The Ins and Outs of PEAs (Guest Luke Alexander, Newcore Gold)

Rock Talk: Mining Demystified

In this interview, Luke Alexander, CEO & President of Newcorew Gold, discusses importance of Preliminary Economic Assessments, and the key differences in Newcore's recently released 2024 PEA vs their 2021 PEA.

Here's what you will learn:

• Luke's background on the banking and financing side before joining Newcore Gold.
• What Luke enjoys about the corporate side of the industry
• What is the importance of a PEA?
• The key takeaways and economics of Newcore Gold's updated PEA.
• Further upside potential at Enchi, and considerations for mine site design.
• Luke's closing thoughts on the mining sector.

About Newcore Gold

This interview with Luke Alexander was recorded on April 26, 2024.

Newcore Gold (TSX.V:NCAU) owns 100% of their flagship Enchi Gold Project in Ghana, located along one of West Africa’s most prolific and developed gold trends.

Links and Resources from this Episode

1. YouTube Interview with Luke Alexander
2. Newcore Gold's website
3. Newcore Gold is listed on the TSX.V under ticker NCAU and the OTCQX under ticker NCAUF

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Jargon in Today's Episode

• PEA: a "PEA" or Preliminary Economic Assessment is an initial study to determine the potential viability and profitability of a mining project before more detailed and expensive evaluations are undertaken.
• NPV: "NPV" or Net Present Value is a financial metric used to assess the profitability of a project by calculating the difference between the present value of cash inflows and outflows over the life of the project.
• IRR: "IRR" or Internal Rate of Return is a financial measure used to evaluate the profitability of a project, representing the annualized effective compounded return rate at which all the project's net cash flows (both incoming and outgoing) are equal to zero.
• AISC: "AISC" or All-In Sustaining Cost is a comprehensive measure that captures the total expenses associated with producing metals from a mine, including operating costs and additional expenses necessary to maintain production.
• Along strike: refers to the direction parallel to the length of a geological feature, such as a layer of rock or a vein of ore, following its natural horizontal extension.
• Long section: a vertical slice through the ore body or geological structure, providing a side view that helps in understanding the depth and distribution of the minerals within.
• High-grade chutes: refer to areas within a mineral deposit where the concentration of valuable minerals is significantly higher than the surrounding ore, often leading to more profitable extraction.

Timestamps

• (00:00) Episode introduction
• (01:44) Luke's background in the industry
• (03:26) Playing the long game and the cyclical nature of mining
• (06:48) What is a PEA?
• (09:46) The economics of Newcore's update PEA
• (14:37) Further exploration and underground potential
• (19:23) Newcore's current mine site layout
• (22:23) Luke's parting thoughts and mining's positive impacts

Disclaimer

This podcast is for informational purposes only and does not constitute financial advice. Investing in stocks involves risks, including the loss of principal. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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