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An announcement from Cora Gold ( (GB:CORA) ) is now available.
Cora Gold Limited has announced an update to its reserves and a definitive feasibility study for the Sanankoro Gold Project, revealing a 26% increase in probable reserves to 531,000 ounces of gold. The updated study projects a 65% internal rate of return and a 1.1-year payback period, with a 10.2-year mine life and significant exploration potential. The project incorporates a solar hybrid power option to reduce costs and emissions, and further drilling could extend the mine’s life by converting inferred resources to reserves.
More about Cora Gold
Cora Gold Limited is a mining company focused on gold exploration and development in West Africa. Its primary project is the Sanankoro Gold Project in southern Mali, which is positioned to become a significant high-margin open-pit oxide gold mine.
Average Trading Volume: 221,930
Technical Sentiment Signal: Buy
Current Market Cap: £44.84M
For an in-depth examination of CORA stock, go to TipRanks’ Overview page.