Cora Gold has completed a substantial upgrade to its mineral resource estimate for the Sanankoro Gold Project, located in Southern Mali, which is likely to feed into the upcoming definitive feasibility study.
The new total JORC 2012 mineral resource estimate has increased the gold inventory by over 200% to 809,300 ounces of gold, at a grade of 1.15g/t Au. Importantly, not only is this resource estimate pit constrained, over 77% is located with the oxide zone and 22% in the transition zone (Figure 1), and recoveries have previously been shown to be above 95%, making the gold mineralisation open-pittable, free-digging with high-recoveries. All of these positive features bode well for the potential economics of the operation to be accessed in the upcoming definitive feasibility study.
We would draw your attention to the various disclaimers in the document both at the beginning and at the end of the note. Retail clients (as defined by the rules of the FCA) must not rely on the research document. In particular you should note that the research document is a non-independent marketing communication. The analyst who has prepared the research is aware that TPI provides research to Cora Gold Limited. Accordingly the research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibitions on dealing ahead of its dissemination.
The information in the document is published solely for information purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The material contained in the document is general information intended for recipients who understand the risks associated with equity investment in smaller companies. It does not constitute a personal recommendation as defined by the FCA or take into account the particular investment objectives, financial situation or needs of individual investors nor provide any indication as to whether an investment, a course of action or the associated risks are suitable for the recipient.
Copyright © 2021 Turner Pope Investments (TPI) Limited, all rights reserved.
