Cora Gold (LSE:CORA) has continued to advance its Sanankoro project, with a 2024 mineral resource estimate confirming resources exceeding 1 million ounces of gold and a 2025 definitive feasibility study delivering a 26% rise in reserves alongside favourable project economics and significant cash-flow potential. During the year, the company also reported positive exploration results in Senegal, implemented board-level changes and completed equity fundraisings aimed at progressing Sanankoro towards construction.
Strategic investment supports Sanankoro development plans
Following the year-end, Cora secured a £15.7 million equity investment led by Singapore-based Eagle Eye, which has now become the company’s largest shareholder and a strategic partner for its operations in Mali. In addition, the group entered into a conditional US$120 million gold streaming agreement with Eagle Eye, providing a potential funding route for the development of Sanankoro. At the same time, Cora continues to move forward with permitting activities and preparations for its 2026 AGM, encouraging shareholders to vote by proxy while also offering online access to proceedings.
More about Cora Gold
Cora Gold Limited is an AIM-listed gold exploration and development company focused on West Africa. Its primary asset is the Sanankoro Gold Project in Mali, supported by additional exploration interests such as Madina Foulbé in Senegal. The company concentrates on oxide gold deposits and aims to advance near-term development opportunities across the region.
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