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CORA Cora Gold Limited

2.22
-0.08 (-3.48%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cora Gold Limited LSE:CORA London Ordinary Share VGG2423W1077 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.08 -3.48% 2.22 2.20 2.40 2.30 2.30 2.30 63,905 16:35:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 0 -2.51M -0.0068 -3.38 8.52M

Cora Gold Limited First Drill Results from 2022 & New Discoveries (7020K)

09/05/2022 6:10pm

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TIDMCORA

RNS Number : 7020K

Cora Gold Limited

09 May 2022

Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining

9 May 2022

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

First Drill Results from 2022 Drill Campaign & New Gold Discoveries

Cora Gold Limited, the West African focused gold company, is pleased to announce the first drill results from its 2022 drill programme at the Company's Sanankoro Gold Project ('Sanankoro' or the 'Project') in southern Mali.

-- Drill programme consisting of 11 aircore (AC) shallow holes for 897m and 78 reverse circulation (RC) holes for a total of 6,992m (4,958m at Zone B North; 1,092m at Selin South, 504m at Fode 1 and 438m at Target 6) now completed at Sanankoro.

-- Drilling targeted both converting existing Inferred Mineral Resources to Indicated Mineral Resources, as well as identifying new discoveries at Sanankoro.

   --    RC drill highlights at Zone B North: 

o 25m @ 2.38 g/t Au from 65m in hole SC0595

o 27m @ 1.40 g/t Au from 18m in hole SC0600

o 5m @ 4.64 g/t Au from 48m in hole SC0598

o 20m @ 1.09 g/t Au from 83m in hole SC0597

o 8m @ 2.47 g/t Au from 39m in hole SC0593

o 8m @ 1.88 g/t Au from 39m in hole SC0593

o 8m @ 1.74 g/t Au from 37m in hole SC0583

-- Two new discoveries - Fode 1 and Target 6 both in close proximity to existing Mineral Resources

   --    AC drill highlights: 

o 2m @ 3.56 g/t Au from 41m in hole SC0572 at Fode 1

o 6m @ 0.65 g/t Au from 66m, including 2m @ 1.62 g/t Au in hole SC0573 at Fode 1

o 3m @ 1.24 g/t Au from 7m in hole SC0579 at Target 6

o Awaiting results from RC follow up drill holes at these discoveries

-- Drill results consist of all the AC holes and the first 28 RC holes completed at Zone B North. Drill results for the later RC holes are expected imminently.

Bert Monro, Chief Executive Officer of Cora, commented, "Our 2022 drill programme has a dual focus; to both increase the Indicated Mineral Resources at Sanankoro through conversion of existing Inferred material and to target new discoveries to add to the project growth potential in the future. The recent identification of two new gold discoveries, Fode 1 and Target 6, is an exciting new development and we look forward to getting the RC drill results that followed up the initial shallow AC holes.

"The first holes of the RC programme have delivered a number of shallow oxide intercepts, including 25m @ 2.38 g/t Au, which continues to give us early encouragement from the first holes of the programme."

To view the RNS with illustrative diagrams and maps, please use the following link:

http://www.rns-pdf.londonstockexchange.com/rns/7020K_1-2022-5-8.pdf

New Discoveries

Figure 1: Map showing the locations of the two new drilled gold discoveries; Fode 1 and Target 6 at Sanankoro.

Figure 2: Fode 1 target showing the AC collars relative to the ground geophysics IP anomaly. The red dots show collars with gold intercepts in Table 1.

Background on the Geology

Sanankoro is located on the leading western edge of the Yanfolila-Kalana Volcanic Belt, which is the western-most expression of the cratonic Baoulé-Mossi domain, on the major transcrustal margin with the Siguiri Basin. There is major deep-seated structural architecture across the district which links the major gold mines at Siguiri, Lero, Tri-K, Kalana and Yanfolila.

On a project scale, Sanankoro is characterised by the 2 km wide Sanankoro Shear Zone, which can be traced over 30 km from Kabaya South in the western Yanfolila Mine to north of the Niger River beyond Selin and onto Karan. Within the project area, each of the prospects are underpinned by a strong linear parallel, and where strong mineralisation is developed, a pronounced localised NE-SW focused zone of en-echelon veining and associated sulphide development.

Selin Geology

Selin is hosted on the eastern margin of the Sanankoro Shear Zone in the north-eastern corner of the Sanankoro permit. The Selin deposit has a typical interference node control but with the additional positive impact of a strong, rheological diorite intrusive host. The gold geology at Selin is anchored along this linear, en-echelon or possibly folded, diorite igneous intrusive which cores the volcaniclastic thrust assemblage and focuses the gold deposition.

Recent core drilling into Selin has enlightened the genetic model for this deposit by discovering 4-6 multiple early/pre-D3 dykes of diorite intruding the 65-80deg W dipping axial trace of a western hanging-wall F3 anti-form on this major reactivated D2 east-verging thrust. The >100m wide Selin Shear Zone may be a regional back-thrust and the dominant eastern margin of the regional west-verging Sanankoro thrust. The largest diorite unit is demonstrably discordant and sits immediately west and adjacent to a major early ductile, 10-30m wide footwall carbonaceous shear. Progressive deformation has folded, warped and possibly cross-faulted the diorite units prior to gold deposition. The early footwall shear fabrics are overprinted by later semi-brittle to brittle graphitic faults which locally convert all protolith to graphitic schist on sub-metre scale. The diorite units exhibit multi-phase veining interference and sulphide development. The dominant sulphide is pyrite with occasional arsenopyrite and a scattering of chalcopyrite. Alteration minerals are predominantly sericite, silica, fuchsite, ankerite, graphite and calcite.

Zone A, Zone B and Zone C Geology

Zone A is the second major deposit at Sanankoro behind Selin and shores up the southern limit of the 11.5 km mineralised corridor, which forms the backbone to the Sanankoro Project. Zone A is the southernmost expression of the 010(o) trending central axis of the Sanankoro Shear Zone, which is located 900m west of the Selin Boundary Shear and hosts the 5.8 km chain of deposits from Zone A through Zone B to Zone B North. The deposits of this central trend verge westward mimicking the regional sense of thrusting.

Zone B is the third major deposit at Sanankoro behind Selin and Zone A. It is the strike extension of Zone A, located 800m to the north. The Sanankoro Main Trend strikes for 6 km from the south end of Zone A to the north end of Zone B North. Detailed sectional drilling is required along the length of this major generative gold system. The local structural facing and stratigraphy of Zone B is very similar to Zone A with the western footwall sequences hosting more crystalline volcanic tuffaceous units and the eastern, hanging wall assemblages being more basinal sediments. Zone B hosts an impressive scale of hydrothermal activity and the broad horizontal widths of mineralisation observed in the recent drilling bodes well for future discovery potential along the central and southern sections of the Sanankoro Main Shear Zone (SMSZ).

Zone C is located 650m southwest of Zone A on the parallel, +7 km long Sanankoro West Shear Zone (SWSZ) which can be traced along a chain of surface workings to the Excavator Prospect, 1.5 km NNW of Zone B North.

Zones A, B and C deposits are identical in style and typical of Siguiri Basin Deposits, fold-thrust controlled within pelitic and psammitic sediments and very deeply weathered (>120m from surface). There is a highly evolved weathering profile with a pronounced 8-10m thick duricrust-laterite ferro-cap, grading downward into a well-developed mottled zone until 20-25m and remains highly weathered until beyond 130m vertically within the central mineralised fault zone. Below the saprolite lies a 35-40m thick transition zone ending in top of fresh rock at between 160 to 170m.

