Updated PEA Highlights Robust Economics at the Enchi Gold Project
Join the Newcore Gold team as they provide an overview of the recently announced updated Preliminary Economic Assessment (“PEA”) for the Company’s Enchi Gold Project in Ghana. The team will discuss the results of the PEA, the development work incorporated since the prior economic study, and the longer-term upside from the district-scale exploration opportunity at Enchi. A live Q&A will follow the presentation. Newcore Gold (TSX-V: NCAU, OTCQX: NCAUF) is a gold exploration 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 22% equity ownership. Our vision is to build a responsive, creative and powerful gold enterprise that maximizes returns for all stakeholders.
Fri, April 26, 2024 at 1:00 PMendedReplay
Investor webinar replay
Meeting Overview The meeting focused on discussing the recently announced Preliminary Economic Assessment (PEA) results for Nucor Gold's Enshi Gold project in Ghana. The team highlighted the project's robust economic potential, exploration opportunities, and the positive market reaction following the announcement. Key Discussion Points - Introduction of team members and the purpose of the meeting. - Overview of the PEA results for the Enshi Gold project. - Economic highlights, including NPV, IRR, and production profiles. - Discussion of the project's low capital requirements and operating costs due to its heap leach design. - Importance of the project's location in a tier 1 mining jurisdiction. - Exploration potential with over 25 identified targets. - The role of Leica Podium as the lead engineering consultant and their track record. - Sensitivity analysis of project economics based on varying gold prices. 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.
Mr. Smith, P.Geo. is an exploration geologist with more than 35 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.
Mal Karwowska has over 15 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 at National Bank Financial as a member of the investment banking team, focused on the metals and mining sector. Her prior principal investing roles earlier in her career were with Pacific Road Capital Management, a mining-focused private equity investment firm, and Boston-based Liberty Metals & Mining Holdings, LLC, a subsidiary of Liberty Mutual Insurance. Ms. Karwowska’s prior corporate experience includes Business Development Director at Oxygen Capital Corp., and VP, Corporate Development at First Mining Gold Corp. She holds a Bachelor of Commerce in Finance and Accounting from the Sauder School of Business at the University of British Columbia.
Mr. Fraser, P.Eng., has over 10 years of on-site experience in construction and operations in both mining and processing roles, as well as significant study management and consulting experience. His contributions span diverse regions including South America, Central America, Europe, Africa, and subarctic Canada. Mr. Fraser acted as Project, Field, and Commissioning Engineer for the construction and commissioning of JDS Silver's Silvertip Mine in 2015 and Victoria Gold Corp.'s Eagle Gold Mine in 2017. Following the successful commissioning of the Eagle Gold Mine in 2019, Mr. Fraser assumed the role of the site’s Heap Leach Engineer. Prior to joining Newcore Gold, Mr. Fraser was a Process Engineer and Project Manager at BBA focused on the design and assessment of heap leach projects. Mr. Fraser holds a Bachelor of Science in Mining and Mineral Processing Engineering from Montana Technological University and is a registered professional engineer with Engineers & Geoscientists British Columbia.
Replay transcript excerpt
Speaker 1: Thank you for joining us today. Most of you likely already know who I am, but for those of you who don't, my name is Mal Kadwoska and I'm the Vice President of Corporate Development and Investor Relations for Nucor Gold. I'm joined today by Nucor Gold's President and CEO, Luke Alexander, Speaker 1: as well as Nucor's VP of Exploration, Greg Smith, and VP of projects, Brandon Fraser. Speaker 1: So before we get started, I do want to highlight that we will be making some forward-looking statements today. So I encourage you all to visit our website where you can find the full cautionary language. We are recording this webinar and it will be available for replay. Speaker 1: With that, I'm really looking forward to taking this opportunity with the team to provide you with a detailed overview of the PEA results that we announced yesterday for our Enshi Gold project in Ghana. Speaker 1: The PEA highlights the potential for an open-pit heap-leach gold mine at Enshi, and the study delivered very robust economics that showcase Enshi's significant leverage to the Gold price. So we're going to do a deep dive into the details Speaker 1: of that PA and also why we think Enshi is 1 of the best undeveloped Gold projects out there. It's underpinned by a robust economic study, but it also has significant upside potential from its location and district scale exploration opportunity. Speaker 1: So we're going to kick things off with a presentation, Speaker 1: after which we do look forward to answering questions. So please do submit those questions in the chat button. You'll find that at the bottom right of your screen. So please do submit those throughout the presentation. Speaker 1: And with that, I'm going to pass it over to Luke and the team to kick things off. Thanks. Sp...
