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Newcore Adds Exploration Licenses as it Heads Towards an Updated PEA

Newcore Adds Exploration Licenses as it Heads Towards an Updated PEA

FromMining Stock Daily


Newcore Adds Exploration Licenses as it Heads Towards an Updated PEA

FromMining Stock Daily

ratings:
Length:
15 minutes
Released:
Feb 28, 2024
Format:
Podcast episode

Description

CEO Luke Alexander provides an update on Newcore Gold's Enchi project and the recent addition of the Omanpe license. The Omanpe license adds 32 square kilometers of prospective ground to the existing land package and is strategically located near the proposed heap leach operation. The company has completed an environmental and social baseline study, which further de-risks the project and supports the upcoming mining lease application. The updated preliminary economic assessment (PEA) is expected to show robust numbers, with a focus on the project's low capital expenditure and favorable NPV to CapEx ratio.
Released:
Feb 28, 2024
Format:
Podcast episode

Titles in the series (100)

Mining Stock Daily is a brief overview of finance and resource exploration news from the world's mining and metals sector. Mining Stock Daily is a quick overview of the day's most important sector information for both precious and base metals, including market trends and analysis.