All of the host oxide lithologies are weathered to kaolin with only highly corroded quartz vein material remaining in-situ to mark the main gold faults. Diamond core shows the host lithologies to be predominantly variably grained basinal pelites and sandstones with minor horizons of small quartz clast, matrix-supported greywacke inter-bedded within the sequence. A minor intercept of diorite has been identified but does not form an important control to the mineralisation currently drill tested at Zone A or C. The primary sulphide is pyrite disseminated around central vein networks and enveloped by a broader hydrothermal halo of silica flooding, sericite and ankerite.

Intersections

The intersections have been calculated using a 0.1 g/t Au cut-off over a minimum 1m sample length. An allowance of 3 m of internal material, below cut-off grade, is included where required. Lengths are apparent in nature and are therefore not true widths of the mineralisation (see Figure 4 and Figure 5).

All samples were sent for 2kg bottle roll analysis at ALS Laboratories with results supported by QAQC analysis.

Intersections are reported according to JORC 2012 guidelines.

Figure 3: Plan view of Zone B North and Fode 1 showing section lines (see Figure 4 and Figure 5)

The conceptual interpretation of mineralisation (Figure 4 and Figure 5) was made using a 0.2 g/t Au threshold i.e. the same threshold used for the Mineral Resource (November 2021). This interpretation is for illustrative purposes only and does not represent a volume or domain that will be used for Mineral Resource reporting purposes in future. The conceptual interpretation illustrates a thickening of the mineralisation in places, resulting in certain drillholes ending in mineralisation. This will be further investigated as more result become available from the 2022 drilling programme.

Figure 4: Cross section 1 looking south at Zone B North showing new drill hole traces and samples relative to a conceptual interpretation of the mineralisation.

Figure 5: Cross section 2 looking south at Zone B North showing new drill hole traces and samples relative to a conceptual interpretation of the mineralisation.

Table 1 : AC and RC drill intercepts from the on-going 2022 drill programme.

