# Newcore Gold Announces Updated Mineral Resource Estimate for the Enchi Gold Project, Ghana Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8 Original source: https://money.tmx.com/en/quote/NCAU/news/7567981693340782/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj Publisher: tmx Original announcement: 2026-03-18T10:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Newcore Gold Ltd. - Ticker: NCAU - Exchange: TSX - Region: Ghana - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-09-12 15:04:41 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Newcore Gold announced an updated Mineral Resource Estimate for its Enchi Gold Project in Ghana, significantly increasing the Indicated gold ounces to 1.5 million at 0.56 g/t Au, more than double the previous estimate. The updated resource, which also includes 626,000 Inferred ounces at 0.49 g/t Au, will form the basis for a Pre-Feasibility Study targeted for completion by mid-2026. The company highlights the project's potential for further growth as deposits remain open along strike and at depth. Reasoning: The updated Mineral Resource Estimate significantly increased the Indicated gold ounces, providing a strong foundation for the upcoming Pre-Feasibility Study. While the average grades are relatively low compared to typical orogenic gold deposits, they are consistent with a bulk-tonnage open-pit scenario, and the project retains significant exploration upside. - Positive factor: Significant increase in Indicated resources, more than doubling the previous estimate. - Positive factor: The updated Indicated Mineral Resource will form the basis for a Pre-Feasibility Study \(PFS\), de-risking project development. - Positive factor: The deposits remain open along strike and at depth, indicating potential for future resource growth. - Positive factor: The resource estimate is NI 43-101 compliant and signed off by independent Qualified Persons. - Negative factor: The average grades are relatively low \(0.56 g/t Au Indicated, 0.49 g/t Au Inferred\) compared to typical orogenic gold deposits, falling into the weak category for open-pit gold. - Negative factor: A significant portion of the total resource \(626,000 ounces\) remains in the Inferred category. - Negative factor: The cut-off grade varies by material type \(0.1 to 0.2 g/t Au\), which can complicate direct comparison. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 48 ## Classification and evidence **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: The Indicated Mineral Resource more than doubled to 1,502,000 ounces gold, representing a significant increase in confidence. Evidence · text > More Than Doubled the Indicated Mineral Resource to 1,502,000 Ounces Gold. **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: The Indicated Mineral Resource increased to 83.6 million tonnes, more than double the last Indicated Resource published in 2023. Evidence · text > Indicated Mineral Resource of 1,502,000 ounces of gold at an average grade of 0.56 g/t Au within 83.6 million tonnes, more than double the last Indicated Resource for the Project published in 2023 **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: The Indicated Mineral Resource increased to 1,502,000 ounces of gold, more than double the last Indicated Resource for the Project. Evidence · text > Indicated Mineral Resource of 1,502,000 ounces of gold at an average grade of 0.56 g/t Au within 83.6 million tonnes, more than double the last Indicated Resource for the Project published in 2023 **QP/CP Signed** Polarity: positive Definition: 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: The resource estimate was prepared by Ryan Wilson, P. Geo, Matthew Halliday, P. Geo, Schadrac Ibrango, P. Geo of DRA Global Limited, who are independent qualified persons. Evidence · text > The resource estimate was prepared by Ryan Wilson, P. Geo, Matthew Halliday, P. Geo, Schadrac Ibrango, P. Geo of DRA Global Limited in accordance with NI 43-101. These individuals are QPs as defined by NI 43-101. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The Mineral Resource Estimate was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects. Evidence · text > prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects \("NI 43-101"\) **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The document states that open pit cut-off grades varied from 0.1 to 0.2 g/t Au and a US$3,200 per ounce gold price was used. Evidence · text > Open pit cut-off grades varied from 0.1 to 0.2 g/t Au based on mining and processing costs as well as the recoveries in different weathered material. A US$3,200 per ounce gold price was used to determine the cut-off grade. **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource includes an Inferred Mineral Resource of 40.1 million tonnes at an average grade of 0.49 g/t Au containing 626,000 ounces gold. Evidence · text > Inferred Mineral Resource of 40.1 million tonnes at an average grade of 0.49 g/t Au containing 626,000 ounces gold. **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The announcement explicitly states it is an 'Updated Mineral Resource Estimate' for the Enchi Gold Project. Evidence · text > Newcore Gold Announces Updated Mineral Resource Estimate for the Enchi Gold Project, Ghana **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: The Indicated Mineral Resource will form the basis for the Pre-Feasibility Study which is underway and targeted for completion by the end of June 2026. Evidence · text > The Indicated Mineral Resource will form the basis for the Pre-Feasibility Study \("PFS"\) which is underway and targeted for completion by the end of June 2026 ## Extracted facts Stored fact records: 