Newcore Gold Announces Robust Pre-Feasibility Study for the Enchi Gold Project, Ghana
Original announcement by tmx on
- Company
- Newcore Gold Ltd.
- Ticker
- NCAU
- Exchange
- TSX
- Region
- Ghana
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Drill results, Resource update, Metallurgy
- Extracted
- 2026-09-12 14:43:33 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Newcore Gold announced robust Pre-Feasibility Study results for its Enchi Gold Project in Ghana, outlining an after-tax NPV5% of $647 million and IRR of 45% at a $4,200/oz gold price. The study proposes a 9.3-year open pit operation with a 5.5 Mtpa milling and CIL plant, producing an average of 104,000 ounces of gold annually at an AISC of $2,290/oz. Initial capital costs are estimated at $351 million, with a rapid 1.4-year after-tax payback. The PFS incorporates updated Mineral Resources and Reserves, and ongoing drilling continues to identify high-grade mineralization at depth, indicating significant growth potential beyond the current study.
Reasoning: The Pre-Feasibility Study outlines a technically and economically robust project with strong financial metrics, high recoveries, and significant growth potential from ongoing exploration. The project is well-positioned for advancement towards a mining lease.
Positive factors
- Robust project economics with strong after-tax NPV and IRR at current gold prices.
- High average gold recovery of 90.5% from a conventional milling and CIL circuit.
- Significant Mineral Reserve of 1.055 million ounces of gold supporting a 9.3-year mine life.
- Strong early production profile with higher grades and lower costs in the first three years.
- Ongoing drilling continues to intersect high-grade mineralization at depth, indicating significant resource growth potential beyond the current PFS.
- Rapid payback period of 1.4 years after-tax at spot gold price.
Negative factors
- Some high-grade drill intercepts have unknown true widths, which may overstate actual thickness.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 50
Classification and evidence
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The PFS and associated Mineral Resource and Reserve Estimates were prepared in accordance with National Instrument 43-101.
Evidence · text
“The PFS was prepared by Lycopodium (Americas) Limited ("Lycopodium") of Mississauga, Ontario, as the lead consultant in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Qualified Persons are named and responsible for various sections of the PFS, Mineral Resource, and Mineral Reserve estimates.
Evidence · text
“The mineral resource estimate was prepared by Ryan Wilson, P. Geo, Matthew Halliday, P. Geo, Schadrac Ibrango, P. Geo of DRA Americas Inc. in accordance with NI 43-101. These individuals are independent qualified persons ("QP") as defined by NI 43-101.”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document announces a Pre-Feasibility Study which incorporates an updated Mineral Resource Estimate.
Evidence · text
“The PFS is based on a Mineral Resource Estimate announced by Newcore on March 18, 2026”
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The Mineral Resource Estimate includes 83.6 Mt at 0.56 g/t Au in the Indicated category.
Evidence · table
“83,615,000”
Context: Total Indicated
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Mineral Resource Estimate includes 40.1 Mt at 0.49 g/t Au in the Inferred category.
Evidence · table
“40,111,000”
Context: Total Inferred
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The Mineral Reserve Estimate includes 51.3 Mt at 0.64 g/t Au in the Probable category.
Evidence · table
“51,290,000”
Context: Total Probable
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: The overall weighted average gold recovery is estimated at 90.5% for a standard milling and CIL circuit, which is strong.
Evidence · table
“90.5%”
Context: Average Gold Recovery
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The PFS is based on a standard milling and carbon-in-leach (CIL) processing flowsheet.
Evidence · text
“The PFS is based on a standard milling and CIL processing flowsheet, with a processing throughput of 5.5 Mtpa.”
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: Metallurgical samples consisted of oxide, transition and fresh material from the three largest deposits (Boin, Sewum, Nyam).
Evidence · text
“Metallurgical samples consisted of oxide, transition and fresh material from the three largest deposits at Enchi (Boin, Sewum, Nyam)”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: Hole KBDD098 intersected 1.0 m at 173.75 g/t Au, which is an exceptionally high grade.
Evidence · table
“173.75”
Context: 1.0
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: Hole KBDD100 intersected 1.0 m at 147.5 g/t Au, which is an exceptionally high grade and included visible gold.
Evidence · table
“147.5”
Context: 1.0
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The company states that analytical quality assurance and quality control procedures include systematic insertion of blanks, standards and duplicates, and samples are shipped to Intertek Labs.
Evidence · text
“Analytical quality assurance and quality control procedures include the systematic insertion of blanks, standards and duplicates into the sample strings. Samples are placed in sealed bags and shipped directly to Intertek Labs located in Tarkwa, Ghana for 50 gram gold fire assay.”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: For KBDD098 and KBDD100, the document explicitly states 'true width unknown' for the high-grade intercepts.