 
 Hole    Easting  Northing  From  To   Width    Au       Intercept      Including   Drill  Prospect 
                                               (g/t)                                 type 
                                                           3 m @ 0.52 
SC0569   558022   1300947     57   60      3    0.52              g/t                AC    FODE_1 
                                                           3 m @ 0.53 
SC0569   558022   1300947     69   72      3    0.53              g/t                AC    FODE_1 
SC0570   558021   1301100      0    0      0          No intersection                AC    FODE_1 
                                                           5 m @ 0.20 
SC0571   557976   1301101     75   80      5    0.20              g/t                AC    FODE_1 
                                                           2 m @ 3.89 
SC0572   557881   1301099     41   43      2    3.89              g/t                AC    FODE_1 
                                                           6 m @ 0.74   2 m @ 1.85 
SC0573   557927   1300950     66   72      6    0.74              g/t          g/t   AC    FODE_1 
SC0574   557920   1301046                             No intersection                AC    FODE_1 
SC0575   557965   1301050                             No intersection                AC    FODE_1 
                                                           3 m @ 3.29 
SC0576   557922   1300647      9   12      3    3.29              g/t                AC    FODE_1 
                                                           3 m @ 0.27 
SC0576   557922   1300647     21   24      3    0.27              g/t                AC    FODE_1 
                                                           1 m @ 0.20 
SC0576   557922   1300647     46   47      1    0.20              g/t                AC    FODE_1 
                                                           2 m @ 0.46 
SC0577   557916   1300702     27   29      2    0.46              g/t                AC    FODE_1 
                                                           2 m @ 1.39 
SC0577   557916   1300702     32   34      2    1.39              g/t                AC    FODE_1 
                                                           3 m @ 0.13 
SC0578   558100   1294553     51   54      3    0.13              g/t                AC    Target6 
                                                           3 m @ 0.18 
SC0578   558100   1294553     66   69      3    0.18              g/t                AC    Target6 
                                                           3 m @ 0.12 
SC0579   558041   1294547      0    3      3    0.12              g/t                AC    Target6 
                                                           3 m @ 1.34   2 m @ 1.94 
SC0579   558041   1294547      7   10      3    1.34              g/t          g/t   AC    Target6 
                                                           1 m @ 0.56 
SC0579   558041   1294547     13   14      1    0.56              g/t                AC    Target6 
                                                           2 m @ 0.37 
SC0579   558041   1294547     45   47      2    0.37              g/t                AC    Target6 
                                                           3 m @ 0.16 
SC0579   558041   1294547     57   60      3    0.16              g/t                AC    Target6 
                                                           3 m @ 0.18 
SC0579   558041   1294547     66   69      3    0.18              g/t                AC    Target6 
                                                           7 m @ 1.22                      Zone B 
SC0580   558540   1299834     33   40      7    1.22              g/t                RC     North 
                                                           1 m @ 0.45                      Zone B 
SC0581   558565   1299832     34   35      1    0.45              g/t                RC     North 
                                                           6 m @ 0.29                      Zone B 
SC0581   558565   1299832     38   44      6    0.29              g/t                RC     North 
                                                           2 m @ 0.83                      Zone B 
SC0581   558565   1299832     62   64      2    0.83              g/t                RC     North 
                                                          13 m @ 0.24                      Zone B 
SC0581   558565   1299832     67   80     13    0.24              g/t                RC     North 
                                                                                           Zone B 
SC0582   558588   1299832                             No intersection                RC     North 
                                                           4 m @ 1.65   2 m @ 3.04         Zone B 
SC0583   558534   1299777     18   22      4    1.65              g/t          g/t   RC     North 
                                                           2 m @ 1.81   1 m @ 2.79         Zone B 
SC0583   558534   1299777     25   27      2    1.81              g/t          g/t   RC     North 
                                                           1 m @ 0.21                      Zone B 
SC0583   558534   1299777     33   34      1    0.21              g/t                RC     North 
                                                           7 m @ 2.22   2 m @ 5.15         Zone B 
SC0583   558534   1299777     37   44      7    2.22              g/t          g/t   RC     North 
                                                           2 m @ 0.21                      Zone B 
SC0584   558572   1299780     70   72      2    0.21              g/t                RC     North 
                                                           6 m @ 0.52                      Zone B 
SC0584   558572   1299780     82   88      6    0.52              g/t                RC     North 
                                                           6 m @ 0.54                      Zone B 
SC0585   558533   1299745     22   28      6    0.54              g/t                RC     North 
                                                          11 m @ 1.24   3 m @ 3.30         Zone B 
SC0585   558533   1299745     42   53     11    1.24              g/t          g/t   RC     North 
                                                           1 m @ 2.06                      Zone B 
SC0586   558563   1299746     15   16      1    2.06              g/t                RC     North 
                                                          15 m @ 0.46   1 m @ 1.61         Zone B 
SC0586   558563   1299746     64   79     15    0.46              g/t          g/t   RC     North 
                                                           1 m @ 0.45                      Zone B 
SC0586   558563   1299746     84   85      1    0.45              g/t                RC     North 
                                                          26 m @ 1.06  10 m @ 1.53         Zone B 
SC0587   558533   1299717     27   53     26    1.06              g/t          g/t   RC     North 
                                                           1 m @ 0.22                      Zone B 
SC0587   558533   1299717     55   56      1    0.22              g/t                RC     North 
                                                           4 m @ 0.62                      Zone B 
SC0587   558533   1299717     57   61      4    0.62              g/t                RC     North 
                                                           3 m @ 0.70                      Zone B 
SC0588   558551   1299714     58   61      3    0.70              g/t                RC     North 
                                                           9 m @ 0.47                      Zone B 
SC0589   558534   1299670     53   62      9    0.47              g/t                RC     North 
                                                                                           Zone B 
SC0590   558052   1294546                             No intersection                       North 
                                                          10 m @ 0.43                      Zone B 
SC0591   558524   1299640     47   57     10    0.43              g/t                RC     North 
                                                          10 m @ 0.62   1 m @ 1.77         Zone B 
SC0592   558550   1299865     36   46     10    0.62              g/t          g/t   RC     North 
                                                           8 m @ 2.47   3 m @ 5.60         Zone B 
SC0593   558577   1299864     39   47      8    2.47              g/t          g/t   RC     North 
                                                           1 m @ 0.19                      Zone B 
SC0593   558577   1299864     67   68      1    0.19              g/t                RC     North 
                                                           5 m @ 0.33                      Zone B 
SC0593   558577   1299864     72   77      5    0.33              g/t                RC     North 
                                                           2 m @ 0.79                      Zone B 
SC0593   558577   1299864     80   82      2    0.79              g/t                RC     North 