48. Some facts used in scoring do not have a stored record. ## Resource Estimates (48) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-0) Enchi Gold Project · gold #### 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 #### 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 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Boin zone contributes a significant portion to the overall Indicated resource, with a moderate grade for open-pit mining. - Positive factor: Significant Indicated resource for the Boin zone. - Positive factor: Grade of 0.73 g/t Au is moderate for an open-pit gold deposit. Evidence · table > 0.73 Context: 23,477,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-1) Enchi Gold Project · gold #### 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 #### 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 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Boin zone also has a notable Inferred resource, contributing to the project's overall potential, though with lower confidence. - Positive factor: Adds to the overall resource potential of the Boin zone. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.60 Context: 9,237,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-2) Enchi Gold Project · gold #### 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 #### 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 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Sewum zone is the largest contributor to the Indicated resource by tonnage, though with a lower average grade. - Positive factor: Largest Indicated tonnage among the zones, contributing significantly to the total. - Negative factor: Grade of 0.43 g/t Au is at the lower end of the weak category for open-pit gold. Evidence · table > 0.43 Context: 41,233,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-3) Enchi Gold Project · gold #### 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 #### 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 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Sewum zone has a substantial Inferred resource, but with lower confidence and a grade below the weak threshold for open-pit gold. - Positive factor: Adds significant tonnage to the overall Inferred resource. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Grade of 0.39 g/t Au is below the weak category for open-pit gold. Evidence · table > 0.39 Context: 24,246,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-4) Enchi Gold Project · gold #### 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 #### 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 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Nyam zone provides a solid Indicated resource with a moderate grade, contributing to the project's overall confidence. - Positive factor: Good Indicated resource for the Nyam zone. - Positive factor: Grade of 0.66 g/t Au is moderate for an open-pit gold deposit. Evidence · table > 0.66 Context: 13,458,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-5) Enchi Gold Project · gold #### 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 #### 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 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Nyam zone also has a notable Inferred resource with a moderate grade, contributing to the project's overall potential. - Positive factor: Adds to the overall resource potential of the Nyam zone with a moderate grade. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.68 Context: 5,471,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-6) Enchi Gold Project · gold #### 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:05fcfeb79e26c2d051a2 - Deposit or zone: Kwakyekrom - Mining method: open\_pit #### Resource Data - Category: inferred - 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 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Kwakyekrom zone contributes to the Inferred resource, but with lower confidence and a grade at the lower end of the weak threshold. - Positive factor: Adds to the overall resource potential of the Kwakyekrom zone. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Grade of 0.52 g/t Au is at the lower end of the weak category for open-pit gold. Evidence · table > 0.52 Context: 5,447,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-7) Enchi Gold Project · gold #### 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 #### 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 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: A smaller Inferred resource for Kwakyekrom, contributing to the overall potential but with lower confidence and grade. - Positive factor: Adds to the overall resource potential of the Kwakyekrom zone. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Grade of 0.52 g/t Au is at the lower end of the weak category for open-pit gold. Evidence · table > 0.52 Context: 1,156,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-8) Enchi Gold Project · gold #### 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:245078ccf2df3221769f - Deposit or zone: Project Total - Mining method: open\_pit #### 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 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The total Indicated resource is a major positive, providing a robust base for economic studies and future development. - Positive factor: Total Indicated resource of 1.5 million ounces represents a significant increase and strong foundation for PFS. - Positive factor: Grade of 0.56 g/t Au is within the weak category for open-pit gold, but for a large tonnage. Evidence · table > 0.56 Context: 83,615,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-9) Enchi Gold Project · gold #### 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:4601b277e5c3937854bf - Deposit or zone: Project Total - Mining method: open\_pit #### 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 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The substantial Inferred resource provides significant upside potential, though with lower confidence and a grade within the weak open-pit category. - Positive factor: Adds significant ounces to the overall resource potential, indicating future growth opportunities. