Cora Gold Limited (LSE:CORA) has reported a material upgrade to reserves and a definitive feasibility study for its Sanankoro Gold Project in Mali. Probable reserves have risen 26% to 531,000 ounces of gold, while the updated study outlines robust economics, including a projected 65% internal rate of return, a payback period of just 1.1 years, and a mine life of 10.2 years. The project also benefits from strong exploration upside, with additional drilling expected to convert inferred resources into reserves and potentially extend mine life.
The feasibility study incorporates a solar-hybrid power solution aimed at lowering operating costs and cutting emissions, further strengthening the project’s financial and environmental profile.
About Cora Gold Limited
Cora Gold is a West Africa–focused gold exploration and development company. Its flagship Sanankoro Project, located in southern Mali, is positioned to become a high-margin open-pit oxide gold mine with significant long-term growth potential.
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