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Cora Gold ( (GB:CORA) ) just unveiled an update.
Cora Gold Limited has announced successful results from recent metallurgical test work aimed at optimizing the processing flow sheet at its Sanankoro Gold Project in Mali. The test work identified a two-stage processing strategy that could reduce operating costs by integrating a scrubbing circuit upstream of the ball mill, thereby reducing power consumption and enhancing project economics. This optimization is part of the company’s broader strategy to improve the project’s economic fundamentals, which already show strong potential with a 52% IRR and significant free cash flow. The updated Definitive Feasibility Study, expected in Q3 2025, will incorporate these improvements, potentially increasing the commercial value of the project.
More about Cora Gold
Cora Gold Limited is a West African gold developer focusing on de-risked project areas within two known gold belts in Mali and Senegal. The company is led by a team with a proven track record in making multi-million-ounce gold discoveries that have been developed into operating mines. Its primary focus is on developing the Sanankoro Gold Project in the Yanfolila Gold Belt, south Mali, into an open pit oxide mine.
Average Trading Volume: 666,735
Technical Sentiment Signal: Buy
Current Market Cap: £40M
For an in-depth examination of CORA stock, go to TipRanks’ Stock Analysis page.