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Grade of 0.49 g/t Au is within the weak category for open-pit gold. Evidence · table > 0.49 Context: 40,111,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-10) Enchi Gold Project · gold #### 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:47040a648029c6b69fbc - Deposit or zone: Project Total \(Gold Price Sensitivity\) - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 85619000 - Grade: 0.55 - Grade Unit: g/t - Contained Metal: 1526000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Indicated resource shows positive sensitivity to a higher gold price, increasing contained ounces. - Positive factor: Shows increased contained ounces at a higher gold price, indicating sensitivity to market conditions. Evidence · table > 0.55 Context: 85,619,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-11) Enchi Gold Project · gold #### 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:5a0d8346d32e7ecd5733 - Deposit or zone: Project Total \(Gold Price Sensitivity\) - Mining method: open\_pit #### 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 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The base case Indicated resource at US$3,200 gold price is a key positive for the project's economic viability. - Positive factor: This is the base case Indicated resource, forming the foundation for the PFS. Evidence · table > 0.56 Context: 83,615,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-12) Enchi Gold Project · gold #### 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:a275e32ef696d1533cd4 - Deposit or zone: Project Total \(Gold Price Sensitivity\) - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 80633000 - Grade: 0.57 - Grade Unit: g/t - Contained Metal: 1483000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Indicated resource remains substantial even at a lower gold price, indicating resilience. - Positive factor: Demonstrates robust contained ounces even at a lower gold price. Evidence · table > 0.57 Context: 80,633,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-13) Enchi Gold Project · gold #### 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:39d6fbadbeb9da591ef7 - Deposit or zone: Project Total \(Gold Price Sensitivity\) - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 42148000 - Grade: 0.48 - Grade Unit: g/t - Contained Metal: 648000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Inferred resource also shows an increase in contained ounces at a higher gold price, indicating potential upside. - Positive factor: Inferred resource shows positive sensitivity to a higher gold price. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.48 Context: 42,148,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-14) Enchi Gold Project · gold #### 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:ab7e2e5961467c258005 - Deposit or zone: Project Total \(Gold Price Sensitivity\) - Mining method: open\_pit #### 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 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The base case Inferred resource at US$3,200 gold price provides significant potential for future conversion. - Positive factor: This is the base case Inferred resource, contributing to the project's overall potential. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.49 Context: 40,111,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-15) Enchi Gold Project · gold #### 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:e033e84ddb1f158a91f4 - Deposit or zone: Project Total \(Gold Price Sensitivity\) - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 37496000 - Grade: 0.5 - Grade Unit: g/t - Contained Metal: 603000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Inferred resource shows resilience to a lower gold price, maintaining significant contained ounces. - Positive factor: Inferred resource remains robust even at a lower gold price. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.50 Context: 37,496,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-16) Enchi Gold Project · gold #### 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:4652e956402c6023a29d - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: indicated - Tonnes: 19924000 - Grade: 0.45 - Grade Unit: g/t - Contained Metal: 286000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The oxide portion of the Indicated resource is substantial, offering potential for lower-cost processing, though with a lower grade. - Positive factor: Significant Indicated resource in the oxide material, which is typically easier to process. - Negative factor: Grade of 0.45 g/t Au is at the lower end of the weak category for open-pit gold. Evidence · table > 0.45 Context: 19,924,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-17) Enchi Gold Project · gold #### 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:5d1b7a6dc312e214b1d9 - Mining method: open\_pit - Material type: transitional #### Resource Data - Category: indicated - Tonnes: 26264000 - Grade: 0.49 - Grade Unit: g/t - Contained Metal: 415000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The transition material contributes significantly to the Indicated resource, with