REG - Cora Gold Limited - Exercise of Share Options

Cora GoldAnnouncement

Mon 07:00

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RNS Number : 0127B  Cora Gold Limited  20 April 2026

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

20 April 2026

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

Exercise of Share Options

 

Cora Gold Limited, the West African focused gold company, announces that on 17
April 2026 a share option holder exercised their right to subscribe for a
total of 1,000,000 ordinary shares of no par value each in the Company
('Ordinary Shares') at a price of 4 pence (British pound sterling) per
Ordinary Share expiring on 13 March 2028 raising a total of £40,000.

 

Admission and Total Voting Rights

 

Admission to trading on AIM of the 1,000,000 Ordinary Shares issued pursuant
to the exercise of share options will occur on or around 8:00 a.m. on 23 April
2026 ('Admission').

 

Following Admission, the Enlarged Issued Share Capital of the Company will be
comprised of 765,054,700 Ordinary Shares. The above figure of 765,054,700 may
be used by shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in Cora under the
Financial Conduct Authority's Disclosure and Transparency Rules.

 

**ENDS**

 

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

 Bert Monro       Cora Gold Limited                  info@coragold.com

 Craig Banfield
 Derrick Lee      Cavendish Capital Markets Limited  +44 (0) 20 7220 0500

 Pearl Kellie     (Nomad & Broker)
 Matt Hasson      H&P Advisory Limited               +44 (0)20 7907 8500

 Franck Nganou    (Broker)
 Susie Geliher    St Brides Partners                 cora@stbridespartners.co.uk

 Charlotte Page   (Financial PR)

 

Notes

 

Cora is a West African gold developer with de-risked project areas within two
known gold belts in Mali and Senegal. Led by a team with a proven track-record
in making multi-million-ounce gold discoveries that have been developed into
operating mines, Cora's primary focus is on developing the Sanankoro Gold
Project in the Yanfolila Gold Belt in south Mali into an open pit oxide mine.

 

Cora has a Probable Reserve of 531 koz at 1.13 g/t Au (US$2,200/oz Au pit
shell design). The 2025 Definitive Feasibility Study showed that the Project
has strong economic fundamentals, including 65% IRR post tax, US$221 million
NPV(8) post tax, US$479 million Free Cash Flow over life of mine and all-in
sustaining costs of US$1,478/oz based on a gold price of US$2,750/oz.

 

The Company is advancing the permitting process with the Government of Mali
such that having secured binding finance agreement to fully fund the mine
development then transition into construction can happen as quickly as
possible. In parallel, the Company continues to pursue value-enhancing
opportunities across its portfolio and has identified largescale gold
mineralisation potential at the Madina Foulbé exploration permit, located
within the Mako Gold Belt of the Kédougou-Kéniéba Inlier in eastern
Senegal.

 

 

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