Cora Gold Share Discussion Threads

[corrientes1] 01/12/2022 21:48

Endeavour's interest in Mali is increasing, so that gives me confidence here.

[vaston] 30/11/2022 11:02

Next multibags

SYME … CLON…. WBI ….MODE

[sipptrader88] 29/11/2022 19:43

oh oh!



but it will be sorted by the time we are ready??????? maybe!

[billyboy2fromiii] 28/11/2022 18:37

Hi Corrientes, I also watched the presentation and submitted a series of questions. May I ask your thoughts on dilution? Are you not concerned about the number of shares that may be required to raise $30m ? BB2.

[corrientes1] 28/11/2022 14:21

Saw today's conference, and nothing jarred for me. People are worried about Mali/Terrorism, but as the country is so big, as large as Europe, this aspect doesn't bother me. I hope they can learn from HUM's mistakes on common issues if the geology is comparable.

[sipptrader88] 22/11/2022 15:27

After yesterday's news, I am nearly topped up to my previous record holding! It is the right time...makes sense to me! If the term sheet or whatever dilutes the share price I will add accordingly, but I'm not going to mess with the project dynamics as are and a £13m market cap! GLA

[plat hunter] 21/11/2022 22:18

Can't say I'm impressed..

Best part of 100 million for 56k based on 1750 gold.
Lionhead term sheet for circa 20 mill if I recal for the equity and 90 mill loan...Might be one for Coris bank but that term sheet is going to dilute the issuance at a rate of 130% on the current mcap.

Lionhead practically get circa 60% of the enlarged issuance in the best case funding scenario that is some potential over hang.

[swanvesta] 21/11/2022 12:00

I wonder who Bert might compare himself with on the TSX? Toubani Resources also has a DFS with much larger resource, also in Mali, also free-digging and heap leach, with similar IRR but looking at 100koz pa. And stuck in a rut with market cap CAD$9m!! I hope Bert has better luck with Lionhead moving this project forward.

[theimpatientone] 21/11/2022 07:14

More lending required ?

[theimpatientone] 21/11/2022 07:13

Cora Gold Limited, the West African focused gold company, is pleased to announce Optimised Project Economics following the announcement of Maiden Reserves and completion of a Definitive Feasibility Study ('DFS') for its flagship Sanankoro Gold Project ('Sanankoro' or the 'Project') in southern Mali (see announcement dated 21 November 2022).

Highlights

-- Optimised Project Economics (post tax, based on a gold price of US$1,750/oz) and Maiden Probable Reserve of 422koz @ 1.3 g/t Au:

-- 52.3% internal rate of return ('IRR')
-- 1.2 year payback period
-- US$71.8m first full year free cash flow ('FCF')
-- US$234m FCF over life of mine ('LOM')
-- US$997/oz all-in sustaining costs ('AISC')
-- 6.8 years Reserve mine life
-- 56,000oz pa average production
-- US$90m pre-production capital (including mining pre-production & contingencies)
-- The optimisations to the DFS were focused on capital expenditure savings which have delivered improved Project economics

-- Solar hybrid power option incorporated into the plant design, delivering savings in both operating costs and carbon emissions.

-- 121koz of pit optimised Inferred Resources, using the same parameters as Reserves, offer potential for an additional 2.5 years of mine life and US$76m additional FCF (based on a gold price of US$1,750/oz). Further infill drilling should, in time, enable the conversion of these Resources to Reserves.

-- Significant potential upside from Exploration Target estimated to contain between 26.0 Mt and 35.2 Mt with a grade range of 0.58 - 1.21 g/t Au for a potential 1,370koz Au.

-- Lionhead Capital Advisors Proprietary Limited ('Lionhead') has confirmed continued support for the Project and is in discussions around a term sheet for up to US$30m.

Bert Monro, Chief Executive Officer of Cora, commented, " The Optimised Project Economics, worked on concurrently with the completion of the DFS, have delivered a project with 52% IRR, 1.2 year payback and with US$234m of free cash flows being generated over the Reserve mine life.

"Sanankoro benefits from a low strip ratio mine plan focused on oxide ore which helps deliver a low technical risk project. The Company also has considerable further upside potential with pit optimised Resources, using the same parameters as the Reserves, adding 2.5 years to the existing 6.8 year Reserve mine life and US$76m free cash flows. In addition, as recently announced, Sanankoro has an Exploration Target that shows the potential for up to an additional 1,370koz Au within 8km of existing pits, offering significant future growth.

"Investment firm Lionhead has confirmed to the Company its continued support to fund the future development of Sanankoro. The Company and Lionhead are in constructive discussions in respect of the arrangement for a funding package of up to US$30 million. Furthermore, we have started discussions with a number of potential lenders to support the Lionhead term sheet to fully fund the Project. The Company anticipates providing further updates on these fundings in due course."

