Newcore Gold Commissions Pre-Feasibility Study for its Enchi Gold Project, Ghana
Original announcement by tmx on
- Company
- Newcore Gold Ltd.
- Ticker
- NCAU
- Exchange
- TSX
- Region
- Ghana
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Metallurgy, Other
- Extracted
- 2026-09-12 15:05:46 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Newcore Gold has commissioned a Pre-Feasibility Study (PFS) for its Enchi Gold Project in Ghana, targeting completion in H1 2026. The study will adopt a standard milling and CIL processing flowsheet following metallurgical testwork that demonstrated significantly higher gold recoveries (89.4% to 97.7%) compared to previous heap leach assumptions.
Reasoning: The commissioning of a PFS is a major de-risking milestone, specifically driven by metallurgical optimization that favors a higher-recovery CIL flowsheet over previous heap leach assumptions.
Positive factors
- Significant recovery improvement from heap leach to CIL (up to 97.7%)
- Decision to move to milling/CIL increases project economics
- Metallurgical testwork completed at accredited labs
- No deleterious elements identified
Negative factors
- Transition and fresh ore require more complex milling vs heap leach
Facts used in scoring: 2
Classification and evidence
QA/QC Disclosedpositive · Story-specific tag
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release mentions that metallurgical results were confirmed to be representative and conducted at independent accredited facilities with no QA/QC issues.
Evidence · text
“The program included tests at various independent accredited facilities, with no QA/QC issues encountered.”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The company has determined that the optimal processing methodology is a standard milling and CIL flowsheet.
Evidence · text
“the optimal processing flowsheet for the Project is standard milling and CIL”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: the document describes a heap_leach route ("heap leach")
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Metallurgical Results (2)
CIL testsEnchi Gold Project · goldRecovery: 97.7 %View all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Test Work
- Program Status
- detailed
- Test Type
- CIL tests
- Processing Route
- standard milling and carbon-in-leach (CIL)
- Sample
- oxide, transition and fresh material from Sewum, Boin, and Nyam deposits
Recovery
- Recovery
- 97.7 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- Intertek Labs and Base Metallurgical Laboratories Ltd.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-05T00:00:00.000Z
Reasoning: 97.7% recovery is at the top end of the exceptional band for CIL gold processing.
Positive factors
- High recovery achieved via CIL
Evidence · text
“CIL testwork completed to date has returned recoveries of 89.4% to 97.7%”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 97.7% is at or above the exceptional band (95%)
CIL testsEnchi Gold Project · goldRecovery: 89.4 %View all detailsHide details
Identity
- Project
- Enchi Gold Project
- Commodity
- gold
- Region
- ghana
- Reported Region
- Ghana
- Ticker
- NCAU
Test Work
- Program Status
- detailed
- Test Type
- CIL tests
- Processing Route
- standard milling and carbon-in-leach (CIL)
- Sample
- oxide, transition and fresh material from Sewum, Boin, and Nyam deposits
Recovery
- Recovery
- 89.4 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- Intertek Labs and Base Metallurgical Laboratories Ltd.
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-05T00:00:00.000Z
Reasoning: 89.4% recovery is a strong result for CIL, though lower than the upper bound reported.
Positive factors
- Significant improvement over previous heap leach assumptions
Evidence · text
“CIL testwork completed to date has returned recoveries of 89.4% to 97.7%”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
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.