                                                          10 m @ 1.07   2 m @ 3.76         Zone B 
SC0593   558577   1299864     84   94     10    1.07              g/t          g/t   RC     North 
                                                                                           Zone B 
SC0594   558600   1299865                             No intersection                       North 
                                                           8 m @ 1.14   2 m @ 2.81         Zone B 
SC0595   558560   1299912     45   53      8    1.14              g/t          g/t   RC     North 
                                                                       2 m @ 21.71 
                                                          25 m @ 2.38    g/t; 2m @         Zone B 
SC0595   558560   1299912     65   90     25    2.38              g/t     2.25 g/t   RC     North 
                                                           1 m @ 0.41                      Zone B 
SC0595   558560   1299912     96   97      1    0.41              g/t                RC     North 
                                                           1 m @ 0.18                      Zone B 
SC0595   558560   1299912    104  105      1    0.18              g/t                RC     North 
                                                                                           Zone B 
SC0596   558615   1299915                             No intersection                       North 
                                                           4 m @ 0.39                      Zone B 
SC0597   558669   1299950     11   15      4    0.39              g/t                RC     North 
                                                          20 m @ 1.09   5 m @ 3.44         Zone B 
SC0597   558669   1299950     83  103     20    1.09              g/t          g/t   RC     North 
                                                           2 m @ 0.81                      Zone B 
SC0598   558595   1299950     13   15      2    0.81              g/t                RC     North 
                                                           5 m @ 4.64  2 m @ 10.75         Zone B 
SC0598   558595   1299950     48   53      5    4.64              g/t          g/t   RC     North 
                                                           1 m @ 0.71                      Zone B 
SC0598   558595   1299950     76   77      1    0.71              g/t                RC     North 
                                                           11 m @ 0.4                      Zone B 
SC0598   558595   1299950    100  111     11    0.40              g/t                RC     North 
                                                           1 m @ 0.23                      Zone B 
SC0599   558630   1299950      5    6      1    0.23              g/t                RC     North 
                                                                       10 m @ 2.43 
                                                           27 m @ 1.4     g/t; 4 m         Zone B 
SC0600   558590   1299995     18   45     27    1.40              g/t   @ 2.17 g/t   RC     North 
                                                           1 m @ 0.20                      Zone B 
SC0601   558614   1299995      5    6      1    0.20              g/t                RC     North 
                                                           1 m @ 0.18                      Zone B 
SC0601   558614   1299995     16   17      1    0.18              g/t                RC     North 
                                                          17 m @ 0.62   3 m @ 1.59         Zone B 
SC0601   558614   1299995     61   78     17    0.62              g/t          g/t   RC     North 
                                                           1 m @ 5.81                      Zone B 
SC0601   558614   1299995     89   90      1    5.81              g/t                RC     North 
                                                           8 m @ 0.52                      Zone B 
SC0602   558589   1300031      9   17      8    0.52              g/t                RC     North 
                                                          17 m @ 0.32                      Zone B 
SC0602   558589   1300031     26   43     17    0.32              g/t                RC     North 
                                                           1 m @ 0.58                      Zone B 
SC0602   558589   1300031     50   51      1    0.58              g/t                RC     North 
                                                           1 m @ 6.04                      Zone B 
SC0603   558593   1300081      2    3      1    6.04              g/t                RC     North 
                                                          10 m @ 0.67   2 m @ 1.61         Zone B 
SC0603   558593   1300081     11   21     10    0.67              g/t          g/t   RC     North 
                                                           1 m @ 0.18                      Zone B 
SC0603   558593   1300081     24   25      1    0.18              g/t                RC     North 
                                                          10 m @ 0.72   3 m @ 1.66         Zone B 
SC0603   558593   1300081     41   51     10    0.72              g/t          g/t   RC     North 
                                                           1 m @ 0.17   2 m @ 1.97         Zone B 
SC0604   558615   1300080      2    3      1    0.17              g/t          g/t   RC     North 
                                                           8 m @ 0.58                      Zone B 
SC0604   558615   1300080     36   44      8    0.58              g/t                RC     North 
                                                           3 m @ 0.23                      Zone B 
SC0604   558615   1300080     63   66      3    0.23              g/t                RC     North 
                                                           8 m @ 1.59   4 m @ 2.76         Zone B 
SC0605   558595   1300117      9   17      8    1.59              g/t          g/t   RC     North 
                                                          16 m @ 0.40   1 m @ 1.56         Zone B 
SC0605   558595   1300117     27   43     16    0.40              g/t          g/t   RC     North 
                                                           1 m @ 0.20                      Zone B 
SC0605   558595   1300117     47   48      1    0.20              g/t                RC     North 
                                                           7 m @ 1.58   1 m @ 9.12         Zone B 
SC0605   558595   1300117     55   62      7    1.58              g/t          g/t   RC     North 
                                                           1 m @ 0.19                      Zone B 
SC0606   558615   1300117     19   20      1    0.19              g/t                RC     North 
                                                           2 m @ 0.45                      Zone B 
SC0606   558615   1300117     28   30      2    0.45              g/t                RC     North 
                                                           8 m @ 0.37                      Zone B 
SC0606   558615   1300117     34   42      8    0.37              g/t                RC     North 
                                                           1 m @ 0.21                      Zone B 
SC0606   558615   1300117     49   50      1    0.21              g/t                RC     North 
                                                          13 m @ 0.63   1 m @ 3.85         Zone B 
SC0606   558615   1300117     54   67     13    0.63              g/t          g/t   RC     North 
                                                          14 m @ 2.83  11 m @ 3.50         Zone B 
SC0607   558610   1300150     15   29     14    2.83              g/t          g/t   RC     North 
                                                           3 m @ 0.21                      Zone B 
SC0607   558610   1300150     46   49      3    0.21              g/t                RC     North 
                                                          13 m @ 0.34                      Zone B 
SC0607   558610   1300150     57   70     13    0.34              g/t                RC     North 
 

Competent Person's statement

The information in this release that relates to Exploration Results was reviewed by Mr Anton Geldenhuys, a Competent Person who is a Member of the South African Council for National Scientific Professions (SACNASP). Mr Geldenhuys (Principal Resource Consultant) is an independent consultant with CSA Global and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking, to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Geldenhuys consents to the inclusion in this release of the Exploration Results in the form and context in which it appears. Mr Geldenhuys confirms that the information contained in the Appendix of this release that relates to the reporting of Exploration Results at Sanankoro is an accurate representation of the available data. In addition, Mr Anton Geldenhuys qualifies as a Competent Person in accordance with the guidance note for Mining, Oil & Gas Companies issued by the London Stock Exchange in respect of AIM Companies, which outlines standards of disclosure for mineral projects.

