Newcore Gold is advancing the Enchi Gold Project in southwest Ghana. The project’s 248 sq km land package covers 40 kms of Ghana’s Bibiani Shear Zone, a gold belt which hosts several large, multi-million-ounce gold mines.
An 80,000-metre drill program is underway with a focus on resource conversion, resource growth and exploration, with development work continuing to build on the robust economics defined in a Pre-Feasibility Study for the Enchi Gold Project announced June 2026.
Pre-Feasibility Study published for Enchi in June 2026 highlighted an after-tax NPV5% of US$496M at a US$3,800/oz gold price. The study delivered a strong foundation for future growth, outlining a base case assessment of developing an open pit, standard milling and carbon-in-leach operation using contract mining.
Enchi hosts multiple deposits across its 248 km² prospective land package which remains largely underexplored. An 80,000-metre drill program is underway targeting resource conversion, resource growth, and exploration focused on defining the higher-grade potential to depth.
Drilling underway at Enchi targeting resource conversion, resource growth, and exploration. Focus of the current phase of drilling is on testing the high-grade potential of the upper fresh mineralization, with a focus on defining the high-grade potential to depth at Enchi.
Study outlined a base case assessment of developing an open pit, standard milling and carbon-in-leach operation, and is the result of technical work completed in 2024 and 2025.
Development work continues to de-risk the Project with drilling underway. Drill results reported in 2026 not yet included in the Pre-Feasibility Study and Mineral Resource Estimate.
Cash and cash equivalents of ~$15.5M as at June 30, 2026.
DISCLAIMER REGARDING FORWARD LOOKING STATEMENTS AND INFORMATION
This website is not intended as a solicitation or offering of securities in any jurisdiction and the information contained herein in no way should be construed or interpreted as such. This website is provided for informational purposes only and the opinions expressed are based upon Newcore Gold Ltd.’s (“Newcore” or the “Company”) analysis and interpretation. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by Newcore to that effect. The information on this website is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to Newcore and should not be used for the purpose of making investment decisions concerning Newcore’s securities.
Forward-Looking Statements
This website includes statements that contain “forward-looking” information within the meaning of the applicable Canadian securities legislation (“forward-looking statements”). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this site. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements include, but are not limited to: statements with respect to the future price of gold; the estimation of mineral resources and mineral reserves; magnitude or quality of mineral deposits; the development, operational and economic results of the Pre-Feasibility Study, timing and amount of estimated future production, cash flows, capital expenditures, development costs, extraction rates, recovery rates, mining cost estimates; anticipated advancement of the Enchi Gold Project mine plan; timing, content and completion of future economic studies; future operations; future exploration prospects; results of our ongoing drill campaign; results of drilling, magnitude or quality of mineral deposits; anticipated advancement of mineral properties or programs; success of exploration activities; future exploration prospects and growth potential of Enchi.
These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. These forward-looking statements are based on assumptions the Company believes to be reasonable at the time such statements are made, including, without limitation: the accuracy of the Pre-Feasibility Study and the underlying technical and economic assumptions; commodity prices; exchange rates; capital and operating cost estimates; availability of financing; permitting and development timelines; the Company’s ability to execute its plans as currently contemplated; and the ability of ongoing and future exploration programs to further define, expand or upgrade mineralization, including the potential for additional mineralization identified through drilling to be incorporated into future mineral resource and mineral reserve estimates or mine plans. Although the Company believes these assumptions to be reasonable based on information currently available, they may prove to be incorrect. There is no assurance that any additional mineralization identified through ongoing exploration will be incorporated into future studies or will materially enhance the Enchi Gold Project.
Forward-looking information also involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others: risks related to interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future gold prices, availability of capital and financing on acceptable terms, uninsured risks, regulatory changes, delays or inability to receive required approvals, taxes, mining title, the speculative nature of the Company’s business; the Company’s stage of development; the Company’s financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; fluctuations in general macroeconomic conditions and securities markets; fluctuations in the gold price; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, unusual or unexpected geological formations); the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); title to properties; and other risks and uncertainties related to our prospects, properties and business strategy as identified in the “Risks Factors” section of Newcore’s Annual Information Form filed on April 29, 2025 and described in more detail in Newcore’s recent securities filings available at www.sedarplus.ca. Readers are cautioned that the foregoing list of factors is not exhaustive of the factors that may affect the forward-looking statements. Actual events or results may differ materially from those projected in the forward-looking statements and Newcore cautions against placing undue reliance thereon. Except as required by applicable securities legislation, neither Newcore nor its management assume any obligation to revise or update these forward-looking statements.
Qualified Persons and Technical Disclosure
Mr. Gregory Smith, P. Geo, Vice President of Exploration of Newcore, is a Qualified Person within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”). He has reviewed and approved the scientific and technical data contained herein. The Mineral Resource Estimate for the Enchi Gold Project summarized on this website was completed by DRA Americas Inc. in accordance with NI 43-101 and is detailed in the technical report titled “Technical Report Mineral Resource Estimate Update, Enchi Gold Project, Ghana” dated May 1, 2026, with an effective date of March 18, 2026, prepared for Newcore by Ryan Wilson, P. Geo, Matthew Halliday, P. Geo, Schadrac Ibrango, P. Geo of DRA Americas Inc., and is available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Mineral resource estimation practices are in accordance with CIM Estimation of Mineral Resource and Mineral Reserve Best Practice Guidelines (November 29, 2019) and follow CIM Definition Standards for Mineral Resources and Mineral Reserves (May 10, 2014), that are incorporated by reference into NI 43-101. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that any mineral resource will be converted into a mineral reserve. Indicated Mineral Resources are inclusive of Mineral Reserves.
The data for the Pre-Feasibility Study on the Enchi Gold Project summarized herein was prepared for Newcore by Lycopodium as the lead consultant in accordance with NI 43-101 and is detailed in the Company’s June 24, 2026 news release with a technical report supporting the PFS to be filed under the Company’s SEDAR+ profile within 45 days of the announcement news release. This information presented herein should be read in conjunction with the news release issued on June 24, 2026.
This website summarizes information about the Company and readers are encouraged to review Newcore’s complete public and technical disclosure available on Newcore’s SEDAR+ profile, as well as Newcore’s website (https://newcoregold.com) for further details.
