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Newcore Gold Ltd (NCAUF) is a Canadian mining company focused on the exploration and development of high-quality gold projects in North America. With a portfolio of properties including the Enchi Gold Project located in Ghana, Newcore Gold is committed to sustainable mining practices and community engagement. The company recently completed a 60-Day Pilot Tests on 15-tonne samples from the Sewum and Boin Gold Deposits, showcasing strong metallurgical testing results and recoveries. Moreover, the addition of the Omanpe License has expanded the Enchi Gold Project to 248 km², highlighting the company's growth and potential for the future.
Newcore Gold has filed the technical report for the updated Preliminary Economic Assessment (PEA) for its Enchi Gold Project in Ghana. The PEA, prepared by Lycopodium Minerals Canada, suggests a low capital intensity, open pit, heap leach operation processing 8.1 million tonnes annually. At a gold price of $1,850/oz, pre-tax NPV is $586 million with a 77% IRR, while after-tax NPV is $371 million with a 58% IRR. Peak production is expected to reach 155,188 ounces in year 6, with a life-of-mine production of 1.1 million ounces over nine years. Initial capital costs are estimated at $106 million, with operating costs at $801/oz and all-in sustaining costs at $1,018/oz. The project shows significant growth potential given its 248 km2 property with less than 10% explored.
CEO.CA Technologies shares updates with CEOs of junior mining explorers, including Newcore Gold and West Red Lake Gold Mines. Newcore Gold (TSXV: NCAU) and West Red Lake Gold Mines (TSXV: WRLG) discuss exploration and development updates at their gold properties. CEO.CA is a leading investor social network in junior resource and venture stocks, connecting millions of investors globally.