Cora Gold Ltd. · LSE:CORA
Cora Gold — Investor Presentation (February 2018)
21 slides from Cora Gold's investor presentation, Feb 1, 2018
Slide 1: Corporate Presentation Q1 2018
Corporate Presentation Q1 2018 Cora Gold | Investor Presentation | Q1 2018
Slide 2: Disclaimer
1 Disclaimer This presentation & any additional documents handed out at the meeting (together the "Presentation Materials") are being provided to a limited number of parties who may be interested in acquiring an interest (the "Investor Interest") in Cora Gold Limited (the "Company"). The purpose of
Slide 3: Discovering the Next Major West African Gold Mine
2 DISCOVERING THE NEXT MAJOR WEST AFRICAN GOLD MINE Cora Gold | Investor Presentation | Q1 2018
Slide 4: Investment Opportunity
3 Investment Opportunity Gold in West Africa “… a successful team with a high-quality gold exploration portfolio, and a focus on the Sanankoro Gold Discovery …” • Proven team with extensive African expertise • Gold portfolio in Mali & Senegal • Over 1,500 km2 land holdings • Portfolio with substanti
Slide 5: Established in Prominent Mali Gold Belts
4 Established in Prominent Mali Gold Belts Prospective targets awaiting follow-up Kenieba Window, West Mali Yanfolila Belt, South Mali Cora Gold | Investor Presentation | Q1 2018
Slide 6: Sanankoro: A highly prospective discovery
5 Sanankoro: A highly prospective discovery Extensive multiple gold zones give large scale potential Historic, broad spaced shallow reconnaissance drilling is being followed up by deeper, systematic drilling Yanfolila Belt, South Mali Sanankoro Gold Discovery • Approximately US$10 million spent by p
Slide 7: Sanankoro: Zones A and B
6 Sanankoro: Zones A and B Systematic historical drilling of only 1.6km of >15km potential gold zones Highlighting continuity of mineralisation at 0.5g/t cut-off Cora Gold | Investor Presentation | Q1 2018
Slide 8: 2018 Sanankoro Exploration Programme
7 2018 Sanankoro Exploration Programme 15,000m drill programme to expand mineralised footprint N-S aligned quartz stockwork zones • Drill programme commenced at Sanankoro in December 2017 focussed on priority targets: • Stage 1 - Target 1: • Recce RC on fences 320m apart over 1,500m strike, plus ste
Slide 9: Sanankoro Target 1
8 Sanankoro Target 1 A new 1.2km gold discovery • 27 drill holes completed at Sanankoro Target 1 • Remains open at north, south and at depth • Impressive assays from the initial RC/AC programme include: • 17 metres @ 5.43g/t from 67 metres downhole • 11 metres @ 5.24g/t from 4 metres downhole • 20 m
Slide 10: Sanankoro Target 1
9 Sanankoro Target 1 Potential to increase strike to more than 3,000m Cora Gold | Investor Presentation | Q1 2018
Slide 11: Sanankoro: Artisanal mining
10 Sanankoro: Artisanal mining Extensive artisanal workings confirm continuity of mineralisation Above: SRK (CPR) site visit March 2017 - Sanankoro artisanal workings Cora Gold | Investor Presentation | Q1 2018 Above: Sanankoro artisanal workings as at January 2017
Slide 12: Sanankoro: Zones A, B and C
11 Sanankoro: Zones A, B and C • Stage 2 drilling underway with 4,000m of combined RC/AC and 500m of diamond core focusing on Sanankoro Zones A, B and C • Significant scale of zones still awaiting follow up Cora Gold | Investor Presentation | Q1 2018
Slide 13: Yanfolila Gold Belt, South Mali
12 Yanfolila Gold Belt, South Mali Multiple drill targets to follow up, & discoveries to be made … Permits in the Yanfolila Gold Belt showing drill targets Cora Gold | Investor Presentation | Q1 2018
Slide 14: Yanfolila Gold Belt Projects, South Mali
13 Yanfolila Gold Belt Projects, South Mali Tagan; Siranikele; Farassaba III; Tekeledougou; Winza • Historical reconnaissance drilling completed at Tagan, Siranikele, Farassaba III • Intercepts include: • Tagan: 30m @ 1.6 g/t Au • Siranikele: 18m @ 4.3 g/t Au • Farassaba III: 4m @ 2.6 g/t Au • New,
Slide 15: Kenieba Window, West Mali
14 Kenieba Window, West Mali Diangounte & Madina Fulbe Projects Over past two decades more than 50Moz Au discovered across 12 gold project areas AngloGold Ashanti-IAMGOLD’s Sadiola Mine, Mali Cora Gold | Investor Presentation | Q1 2018 Source: Photo: http://www.miningeducation.com/2015/09/anglogold-
Slide 16: Timeline & Exploration Strategy
15 Timeline & Exploration Strategy 2017 2018 Project Timetable Q3 Q4 Q1 Q2 Q3 Exploration Strategy Sanankoro Project Area Phase 1 Surface mapping/sampling Exploration drilling 15,000m exploration drilling Ground geophysics programme prioritising Project evaluation & planning expansion of Sanankoro G
Slide 17: Peer Comparisons: Market Capitalisation
16 Peer Comparisons Early-stage Pre-Resource Defined Resources Development Production Exploration Drilling $85 $144 $200 $119 $129 $243 80 Market Capitalisation US$ millions 70 60 50 40 30 20 10 0 Predictive Ashanti Gold Cora Gold Volcanic Gold Algold Apollo Amani Gold Oklo Orezone Cardinal Avnel Go
Slide 18: A Team to Deliver
Board Members 17 A Team to Deliver Geoff McNamara Significant African experience Chairman +12 years Mining Finance Jon Forster Chief Executive Officer +35 years exploring in Africa Bert Monro Non-Executive Director +8 years operating in Africa Paul Quirk Non-Executive Director +10 years operating in
Slide 19: Corporate Summary
18 Corporate Summary Market AIM Ticker CORA.L Market capitalisation ~£9.34 million Shares in issue 54,975,394 Current cash position £2.2 million Nominated Adviser Allenby Capital Joint Brokers Mirabaud Securities / Beaufort Securities Significant Shareholders Hummingbird Resources plc 33.85% * Direc
Slide 20: Investment Case
19 Investment Case Objective - To create value by turning: Sanankoro discovery into a mine; & targets into discoveries High-quality • Three project areas gold • Over 1,500 km² in investor-friendly Mali/Senegal portfolio • Multiple gold targets with drill intercepts Managed by • Board & management ha
Slide 21: Contact: Jon Forster, CEO; Craig Banfield, CFO
Jon Forster, CEO [email protected] Craig Banfield, CFO [email protected] coragold.com Cora Gold | Investor Presentation | Q1 2018