4th May 2020 14:13
(Alliance News) - Cora Gold Ltd on Monday said it will undertake an environmental and social impact assessment for the Sanankoro gold project located in southern Mali.
"The collection of baseline data for the environmental and social impact assessment has already commenced. Deliverables will include specialist studies, ranging from ecological, water and social studies, a conceptual closure and rehabilitation plan, a stakeholder engagement process, a resettlement policy framework and a community development plan," Cora said.
The west Africa-focused gold company has appointed environmental consultants Digby Wells Environmental to undertake the assessment on Sanankoro project.
Cora plans to deliver a definitive feasibility study on Sanankoro before the end of 2021, upon successful completion of resource growth. A scoping study on the project estimated an 84% internal rate of return at a USD1,400 gold price.
The exploration permit for the Sanankoro project expired on February 1, but Cora expects an award of a new permit in due course once the due process has been completed.
Shares in Cora were up 2.7% at 5.65 pence each in London on Monday afternoon.
By Tapan Panchal; [email protected]
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