Key Highlights

• On 24 June 2026, Newcore announced the results of a pre-feasibility study for the Enchi Gold Project, and on 7 August 2026 it filed the supporting technical report.
• Using a base-case gold price of about US$3,800 per ounce, the study outlined an after-tax net present value at a 5% discount rate of about US$496 million and an after-tax internal rate of return of about 37%, with an initial Capital cost of about US$351 million and an after-tax payback of roughly 1.6 years.
• For a development-stage gold company, the pre-feasibility study is the key reference point, and Enchi’s Economics are attractive on their face: an after-tax net present value of about US$496 million…