[theimpatientone] 21/11/2022 07:10

Cora Gold Limited, the West African focused gold company, is pleased to announce Maiden Reserves and the results of a Definitive Feasibility Study ('DFS') for its flagship Sanankoro Gold Project ('Sanankoro' or the 'Project') in southern Mali.

Highlights

-- Maiden Probable Reserves based on a gold price of US$1,650/oz are as follows:

Tonnes Grade Contained Recovered
('000s) (g/t Au Au
Au) (koz) (koz)
Total Ore 10,094 1.30 422 380
-------- ----- --------- ---------
Total Waste 46,564
-------- ===== ========= =========
Strip ratio (Waste
: Ore) 4.61
-------- ===== ========= =========

-- DFS economics (post tax, based on a gold price of US$1,750/oz)
-- 37.4% internal rate of return ('IRR')
-- 1.5 year payback period
-- US$228m free cash flow ('FCF') over life of mine ('LOM')
-- US$1,033/oz all-in sustaining costs ('AISC')
-- 6.8 years Reserve mine life
-- 56,000oz pa average production
-- US$108m pre-production capital (including mining pre-production & contingencies)
-- Detailed metallurgical test work confirmed LOM gold recovery of 90.1% through a conventional 1.5 Mtpa Carbon in Leach ('CIL') processing plant.

-- Solar hybrid power option incorporated into the plant design, delivering savings in both operating costs and carbon emissions.

Bert Monro, Chief Executive Officer of Cora, commented, "The Company is pleased to be releasing its Maiden Reserves and DFS on the Sanankoro Gold Project, focused on open pit oxide mining through a traditional gravity and CIL processing plant. The benefit of low strip ratio oxides is seen both in the mining and processing costs, and this has helped deliver a very robust project economically with low technical risk. We are confident that with additional drilling we can significantly add to Sanankoro's reserve mine life through both existing resource conversion and drilling the recently updated exploration target.

"Concurrent with completing the DFS, the Company has been working on a number of additional optimisations with other independent technical consultants. The results of the optimisation work will be published shortly.

[corrientes1] 15/11/2022 19:30

This Mali/Russia military co-operation pact could stabilise Northern Mali which is probably better than the present situation. Northern Mali has been a problem for decades.

[meanreverter] 07/11/2022 21:44

Turner Pope reiterates its 18p per share valuation of Cora today.

[theimpatientone] 07/11/2022 07:11

3 November 2022

Cora Gold Limited ('Cora' or 'the Company')

Regional Exploration Update 2022

Cora Gold Limited, the West African focused gold company, is pleased to provide an update on a regional exploration programme, carried out across all five of Cora's Southern Mali permits in the Yanfolila Project Area ('Yanfolila'). The Company believe the results show that the Southern Mali permits have the potential to host economic mineral resources that could add to Cora's value in the coming years, providing further growth potential.

Highlights

-- Over 12km of pre-drilling gold structures discovered from early-stage exploration work across all of Cora's Southern Mali permits, which are in close proximity to Hummingbird Resources plc's Yanfolila Gold Mine

-- Promising results from the Farassaba permit were received as part of a focused programme along newly identified high potential gold bearing structures.

o Values of up to 6g/t gold were recorded from grab samples.

o Over 9km of new gold structures were identified from three separate zones, which now require follow-up work to justify future reconnaissance drilling

-- Whilst the main focus remains on the Company's development of the Sanankoro project, teams continue to evaluate and prepare future exploration programmes both at Sanankoro and the wider exploration area

Bert Monro, Chief Executive Officer of Cora, commented, "I am excited to bring our shareholders such a positive update regarding our regional exploration activities. Whilst the development of Sanankoro remains our primary objective, the promising results from our Southern Mali permits gives us earlier stage prospects, that can continue to build up our target pipeline with further exploration programmes in the endeavour to prove the mineral resource potential of these licences and enhance the overall value of our Company ."

blah blah blah blah - When are they eventually going to get this gold to market ?

[corrientes1] 27/9/2022 09:49

They're not calling the shots.

[sleveen] 27/9/2022 07:06

Another deadline missed, what terrible management.

[billyboy2fromiii] 25/9/2022 09:04

Hi,

Anyone done any calculation# re the term sheet dilution should DFS land this week? Is the term sheet a “done deal” once DFS is issued?

Thoughts?

BB2

[q2g] 25/8/2022 21:18

Love the optimism in today's bear market. So easy to be so confident after the event. No liquidation ; that's ridiculous, but watch what happens here when gold turns.

[vaston] 25/8/2022 20:38

Ok , thanks , I’ll look elsewhere.

[bocarugga85] 25/8/2022 14:34

Sorry to say, but this is hitting 2.5 for complete retail liquidation.

Watched this film before unfortunately.

[vaston] 25/8/2022 09:41

Has this stock hit the floor, thought’s anyone .