Newcore Gold Pushes Enchi Forward as Exploration Upside Grows | Luke Alexander

Newcore Gold (TSXV: NCAU) President and CEO Luke Alexander joins Kitco Mining’s Investment Trends with Paul Harris at VRIC 2026 to discuss advancing the Enchi gold project in Ghana’s Bibiani Shear Zone and how higher gold prices are shaping development decisions across Africa.Alexander says the company has expanded drilling to 45,000 m but is “still just scratching the potential across our entry project,” with more than 25 targets identified and only nine drilled so far. Recent high-grade results, including visible gold, are helping validate the geological model and support the potential for feeder zones similar to those that have driven significant resource growth at other major Ghanaian gold mines.Looking ahead to a pre-feasibility study targeted for June 2026, Alexander outlines how optimization work and a higher gold price environment could improve project economics. He explains that for every $100 move in the gold price, the project’s after-tax net present value increases by roughly $50 million, highlighting the leverage embedded in Enchi beyond the assumptions used in the 2024 preliminary economic assessment.The discussion also covers warrant expiry on Feb. 27, 2026, funding for expanded drilling, and the potential for a rerating as Enchi advances toward development and a possible production decision by 2029. Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.00:36 – Enchi Project Update: Drilling Progress and Exploration Upside01:56 – High-Grade Gold Results and Visible Gold Discoveries05:35 – Pre-Feasibility Study Plans and Project Optimization11:22 – Balance Sheet Strength, Warrants, and Funding Strategy20:17 – Gold Market Dynamics, Africa M&A, and Valuation Gaps23:56 – Key Catalysts, PFS Timeline, and Closing Remarks__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.