Newcore Gold: Updated Mineral Resource Estimate for the Enchi Gold Project
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Wed, March 29, 2023 at 1:00 PMendedReplay
Investor webinar replay
Meeting Overview The meeting focused on the updated mineral resource estimate for Nucor Gold's Enchi Gold Project in Ghana. Key highlights included the introduction of an indicated resource for the first time, the addition of a high-grade underground resource, and the expansion of the overall resource size, which collectively enhance the project's economic viability. Key Discussion Points - Introduction of the updated mineral resource estimate for the Enchi Gold Project. - Announcement of the first-ever indicated resource of 743,000 ounces. - Addition of 972,000 ounces of inferred resource, increasing the overall resource size. - Introduction of a maiden high-grade underground resource of 135,000 ounces. - Expansion of the resource area with the addition of the Tocasea site, which has an initial resource of 46,000 ounces. - Discussion on the drilling efforts and their impact on resource growth and project de-risking. Decisions Made - No explicit decisions recorded. Action Items & Ne...
Mal Karwowska has over ten years of experience in the mining sector, spanning both corporate development and investor relations roles within publicly listed mining companies, as well as corporate finance and principal investing. She spent the first five years of her career in investment banking, focused on the mining sector, before transitioning to investment roles for mining focused funds. Her most recent experience also includes working with corporates in a business development and investor relations capacity. She holds a Bachelor of Commerce in Finance and Accounting from the Sauder School of Business at the University of British Columbia.
Luke Alexander brings extensive resource sector experience, knowledge and contacts to Newcore, 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 equity trading desk for Toronto Dominion in London before doing the same for National Bank. In 2008, he became senior partner at GMP Securities in London. Throughout his investment banking career, he helped fund many major resource projects in West Africa. In 2018, Mr. Alexander founded Park Road Capital, a Vancouver-based, natural resource focused consulting company where he continued to leverage his relationships in London.
Mr. Smith, P.Geo. is an exploration geologist with more than 30 years of experience. He has worked for both junior and senior mining companies in various parts of the world which has included the management of multi-million-dollar work programs that have been successful in outlining more than 10 million ounces of gold. Greg brings a broad range of experience from the evaluation of grass roots properties to supervision of advanced projects including resource and reserve estimation, oversight of geological and technical activities for active underground and open pit mining operations including grade control, QA/QC programs and NI43-101 compliance, and advanced technical and economic studies including Preliminary Assessments (Scoping Studies), Prefeasibility, and Feasibility Studies.
Replay transcript excerpt
Speaker 1: Hi, everyone. Thank you for joining us today. Most of you likely already know me, but for those of you who don't, my name is Mala Karwowska and I'm the VP Corporate Development and Investor Relations for Nucor Gold. Speaker 1: I'm joined today by Nucor Speaker 1: Gold's President and CEO, Luke Alexander, Speaker 1: as well as our VP of Exploration, Greg Smith. Speaker 1: Before we get started, I just want to highlight that we will be making some forward-looking statements today, so I encourage you all to visit our website Speaker 1: and read that full cautionary language in detail. Speaker 1: We look forward to taking this opportunity today to provide a detailed overview Speaker 1: of our recently announced updated mineral resource estimate for our Enchi Gold Project in Ghana, which is a result of several years of drilling that have been successful in proving out the significant potential across the property. Speaker 1: Importantly, Speaker 1: please don't forget to submit your questions. After the presentation, we will be answering your questions, So please do make sure to submit those using the questions tab. With that, I'm gonna pass it over to Luke to kick things off. Speaker 2: Yeah, thanks Mal and hi everybody. Speaker 2: Again, many of you may know me as well, but I'm Luke Alexander, President and CEO of Nucor Gold. Speaker 2: We're going to focus this presentation today on the updated resource that we put out at the beginning of March and Speaker 2: highlight a number of the positive aspects of that updated resource. Speaker 2: And then at the end, we'll talk a bit about Ghana and give you a bit more of a fulsome Speaker 2: overview for those who aren't as familiar Speaker 2: with Nucor. Maybe just at a high level though, Nucor Gold, we are advanci...
