Cora Gold Ltd said it would need more time to produce the definitive feasibility study (DFS) for the Sanankoro gold project in southern Mali.
OPTIMISATION
The company had aimed to complete the DFS in Q3 2022 but now expects to report on progress during Q4 2022 as it “optimises various aspects of the study”.
Chief executive Bert Monro added that work on the DFS continued at pace.
“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.”