REG - Cora Gold Limited - Award of Environmental Permit

Cora GoldAnnouncement

18/10/2022 07:00

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RNS Number : 1723D  Cora Gold Limited  18 October 2022

 

Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining

 

18 October 2022

 

Cora Gold Limited ('Cora' or 'the Company')

Award of Environmental Permit

 

Cora Gold Limited, the West African focused gold company, is pleased to advise
that the Company has been awarded an Environmental Permit for the Sanankoro
Gold Project ('Sanankoro' or the 'Project') in southern Mali.  The award of
the Environmental Permit is a key milestone for Cora as the Company moves
closer to project execution at Sanankoro.

 

The award of the Environment Permit follows the completion and submission of
the Environmental and Social Impact Assessment ('ESIA') to Direction Nationale
de l'Assainissement et du Contrôle des Pollutions et des Nuisances
('DNACPN'), the governing administration for environmental matters in Mali.

 

Bert Monro, Chief Executive Officer of Cora, commented, "We are delighted to
been awarded our Environmental Permit, following the completion and submission
of our ESIA in July 2022.  The award of this permit recognises the high
standards that we have set for the Company as we move forwards towards
construction, with all environmental work being completed in alignment with
the International Finance Corporation Performance Standards.

 

"I would like to take this opportunity to thank our technical team and
consultants for their exemplary work during the ESIA process, and also extend
my thanks to the Government of Mali and local communities for their continued
support of our Sanankoro Gold Project."

 

Market Abuse Regulation ('MAR') Disclosure

 

Certain information contained in this announcement would have been deemed
inside information for the purposes of Article 7 of the Market Abuse
Regulation (EU) No 596/2014 ('MAR'), which is part of UK law by virtue of the
European Union (Withdrawal) Act 2018, until the release of this announcement.

 

* * ENDS * *

 

For further information, please visit http://www.coragold.com
(http://www.coragold.com/) or contact:

 

 Bert Monro           Cora Gold Limited            info@coragold.com (mailto:info@coragold.com)

 Craig Banfield
 Christopher Raggett  finnCap Ltd                  +44 (0)20 7220 0500

 Charlie Beeson       (Nomad & Joint Broker)
 Andy Thacker         Turner Pope Investments      +44 (0)20 3657 0050

 James Pope           (Joint Broker)
 Susie Geliher        St Brides Partners           pr@coragold.com (mailto:pr@coragold.com)

 Charlotte Page       (Financial PR)

 

Notes

 

Cora is an emerging West African gold developer with three principal de-risked
project areas within two known gold belts in Mali and Senegal covering c.1,000
sq km. Led by a team with a proven track record in making multi-million-ounce
gold discoveries that have been developed into operating mines, its primary
focus is on developing the Sanankoro Gold Project in the Yanfolila Gold Belt,
southern Mali, where Cora aims to commence construction of an open pit oxide
focused gold mine. An updated mineral resource estimate on the Sanankoro Gold
Project was published in July 2022 which increased the Resources to 920,000 oz
Au. Further updates regarding the ongoing Definitive Feasibility Study for the
Sanankoro Gold Project will be provided during Q4 2022.

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