Cora Gold Ltd. · LSE:CORA
Cora Gold — Investor Presentation (May 2018)
21 slides from Cora Gold's investor presentation, May 10, 2018
Slide 1: Corporate Presentation Q2 2018
Corporate Presentation Q2 2018 Cora Gold | Investor Presentation | Q1 2018
Slide 2: Disclaimer
1 Disclaimer The information being released by the Cora Gold Limited (the "Company") today & attached to the RNS (the “Materials”) are being released to provide additional information with respect to the business of the Company. The Materials are not intended to form, & shall not be treated as, the
Slide 3: Discovering the Next Major West African Gold Mine
DISCOVERING THE NEXT MAJOR WEST AFRICAN GOLD MINE Cora Gold | Investor Presentation | Q2 2018
Slide 4: Key Elements
3 3 Key Elements 1. Large gold discovery: Sanankoro • 14km strike length • High grade assays up to 35.7g/t Au • Potential standalone mine • +1Moz potential 2. Multiple permits surrounding existing mines in Mali & Senegal • Drill-ready prospects • Potential to fast-track cash flow Proven team 3. • +2
Slide 5: Overview: Who is Cora Gold?
4 Overview Who is Cora Gold? AIM listed gold exploration company Project portfolio totalling 1,500km2 in with a world-class team focussed on Mali and Senegal in close proximity to productive gold belts in West Africa operating mines Multiple drill-ready targets, follow up Sanankoro Gold Discovery: M
Slide 6: A Team to Deliver
Board Members 5 A Team to Deliver Geoff McNamara Chairman Significant African experience: +12 years Mining Finance +25 years in Africa Jon Forster >8Moz of gold discoveries Chief Executive Officer +35 years exploring in Africa Bert Monro Non-Executive Director +8 years operating in Africa Paul Quirk
Slide 7: Key Data
6 Market AIM Key Data Ticker Market capitalisation CORA.L ~£7.97 million Shares in issue 54,975,394 Significant newsflow since IPO in Q4 2017: Nominated Adviser Allenby Capital Broker Mirabaud Securities 9 Oct 2017 – IPO on AIM raising £3.45 million 11 Oct 2017 – Director Dealings – Geoff McNamara (
Slide 8: Established in Prominent Mali Gold Belts
7 Established in Prominent Mali Gold Belts Prospective targets awaiting follow-up Kenieba Window, West Mali Yanfolila Belt, South Mali Cora Gold | Investor Presentation | Q2 2018
Slide 9: Sanankoro: A Highly Prospective Discovery
8 Sanankoro Project: Mali A Highly Prospective Extensive multiple gold zones give large scale potential: Discovery targeting a +1 million ounce standalone mine Yanfolila Belt, South Mali Sanankoro Gold Discovery • Historic, broad spaced shallow drilling being followed up by deeper, systematic infill
Slide 10: Sanankoro Stage 1
9 Sanankoro Stage 1 Target 1 Initial drill programme confirmed a new gold discovery • 27 drill holes completed at Target 1 with potentially economic • Open North, South and at depth widths and grades over an area of at least 1.2km length • Potential to increase strike >3km • Initial RC/AC assays inc
Slide 11: Sanankoro Stage 2: Large Mineralised Structures Confirmed
10 Sanankoro Stage 2 Large Mineralised Structures Confirmed Sanankoro Structure Bokoro Structure Zone A-B Zone C Drilling confirmed continuous Drilling confirmed continuous mineralised structures over 3.6km mineralised structures over 900m to a depth of 100m to a depth of 80m • Assay highlights: • A
Slide 12: Sanankoro: Mineralised Structures
Drill rig at Sanankoro Coarse visible gold panned from 11 Q1 2018 multiple holes Cora Gold | Investor Presentation | Q2 2018 Sanankoro Gallery Recently identified E-W cross cutting N-S aligned quartz stockwork zones mineralised structures
Slide 13: Sanankoro: Artisanal Mining
12 Sanankoro: Artisanal mining Extensive artisanal workings confirm continuity of mineralisation Above: SRK (CPR) site visit March 2017 - Sanankoro artisanal workings Cora Gold | Investor Presentation | Q2 2018 Above: Sanankoro artisanal workings as at January 2017
Slide 14: Yanfolila Gold Belt, South Mali
13 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 | Q2 2018
Slide 15: Yanfolila Gold Belt Projects, South Mali
14 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 • Two n
Slide 16: Tekeledougou Discovery
15 Tekeledougou “Significant potential to extend these wide structures well beyond the already Discovery identified footprint which, if consistently mineralised, could lead to a large gold deposit.” • 17 holes completed in 2,000m of RC drilling Woyoni Discovery Kouroudian Discovery • Two new large-s
Slide 17: Kenieba Window, West Mali
16 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 Source: Photo: http://www.miningeducation.com/2015/09/anglogold-ashanti-operations-and.html Cora Gold | Inve
Slide 18: Highly Active Work Programme Timeline
17 Highly Active Work Programme Timeline Sanankoro surface Sanankoro ground Sanankoro project Western Mali mapping/sampling geophysics evaluation and planning* project area exploration Sanankoro exploration Yanfolila project Yanfolila project drilling* drilling commenced area exploration area evalua
Slide 19: Peer Comparisons: Market Capitalisation
18 Peer Comparisons Early-stage Pre-Resource Defined Development Production Exploration Drilling Resources $85 $161 $156 $153 $95 $98 80 Market Capitalisation US$ millions 70 60 50 40 30 20 10 0 Predictive Ashanti Gold Cora Gold Volcanic Gold Algold Apollo Amani Gold Oklo Orezone Cardinal West Afric
Slide 20: Investment Case
19 Investment Case Objective - To create value by turning: Sanankoro discovery into a mine; & targets into discoveries • Three project areas High-quality • Over 1,500 km² in Mali/Senegal gold • Multiple gold targets with drill intercepts • Providing exposure to “safe haven” gold in an unstable world
Slide 21: Contact: Jon Forster, Craig Banfield
Jon Forster, CEO [email protected] Craig Banfield, CFO [email protected] coragold.com @cora_gold Cora Gold | Investor Presentation | Q2 2018