REG - Cora Gold Limited - Update on the DFS for the Sanankoro Gold Project

Cora GoldAnnouncement

27/09/2022 07:01

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RNS Number : 6885A  Cora Gold Limited  27 September 2022

 

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

 

27 September 2022

 

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

Update on the Definitive Feasibility Study for the Sanankoro Gold Project

 

Cora Gold Limited, the West African focused gold company, provides an update
on the Definitive Feasibility Study ('DFS') for the Sanankoro Gold Project
('Sanankoro' or the 'Project') in southern Mali.

 

The Company has previously stated the DFS for Sanankoro is expected to be
completed in the third quarter of 2022. Whilst a number of the DFS work
streams are substantially completed, the Company is continuing to optimise
various aspects of the study. As such the Company will provide an update to
the market on the DFS during the fourth quarter of 2022.

 

Bert Monro, Chief Executive Officer of Cora, commented, "Work is continuing at
pace on the DFS for Sanankoro. To date the optimisation exercise has been
successful and our work over the past few weeks has indicated that further
adjustments can be made to further enhance the Project's economics, and we are
keen to ensure that the optimal route to production is delivered to the
market. We look forward to providing further updates on the DFS during Q4
2022."

 

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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