By Kyle Morris
Cora Gold Ltd. said Wednesday that it expects to finalize the definitive feasibility study for the Sanankoro project in Mali by the end of the first half of 2022, and then move to permitting and financing to bring the project to the construction stage.
The London-listed mining company said an updated mineral resource estimate in November increased total resources at the project by 200% compared with the maiden estimate from December 2019. The November results included 21.9 million metric tons at 1.15 grams a ton of gold, for a total of 809,300 ounces, the company said.
The updated mineral resource estimate far surpassed expectations, the company said.
Chief Executive Bert Monro said the company expects the strong trends of 2021 to continue in 2022.
Write to Kyle Morris at kyle.morris@dowjones.com
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December 29, 2021 at 03:16PM
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Cora Gold Expects to Complete Mali Project Definitive Feasibility Study by End-1H 2022 - MarketWatch
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