Evidence · text
“KBDD100 intersected 147.50 g/t Au over 1.0 m from 310 m (true width unknown...); KBDD098 which also intersected high-grade gold with 173.75 g/t Au over 1.0 metre from 264 m (true width unknown).”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Current drilling has targeted high-grade potential at depth, intersecting mineralization above the resource grade and extending the limits of the pits that constrain the resource.
Evidence · text
“Current drilling has targeted high-grade potential at depth, intersecting mineralization above the resource grade and extending the limits of the pits that constrain the resource.”
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Extracted facts
Stored fact records: 50. Some facts used in scoring do not have a stored record.
Drill Results (28)
KBDD088Enchi · goldGrade: 2.03Grade Unit: g/tIntercept: 16.5 mView all detailsHide details
Identity
- Hole ID
- KBDD088
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 2.03
- Grade Unit
- g/t
- Intercept
- 16.5 m
- From
- 190 m
- To
- 206.5 m
- Intercept Depth
- 190 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- KBDD088:190-206.5
Location
- Location
- Boin
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This intercept demonstrates good gold mineralization at depth, contributing to the potential for resource growth.
Positive factors
- Good grade over a significant width.
- Indicates potential for resource extension at depth.
Evidence · table
“2.03”
Context: 16.5
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
KBDD088Enchi · goldGrade: 3.9Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- KBDD088
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 3.9
- Grade Unit
- g/t
- Intercept
- 4 m
- From
- 195 m
- To
- 199 m
- Intercept Depth
- 195 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- KBDD088:195-199
Location
- Location
- Boin
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This high-grade sub-interval enhances the overall prospectivity of the KBDD088 intercept.
Positive factors
- Higher-grade sub-interval within a broader mineralized zone.
- Strong grade for potential open pit or underground scenarios.
Evidence · table
“3.90”
Context: 4.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
KBDD097Enchi · goldGrade: 3.54Grade Unit: g/tIntercept: 23 mView all detailsHide details
Identity
- Hole ID
- KBDD097
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 3.54
- Grade Unit
- g/t
- Intercept
- 23 m
- From
- 253 m
- To
- 276 m
- Intercept Depth
- 253 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- KBDD097:253-276
Location
- Location
- Boin
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This is a very strong intercept, highlighting significant high-grade gold mineralization at depth in the Boin deposit.
Positive factors
- Excellent grade over a significant width.
- One of the strongest drill intercepts achieved to date, indicating high-grade potential at depth.
Evidence · table
“3.54”
Context: 23.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
KBDD097Enchi · goldGrade: 6.92Grade Unit: g/tIntercept: 8 mView all detailsHide details
Identity
- Hole ID
- KBDD097
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 6.92
- Grade Unit
- g/t
- Intercept
- 8 m
- From
- 256 m
- To
- 264 m
- Intercept Depth
- 256 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- KBDD097:256-264
Location
- Location
- Boin
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This bonanza-grade sub-interval further enhances the significance of the KBDD097 intercept, indicating very high-grade zones.
Positive factors
- Exceptional grade over a good width.
- Signifies a high-grade core within the broader intercept.
Evidence · table
“6.92”
Context: 8.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
KBDD098Enchi · goldGrade: 173.75Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- KBDD098
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 173.75
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 264 m
- To
- 265 m
- Intercept Depth
- 264 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- KBDD098:264-265
Location
- Location
- Boin
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This bonanza intercept is highly significant for its grade, though its narrow width and unknown true width introduce some uncertainty.
Positive factors
- Extremely high-grade bonanza intercept.
- Indicates the presence of very rich gold mineralization.
Negative factors
- True width unknown, which may overstate actual thickness.
- Very narrow intercept.
Evidence · table
“173.75”
Context: 1.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
KBDD098Enchi · goldGrade: 3Grade Unit: g/tIntercept: 2.5 mView all detailsHide details
Identity
- Hole ID
- KBDD098
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 3
- Grade Unit
- g/t
- Intercept
- 2.5 m
- From
- 320.7 m
- To
- 323.2 m
- Intercept Depth
- 320.7 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- KBDD098:320.7-323.2
Location
- Location
- Boin
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This intercept shows good grade at a deeper level, suggesting continued mineralization.
Positive factors
- Good grade over a narrow width.
- Indicates continuity of mineralization at greater depth.
Evidence · table
“3.00”
Context: 2.5
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
KBDD100Enchi · goldGrade: 1.63Grade Unit: g/tIntercept: 5.9 mView all detailsHide details
Identity
- Hole ID
- KBDD100
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 1.63
- Grade Unit
- g/t
- Intercept
- 5.9 m
- From
- 257 m
- To
- 262.9 m
- Intercept Depth
- 257 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- KBDD100:257-262.9
Location
- Location
- Boin
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This intercept contributes to the overall understanding of mineralization at depth.
Positive factors
- Moderate grade over a reasonable width.