a grade within the weak open-pit category. - Positive factor: Substantial Indicated resource in the transition material. - Negative factor: Grade of 0.49 g/t Au is within the weak category for open-pit gold. Evidence · table > 0.49 Context: 26,264,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-18) Enchi Gold Project · gold #### 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:11e4b028e9876401134e - Mining method: open\_pit - Material type: fresh #### Resource Data - Category: indicated - Tonnes: 37427000 - Grade: 0.67 - Grade Unit: g/t - Contained Metal: 801000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The fresh material holds the largest portion of Indicated contained gold, with a moderate grade, indicating deeper potential. - Positive factor: Largest Indicated resource by contained ounces in the fresh material, with a higher grade. - Positive factor: Grade of 0.67 g/t Au is moderate for an open-pit gold deposit. Evidence · table > 0.67 Context: 37,427,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-19) Enchi Gold Project · gold #### 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:245078ccf2df3221769f - Deposit or zone: Project Total - Mining method: open\_pit #### 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 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The total Indicated resource is a major positive, providing a robust base for economic studies and future development. - Positive factor: Total Indicated resource of 1.5 million ounces represents a significant increase and strong foundation for PFS. - Positive factor: Grade of 0.56 g/t Au is within the weak category for open-pit gold, but for a large tonnage. Evidence · table > 0.56 Context: 83,615,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-20) Enchi Gold Project · gold #### 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:eaf4f4ff50703129b41a - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: inferred - Tonnes: 9139000 - Grade: 0.45 - Grade Unit: g/t - Contained Metal: 132000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The oxide portion of the Inferred resource contributes to the overall potential, but with lower confidence and grade. - Positive factor: Adds to the overall Inferred resource in the oxide material. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Grade of 0.45 g/t Au is at the lower end of the weak category for open-pit gold. Evidence · table > 0.45 Context: 9,139,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-21) Enchi Gold Project · gold #### 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:cd3191d0d3b9c43bbd27 - Mining method: open\_pit - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 12829000 - Grade: 0.38 - Grade Unit: g/t - Contained Metal: 156000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The transition portion of the Inferred resource contributes to the overall potential, but with lower confidence and a grade below the weak threshold. - Positive factor: Adds to the overall Inferred resource in the transition material. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Grade of 0.38 g/t Au is below the weak category for open-pit gold. Evidence · table > 0.38 Context: 12,829,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-22) Enchi Gold Project · gold #### 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:a2dcb058fcf626ed8690 - Mining method: open\_pit - Material type: fresh #### Resource Data - Category: inferred - Tonnes: 18144000 - Grade: 0.58 - Grade Unit: g/t - Contained Metal: 338000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The fresh portion of the Inferred resource contributes significantly to the overall potential, with a grade within the weak open-pit category. - Positive factor: Adds significant contained ounces to the overall Inferred resource in the fresh material. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Grade of 0.58 g/t Au is within the weak category for open-pit gold. Evidence · table > 0.58 Context: 18,144,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-23) Enchi Gold Project · gold #### 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:4601b277e5c3937854bf - Deposit or zone: Project Total - Mining method: open\_pit #### 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 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The substantial Inferred resource provides significant upside potential, though with lower confidence and a grade within the weak open-pit category. - Positive factor: Adds significant ounces to the overall resource potential, indicating future growth opportunities. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Grade of 0.49 g/t Au is within the weak category for open-pit gold. Evidence · table > 0.49 Context: 40,111,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-24) Enchi Gold Project · gold #### 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:31d65bd71811b592bd28 - Deposit or zone: Sewum - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: indicated - Tonnes: 15301000 - Grade: 0.38 - Grade Unit: g/t - Contained Metal: 187000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Sewum zone contributes a large oxide Indicated resource, but with a grade below the weak open-pit threshold. - Positive factor: Significant Indicated resource in the oxide material for the Sewum zone. - Negative factor: Grade of 0.38 g/t Au is below the weak category for open-pit gold. Evidence · table > 0.38 Context: 15,301,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-25) Enchi Gold Project · gold #### 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:74dc6e9efd7cd8f91f82 - Deposit or zone: Boin - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: