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
- YouTube Interview with Luke Alexander
- Newcore Gold's website
- 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...