Newcore Gold Ltd.

Newcore Gold Ltd. is a junior gold development company headquartered in Vancouver, Canada, operating primarily in Africa. The company's portfolio consists of 1 development project. Key assets include Enchi. The company's business model is centered on advancing a wholly-owned development asset, characterized by a low capital intensity approach. The operational plan contemplates an open-pit, heap leach operation utilizing contract mining, designed to minimize initial capital expenditures. A core component of the business approach involves extensive de-risking through comprehensive metallurgical testwork, which has included bottle rolls, column tests, and bulk-scale pilot heap tests to confirm the material's amenability to heap leach processing. This focus on technical validation supports a straightforward processing path. The enterprise's competitive position is enhanced by its control over a district-scale land package that remains significantly underexplored, offering substantial organic growth potential beyond the currently defined resource areas. The development strategy leverages a technically simple operational design to potentially achieve a low-cost structure and a robust production profile, as outlined in preliminary economic assessments.

Strategic priorities are focused on systematically advancing a key development asset towards a Pre-Feasibility Study. The near-term strategy involves a large-scale, multi-phase drill program. The first phase is designed for resource conversion, with infill drilling intended to improve the confidence level of the existing mineral resource estimate. Following this, a second phase will target discovery and resource growth by testing earlier-stage exploration targets and defining expansion potential at depth. This multi-pronged exploration approach includes growing defined deposits along strike, testing previously drilled zones outside of the main resource, and identifying new discoveries. The overall objective is to prove out the potential of a district-scale project through methodical exploration and development. This work is complemented by ongoing de-risking activities, including additional metallurgical testwork, trenching, hydrogeological testing, geotechnical work, and environmental studies to support future engineering and permitting.

The leadership team was recently strengthened by the appointment of a Strategic Advisor who brings over 35 years of senior management and operational experience in the mining sector, with specific expertise in engineering and major project development. Management demonstrates a commitment to technical best practices for all exploration activities, utilizing independent drilling firms and implementing rigorous quality assurance and quality control procedures, including the systematic insertion of blanks, standards, and duplicates into the sample stream. Technical oversight is provided by a designated Qualified Person who reviews and approves all technical data disclosures after conducting appropriate verification of the underlying information. The corporate governance framework complies with the requirements for a Venture Issuer, which includes filing basic certifications for financial reporting.

The organization has proactively advanced its environmental and social diligence by completing an updated Environmental and Social Baseline Study for its principal development project. This comprehensive study concluded that there are no existing issues related to water, soil, noise, or air quality that would impede the proposed development. Social engagement initiatives have cultivated favorable relationships with local communities and stakeholders. The project benefits from being situated in an area with a long history of mineral exploration, development, and mining, which contributes to positive local sentiment and a stable operating environment. These efforts demonstrate a commitment to responsible development and establishing a strong social license to operate in advance of major construction or operational activities.

The company was incorporated pursuant to the provisions of the Business Corporations Act (British Columbia) on January 18, 2010. Its corporate structure is centered on the 100% ownership of its principal development asset, which provides full control over its advancement and potential development. In 2024, the company expanded its asset base through the acquisition of an additional prospecting license, increasing the size of its total land package. This transaction reflects a strategy of consolidating control over a district-scale opportunity. The organization relies on equity financing to fund its activities, having closed a private placement offering in early 2025 to secure capital for its expanded exploration and development programs. The company has no off-balance sheet arrangements.