{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Newcore Gold (TSXV:NCAU) - Advancing Enchi, a Gold Developer to Watch","html":"","width":"100%","height":180,"duration":1300,"description":"Interview with Luke Alexander, President & CEO of Newcore Gold Ltd.Our previous interview: https://www.cruxinvestor.com/posts/newcore-gold-ncau-clear-strategy-to-revenue-scaling-project-2944Recording date: 12th December 2023Newcore Gold represents an intriguing investment opportunity in the gold mining space. This relatively under-the-radar junior explorer and developer offers exposure to an advanced staged asset boasting robust economics, with a clear path towards production in the coming years.The company’s flagship asset is the 100% owned Enchi gold project located in southwest Ghana, a premier mining jurisdiction in Africa. Enchi currently hosts an indicated gold resource of 743,500 ounces of gold grading 0.55 g/t, plus an additional 972,000 ounces at 0.65 g/t in the inferred category. The multi-million ounce gold system features strong expansion potential across the massive 216 square kilometer land package.Importantly, Newcore has already demonstrated Enchi’s economic potential through a 2021 Preliminary Economic Assessment (PEA) outlining a starter open pit heap leach operation with average annual production in years two through to five of 104,171 ounces of gold, with 983,296 ounces of gold recovered over an 11-year mine life. At a gold price of $1,650/oz, the PEA generates an after-tax NPV (5% discount rate) of $333 million and an after-tax internal rate of return of 54% with a 2.3-year payback period on initial capex of $97 million. These robust numbers provide a glimpse of the value proposition Enchi can offer once in production.Over the past year, Newcore has focused on derisking and advancing the gold project through additional metallurgical test work and completion of an updated NI 43-101 mineral resource estimate in March 2023. The new resource model resulted in a significant conversion from the inferred category into the higher confidence indicated category through infill drilling. The company is now targeting completion of an updated PEA study in...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}