Newcore Gold Announces Robust Pre-Feasibility Study for the Enchi Gold Project, Ghana

Newcore Gold has unveiled impressive findings from its pre-feasibility study for the Enchi Gold Project in Ghana, projecting an after-tax NPV5% of $647 million and an after-tax IRR of 45% at a spot gold price of $4,200 per ounce. The study indicates an average annual gold production of about 130,000 ounces over the first three years. This significant announcement underscores Newcore's potential to contribute significantly to Ghana's mining sector and highlights the promising economic benefits for both the local community and the global gold market.