Market Abuse Regulation ('MAR') Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014, which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, until the release of this announcement.

**S**

For further information, please visit http://www.coragold.com or contact:

 
Bert Monro                      Cora Gold Limited         info@coragold.com 
 Craig Banfield 
Christopher Raggett / Charlie   finnCap Ltd               +44 (0) 20 7220 
 Beeson                          (Nomad & Joint Broker)    0500 
Andy Thacker                    Turner Pope Investments   +44 (0) 20 3657 
 James Pope                      (Joint Broker)            0050 
Susie Geliher / Selina Lovell   St Brides Partners        pr@coragold.com 
                                 (Financial PR) 
 

Notes

Cora is an emerging West African gold developer with three principal de-risked project areas within two known gold belts in Mali and Senegal covering c.1,000 sq. km. 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, Southern Mali, where Cora hopes to commence construction of an open pit oxide focussed gold mine in 2022. An updated mineral resource estimate on the Project was published in November 2021 which increased the Resources by over 200% (from the 2019 Maiden resource) to 809,300oz Au. A Definitive Feasibility Study is expected to be completed in H1 2022.

Appendix - JORC Code (2012) Edition, Table 1

Section 1: Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections)

 
Criteria           JORC Code explanation    Commentary 
Sampling           Nature and quality       This 2021/2022 phase of drilling is 
 techniques        of sampling (e.g. cut     composed of 6,993 m of RC and 897 
                   channels, random chips,   m of aircore (AC) drilling. 
                   or specific specialised   RC was ubiquitously sampled on 1 m 
                   industry standard         intervals. Each rod string is 6 m 
                   measurement               in length and is checked and marked 
                   tools appropriate to      with grease every 1 m to allow personnel 
                   the minerals under        to observe sampling and drill progress. 
                   investigation, such       The driller will sound a horn at the 
                   as downhole gamma         end of each 1 m interval, warning 
                   sondes,                   the samplers to switch bags at the 
                   or handheld XRF           cyclone. 
                   instruments,              All industry standard RC sample quality 
                   etc.). These examples     procedures were applied, and each 
                   should not be taken       shift a geologist was present to ensure 
                   as limiting the broad     sample quality was maintained, holes 
                   meaning of sampling.      were not stopped in mineralisation 
                   Include reference         and activity reporting monitored cost 
                   to measures taken to      control. No detailed logging or sampling 
                   ensure sample             was conducted at the rigs. 
                   representivity            All bulk 1 m samples were transported 
                   and the appropriate       immediately upon hole completion to 
                   calibration of any        a central bag farm next to the Sanankoro 
                   measurement tools or      camp. No samples were left in the 
                   systems used.             field. All samples drilled were shipped 
                   Aspects of the            to the bag farm for splitting and 
                   determination             logging under controlled and secured 
                   of mineralisation that    conditions. 
                   are Material to the       The 1 m bulk samples are riffle split 
                   Public Report.            down to 5-6 kg using a three-tier 
                   In cases where            75:25 riffle splitter and a duplicate 
                   'industry                 pair of 2-3 kg samples are then generated 
                   standard' work has        using a two-tier 50:50 riffle splitter. 
                   been done this would      One sample is sent to the lab and 
                   be relatively simple      the duplicate is stored for any future 
                   (e.g. 'reverse            re-assay or reference. 
                   circulation               All RC holes are photographed on chip 
                   drilling was used to      tables and chip trayed after sampling 
                   obtain 1 m samples        and logging. 
                   from which 3 kg was       All RC holes are geologically logged 
                   pulverised to produce     and panned for visible gold on 
                   a 30 g charge for fire    1 m intervals concurrently with sampling. 
                   assay'). In other         The logging and panning results dictate 
                   cases,                    whether the logging or senior geologist 
                   more explanation may      will instruct compositing in less 
                   be required, such as      favourable intersections of a hole. 
                   where there is coarse     Composites of 4 m are possible in 
                   gold that has inherent    barren intersections. 
                   sampling problems.        The RC samples were sent to an accredited 
                   Unusual commodities       laboratory where they were pulverised 
                   or mineralisation types   to 85% passing 75 micron in a Labtechnics 
                   (e.g. submarine           LM2 puck pulveriser and sub-sampled 
                   nodules)                  to provide 2 kg for CN bottle roll 
                   may warrant disclosure    and/or a 50 g aliquot for fire assay. 
                   of detailed               Bottle roll is the preferred assaying 
                   information.              method for oxide materials and fire 
                                             assay for fresh or sulphide-rich material. 
                                             AC was sampled and analysed as per 
                                             the RC procedure. 
Drilling           Drill type (e.g. core,   RC was drilled using a 5(3/8) " face-sampling 
 techniques        reverse circulation,      hammer. 
                   open-hole hammer,         All drilling details and dates are 
                   rotary                    recorded on hole logs and are stored 
                   air blast, auger,         in the COLLAR file in DATASHED(TM). 
                   Bangka, 
                   sonic, etc.) and 
                   details 
                   (e.g. core diameter, 
                   triple or standard 
                   tube, depth of diamond 
                   tails, face-sampling 
                   bit or other type, 
                   whether core is 
                   oriented 
                   and if so, by what 
                   method, etc.). 
Drill sample       Method of recording      RC was drilled using a 5(3/8) " face-sampling 
 recovery          and assessing core        hammer leading a 4(1/2) " standard 
                   and chip sample           rod string. Auxiliary booster-compressor 
                   recoveries                air packs were used on deeper holes, 
                   and results assessed.     normally >110 m, to ensure dry sample 
                   Measures taken to         quality and recovery. 
                   maximise sample           The RC drilling was sampled on a standard 
                   recovery                  1 m interval and recoveries assessed 
                   and ensure                quantitively by weighing each sampled 
                   representative            metre. A total of 6,698 RC samples 
                   nature of the samples.    and 844 AC weights were recorded during 
                   Whether a relationship    this drilling campaign in 2021/2022. 
                   exists between sample     The practice of weighing drill chip 
                   recovery and grade        samples immediately from recovery 
                   and whether sample        at the rig is Cora Gold Limited (Cora 
                   bias may have occurred    Gold) standard practice for all AC 
                   due to preferential       and RC drilling. 
                   loss/gain of              Sample quality and recovery are monitored 
                   fine/coarse               at the rig during drilling shift both 
                   material.                 observationally by the geologist checking 
                                             the moisture content, possible contamination 
                                             and relative recovery along the bag 
                                             line and quantitively by weighing 
                                             each of the bulk 1 m samples direct 
                                             from the cyclone before layout. 
                                             RC recoveries are logged and recorded 
                                             in the database. Overall recoveries 
                                             are >70% for the RC; there are no 
                                             significant sample recovery issues. 
                                             A geologist is always present at the 
                                             rig to monitor and record sample quality. 
Logging            Whether core and chip    All RC holes are logged, panned and 
                   samples have been         sampled on a standard 1 m resolution. 
                   geologically              Every 1 m drilled is logged and panned 
                   and geotechnically        before being sampled. 
                   logged to a level of      4 m compositing may be instructed 
                   detail to support         in barren sections of drilled hole 
                   appropriate               based on the results of the detailed 
                   Mineral Resource          logging. 
                   estimation,               All RC holes are photographed on chip 
                   mining studies and        tables and chip trayed after sampling 
                   metallurgical studies.    and logging. 
                   Whether logging is 
                   qualitative or 
                   quantitative 
                   in nature. Core (or 
                   costean, channel, etc.) 
                   photography. 
                   The total length and 
                   percentage of the 
                   relevant 
                   intersections logged. 
Subsampling        If core, whether cut     All AC and RC chip samples were weighed 
 techniques        or sawn and whether       and riffle split to 2-3 kg for submission 
 and sample        quarter, half or all      to the lab. All AC and RC holes are 
 preparation       core taken.               sampled in bulk, logged and panned 
                   If non-core, whether      on a standard 1 m interval. Compositing 
                   riffled, tube sampled,    to 4 m may occur in barren geology. 
                   rotary split, etc.        A standard 5:25 sample QAQC was used 
                   and whether sampled       throughout the 2021/2022 programme, 
                   wet or dry.               composed of one standard, one blank, 
                   For all sample types,     two duplicates, and one triplicate. 
                   the nature, quality       Assay batches had a routine 20% QAQC 
                   and appropriateness       component. 
                   of the sample             The database manager monitors all 
                   preparation               sampling and QAQC vetting of the assay 
                   technique.                batches. 
                   Quality control           Field duplicates assist in determining 
                   procedures                the representivity of subsamples. 
                   adopted for all           QC category ratiosQC category         DH sample  QC sample  Ratio 
                   subsampling                                    count      count      of QC samples 
                   stages to maximise                                                   to DH samples 
                   representivity of         Field duplicate     5,101      471        1:11 
                   samples.                  Triplicate 
                   Measures taken to          (Second 
                   ensure that the            Field duplicate)   5,101      213        1:24 
                   sampling 
                   is representative of      Subsamples are deemed appropriate 
                   the in-situ material      for the reporting of Exploration Results. 
                   collected, including 
                   for instance results 
                   for field 
                   duplicate/second-half 
                   sampling. 
                   Whether sample sizes 
                   are appropriate to 
                   the grain size of the 
                   material being sampled. 
Quality            The nature, quality      Sample preparation involved oven drying, 
 of assay          and appropriateness       jaw crushing core P70 passing 2 mm, 
 data and          of the assaying and       followed by total pulverisation through 
 laboratory        laboratory procedures     an LM2 puck pulveriser to a nominal 
 tests             used and whether the      85% passing 75 microns. 
                   technique is considered   Historically it has been proven that 
                   partial or total.         the nuggety, highly weathered nature 
                   For geophysical tools,    of the Sanankoro oxide mineralisation 
                   spectrometers, handheld   is best head assayed by 2 kg bottle 
                   XRF instruments, etc,     roll/atomic absorption spectrometry 
                   the parameters used       (AAS) with a 50 g fire assay/AAS on 
                   in determining the        the bottle roll tail residue on all 
                   analysis including        samples with Au values greater than 
                   instrument make and       0.1 g/t Au. The bulk of the assay 
                   model, reading times,     database is completed by this method. 
                   calibrations factors      A total of 29,899 bottle roll (Leachwell) 
                   applied and their         assays were reported with 7,561 fire 
                   derivation,               assay/AAS tails. 
                   etc.                      A standard 5:25 sample QAQC was used 
                   Nature of quality         throughout the programme, composed 
                   control procedures        of one standard, one blank, two duplicates, 
                   adopted (e.g.             and one triplicate. The assay batches 
                   standards,                had a routine 20% QAQC component. 
                   blanks, duplicates,       Standard type ratiosStandard   DH sample  Standard  Standard  Ratio 
                   external laboratory        type       count      type      sample    of QC standard 
                   checks) and whether                              count     count     to DH samples 
                   acceptable levels of      BLANK      5,101      1         285       1:18 
                   accuracy (i.e. lack       CRM        5,101      5         241       1:21 
                   of bias) and precision 
                   have been established.    Certified reference material (CRM) 
                                             standards were sourced from accredited 
                                             suppliers Rocklabs.Standard   Expected  Expected    No.          Supplier 
                                              code       value     standard    of samples 
                                                                   deviation 
                                             OXG140     1.019     0.022       43           Rocklabs 
                                             OXK160     3.674     0.078       42           Rocklabs 
                                             SJ111      2.812     0.068       26           Rocklabs 
                                             SH98       1.400     0.028       26           Rocklabs 
                                             OXL159     5.349     0.139       74           Rocklabs 
 