Evidence · table
“1.63”
Context: 5.9
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
KBDD100Enchi · goldGrade: 1.61Grade Unit: g/tIntercept: 5.4 mView all detailsHide details
Identity
- Hole ID
- KBDD100
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 1.61
- Grade Unit
- g/t
- Intercept
- 5.4 m
- From
- 295.6 m
- To
- 301 m
- Intercept Depth
- 295.6 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- KBDD100:295.6-301
Location
- Location
- Boin
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This intercept further confirms mineralization at deeper levels within the Boin deposit.
Positive factors
- Moderate grade over a reasonable width at greater depth.
Evidence · table
“1.61”
Context: 5.4
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
KBDD100Enchi · goldGrade: 147.5Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- KBDD100
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 147.5
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 310 m
- To
- 311 m
- Intercept Depth
- 310 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- KBDD100:310-311
Location
- Location
- Boin
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This bonanza intercept is highly significant for its grade and the presence of visible gold, indicating very rich zones, despite its narrow width and unknown true width.
Positive factors
- Extremely high-grade bonanza intercept, including the first visible gold encountered.
- Strong indicator of high-grade potential at depth.
Negative factors
- True width unknown, which may overstate actual thickness.
- Very narrow intercept.
Evidence · table
“147.5”
Context: 1.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
KBDD101Enchi · goldGrade: 1.26Grade Unit: g/tIntercept: 16 mView all detailsHide details
Identity
- Hole ID
- KBDD101
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 1.26
- Grade Unit
- g/t
- Intercept
- 16 m
- From
- 202 m
- To
- 218 m
- Intercept Depth
- 202 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- KBDD101:202-218
Location
- Location
- Boin
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This intercept adds to the understanding of mineralization continuity at depth.
Positive factors
- Moderate grade over a significant width.
Evidence · table
“1.26”
Context: 16.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
KBDD101Enchi · goldGrade: 2.22Grade Unit: g/tIntercept: 7 mView all detailsHide details
Identity
- Hole ID
- KBDD101
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 2.22
- Grade Unit
- g/t
- Intercept
- 7 m
- From
- 202 m
- To
- 209 m
- Intercept Depth
- 202 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- KBDD101:202-209
Location
- Location
- Boin
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This higher-grade sub-interval improves the overall quality of the KBDD101 intercept.
Positive factors
- Good grade sub-interval within a broader zone.
Evidence · table
“2.22”
Context: 7.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
KBDD102Enchi · goldGrade: 1.7Grade Unit: g/tIntercept: 25.5 mView all detailsHide details
Identity
- Hole ID
- KBDD102
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 1.7
- Grade Unit
- g/t
- Intercept
- 25.5 m
- From
- 285 m
- To
- 310.5 m
- Intercept Depth
- 285 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- KBDD102:285-310.5
Location
- Location
- Boin
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This intercept indicates good mineralization continuity and width at deeper levels.
Positive factors
- Good grade over a significant width at depth.
Evidence · table
“1.70”
Context: 25.5
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
KBDD102Enchi · goldGrade: 3.22Grade Unit: g/tIntercept: 17 mView all detailsHide details
Identity
- Hole ID
- KBDD102
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 3.22
- Grade Unit
- g/t
- Intercept
- 17 m
- From
- 327 m
- To
- 344 m
- Intercept Depth
- 327 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- KBDD102:327-344
Location
- Location
- Boin
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This strong intercept at significant depth is very positive, indicating high-grade potential for resource expansion.
Positive factors
- Excellent grade over a significant width at greater depth.
- Highlights high-grade potential at depth.
Evidence · table
“3.22”
Context: 17.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
KBDD107Enchi · goldGrade: 1.23Grade Unit: g/tIntercept: 33 mView all detailsHide details
Identity
- Hole ID
- KBDD107
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 1.23
- Grade Unit
- g/t
- Intercept
- 33 m
- From
- 337 m
- To
- 370 m
- Intercept Depth
- 337 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- KBDD107:337-370
Location
- Location
- Boin
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This wide intercept at depth is very positive, indicating substantial mineralization continuity and potential for bulk tonnage.
Positive factors
- Good grade over a very wide intercept at significant depth.
- Demonstrates strong continuity of mineralization.
Evidence · table
“1.23”
Context: 33.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
KBDD107Enchi · goldGrade: 2.16Grade Unit: g/tIntercept: 13 mView all detailsHide details
Identity
- Hole ID
- KBDD107
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 2.16
- Grade Unit
- g/t
- Intercept
- 13 m
- From
- 357 m
- To
- 370 m
- Intercept Depth
- 357 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- KBDD107:357-370
Location
- Location
- Boin
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This higher-grade sub-interval at significant depth further enhances the prospectivity of the KBDD107 intercept.
Positive factors
- Good grade over a significant width within a broader zone at very deep levels.
