From Cora Gold Ltd
Cora is a gold company focused on two world class gold regions in Mali and Senegal in West Africa, being the Yanfolila Gold Belt (south Mali) and the Kedougou-Kenieba Inlier gold belt (also known as the ‘Kenieba Window’) (west Mali / east Senegal).
Cora’s primary focus is on further developing Sanankoro in the Yanfolila Gold Belt (southern Mali), which Cora believes has the potential for a standalone mine development. In January 2020 Cora published its initial Scoping Study on the Sanankoro Gold Discovery which showed an 107% IRR and US$41.5m NPV (8% discount rate) at a gold price of US$1,500 / oz.
The strategy of the Company is to: conduct exploration on its portfolio of mineral properties; prove a resource compliant with an internationally recognised standard accepted in the AIM Rules for Companies; and establish preliminary economics on such resource for future development and eventual mining. Historical exploration has resulted in the highly prospective Sanankoro Gold Discovery, in addition to multiple, high potential, drill ready gold targets within its broader portfolio. Cora’s highly experienced and successful management team has a proven track record in making multi-million ounce gold discoveries which have been developed into operating mines.