Name of the Project
Sanankoro gold project.

Location
Yanfolila gold belt, Mali.

Project Owner/s
West Africa-focused gold miner Cora Gold.

Project Description
The  Sanankoro project has the potential to be a highly profitable standalone oxide mine.

The November 2022 definitive feasibility study (DFS) proposed a 56 000 oz/y operation with a life-of-mine (LoM) of 6.8 years.

LoM production is estimated 380 000 oz.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Under the November 2022 DFS, the project has a pretax net present value, at an 8% discount rate, of $135.8-million at $1 750/oz and an internal rate of return of 62%, with a payback of 1.2 years from the start of operations.

Capital Expenditure
Preproduction capital expenditure is estimated at $90-million.

Planned Start/End Date
Not stated.

Latest Developments
Cora Gold has appointed DRA Global group company New Senet to oversee an updated definitive feasibility study (DFS).

The updated DFS, as well as updated ore reserves, will reflect the successful delineation of an enhanced one-million-ounce mineral resource estimate and processing optimisation studies that are under way.

The study is also expected to significantly enhance Sanankoro's already strong cash flow projections, reported in the November 2022 DFS, which was based on a gold price of $1 750/oz.

Cora says the updated DFS underpins its commitment to maximising the development potential of the project and ensuring operational readiness after the completion of the study.

Cora is also focused on completing permitting and financing as quickly as possible to expedite mine construction.

The updated DFS is expected this year.

Key Contracts, Suppliers and Consultants
DRA Global group company New Senet (updated feasibility study).

Contact Details for Project Information
Cora Gold, email info@coragold.com.