Evidence · table
“2.16”
Context: 13.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
KBDD111Enchi · goldGrade: 1.38Grade Unit: g/tIntercept: 15 mView all detailsHide details
Identity
- Hole ID
- KBDD111
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 1.38
- Grade Unit
- g/t
- Intercept
- 15 m
- From
- 193 m
- To
- 208 m
- Intercept Depth
- 193 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- KBDD111:193-208
Location
- Location
- Boin
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This intercept contributes to the overall understanding of mineralization continuity.
Positive factors
- Moderate grade over a significant width.
Evidence · table
“1.38”
Context: 15.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
KBDD111Enchi · goldGrade: 5.99Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- KBDD111
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 5.99
- Grade Unit
- g/t
- Intercept
- 3 m
- From
- 204 m
- To
- 207 m
- Intercept Depth
- 204 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- KBDD111:204-207
Location
- Location
- Boin
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This high-grade sub-interval significantly improves the quality of the KBDD111 intercept.
Positive factors
- Excellent grade over a narrow width.
Evidence · table
“5.99”
Context: 3.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
SWDD107Enchi · goldGrade: 1.59Grade Unit: g/tIntercept: 15.5 mView all detailsHide details
Identity
- Hole ID
- SWDD107
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 1.59
- Grade Unit
- g/t
- Intercept
- 15.5 m
- From
- 147.5 m
- To
- 163 m
- Intercept Depth
- 147.5 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SWDD107:147.5-163
Location
- Location
- Sewum
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This intercept demonstrates good gold mineralization in the Sewum deposit.
Positive factors
- Good grade over a significant width.
Evidence · table
“1.59”
Context: 15.5
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
SWDD107Enchi · goldGrade: 3.22Grade Unit: g/tIntercept: 6.4 mView all detailsHide details
Identity
- Hole ID
- SWDD107
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 3.22
- Grade Unit
- g/t
- Intercept
- 6.4 m
- From
- 152.9 m
- To
- 159.3 m
- Intercept Depth
- 152.9 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SWDD107:152.9-159.3
Location
- Location
- Sewum
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This high-grade sub-interval significantly enhances the prospectivity of the SWDD107 intercept.
Positive factors
- Excellent grade over a good width within a broader zone.
Evidence · table
“3.22”
Context: 6.4
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
SWDD108Enchi · goldGrade: 0.48Grade Unit: g/tIntercept: 41 mView all detailsHide details
Identity
- Hole ID
- SWDD108
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 0.48
- Grade Unit
- g/t
- Intercept
- 41 m
- From
- 141.5 m
- To
- 182.5 m
- Intercept Depth
- 141.5 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SWDD108:141.5-182.5
Location
- Location
- Sewum
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This very wide intercept, even at moderate grade, suggests significant bulk tonnage potential in the Sewum deposit.
Positive factors
- Moderate grade over a very wide intercept.
- Indicates potential for bulk tonnage mineralization.
Evidence · table
“0.48”
Context: 41.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
SWDD108Enchi · goldGrade: 0.82Grade Unit: g/tIntercept: 18.5 mView all detailsHide details
Identity
- Hole ID
- SWDD108
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 0.82
- Grade Unit
- g/t
- Intercept
- 18.5 m
- From
- 189.5 m
- To
- 208 m
- Intercept Depth
- 189.5 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SWDD108:189.5-208
Location
- Location
- Sewum
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This intercept further confirms mineralization continuity in the Sewum deposit.
Positive factors
- Good grade over a significant width.
Evidence · table
“0.82”
Context: 18.5
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
SWDD108Enchi · goldGrade: 2.26Grade Unit: g/tIntercept: 4.5 mView all detailsHide details
Identity
- Hole ID
- SWDD108
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 2.26
- Grade Unit
- g/t
- Intercept
- 4.5 m
- From
- 199.5 m
- To
- 204 m
- Intercept Depth
- 199.5 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SWDD108:199.5-204
Location
- Location
- Sewum
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This higher-grade sub-interval improves the overall quality of the SWDD108 intercept.
Positive factors
- Good grade sub-interval within a broader zone.
Evidence · table
“2.26”
Context: 4.5
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
SWDD112Enchi · goldGrade: 1Grade Unit: g/tIntercept: 10.5 mView all detailsHide details
Identity
- Hole ID
- SWDD112
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 1
- Grade Unit
- g/t
- Intercept
- 10.5 m
- From
- 0 m
- To
- 10.5 m
- Intercept Depth
- 0 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SWDD112:0-10.5
Location
- Location
- Sewum
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This shallow intercept with good grade is positive for potential early-stage mining.
Positive factors
- Good grade at very shallow depth, indicating potential for early mining.
