The Assay TV catches up with Luke Alexander, president, CEO, and director of Newcore Gold (TSXV: NCAU), a company focused on advancing its 100%-owned Enchi Gold Project in Ghana.
Luke tells us about the company’s updated PEA, which presents robust economics for the project, including an after-tax NPV5% of US$371M, After-Tax IRR of 58% at US$1,850/oz gold, and an average annual gold production of ~120,000oz.
Luke states that the PEA confirms the opportunity at Enchi to develop an open pit, heap leach operation, and is a notable milestone and an important step in advancing the development of the project towards a construction decision.
Website: newcoregold.com
Primary tickers: TSXV:NCAU, OTCQX:NCAUF
Stages of development: Exploration, Development
Commodity: Gold
Project to promote: Enchi Gold
Project location: Ghana