                                             Following review of the QAQC, the 
                                             data are deemed appropriate for the 
                                             reporting of Exploration Results. 
Verification       The verification of      The Competent Person has visually 
 of sampling       significant               verified some significant RC intersections 
 and assaying      intersections             during the site visit related to the 
                   by either independent     Mineral Resource in 2021. 
                   or alternative company    Geology and sampling data were logged 
                   personnel.                into Microsoft Excel format templates 
                   The use of twinned        and sent via email to the database 
                   holes.                    manager. Files were imported into 
                   Documentation of          Datashed via configured importers 
                   primary                   and passed through stringent validation. 
                   data, data entry          Validation included: 
                   procedures,               -- Logging codes checked against approved 
                   data verification,        code lists 
                   data storage (physical    -- Interval overlaps and gaps 
                   and electronic)           -- Records beyond end-of-hole. 
                   protocols.                All digital files received were archived 
                   Discuss any adjustment    on the workstation hosting the database. 
                   to assay data.            This was located on site with the 
                                             database manager. Scheduled daily 
                                             backups of the database and file archive 
                                             were made to a NAS solution located 
                                             at the same site. Nightly scheduled 
                                             offsite backups were conducted to 
                                             a verified backup service provider. 
                                             All offsite backups are encrypted. 
                                             Overall, the drilling, logging, sampling, 
                                             assaying and QAQC procedures are considered 
                                             to be consistent with industry standard 
                                             practice. 
                                             No adjustments or calibrations were 
                                             made to any assay data used in this 
                                             estimate. 
Location           Accuracy and quality     Grid System: WGS84 UTM zone 29N (EPSG: 
 of data           of surveys used to        32629) 
 points            locate drillholes         All surface survey features were surveyed 
                   (collar                   with a LEICA GS18-T RTK differential 
                   and downhole surveys),    global positioning system (GPS) to 
                   trenches, mine workings   within a proven accuracy of 30 cm; 
                   and other locations       Cora conducted the differential GPS 
                   used in Mineral           work. 
                   Resource                  A large number of well distributed 
                   estimation.               ground control points and features 
                   Specification of the      were used for the TERRABOTICS satellite 
                   grid system used.         survey. All points were set-out or 
                   Quality and adequacy      picked-up using CG-LEICA. 
                   of topographic control.   TERRABOTICS UK produced a site specific 
                                             139 km(2) digital terrain model (DTM) 
                                             with 0.3 m RL accuracy using tasked 
                                             MAXAR orthorectified WV3 imagery flown 
                                             in November-December 2020. The DTM 
                                             was provided in February 2021 and 
                                             utilised throughout the latest drill 
                                             program from March to August 2021. 
                                             The TERRABOTICS DTM proved accurate 
                                             from ongoing survey work to be within 
                                             30-50 cm RL. Differential GPS easting 
                                             and northing showed better resolution. 
                                             The TERRABOTICS DTM is an acceptable 
                                             topographic model for Sanankoro which 
                                             defines the surface relief and maps 
                                             the artisanal pits across the 139 
                                             km(2) area of interest accurately. 
                                             The WV3 imagery maps the full cadastral 
                                             and natural features across the project 
                                             area. 
                                             The 2022 drilling utilised a WELLFORCE 
                                             CHAMP north-seeking gyro throughout 
                                             and every drilled RC hole has a detailed 
                                             gyro DTH survey file. Historically, 
                                             DTH surveys were conducted, used a 
                                             REFLEX EZ-TRAC. 
Data spacing       Data spacing for         The nominal drillhole collar spacing 
 and distribution  reporting                 is 50 m x 25 m and 50 m x 50 m. 
                   of Exploration Results.   Due to the orientation of drill traces 
                   Whether the data          on section, data between drillholes 
                   spacing                   can be spaced as close as 10 m in 
                   and distribution is       places. 
                   sufficient to establish   At this stage, no assessment of geological 
                   the degree of             and grade continuity has been conducted. 
                   geological 
                   and grade continuity 
                   appropriate for the 
                   Mineral Resource and 
                   Ore Reserve estimation 
                   procedure(s) and 
                   classifications 
                   applied. 
                   Whether sample 
                   compositing 
                   has been applied. 
Orientation        Whether the orientation  The bulk of the drilling is orientated 
 of data           of sampling achieves      090deg or 270deg orthogonal to the 
 in relation       unbiased sampling of      strike of the mineralised domains. 
 to geological     possible structures       Structural logging based on oriented 
 structure         and the extent to which   core indicates that the main mineralisation 
                   this is known,            controls are +/-20deg from 000 north 
                   considering               and largely perpendicular to drill 
                   the deposit type.         direction. 
                   If the relationship       No orientation-based sampling bias 
                   between the drilling      has been identified in the dataset. 
                   orientation and the 
                   orientation of key 
                   mineralised structures 
                   is considered to have 
                   introduced a sampling 
                   bias, this should be 
                   assessed and reported 
                   if material. 
Sample             The measures taken       The full chain of custody is managed 
 security          to ensure sample          by Cora. Samples collected daily from 
                   security.                 the rigs and transported to the central 
                                             bag farm and sample processing area 
                                             next to the main Sanankoro camp where 
                                             the bulk samples are logged, split 
                                             and prepared for onward transport 
                                             to the various labs. 
                                             The samples are stored on site and 
                                             a truck collects available samples 
                                             weekly and transports them to Cora 
                                             Gold office in Bamako for registration 
                                             and verification prior to onward delivery 
                                             to ALS Ouagadougou. 
                                             The labs sign sample submissions as 
                                             evidence of receipt. 
                                             Completed assay files and pdf certificates 
                                             were distributed to the approved recipients 
                                             by Lab LIMS. Assay files were imported 
                                             as received to Datashed and then archived 
                                             on the workstation hosting the database. 
                                             Database management software used 
                                             is DATASHED version 4.6.4.2 with DB 
                                             version 4.6.5 with MSSQL Server SQL2017 
                                             backend. 
Audits             The results of any       Cora's Head of Exploration at the 
 or reviews         audits or reviews of     time visited each of the labs in November 
                    sampling techniques      and December 2020 before signing contracts. 
                    and data.                No issues were identified during the 
                                             visit. 
 