Evidence · table
“1.00”
Context: 10.5
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
SWDD112Enchi · goldGrade: 0.69Grade Unit: g/tIntercept: 41 mView all detailsHide details
Identity
- Hole ID
- SWDD112
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 0.69
- Grade Unit
- g/t
- Intercept
- 41 m
- From
- 21.5 m
- To
- 62.5 m
- Intercept Depth
- 21.5 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SWDD112:21.5-62.5
Location
- Location
- Sewum
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This very wide and shallow intercept suggests significant bulk tonnage potential in the Sewum deposit.
Positive factors
- Moderate grade over a very wide intercept at shallow depth.
- Indicates potential for bulk tonnage mineralization.
Evidence · table
“0.69”
Context: 41.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
SWDD112Enchi · goldGrade: 0.41Grade Unit: g/tIntercept: 25.2 mView all detailsHide details
Identity
- Hole ID
- SWDD112
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 0.41
- Grade Unit
- g/t
- Intercept
- 25.2 m
- From
- 102.4 m
- To
- 127.6 m
- Intercept Depth
- 102.4 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SWDD112:102.4-127.6
Location
- Location
- Sewum
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This intercept further confirms mineralization continuity in the Sewum deposit.
Positive factors
- Moderate grade over a significant width.
Evidence · table
“0.41”
Context: 25.2
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
SWDD121Enchi · goldGrade: 0.55Grade Unit: g/tIntercept: 16.5 mView all detailsHide details
Identity
- Hole ID
- SWDD121
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 0.55
- Grade Unit
- g/t
- Intercept
- 16.5 m
- From
- 30 m
- To
- 46.5 m
- Intercept Depth
- 30 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SWDD121:30-46.5
Location
- Location
- Sewum
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This shallow intercept contributes to the understanding of mineralization in the Sewum deposit.
Positive factors
- Moderate grade over a significant width at shallow depth.
Evidence · table
“0.55”
Context: 16.5
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
SWDD121Enchi · goldGrade: 1.37Grade Unit: g/tIntercept: 24 mView all detailsHide details
Identity
- Hole ID
- SWDD121
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 1.37
- Grade Unit
- g/t
- Intercept
- 24 m
- From
- 94 m
- To
- 118 m
- Intercept Depth
- 94 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SWDD121:94-118
Location
- Location
- Sewum
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This intercept demonstrates good gold mineralization over a substantial width in the Sewum deposit.
Positive factors
- Good grade over a significant width.
Evidence · table
“1.37”
Context: 24.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
SWDD121Enchi · goldGrade: 1.93Grade Unit: g/tIntercept: 12 mView all detailsHide details
Identity
- Hole ID
- SWDD121
- Project
- Enchi
- Commodity
- gold
- Region
- ghana
- Reported Region
- ghana
- Ticker
- NCAU
Geometry
- Grade
- 1.93
- Grade Unit
- g/t
- Intercept
- 12 m
- From
- 103 m
- To
- 115 m
- Intercept Depth
- 103 m
Classification
- Program
- mixed
- Sample Type
- drill
- Group ID
- SWDD121:103-115
Location
- Location
- Sewum
- Loc. Source
- document
QA/QC
- Laboratory
- Intertek Labs
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This higher-grade sub-interval improves the overall quality of the SWDD121 intercept.
Positive factors
- Good grade over a significant width within a broader zone.
Evidence · table
“1.93”
Context: 12.0
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Boin Gold Deposit: Results reported in 2026 include the first visible gold encountered by drilling at Enchi along with s"
Resource Estimates (15)
indicatedEnchi Gold Project · goldTonnes: 23477000Grade: 0.73Grade Unit: g/tContained Metal: 550000Contained Unit: ozView all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson, Matthew Halliday, Schadrac Ibrango
- Resource group id
- resource:e3b6a799f1d39dd05812
- Deposit or zone
- Boin
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 23477000
- Grade
- 0.73
- Grade Unit
- g/t
- Contained Metal
- 550000
- Contained Unit
- oz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-10-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This is a substantial Indicated resource for the Boin deposit, contributing significantly to the overall project.
Positive factors
- High confidence Indicated category resource.
- Good grade for an open pit gold project.
Evidence · table
“23,477,000”
Context: Boin
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEnchi Gold Project · goldTonnes: 9237000Grade: 0.6Grade Unit: g/tContained Metal: 178000Contained Unit: ozView all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson, Matthew Halliday, Schadrac Ibrango
- Resource group id
- resource:a779ccd58ae4eb764da6
- Deposit or zone
- Boin
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 9237000
- Grade
- 0.6
- Grade Unit
- g/t
- Contained Metal
- 178000
- Contained Unit
- oz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-10-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This Inferred resource provides future potential for conversion to higher confidence categories, but currently has lower geological certainty.
Positive factors
- Adds to the overall resource base for the Boin deposit.
Negative factors
- Lower confidence Inferred category.