indicated - Tonnes: 2725000 - Grade: 0.74 - Grade Unit: g/t - Contained Metal: 65000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Boin zone provides a moderate-grade oxide Indicated resource, contributing to the project's overall confidence. - Positive factor: Good Indicated resource in the oxide material for the Boin zone. - Positive factor: Grade of 0.74 g/t Au is moderate for an open-pit gold deposit. Evidence · table > 0.74 Context: 2,725,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-26) Enchi Gold Project · gold #### 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:45d3d138a28927bc8138 - Deposit or zone: Nyam - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: indicated - Tonnes: 1181000 - Grade: 0.65 - Grade Unit: g/t - Contained Metal: 25000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Nyam zone contributes a moderate-grade oxide Indicated resource, adding to the project's overall potential. - Positive factor: Indicated resource in the oxide material for the Nyam zone with a moderate grade. Evidence · table > 0.65 Context: 1,181,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-27) Enchi Gold Project · gold #### 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:92ce09f37ade1a393f9f - Deposit or zone: Kwakyekrom - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: indicated - Tonnes: 717000 - Grade: 0.4 - Grade Unit: g/t - Contained Metal: 9000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Kwakyekrom zone contributes a small oxide Indicated resource, with a grade at the lower end of the weak open-pit threshold. - Positive factor: Adds to the Indicated resource in the oxide material for the Kwakyekrom zone. - Negative factor: Grade of 0.40 g/t Au is at the lower end of the weak category for open-pit gold. Evidence · table > 0.40 Context: 717,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-28) Enchi Gold Project · gold #### 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:36aadcf398a88bf69780 - Deposit or zone: Sewum - Mining method: open\_pit - Material type: transitional #### Resource Data - Category: indicated - Tonnes: 14295000 - Grade: 0.4 - Grade Unit: g/t - Contained Metal: 184000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Sewum zone contributes a large transition Indicated resource, but with a grade at the lower end of the weak open-pit threshold. - Positive factor: Significant Indicated resource in the transition material for the Sewum zone. - Negative factor: Grade of 0.40 g/t Au is at the lower end of the weak category for open-pit gold. Evidence · table > 0.40 Context: 14,295,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-29) Enchi Gold Project · gold #### 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:33e1182a20dd65eb4099 - Deposit or zone: Boin - Mining method: open\_pit - Material type: transitional #### Resource Data - Category: indicated - Tonnes: 6688000 - Grade: 0.66 - Grade Unit: g/t - Contained Metal: 142000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Boin zone provides a moderate-grade transition Indicated resource, contributing to the project's overall confidence. - Positive factor: Good Indicated resource in the transition material for the Boin zone. - Positive factor: Grade of 0.66 g/t Au is moderate for an open-pit gold deposit. Evidence · table > 0.66 Context: 6,688,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-30) Enchi Gold Project · gold #### 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:cddf383fba799b974ce1 - Deposit or zone: Nyam - Mining method: open\_pit - Material type: transitional #### Resource Data - Category: indicated - Tonnes: 3425000 - Grade: 0.59 - Grade Unit: g/t - Contained Metal: 65000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Nyam zone contributes a moderate-grade transition Indicated resource, adding to the project's overall potential. - Positive factor: Indicated resource in the transition material for the Nyam zone with a moderate grade. Evidence · table > 0.59 Context: 3,425,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-31) Enchi Gold Project · gold #### 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:acc82747098cf3d49a34 - Deposit or zone: Kwakyekrom - Mining method: open\_pit - Material type: transitional #### Resource Data - Category: indicated - Tonnes: 1856000 - Grade: 0.42 - Grade Unit: g/t - Contained Metal: 25000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Kwakyekrom zone contributes a small transition Indicated resource, with a grade at the lower end of the weak open-pit threshold. - Positive factor: Adds to the Indicated resource in the transition material for the Kwakyekrom zone. - Negative factor: Grade of 0.42 g/t Au is at the lower end of the weak category for open-pit gold. Evidence · table > 0.42 Context: 1,856,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-32) Enchi Gold Project · gold #### 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:b5ec073d10c6ccd8dc24 - Deposit or zone: Sewum - Mining method: open\_pit - Material type: fresh #### Resource Data - Category: indicated - Tonnes: 11637000 - Grade: 0.54 - Grade Unit: g/t - Contained Metal: 202000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Sewum zone contributes a large fresh Indicated resource, with a grade within the weak open-pit category. - Positive factor: Significant Indicated resource in the fresh material for the Sewum zone. - Negative factor: Grade of 0.54 g/t Au is within the weak category for open-pit gold. Evidence · table > 0.54 Context: 11,637,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-33) Enchi Gold Project · gold #### 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:9b91565554d544c92ac5 - Deposit or zone: Boin - Mining