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
Newcore Gold Ltd. (TSX-V: NCAU, OTCQX: NCAUF) is advancing its 100%-owned Enchi Gold Project in southwest Ghana. The project’s 216 sq. km land package covers 40 kms of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several large, multi-million-ounce gold deposits, including the Chirano mine 50 kms to the north. Newcore’s top-tier leadership is aligned with shareholders through their 20% equity ownership and is backed by one of the strongest boards in the sector. Our vision is to build a responsive, creative and powerful gold enterprise that maximizes returns for shareholders.
Cash: CAD$4.9
Debt: Nil
Major shareholders:
Franklin – 9%
Ruffer – 6%
Aegis – 6%
Merk – 3%
Euro Pacific – 3%
Management ownership – 20%
Financials
Management Profile
Luke Alexander (President, CEO & Director)
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.
Mal Karwowska (VP, Corporate Development & IR)
Mal Karwowska has 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.
What recent news would you like to highlight to investors attending?
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Complete an updated PEA for our Enchi Gold Project
6 Months:
Continue to advance development of our Enchi Gold Project, including additional metallurgical testwork to continue to highlight the Project’s amenability to heap leach processing.
12 Months:
Continue to unlock the value of our Enchi Gold Project with work programs focused on advancing the project towards a construction decision.
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 20% 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 released in mid-2021 (update underway). We have strong capital markets support with ~45% institutional ownership.
What are the top 3 key investor takeaways?
Top-Tier Team – World Class Asset – Capital Markets Support