Evidence · table
“9,237,000”
Context: Boin
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEnchi Gold Project · goldTonnes: 41233000Grade: 0.43Grade Unit: g/tContained Metal: 573000Contained Unit: ozView all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson, Matthew Halliday, Schadrac Ibrango
- Resource group id
- resource:af78bb75c88518caf885
- Deposit or zone
- Sewum
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 41233000
- Grade
- 0.43
- Grade Unit
- g/t
- Contained Metal
- 573000
- Contained Unit
- oz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-10-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: The Sewum deposit holds the largest Indicated tonnage, providing substantial scale to the project despite a lower average grade.
Positive factors
- Largest Indicated tonnage for any deposit, contributing significantly to overall project scale.
Negative factors
- Lower grade compared to other deposits.
Evidence · table
“41,233,000”
Context: Sewum
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEnchi Gold Project · goldTonnes: 24246000Grade: 0.39Grade Unit: g/tContained Metal: 308000Contained Unit: ozView all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson, Matthew Halliday, Schadrac Ibrango
- Resource group id
- resource:eb6581320e3ed951991e
- Deposit or zone
- Sewum
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 24246000
- Grade
- 0.39
- Grade Unit
- g/t
- Contained Metal
- 308000
- Contained Unit
- oz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-10-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This Inferred resource for Sewum adds to the project's overall potential, but its lower confidence and grade require further work.
Positive factors
- Adds significant tonnage to the Inferred resource base.
Negative factors
- Lower confidence Inferred category and lower grade.
Evidence · table
“24,246,000”
Context: Sewum
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEnchi Gold Project · goldTonnes: 13458000Grade: 0.66Grade Unit: g/tContained Metal: 287000Contained Unit: ozView all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson, Matthew Halliday, Schadrac Ibrango
- Resource group id
- resource:6f8dab9cdbeb34c64e18
- Deposit or zone
- Nyam
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 13458000
- Grade
- 0.66
- Grade Unit
- g/t
- Contained Metal
- 287000
- Contained Unit
- oz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-10-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: The Nyam deposit contributes a good quality Indicated resource to the overall project.
Positive factors
- Solid Indicated resource with good grade for an open pit.
Evidence · table
“13,458,000”
Context: Nyam
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEnchi Gold Project · goldTonnes: 5471000Grade: 0.68Grade Unit: g/tContained Metal: 120000Contained Unit: ozView all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson, Matthew Halliday, Schadrac Ibrango
- Resource group id
- resource:3d9f664da4b95758847e
- Deposit or zone
- Nyam
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 5471000
- Grade
- 0.68
- Grade Unit
- g/t
- Contained Metal
- 120000
- Contained Unit
- oz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-10-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This Inferred resource for Nyam shows good grade potential, offering future conversion opportunities.
Positive factors
- Good grade for an Inferred resource.
Negative factors
- Lower confidence Inferred category.
Evidence · table
“5,471,000”
Context: Nyam
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEnchi Gold Project · goldTonnes: 5447000Grade: 0.52Grade Unit: g/tContained Metal: 92000Contained Unit: ozView all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson, Matthew Halliday, Schadrac Ibrango
- Resource group id
- resource:7f84259b27a0413e5314
- Deposit or zone
- Kwakyekrom
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 5447000
- Grade
- 0.52
- Grade Unit
- g/t
- Contained Metal
- 92000
- Contained Unit
- oz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-10-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: The Kwakyekrom deposit provides a smaller but valuable Indicated resource.
Positive factors
- Adds to the Indicated resource base.
Evidence · table
“5,447,000”
Context: Kwakyekrom
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEnchi Gold Project · goldTonnes: 1156000Grade: 0.52Grade Unit: g/tContained Metal: 19000Contained Unit: ozView all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson, Matthew Halliday, Schadrac Ibrango
- Resource group id
- resource:1bb6c0b382722bf2aac4
- Deposit or zone
- Kwakyekrom
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1156000
- Grade
- 0.52
- Grade Unit
- g/t
- Contained Metal
- 19000
- Contained Unit
- oz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-10-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: This small Inferred resource for Kwakyekrom has limited immediate impact but adds to overall potential.
Negative factors
- Smallest Inferred resource, lower confidence.
Evidence · table
“1,156,000”
Context: Kwakyekrom
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedEnchi Gold Project · goldTonnes: 83615000Grade: 0.56Grade Unit: g/tContained Metal: 1502000Contained Unit: ozView all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson, Matthew Halliday, Schadrac Ibrango
- Resource group id
- resource:5f88a7aed910630ef87c
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 83615000
- Grade
- 0.56
- Grade Unit
- g/t
- Contained Metal
- 1502000
- Contained Unit
- oz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-10-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: The total Indicated Mineral Resource is a key positive for the project, demonstrating significant geological confidence and scale.
Positive factors
- Substantial Indicated Mineral Resource providing a strong foundation for economic studies and reserve conversion.
