Cora Gold Ltd is due to begin exploration drilling next week at its 260km2 Madina Foulbé gold permit within the Kenieba project area in east Senegal. TAMBOR Awarded in 2018, the permit is 27km west of the Sadiola gold mine and close to tier 1 deposits of Loulo, Gounkoto and Fekola, within the Kédougou-Kéniéba Inlier […]
Tag: Cora Gold Ltd
Cora starts tendering process for Sanankoro mine
Cora Gold Ltd has begun the tendering process for the front-end engineering and design and construction of the Sanankoro gold mine in southern Mali. BOUNDARIES The company is awaiting the end of Mali government’s November 2022 permit moratorium before formally starting the contract mining process. The application for the Sanankoro mining permit, which includes hybrid […]
Cora Gold strengthens in-house team
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 […]
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 to raise $20m of new 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 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 2021. […]
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 […]