TPI provides its latest research note on Cora Gold Limited (CORA.L).

Cora this morning has announced its discovery of a new 1.5km gold zone at its flagship Sanankoro Gold Project (‘Sanankoro’) in Mali.

This follows results from a reconnaissance aircore drilling programme at the bordering Bokoro II permit (‘Bokoro’) which are considered positive given that this is the first time the prospect has been systematically drilled. Located close to Selin, one of the Cora’s existing deposits, with other similar oxide targets remaining within the project area in close proximity to the defined resources, upside potential remains significant, before considering the future potential for the deeper sulphide mineralisation.

Taken together with a positive Scoping Study and recently signed US$21m term sheet with Lionhead Capital to support Sanankoro’s fast-track into production on completion of a DFS, this news continues to be positive for Cora.

Read On CoraGoldLimited_27_7_20_FINAL_BG.01.pdf

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 © 2020 Turner Pope Investments (TPI) Limited, all rights reserved.


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