Newcore Gold: Updated Mineral Resource Estimate at Enchi
Join Newcore Gold’s President & CEO Luke Alexander for an investor update. The webinar will feature a short presentation highlighting the recently announced updated Mineral Resource Estimate for the Company’s Enchi Gold Project in Ghana, future resource growth potential from the 60,000 metre drill program underway, a brief conversation to discuss what investors can expect near-term, followed by LIVE Q&A. Newcore Gold (TSX-V: NCAU, OTCQX: NCAUF) is a gold development company advancing the Enchi Gold Project in Ghana. The Company is focused on de-risking development and unlocking the multi-million-ounce potential of the Project. Newcore Gold is backed by one of the strongest boards in the sector with a track record of creating value for shareholders. Newcore’s top-tier management and board is aligned with shareholders through their 13% equity ownership. Our vision is to build a responsive, creative and powerful gold enterprise that maximizes returns for all stakeholders.
Thu, March 19, 2026 at 1:00 PMendedReplay
Investor webinar replay
Meeting Overview The meeting focused on the recent update of Nucor Gold's mineral resource estimate (MRE), highlighting the significant increase in the indicated resource and discussing its implications for the company's upcoming Pre-Feasibility Study (PFS). Key aspects included the drilling results, gold price considerations, and future project development. Key Discussion Points - Introduction of the updated mineral resource estimate (MRE) with a doubling of indicated resources to 1.5 million ounces. - Importance of converting resources to the indicated category for investor confidence and PFS requirements. - Discussion of drilling results, including grades and depths of deposits, and their implications for mine planning. - Overview of additional work completed, including hydrological, geotechnical, and metallurgical studies. - Consideration of current gold price trends and their impact on project economics. Decisions Made - No explicit decisions recorded. Action Items & Next Steps...
Luke Alexander brings over 20 years of natural resource sector experience, knowledge and contacts to Newcore Gold, particularly in West Africa. He has raised billions of dollars and structured deals for major mining companies while advising some of the world’s top institutional investment funds. Mr. Alexander began his investment banking career in the private client group at BMO Nesbitt Burns in Toronto, then started up an institutional equity trading desk for Toronto Dominion in London before doing the same for National Bank. In 2008, he became a senior partner at GMP Securities in London focused on advising ASX, TSX and London listed mining companies. Throughout his investment banking career, he has helped fund many major resource projects in West Africa. In 2018, Mr. Alexander founded Park Road Capital, a Vancouver-based, natural resource focused consulting firm where he continued to leverage his extensive capital markets experience.
Replay transcript excerpt
Speaker 1: Good morning, good afternoon, or good evening, depending on where in the world you're signing in from today. At least 6 time zones represented. I appreciate everybody joining us. I've got with me today, Luke Alexander, CEO of Nucor Gold, to discuss the company's recently updated mineral resource estimate. Luke, how are you today? Speaker 2: I'm doing pretty well. Speaker 2: I think a lot of us on this call are staring at our screens today going, oh man, what a difference a few weeks makes. But yeah, overall, I'm doing well. Obviously, we got our MRE out. We're extremely pleased with that and see a lot of catalysts on the horizon. But Speaker 2: yeah, the Speaker 1: current gold price market in the last couple of days has been something to watch, that's for sure. Yeah, it certainly keeps us young, keeps it exciting, which I think is fun. Let me get started right into the meat and potatoes here. Luke, the updated MRE just dropped yesterday and the indicated resource is more than doubled to 1.5 million ounces. So I'd love if you could walk us through just the key takeaways. Speaker 2: Yeah, absolutely. So We've more than doubled our indicated resource. That was really the goal with the 1st 28, 000m Speaker 2: of drilling that we've completed as part of our 60, 000m Speaker 2: drill program. Speaker 2: As we've Speaker 2: talked about in the past, our goal Speaker 2: with Speaker 2: this MRE was to convert Speaker 2: at least Speaker 2: 1.3Moz Speaker 2: into the indicated category. Speaker 2: The reason we've referenced Speaker 2: 1.3Moz Speaker 2: or more in the past was because if you go back and look at our 2024 Speaker 2: PEA Speaker 2: and what outlined the tremendous economics or fed the tremendous economics within that PEA, it was a 1.3 Speaker 2: mill...