Evidence · table
“83,615,000”
Context: Total Indicated
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredEnchi Gold Project · goldTonnes: 40111000Grade: 0.49Grade Unit: g/tContained Metal: 626000Contained Unit: ozView all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Wilson, Matthew Halliday, Schadrac Ibrango
- Resource group id
- resource:1b0b996de8231b58c9e7
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 40111000
- Grade
- 0.49
- Grade Unit
- g/t
- Contained Metal
- 626000
- Contained Unit
- oz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-10-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: The total Inferred Mineral Resource provides substantial upside potential for the project, subject to further drilling and de-risking.
Positive factors
- Adds significant potential for future resource growth and conversion.
Negative factors
- Lower confidence Inferred category.
Evidence · table
“40,111,000”
Context: Total Inferred
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableEnchi Gold Project · goldTonnes: 15906000Grade: 0.84Grade Unit: g/tContained Metal: 429000Contained Unit: ozView all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Grant Carlson
- Resource group id
- resource:16845d4e7b73e423d9cc
- Deposit or zone
- Boin
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 15906000
- Grade
- 0.84
- Grade Unit
- g/t
- Contained Metal
- 429000
- Contained Unit
- oz
- Cutoff Grade
- 0.14
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: The Boin deposit contributes a significant and high-grade Probable Reserve, forming a key part of the mine plan.
Positive factors
- High confidence Probable Reserve.
- Good grade for an open pit gold reserve.
Evidence · table
“15,906,000”
Context: Boin
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableEnchi Gold Project · goldTonnes: 26213000Grade: 0.48Grade Unit: g/tContained Metal: 406000Contained Unit: ozView all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Grant Carlson
- Resource group id
- resource:1d2b32f3ecb091f987d7
- Deposit or zone
- Sewum
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 26213000
- Grade
- 0.48
- Grade Unit
- g/t
- Contained Metal
- 406000
- Contained Unit
- oz
- Cutoff Grade
- 0.14
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: The Sewum deposit contributes the largest tonnage to the Probable Reserve, underpinning a substantial portion of the mine life.
Positive factors
- Largest Probable Reserve tonnage, providing significant scale to the mine plan.
Negative factors
- Lower grade compared to other reserve deposits.
Evidence · table
“26,213,000”
Context: Sewum
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableEnchi Gold Project · goldTonnes: 7193000Grade: 0.76Grade Unit: g/tContained Metal: 175000Contained Unit: ozView all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Grant Carlson
- Resource group id
- resource:ac6420c06a26b99c9ecf
- Deposit or zone
- Nyam
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 7193000
- Grade
- 0.76
- Grade Unit
- g/t
- Contained Metal
- 175000
- Contained Unit
- oz
- Cutoff Grade
- 0.14
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: The Nyam deposit provides a good quality Probable Reserve, contributing positively to the overall mine plan.
Positive factors
- Solid Probable Reserve with good grade.
Evidence · table
“7,193,000”
Context: Nyam
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableEnchi Gold Project · goldTonnes: 1978000Grade: 0.7Grade Unit: g/tContained Metal: 44000Contained Unit: ozView all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Grant Carlson
- Resource group id
- resource:1e8e477755930f4681cf
- Deposit or zone
- Kwakyekrom
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 1978000
- Grade
- 0.7
- Grade Unit
- g/t
- Contained Metal
- 44000
- Contained Unit
- oz
- Cutoff Grade
- 0.14
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: The Kwakyekrom deposit provides a smaller but valuable Probable Reserve, contributing to the overall mine plan.
Positive factors
- Adds to the Probable Reserve base with good grade.
Evidence · table
“1,978,000”
Context: Kwakyekrom
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableEnchi Gold Project · goldTonnes: 51290000Grade: 0.64Grade Unit: g/tContained Metal: 1055000Contained Unit: ozView all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Grant Carlson
- Resource group id
- resource:b925e49c48ea14f7cdc6
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 51290000
- Grade
- 0.64
- Grade Unit
- g/t
- Contained Metal
- 1055000
- Contained Unit
- oz
- Cutoff Grade
- 0.14
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: The total Probable Mineral Reserve is a highly positive outcome of the PFS, confirming economic viability and providing a solid foundation for production.
Positive factors
- Over 1 million ounces of Probable Reserves provide a strong basis for the mine plan and economic viability.
Evidence · table
“51,290,000”
Context: Total Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Metallurgical Results (7)
milling and CIL circuitEnchi Gold Project · goldRecovery: 90.5 %View all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Test Work
- Program Status
- detailed
- Test Type
- milling and CIL circuit
- Processing Route
- standard milling and CIL circuit producing gold doré, with gravity circuit
- Sample
- overall weighted average from oxide, transition and fresh material from Boin, Sewum, Nyam
- Grind P80
- 53 µm
Recovery
- Recovery
- 90.5 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- Intertek Labs and Base Metallurgical Laboratories Ltd.