Section 2: Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section)

 
Criteria           JORC Code explanation             Commentary 
Mineral            Type, reference name/number,      The Sanankoro Gold Project (area 341.87 
 tenement           location and ownership            km(2) ) is located in the Yanfolila 
 and land           including agreements              Gold Belt of southern Mali. The Sanankoro 
 tenure status      or material issues                Gold Project comprises five contiguous 
                    with third parties                gold exploration permits, being Bokoro 
                    such as joint ventures,           II (area 63.1 km(2) ; expiry date 
                    partnerships, overriding          25 August 2023), Bokoro-Est (area 
                    royalties, native title           100 km(2) ; expiry date 18 September 
                    interests, historical             2028), Dako II (area 44.66 km(2) ; 
                    sites, wilderness or              expiry date 31 December 2027), Kodiou 
                    national park and environmental   (area 50 km(2) ; expiry date 15 May 
                    settings.                         2023), and Sanankoro II (see below). 
                    The security of the               The Definitive Feasibility Study is 
                    tenure held at the                focused on Mineral Resources within 
                    time of reporting along           the Sanankoro II gold exploration 
                    with any known impediments        permit. 
                    to obtaining a license            In accordance with the 2019 Mining 
                    to operate in the area.           Code of the Republic of Mali, the 
                                                      84.11 km(2) Sanankoro II gold exploration 
                                                      permit was awarded to Cora Resources 
                                                      Mali SARL on 2 March 2021 (Arrêté 
                                                      no. 2021-0590-MMEE/SG). Cora Resources 
                                                      Mali SARL is registered in the Republic 
                                                      of Mali. The duration of the permit 
                                                      is three years, renewable twice at 
                                                      the holder's request, the duration 
                                                      of each renewal period is extended 
                                                      to three years - as such, the full-term 
                                                      expiry date of the Sanankoro gold 
                                                      exploration permit is 2 March 2030. 
                                                      Cora Resources Mali SARL is a wholly 
                                                      owned subsidiary of Sankarani Ressources 
                                                      SARL which in turn is a 95% subsidiary 
                                                      of Cora Gold Limited. Sankarani Ressources 
                                                      SARL is registered in the Republic 
                                                      of Mali. Cora Gold Limited is registered 
                                                      in the British Virgin Islands. The 
                                                      residual 5% interest in Sankarani 
                                                      Ressources SARL may be acquired from 
                                                      a third party for the sum of US$1 
                                                      million. In addition, the Sanankoro 
                                                      II permit is subject to a third party 
                                                      1% net smelter return (NSR) royalty. 
                                                      All fees due to the government in 
                                                      respect of the Sanankoro II gold exploration 
                                                      permit have been paid and the permit 
                                                      is in good standing. 
                                                      A gold exploration permit over the 
                                                      same area as that covered by the Sanankoro 
                                                      II gold exploration permit was previously 
                                                      held by Sankarani Ressources SARL. 
                                                      This permit expired on 1 February 
                                                      2020, having been initially awarded 
                                                      on 1 February 2013. 
Exploration        Acknowledgment and                Exploration activities on the original 
 done by            appraisal of exploration          Sanankoro permit by previous workers 
 other parties      by other parties.                 have included geological mapping, 
                                                      rock chip sampling, termite sampling, 
                                                      trench sampling geophysical surveys 
                                                      and surface drilling - auger, RAB, 
                                                      AC, RC, and DC. 
                                                      There were two previous companies 
                                                      who conducted work at Sanankoro, i.e. 
                                                      Randgold Resources Ltd (Randgold) 
                                                      between 2004 and 2008 and Gold Fields 
                                                      between 2008 and 2012. 
                                                      During 2004 to 2008, Randgold conducted 
                                                      successive programs of soils and termites 
                                                      geochemical sampling on iterative 
                                                      500 m, 200 m and 100 m grids. Broad 
                                                      blocks of gradient array induced polarisation 
                                                      (IP) were completed to assist drill 
                                                      targeting on the broad regional-scale 
                                                      surface anomalies. They drilled broad 
                                                      spaced 400 m x 100 m auger and RAB 
                                                      fences in search for bedrock targets. 
                                                      During 2008 to 2012, Gold Fields conducted 
                                                      infill soils and termite sampling 
                                                      down to 100 m x 25 m resolution. They 
                                                      conducted large blocks of regional 
                                                      gradient array IP and three main phases 
                                                      of drilling ranging from 400 m x 100 
                                                      m RAB with follow-up AC down to 
                                                      50 m x 25 m RC and RC with DC tails, 
                                                      dependent upon results discovered. 
                                                      Cora acquired the Sanankoro Permit 
                                                      in April 2017 and started exploration 
                                                      termite sampling in May 2017. Chris 
                                                      Barrett SRK UK - Principal Exploration 
                                                      Geologist visited Sanankoro from 27 
                                                      to 30 March 2017 to bless the deal. 
                                                      SRK UK, however, never returned to 
                                                      site to do any Competent Person due 
                                                      diligence for the 2019 MRE, due to 
                                                      security concerns. 
Geology            Deposit type, geological          Sanankoro is located on the leading 
                    setting, and style                western edge of the Yanfolila-Kalana 
                    of mineralisation.                Volcanic Belt, which is the western-most 
                                                      expression of the cratonic Baoulé-Mossi 
                                                      domain, on the major transcrustal 
                                                      margin with the Siguiri Basin. There 
                                                      is major deep-seated architecture 
                                                      across the district which links the 
                                                      major gold mines at Siguiri, Lero, 
                                                      Tri-K, Kalana and Yanfolila. 
                                                      On a project scale, Sanankoro is characterised 
                                                      by the 2 km wide Sanankoro Shear Zone, 
                                                      which can be traced over 30 km from 
                                                      Kabaya South in the western Yanfolila 
                                                      Mine to north of the Niger River beyond 
                                                      Selin and onto Karan. Within the project 
                                                      area, each of the prospects are underpinned 
                                                      by a strong linear parallel, and where 
                                                      strong mineralisation is developed, 
                                                      a pronounced localised northeast-southwest 
                                                      focused zone of en-echelon veining 
                                                      and associated sulphide development. 
                                                      There are five main areas which currently 
                                                      define the Sanankoro Gold project, 
                                                      which in order of significance are 
                                                      Selin, Zone A, Zone B, Zone B North, 
                                                      and Zone C. 
                                                      Selin is hosted on the eastern margin 
                                                      of the Sanankoro Shear Zone in the 
                                                      north-eastern corner of the Sanankoro 
                                                      permit. The Selin deposit has a typical 
                                                      interference node control but with 
                                                      the additional positive impact of 
                                                      a strong, rheological diorite intrusive 
                                                      host. The gold geology at Selin is 
                                                      anchored along this linear, en-echelon 
                                                      or possibly folded, diorite igneous 
                                                      intrusive which cores the volcaniclastic 
                                                      thrust assemblage and focuses the 
                                                      gold deposition. 
                                                      Recent core drilling into Selin has 
                                                      enlightened the genetic model for 
                                                      this resource deposit by discovering 
                                                      four to six multiple early/pre-D3 
                                                      dykes of diorite intruding the 65-80deg 
                                                      west dipping axial trace of a western 
                                                      hangingwall F3 anti-form on this major 
                                                      reactivated D2 east-verging thrust. 
                                                      The >100 m wide Selin Shear Zone may 
                                                      be a regional back-thrust and the 
                                                      dominant eastern margin of the regional 
                                                      west-verging Sanankoro Thrust. The 
                                                      largest diorite unit is demonstrably 
                                                      discordant and sits immediately west 
                                                      and adjacent to a major early ductile, 
                                                      10-30 m wide footwall carbonaceous 
                                                      shear. Progressive deformation has 
                                                      folded, warped and possibly cross-faulted 
                                                      the diorite units prior to gold deposition. 
                                                      The early footwall shear fabrics are 
                                                      overprinted by later semi-brittle 
                                                      to brittle graphitic faults which 
                                                      locally convert all protolith to graphitic 
                                                      schist on sub-metre scale. The diorite 
                                                      units exhibit multi-phase veining 
                                                      interference and sulphide development. 
                                                      The dominant sulphide is pyrite with 
                                                      occasional arsenopyrite and a scattering 
                                                      of chalcopyrite. Alteration minerals 
                                                      are predominantly sericite, silica, 
                                                      fuchsite, ankerite, graphite and calcite. 
                                                      Zone A shores up the southern limit 
                                                      of the 11.5 km mineralised corridor, 
                                                      which forms the backbone to the Sanankoro 
                                                      Project. Zone A is the southern-most 
                                                      expression of the 010deg trending 
                                                      central axis of the Sanankoro Shear 
                                                      Zone, which sits 900 m west of the 
                                                      Selin Boundary Shear and hosts the 
                                                      5.8 km chain of open pit resources 
                                                      from Zone A through Zone B1, B2, B3 
                                                      to Target 3. The deposits of this 
                                                      central trend verge westward mimicking 
                                                      the regional sense of thrusting. 
                                                      Zone B is the strike extension of 
                                                      Zone A, located 800 m to the north. 
