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 […]
Tag: Sanankoro – southern Mali
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 […]
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 […]
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 granted Sanankoro environmental permit
Cora Gold Ltd has been awarded an environmental permit for its flagship Sanankoro gold project in southern Mali. YANFOLILA The grant follows the completion and submission in July 2022 of the environmental and social impact assessment (ESIA) for the project. Located in the Yanfolila gold belt, Sanankoro comprises five contiguous permits of Bokoro II, Bokoro Est, […]