Newcore Gold
Primary ticker: TSXV:NCAU, OTCQX:NCAUF
Stage of development: Exploration, Development
Primary minerals: Gold
Project to promote: Enchi Gold Project
Project location: Ghana
Website: newcoregold.com
Corporate presentation: Click here
All Investor presentations: Click here
Debt: NIL
Franklin – 9%
Euro Pacific – 4%
SSI – 3%
Management ownership – 18%
Financials
Management Profile
Luke Alexander (President, CEO & Director)
Mr. Alexander joined Newcore Gold as President, CEO & Director in May 2020. He 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 focused on leveraging his investment banking expertise.
Mal Karwowska (VP, Corporate Development & IR)
Ms. 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 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.
What is your rationale for taking part in 121 Mining Investment?
Focused on meeting equity investors who are looking to buy on-market. Looking to meet with new investors as well as with existing shareholders to provide an update on recent developments at our Enchi Gold Project, including results from the drilling underway at the Project.
What recent news would you like to highlight to investors attending?
Nov 13, 2024: Drilling Intersected 204 g/t Gold over 1.0 Metre and 3.36 g/t Gold over 28.0 Metres at the Enchi Gold Project, Ghana
Oct 30, 2024: Drilling Intersected 0.94 g/t Gold over 54.0 Metres, Including 2.08 g/t Gold over 11.0 Metres at the Enchi Gold Project, Ghana
Oct 8, 2024: Drilling Intersected 1.96 g/t Gold over 62.0 Metres, Including 2.23 g/t Gold over 28.0 Metres at the Enchi Gold Project, Ghana
Sep 26, 2024: Closed $5.5 Million Private Placement Financings
July 3, 2024: Proceeds of $3.3 Million from Warrant Exercise
Jun 26, 2024: Announced Start of 10,000 Metre Drill Program at Enchi
April 25, 2024: Announced PEA Results for Enchi Gold Project in Ghana
See Details: https://newcoregold.com/news/
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Continue to advance the development of the Enchi Gold Project in Ghana with a focus on drilling and metallurgical testwork. A drill program is underway at Enchi, targeting near-surface oxide and shallow sulphide mineralization with a primary goal of infill drilling for resource conversion to improve the confidence level of the existing Mineral Resource Estimate. Additional drill results anticipated in the next 3-months.
6 Months:
Continue to advance our Enchi Gold Project towards a Pre-Feasibility Study. This will include continued drilling to prove up the Inferred resource to Indicated, as well as de-risking of the Project with additional metallurgical testwork as well as hydrological and geotechnical work. Additional drill results and metallurgical testwork results are anticipated in the next 6-months.
12 Months:
Continue to unlock the significant value of our Enchi Gold Project by advancing the district scale exploration opportunity in tandem with advancing the development of the project.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Informing potential investors why Ghana is a top-tier jurisdiction, especially relative to its neighbours in West Africa. We overcome this by continuing to highlight the benefits of Ghana as a gold mining jurisdiction.
What do you think makes your company such a compelling investment?
Team, Asset, and Capital Markets Support. We have a top-tier team with a track-record of creating value for stakeholders, and a team that has strong alignment with its shareholders through 18% equity ownership. We have an asset with significant potential given the district scale opportunity and one that is underpinned by robust economics outlined in a PEA . We have strong capital markets support with ~45% institutional ownership.