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

Cora has announced its commencement of a significant new drilling campaign at its flagship Sanankoro Gold Project (‘Sanankoro’, ‘the Project’).

Assuming expansion to 35,000m, this will be the largest single programme the Company has ever undertaken, representing almost a doubling of previous work completed on the permit over the previous two years. Focussed both on targeting resource growth as well as infill drilling to convert existing Inferred resources to Indicated, rigs now arriving on site are due to get underway in the coming days.

First results could be released as early as mid-April, with further updates coming every couple of weeks thereafter in anticipation of providing a busy six or so months on the news front. With this work expected to conclude during July 2021, it should be possible for Cora to release its updated resource statement by August or September 2021.

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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.

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