                                                      The Sanankoro Main Trend runs for 
                                                      6 km from south end of Zone A to the 
                                                      north end of Target 3. Detailed sectional 
                                                      drilling is required along the length 
                                                      of this major generative gold system. 
                                                      The local structural facing and stratigraphy 
                                                      of Zone B is very similar to Zone 
                                                      A with the western footwall sequences 
                                                      hosting more crystalline volcanic 
                                                      tuffaceous units and the eastern, 
                                                      hangingwall assemblages being more 
                                                      basinal sediments. Zone B hosts an 
                                                      impressive scale of hydrothermal activity 
                                                      and the broad horizontal widths of 
                                                      mineralisation observed in the recent 
                                                      drilling bodes well for future discovery 
                                                      potential along the central and southern 
                                                      sections of the Sanankoro Main Shear 
                                                      Zone. 
                                                      Zone C is located 650 m southwest 
                                                      of Zone A on the parallel, >7 km long 
                                                      Sanankoro West Shear Zone (SWSZ) which 
                                                      can be traced along a chain of surface 
                                                      workings to the Excavator Prospect, 
                                                      1.5 km north-northwest of Target 3. 
                                                      The SWSZ is high in the priority list 
                                                      for drilling in the 2022 program and 
                                                      a number of SWSZ targets, beyond Zone 
                                                      C, will be tested for surface potential. 
                                                      Zones A, B and C deposits are identical 
                                                      in style and typical of Siguiri Basin 
                                                      deposits, fold-thrust controlled within 
                                                      pelitic and psammitic sediments and 
                                                      very deeply weathered (>120 m from 
                                                      surface). There is a highly evolved 
                                                      weathering profile with a pronounced 
                                                      8-10 m thick duricrust-laterite ferro-cap, 
                                                      grading downward into a well-developed 
                                                      mottled zone to 20-25 m depth and 
                                                      remains highly weathered until beyond 
                                                      140 m vertically within the central 
                                                      mineralised fault zone. Zone B1 has 
                                                      extremely deep weathering with shallow 
                                                      oxide densities measured to depths 
                                                      of 190 m down-dip within the ore zone 
                                                      trough. 
                                                      All the host oxide lithologies are 
                                                      weathered to kaolin with only highly 
                                                      corroded quartz vein material remaining 
                                                      in-situ to mark the main gold faults. 
                                                      Diamond core shows the host lithologies 
                                                      to be predominantly variably grained 
                                                      basinal pelites and sandstones with 
                                                      minor horizons of small quartz clast, 
                                                      matrix-supported greywacke inter-bedded 
                                                      within the sequence. A minor intercept 
                                                      of diorite has been identified but 
                                                      does not form an important control 
                                                      to the mineralisation currently drill 
                                                      tested at Zone A or C. The primary 
                                                      sulphide is pyrite disseminated around 
                                                      central vein networks and enveloped 
                                                      by a broader hydrothermal halo of 
                                                      silica flooding, sericite and ankerite. 
Drillhole          A summary of all information      Significant intercepts that form the 
 information        material to the understanding     basis of the MRE have been released 
                    of the exploration                to the AIM in previous announcements 
                    results including a               (available on the Cora website) with 
                    tabulation of the following       appropriate tables incorporating Hole, 
                    information for all               Easting, Northing, From, Depth and 
                    Material drillholes:              Intercept Assay Data. 
                    -- easting and northing           Appropriate maps and plans accompany 
                    of the drillhole collar           these Exploration Results. 
                    -- elevation or RL                Previous drilling completed by Cora, 
                    (Reduced Level - elevation        Gold Fields and Randgold is documented 
                    above sea level in                herein and in the publicly available 
                    metres) of the drillhole          report "Sanankoro Gold Project, Mineral 
                    collar                            Resource Estimate" prepared by CSA 
                    -- dip and azimuth                Global UK and dated January 2022. 
                    of the hole                       A complete listing of all drillhole 
                    -- downhole length                details is not necessary for this 
                    and interception depth            release which describes the intersections 
                    -- hole length.                   of the latest drill programme. In 
                    If the exclusion of               the Competent Person's opinion the 
                    this information is               exclusion of this data does not detract 
                    justified on the basis            from the understanding of the Exploration 
                    that the information              results contained herein. 
                    is not Material and               The 2021 programme twinned important 
                    this exclusion does               historical Goldfields and early Cora 
                    not detract from the              Gold, smaller diameter, AC and RC 
                    understanding of the              intercepts. Historical Energold DD 
                    report, the Competent             NQ core holes exhibited sections of 
                    Person should clearly             unacceptably poor recoveries, especially 
                    explain why this is               in the deeply oxidised deposits of 
                    the case.                         Zone A and Zone B1, which were twinned 
                                                      using the deep RC rig. 
Data aggregation   In reporting Exploration          All RC intersections are sampled and 
 methods            Results, weighting                assayed on 1 m intervals but could 
                    averaging techniques,             be composited up to 4 m in areas interpreted 
                    maximum and/or minimum            to be barren. 
                    grade truncations (e.g.           Significant intercepts have previously 
                    cutting of high grades)           been reported using a cut-off grade 
                    and cut-off grades                of 0.5 g/t, without top cuts. 
                    are usually Material              Mineralised intervals are reported 
                    and should be stated.             with a maximum of 3 m of consecutive 
                    Where aggregate intercepts        internal dilution of less than 0.5g/t 
                    incorporate short lengths         Au. Mineralised intervals are reported 
                    of high grade results             on a length-weighted average basis. 
                    and longer lengths                No metal equivalents are reported. 
                    of low grade results, 
                    the procedure used 
                    for such aggregation 
                    should be stated and 
                    some typical examples 
                    of such aggregations 
                    should be shown in 
                    detail. 
                    The assumptions used 
                    for any reporting of 
                    metal equivalent values 
                    should be clearly stated. 
Relationship       These relationships               The orientation of the mineralised 
 between            are particularly important        zone has been established and majority 
 mineralisation     in the reporting of               of the drilling was planned to intersect 
 widths and         Exploration Results.              the mineralised structures orthogonally 
 intercept          If the geometry of                or as close as practicable. 
 lengths            the mineralisation                Existing artisanal workings, buildings, 
                    with respect to the               sacred sites and drainage sometimes 
                    drillhole angle is                created obstacles which prevented 
                    known, its nature should          perfect intersection and some holes 
                    be reported.                      were required to be drilled at less-than-ideal 
                    If it is not known                orientations. 
                    and only the downhole             For the bulk of drillholes, site preparations 
                    lengths are reported,             were carried out and 
                    there should be a clear           35 m x 25 m drill spacing applied 
                    statement to this effect          and acceptable intersection orientations 
                    (e.g. 'downhole length,           were achieved. 
                    true width not known'). 
Diagrams           Appropriate maps and              The appropriate plans and sections 
                    sections (with scales)            are included in this document. 
                    and tabulations of 
                    intercepts should be 
                    included for any significant 
                    discovery being reported 
                    These should include, 
                    but not be limited 
                    to a plan view of drill 
                    hole collar locations 
                    and appropriate sectional 
                    views. 
Balanced           Where comprehensive               All grades, high and low, are reported 
 reporting          reporting of all Exploration      accurately with "from" and "to" depths 
                    Results is not practicable,       and "hole identification" shown. 
                    representative reporting 
                    of both low and high 
                    grades and/or widths 
                    should be practiced 
                    to avoid misleading 
                    reporting of Exploration 
                    Results. 
Other substantive  Other exploration                 Detailed metallurgical test work has 
 exploration        data, if meaningful               been carried out as part of a previous 
 data               and material, should              scoping study. Testwork shows that 
                    be reported including             the material is amenable to conventional 
                    (but not limited to):             crushing, grinding, gravity and carbon-in-leach 
                    geological observations;          processing. Oxide recoveries have 
                    geophysical survey                been determined to be >95%. An updated 
                    results; geochemical              metallurgical variability testwork 
                    survey results; bulk              program is ongoing at ALS Perth. 
                    samples - size and                1.068 detailed dry bulk density determinations 
                    method of treatment;              were conducted on all 2021 drilled 
                    metallurgical test                core. 589 detailed UCS point load 
                    results; bulk density,            determinations were conducted on all 
                    groundwater, geotechnical         drilled fresh core. Detailed geotechnical 
                    and rock characteristics;         logging and analysis was conducted 
                    potential deleterious             on all drill core. 
                    or contaminating substances.      Detailed regional exploration programs 
                                                      continue to generate new drill targets 
                                                      which will feed into potential Mineral 
                                                      Resource growth. 
Further            The nature and scale              Detailed ESIA studies commenced in 
 work               of planned further                Q2 2020 and stakeholder engagement 
                    work (e.g. tests for              meetings conducted throughout the 
                    lateral extensions                period to date. 
                    or depth extensions               A program of detailed hydrology and 
                    or large-scale step-out           civils geotechnical drilling is planned 
                    drilling).                        for water management, tailings storage 
                    Diagrams clearly highlighting     facility and plant sites. 
                    the areas of possible             Detailed variability metallurgical 
                    extensions, including             testwork is planned at ALS Perth to 
                    the main geological               support further studies. 
                    interpretations and               Detailed open pit and civils geotechnical 
                    future drilling areas,            studies are planned to support further 
                    provided this information         studies. 
                    is not commercially               Detailed hydrology studies are planned. 
                    sensitive.                        Additional Mineral Resource, Ore Reserve 
                                                      and grade control pattern drilling 
                                                      is planned to update designs prior 
                                                      to commencement of mining. 
 

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