10th Mar 2025 11:24
Cora Gold Ltd - West Africa-focused gold developer - Notes the government of Mali announcing a partial lifting of suspension relating to allocation of mining titles, to be effective this Saturday. The Malian government will receive for processing, among others, applications to renew exploration permits and applications for direct or indirect transfers of operating permits. Cora Gold Chief Executive Officer Bert Monro says: "We welcome this decision by the Mali government and believe it will be a catalyst in re-energising the country's mining industry. As a major contributor to the national economy, mining will continue to be an important driver of Mali's future prosperity, and we are keen for Sanankoro [in southern Mali] to be part of this contribution as soon as possible."
In mid-January, the company had announced a Sanankoro mineral resource estimate with total resources of 31.4 metric tonnes at 1.04 grammes of gold per tonne for about 1.0 million ounces of gold, with the estimate for gold 13% higher than the 2022 estimate of 920,000 ounces of gold.
Current stock price: 4.15 pence each, up 34% on Monday morning in London
12-month change: up sharply from 1.97p at March 11, 2024
By Tom Budszus, Alliance News slot editor
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