chirano Comparable
ENCHI GOLD PROJECT Depth Potential - Chirano Comparable • Asante’s multi-million-ounce Chirano Gold Mine (formerly owned by Kinross), located ~50km northeast of Enchi, hosts plunging zones of high-grade gold mineralization with gold zones similar to Enchi • Both properties exhibit numerous targets •
Slide 8: New Discoveries & Earlier Stage Targets
ENCHI GOLD PROJECT New Discoveries & Earlier Stage Targets 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 • ~19,000 metres of drilling targeting pre-resource areas KJRC022: 0.79 g/t Au over 59 m from 61 m, including 3
Slide 9: Largest Drill Program To Ever Be Completed at Enchi
ENCHI GOLD PROJECT Largest Drill Program To Ever Be Completed at Enchi • 92,583 metres of drilling completed (Aug 2020 - Jul 2022) TOP RESULTS (not in Mineral Resource Estimate) • Results highlight potential for resource growth across the Hole ID From (m) To (m) Length (m) Au (g/t) SEWUM project at
Slide 10: 2021 Mineral Resource Estimate
ENCHI GOLD PROJECT 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 21,807,000 0.72 5
Slide 11: Key Takeaways From 90,000 Metre Drill Program
“This drill program has significantly advanced our geological KEY TAKEAWAYS understanding of the potential size and scale at Enchi. Results highlight the potential to define gold mineralization From 90,000 Metre Drill Program on the same scale and magnitude as the significant gold deposits along the
Slide 12: Near-Term Value Proposition
TSX-V: NCAU | OTCQX: NCAUF NEAR-TERM VALUE PROPOSITION
Slide 13: 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 14: Developments vs. Share Price
THE VALUE PROPOSITION Positioned for Market Re-Rating Following Significant Exploration Program • Added value from drilling and exploration work completed since mid-2020 yet to be reflected in market value • Current market value of ~$35 million = June 2020 valuation (prior to recent drill program) =
Slide 15: Robust 2021 PEA with Significant Growth Potential
THE VALUE PROPOSITION Value Underpinned by a Robust 2021 PEA with Significant Growth Potential 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) 100,000 87,639 $2
Slide 16: Newcore Gold Progress since June 2020
TSX-V: NCAU | OTCQX: NCAUF THE VALUE PROPOSITION Newcore Gold Progress since June 2020 ✓• Capital Markets Support with research coverage initiated by 5 brokers ✓• Institutional Ownership of 40%, increased from nil • Top Shareholders: Franklin (9%), Ruffer (6%), SSI (5%), Merk (4%), Earth (4%) ✓• Man
Slide 17: Enchi Provides Optionality in Any Market Environment
THE VALUE PROPOSITION Enchi Provides Optionality in Any Market Environment • The Enchi Gold Project has a significant amount of untapped potential and development flexibility Exploration target-rich gold project in a multi-million ounce mining district CONTINUE TO ADVANCE WITH DRILLING & EXPLORATION
Slide 18: Upcoming Catalysts
UPCOMING CATALYSTS TSX-V: NCAU | OTCQX: NCAUF ✓ continue to advance Enchi through the drill bit 5,000 METRE DRILL PROGRAM underway to METALLURGICAL TESTWORK continue to de-risk technical merits of project, results in Q3 2022 MINERAL RESOURCE UPDATE in Q4 2022 incorporating results from 90,000 metre
Slide 19: 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 20: 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
Slide 21: Capital Structure and Market Support
WHY NEWCORE GOLD Capital Structure and Market Support Share Structure and Market Information 6-Month Share Price Chart TOKOSEA Apr 20, 2022 Basic Shares Outstanding 138.1M $0.60 Drill results: 1.80 g/t Au over 27 m and 1.67 g/t Au over 17 m Options Outstanding 9.4M Confirms and expands discovery $0.
Slide 22: Enchi Gold Project - Long Section
Enchi Gold Project - Long Sec�on 2020 - 2022 Drilling | Nyam Gold Deposit surface N S 1.38 g/t Au over 45 m incl. 6.25 g/t Au over 6 m NBRC017 NBDD021 0m NBRC024 NBRC027 NBRC025 NBDD044 NBDD043 NBRC079 NBRC019 1.34 g/t Au over 27 m 1.20 g/t Au over 17 m incl. 3.45 g/t Au over 9 m NBRC067 NBRC045 NBR
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