Cora Gold Ltd has appointed a project manager, mining consultant and head of geology to broaden the company’s in-house capabilities. LOURENS STEENEKAMP Lourens Steenekamp, with a career spanning over three decades, began his career with Gold Fields. He then held engineering roles in Ghana and Tanzania where he progressed to construction projects. More recently, Mr […]
Tag: Cora Gold Ltd
Cora Gold appoints advisor for $70m loan
Cora Gold Ltd has appointed Atlantique Finance as sole adviser on a medium-term US$70 million loan in CFA* franc (XOF) to help construction at the Sanankoro gold project in southern Mali. DEBT MANDATE Atlantique Finance is the investment banking and advisory arm of Groupe Banque Atlantique and a member of the Banque Centrale Populaire Group […]
Cora raises $20m of new $30m mandate-term sheet
Cora Gold Ltd aims to raise at least US$19.566 million comprised of equity and convertible loan notes to start developing its flagship Sanankoro gold project in southern Mali. TERM SHEET The funds are part of a mandate and term sheet for £30m with investor Lionhead Capital Advisors Proprietary Ltd, replacing one for $25m in September […]
Cora completes DFS and optimised economics
Cora Gold Ltd has completed the definitive feasibility study (DFS) alongside its inaugural reserves and optimised project economics for its flagship Sanankoro gold project in southern Mali. RESERVES The inaugural probable reserves are 422koz @ 1.3 g/t Au with 6.8 years reserve mine life and average annual production of 56,000 oz. A total of 121koz […]
Cora exploration target estimate adds 1.3Moz gold
Cora Gold Ltd reported an exploration target estimate of 26.0 Mt to 35.2 Mt indicating a possible increase in resource at its flagship Sanankoro project in southern Mali. ESTIMATE Chief executive Bert Monro said that the exploration target showed the potential for an additional 1.37 Moz of gold above the company’s existing 920 koz mineral […]
Cora finds pre-drilling gold structures at Yanfolila
Cora Gold Ltd said results from regional exploration had discovered more than 12km of pre-drilling gold structures across across its five permits in the Yanfolila project area in southern Mali. GOLD STRUCTURES The permits lie predominantly within 20km of Hummingbird Resources plc’s Yanfolila gold mine. Cora’s regional exploration discovered the structures across the Farassaba III, […]