method: open\_pit - Material type: fresh #### Resource Data - Category: indicated - Tonnes: 14064000 - Grade: 0.76 - Grade Unit: g/t - Contained Metal: 344000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Boin zone provides a moderate-grade fresh Indicated resource, contributing to the project's overall confidence. - Positive factor: Good Indicated resource in the fresh material for the Boin zone. - Positive factor: Grade of 0.76 g/t Au is moderate for an open-pit gold deposit. Evidence · table > 0.76 Context: 14,064,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-34) Enchi Gold Project · gold #### 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:4d3eb461481fb55db39b - Deposit or zone: Nyam - Mining method: open\_pit - Material type: fresh #### Resource Data - Category: indicated - Tonnes: 8852000 - Grade: 0.7 - Grade Unit: g/t - Contained Metal: 198000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Nyam zone contributes a moderate-grade fresh Indicated resource, adding to the project's overall potential. - Positive factor: Indicated resource in the fresh material for the Nyam zone with a moderate grade. Evidence · table > 0.70 Context: 8,852,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-35) Enchi Gold Project · gold #### 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:d6571cd72b67d508f9bd - Deposit or zone: Kwakyekrom - Mining method: open\_pit - Material type: fresh #### Resource Data - Category: indicated - Tonnes: 2874000 - Grade: 0.62 - Grade Unit: g/t - Contained Metal: 57000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Kwakyekrom zone contributes a moderate-grade fresh Indicated resource, adding to the project's overall potential. - Positive factor: Adds to the Indicated resource in the fresh material for the Kwakyekrom zone with a moderate grade. Evidence · table > 0.62 Context: 2,874,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-36) Enchi Gold Project · gold #### 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:fed337e20e3b8db9d880 - Deposit or zone: Sewum - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: inferred - Tonnes: 7295000 - Grade: 0.45 - Grade Unit: g/t - Contained Metal: 106000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Sewum zone contributes a large oxide Inferred resource, but with lower confidence and a grade at the lower end of the weak open-pit threshold. - Positive factor: Adds to the Inferred resource in the oxide material for the Sewum zone. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Grade of 0.45 g/t Au is at the lower end of the weak category for open-pit gold. Evidence · table > 0.45 Context: 7,295,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-37) Enchi Gold Project · gold #### 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:2d94af7fb7d8c1c8f397 - Deposit or zone: Boin - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: inferred - Tonnes: 998000 - Grade: 0.51 - Grade Unit: g/t - Contained Metal: 16000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Boin zone contributes a small oxide Inferred resource, with lower confidence and a grade within the weak open-pit category. - Positive factor: Adds to the Inferred resource in the oxide material for the Boin zone. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Grade of 0.51 g/t Au is within the weak category for open-pit gold. Evidence · table > 0.51 Context: 998,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-38) Enchi Gold Project · gold #### 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:5c81454eeacfe381702f - Deposit or zone: Nyam - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: inferred - Tonnes: 592000 - Grade: 0.41 - Grade Unit: g/t - Contained Metal: 8000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Nyam zone contributes a small oxide Inferred resource, with lower confidence and a grade at the lower end of the weak open-pit threshold. - Positive factor: Adds to the Inferred resource in the oxide material for the Nyam zone. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Grade of 0.41 g/t Au is at the lower end of the weak category for open-pit gold. Evidence · table > 0.41 Context: 592,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-39) Enchi Gold Project · gold #### 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:a5f50f51b82a1c7e7185 - Deposit or zone: Kwakyekrom - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: inferred - Tonnes: 253000 - Grade: 0.26 - Grade Unit: g/t - Contained Metal: 2000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Kwakyekrom zone contributes a very small oxide Inferred resource, with lower confidence and a grade below the weak open-pit threshold. - Positive factor: Adds to the Inferred resource in the oxide material for the Kwakyekrom zone. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Grade of 0.26 g/t Au is below the weak category for open-pit gold. Evidence · table > 0.26 Context: 253,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-40) Enchi Gold Project · gold #### 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:b9845b6f778029f66bce - Deposit or zone: Sewum - Mining method: open\_pit - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 8326000 - Grade: 0.3 - Grade Unit: g/t - Contained Metal: 80000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Sewum zone contributes a large transition Inferred resource, but with lower confidence and a grade below the weak open-pit threshold. - Positive factor: Adds to the Inferred resource in the transition material for the Sewum zone. