Newcore Gold has published an updated preliminary economic assessment (PEA) for the Enchi Gold Project in Ghana.The PEA shows an increased overall production profile, a larger NPV, and an attractive IRR. The project has a low initial capital expenditure of $106 million and operating costs below $1,000 per ounce of gold. The strip ratio and gold recoveries have room for improvement, which could further enhance the project's economics. The company plans to focus on investor outreach and evaluate the next steps towards a preliminary feasibility study (PFS).
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