Metals & Minerals News

Cora identifies gold-bearing structures at Sanankoro

Cora Gold Ltd has identified four primary and four secondary gold bearing structures of around a total 50km of “highly prospective terrain” following sampling at Sanankoro in southern Mali. TARGETS The company said it had outlined 20 new and existing greenfield exploration targets within the structures, which will be ranked in order of priority for […]

Equipment & Logistics Metals & Minerals News

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 […]

Company Moves Metals & Minerals News

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 […]

Finance Metals & Minerals News

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 […]

Finance Metals & Minerals News

Cora Gold closes fundraise at $19.8m

Cora Gold Ltd has now closed its fundraise for gross proceeds of $19.803 million for its Sanankoro gold project in southern Mali. Since receiving $15,855,000 in February, the company has raised $3,928,169.26, before expenses, through the proposed issue of 80,660,559 new ordinary shares to certain existing shareholders and new investors. On admission, Cora’s share capital […]