- Consultant
- Lycopodium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: The overall weighted average gold recovery of 90.5% is excellent for a standard milling and CIL circuit, significantly enhancing project economics.
Positive factors
- High gold recovery for a CIL circuit, indicating efficient processing.
- Good overall recovery across varying ore types and deposits.
Evidence · table
“90.5%”
Context: Average Gold Recovery
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
milling and CIL circuitEnchi Gold Project · goldRecovery: 89.4 %View all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Test Work
- Program Status
- detailed
- Test Type
- milling and CIL circuit
- Processing Route
- standard milling and CIL circuit producing gold doré, with gravity circuit
- Sample
- testwork from varying ore types and deposits
Recovery
- Recovery
- 89.4 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- Intertek Labs and Base Metallurgical Laboratories Ltd.
- Consultant
- Lycopodium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: The lower end of the recovery range is still very good, demonstrating consistent metallurgical performance across different ore types.
Positive factors
- Strong recovery at the lower end of the reported range, still indicating good metallurgical performance.
Evidence · text
“recoveries from testwork from the varying ore types and deposits ranged from 89.4% to 97.7%”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
milling and CIL circuitEnchi Gold Project · goldRecovery: 97.7 %View all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Test Work
- Program Status
- detailed
- Test Type
- milling and CIL circuit
- Processing Route
- standard milling and CIL circuit producing gold doré, with gravity circuit
- Sample
- testwork from varying ore types and deposits
Recovery
- Recovery
- 97.7 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- Intertek Labs and Base Metallurgical Laboratories Ltd.
- Consultant
- Lycopodium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: The upper end of the recovery range is exceptionally high, showcasing the potential for very efficient gold extraction from certain ore types.
Positive factors
- Exceptional recovery at the upper end of the reported range, indicating very high efficiency for some ore types.
Evidence · text
“recoveries from testwork from the varying ore types and deposits ranged from 89.4% to 97.7%”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 97.7% is at or above the exceptional band (95%)
milling and CIL circuitEnchi Gold Project · goldRecovery: 89.7 %View all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Test Work
- Program Status
- detailed
- Test Type
- milling and CIL circuit
- Processing Route
- standard milling and CIL circuit producing gold doré, with gravity circuit
- Sample
- Boin deposit
Recovery
- Recovery
- 89.7 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- Intertek Labs and Base Metallurgical Laboratories Ltd.
- Consultant
- Lycopodium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: The Boin deposit shows good gold recovery, which is a positive for its contribution to the overall production profile.
Positive factors
- Strong recovery for the Boin deposit, contributing positively to overall project economics.
Evidence · table
“89.7%”
Context: Boin
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
milling and CIL circuitEnchi Gold Project · goldRecovery: 91.8 %View all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Test Work
- Program Status
- detailed
- Test Type
- milling and CIL circuit
- Processing Route
- standard milling and CIL circuit producing gold doré, with gravity circuit
- Sample
- Sewum deposit
Recovery
- Recovery
- 91.8 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- Intertek Labs and Base Metallurgical Laboratories Ltd.
- Consultant
- Lycopodium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: The Sewum deposit exhibits excellent gold recovery, which is highly beneficial given its significant contribution to the total ore feed.
Positive factors
- Excellent recovery for the Sewum deposit, which is the largest tonnage contributor.
Evidence · table
“91.8%”
Context: Sewum
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
milling and CIL circuitEnchi Gold Project · goldRecovery: 89.4 %View all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Test Work
- Program Status
- detailed
- Test Type
- milling and CIL circuit
- Processing Route
- standard milling and CIL circuit producing gold doré, with gravity circuit
- Sample
- Nyam deposit
Recovery
- Recovery
- 89.4 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- Intertek Labs and Base Metallurgical Laboratories Ltd.
- Consultant
- Lycopodium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: The Nyam deposit shows good gold recovery, which is positive for its role in the overall mine plan.
Positive factors
- Strong recovery for the Nyam deposit, supporting its economic contribution.
Evidence · table
“89.4%”
Context: Nyam
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
milling and CIL circuitEnchi Gold Project · goldRecovery: 89.2 %View all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Test Work
- Program Status
- detailed
- Test Type
- milling and CIL circuit
- Processing Route
- standard milling and CIL circuit producing gold doré, with gravity circuit
- Sample
- Kwakyekrom deposit
Recovery
- Recovery
- 89.2 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- Intertek Labs and Base Metallurgical Laboratories Ltd.
- Consultant
- Lycopodium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-24T00:00:00.000Z
Reasoning: The Kwakyekrom deposit shows good gold recovery, which is positive for its contribution to the overall production.
Positive factors
- Strong recovery for the Kwakyekrom deposit, supporting its economic contribution.
Evidence · table
“89.2%”
Context: Kwakyekrom
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.