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Grade of 0.30 g/t Au is below the weak category for open-pit gold. Evidence · table > 0.30 Context: 8,326,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-41) Enchi Gold Project · gold #### 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:b8092d0492625682d398 - Deposit or zone: Boin - Mining method: open\_pit - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 3652000 - Grade: 0.55 - Grade Unit: g/t - Contained Metal: 65000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Boin zone contributes a moderate transition Inferred resource, with lower confidence and a grade within the weak open-pit category. - Positive factor: Adds to the Inferred resource in the transition material for the Boin zone. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Grade of 0.55 g/t Au is within the weak category for open-pit gold. Evidence · table > 0.55 Context: 3,652,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-42) Enchi Gold Project · gold #### 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:dda3a37cfe773bee2aa2 - Deposit or zone: Nyam - Mining method: open\_pit - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 499000 - Grade: 0.49 - Grade Unit: g/t - Contained Metal: 8000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Nyam zone contributes a small transition Inferred resource, with lower confidence and a grade within the weak open-pit category. - Positive factor: Adds to the Inferred resource in the transition material for the Nyam zone. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Grade of 0.49 g/t Au is within the weak category for open-pit gold. Evidence · table > 0.49 Context: 499,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-43) Enchi Gold Project · gold #### 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:5538f186a25c4cc259bb - Deposit or zone: Kwakyekrom - Mining method: open\_pit - Material type: transitional #### Resource Data - Category: inferred - Tonnes: 352000 - Grade: 0.3 - Grade Unit: g/t - Contained Metal: 3000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Kwakyekrom zone contributes a very small transition Inferred resource, with lower confidence and a grade below the weak open-pit threshold. - Positive factor: Adds to the Inferred resource in the transition material for the Kwakyekrom zone. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Grade of 0.30 g/t Au is below the weak category for open-pit gold. Evidence · table > 0.30 Context: 352,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-44) Enchi Gold Project · gold #### 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:5a262ada2949243fd14a - Deposit or zone: Sewum - Mining method: open\_pit - Material type: fresh #### Resource Data - Category: inferred - Tonnes: 8625000 - Grade: 0.44 - Grade Unit: g/t - Contained Metal: 122000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Sewum zone contributes a large fresh Inferred resource, but with lower confidence and a grade at the lower end of the weak open-pit threshold. - Positive factor: Adds to the Inferred resource in the fresh material for the Sewum zone. - Negative factor: Inferred category has lower geological confidence. - Negative factor: Grade of 0.44 g/t Au is at the lower end of the weak category for open-pit gold. Evidence · table > 0.44 Context: 8,625,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-45) Enchi Gold Project · gold #### 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:714ba0668ed74c699eaf - Deposit or zone: Boin - Mining method: open\_pit - Material type: fresh #### Resource Data - Category: inferred - Tonnes: 4587000 - Grade: 0.66 - Grade Unit: g/t - Contained Metal: 97000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Boin zone contributes a moderate-grade fresh Inferred resource, with lower confidence but adding to the project's potential. - Positive factor: Adds to the Inferred resource in the fresh material for the Boin zone with a moderate grade. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.66 Context: 4,587,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-46) Enchi Gold Project · gold #### 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:20aacee6139188335f82 - Deposit or zone: Nyam - Mining method: open\_pit - Material type: fresh #### Resource Data - Category: inferred - Tonnes: 4380000 - Grade: 0.75 - Grade Unit: g/t - Contained Metal: 105000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Nyam zone contributes a moderate-grade fresh Inferred resource, with lower confidence but adding to the project's potential. - Positive factor: Adds to the Inferred resource in the fresh material for the Nyam zone with a moderate grade. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.75 Context: 4,380,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/newcore-gold-announces-updated-mineral-resource-estimate-for-the-enchi-gold-proj--6a171477-02c6-41ae-96cd-c0def9d313b8#fact-resource-facts-47) Enchi Gold Project · gold #### 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:4954b513fd5cd5c65814 - Deposit or zone: Kwakyekrom - Mining method: open\_pit - Material type: fresh #### Resource Data - Category: inferred - Tonnes: 551000 - Grade: 0.78 - Grade Unit: g/t - Contained Metal: 14000 - Contained Unit: oz - Cutoff Grade: 0.1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-10-06 #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-18T00:00:00.000Z Reasoning: The Kwakyekrom zone contributes a small fresh Inferred resource, with lower confidence but adding to the project's potential. - Positive factor: Adds to the Inferred resource in the fresh material for the Kwakyekrom zone with a moderate grade. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.78 Context: 551,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ## 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.