Cora Gold Ltd. · LSE:CORA
Cora Gold — Investor Presentation (March 2021)
29 slides from Cora Gold's investor presentation, Mar 1, 2021
Slide 1: Emerging West African Gold Developer
Emerging West African Gold Developer Q1 2021 Corporate Presentation
Slide 2: Disclaimer
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 ba
Slide 3: Overview
Overview Corporate Presentation Q1 2021
Slide 4: Cora Gold – A Summary
Cora Gold – A Summary Advancing Proven Gold Deposits Developing the Sanankoro Gold Project in Southern Mali as well as continued regional exploration across +1,100km² of exploration permits in Mali and Senegal. Attractive Economic Fundamentals Sanankoro´s Scoping Study indicated a 107% IRR and Annua
Slide 5: Project Portfolio
Project Portfolio Portfolio of prospective gold assets across Mali & Senegal, located amongst multiple operational mines KENIEBA WINDOW, WEST MALI YANFOLILA BELT, SOUTH MALI Corporate Presentation Q1 2021 5
Slide 6: A Team to Deliver
A Team to Deliver Track record of discovery & development in Africa (Board info in appendix) Management Team Advisers Bert Monro Craig Banfield CEO & Director CFO & Company Secretary Russell Bradford • +11 years’ experience within the natural • +25 years experience in finance roles in UK and • +30 y
Slide 7: Sanankoro
Sanankoro Corporate Presentation Q1 2021
Slide 8: Sanankoro Project Area
Sanankoro Project Area Key Facts Location Yanfolila Gold Belt, Southern Mali Project Area Five contiguous permits encompassing c.388km² Gold oxide mineralisation to 100m depth Mineralisation and high-grade sulphide mineralisation identified at depth SRK Target Between 1-2Moz gold to a vertical depth
Slide 9: Scoping Study Highlights
Scoping Study Highlights At US$1,500 Gold Price, a 1.5mtpa Heap Leach Mine delivers: (published Q1 2020) 107% Pre-production capex Internal Rate of Return (IRR) US$20.6m Avg Annual Free AISC (US$/oz) Cash Flow US$23.6m US$942 Avg Annual Production Payback period of less than 45,632 ozs 18 months Cor
Slide 10: Scoping Study Overview
Scoping Study Overview 1.5 Mtpa Heap Leach US$1,500 Ore Mined (Mt) 4.2 Strip ratio (waste:ore) 5.9 Grade (g/t) 1.5 Mined gold (Oz) 197,753 Produced Gold (Oz) 138,427 Recovery (%) 70 Avg Production/year (Oz) 45,632 Avg AISC/year (US$/oz) 942 Avg Free Cash Flow/year (US$m) 23.6 IRR (%) 107 NPV (8% dis
Slide 11: 2021 Drill Campaign
2021 Drill Campaign Focused on resource growth and upgrading of existing Inferred resources to Measured & Indicated • Largest single drill programme Cora has ever undertaken – up to 35,000m expected for completion by end of July 2021 • Updated Resource statement to follow once drill programme comple
Slide 12: Previous Drill Results 2019-2020
Previous Drill Results 2019-2020 HIGHLIGHTS of Previous Drill Campaigns: ZONE A SELIN ZONE B 8m @ 3.17 g/t Au from 69m 46m @ 4.48 g/t Au from 49m 31m @ 1.39 g/t Au from 18m 26m @ 2.60 g/t Au from 71m 17m @ 5.10 g/t Au from 37m 11m @ 3.27 g/t Au from 76m 24m @ 2.83 g/t Au from 56m 48m @ 1.91 g/t Au f
Slide 13: Sanankoro Timeline
Sanankoro Timeline Cora is focused to the next field season and continue working towards the completion of a DFS by the end of 2021 Near Term Goals: 2021 2021 2022 Resource Update Definitive Feasibility Commence Study Construction 2021 2021 2022 Drilling ESIA Permitting and Financing Strategy: 1. Co
Slide 14: Sanankoro: Financing
Sanankoro: Financing Sanankoro has been significantly de-risked with financing agreed on competitive terms • US$21m Term Sheet signed June 2020 to More About The Consortium finance the development of Sanankoro The Consortium includes highly experienced and • US$6m Equity Financing successful natural
Slide 15: Regional Projects
Regional Projects Corporate Presentation Q1 2021
Slide 16: Yanfolila Project Area
Yanfolila Project Area KEY FACTS Location Yanfolila Gold Belt, Southern Mali Project Area Four permits encompassing 310km² Tekeledougou Permit • 56m @ 2.2 g/t Au • 17m @ 6.8 g/t Au Targets • 1m @ 35.7 g/t Au Tagan Permit • 43m @ 1.2 g/t Au • 25m @ 1.1 g/t Au Infrastructure 8km from Yanfolila Gold Pl
Slide 17: Kenieba Window
Kenieba Window KEY FACTS Approximately 6.5km southwest of Location Anglogold-Ashanti Sadiola gold mine • Four permits encompassing km² Project Area within the Kenieba Window • RC drill programme commenced at Madina Foulbé • 47m @ 0.63 g/t Au incl. 1m @ 16.4 H1 2020 RC g/t Au Results • 36m @ 0.53 g/t
Slide 18: Corporate
Corporate AT A GLANCE: SIGNIFICANT SHAREHOLDERS Market Cap GBP £16.17m* Quirk Family related 31.60% Lord Farmer (Red Kite founder) 14.32% Share Price 7.88p* Hummingbird Resources 11.36% 52 Week Range 4.25p – 14.80p Olivier Gachoud 3.94% Nomad finnCap Total (inc. Directors & Management) 62.64% Joint
Slide 19: Peer Comparisons
Peer Comparisons Significantly undervalued compared to peers Case Study – Mali oxide project Company Robex Resources 100 90 80 Project Namapala Mine, Mali 70 EV (US$m) 60 Listing CVE Market Cap C$300m 50 40 Stage Production, open pit oxide mine 30 20 936kozs Reserves @ 0.71g/t Stats 10 c.50,000ozs/y
Slide 20: Mali & Senegal
Mali & Senegal At A Glance Key Facts World class gold regions in West Africa • Established, & reliable mining codes • The Yanfolila Gold Belt (south Mali) • Favourable to mining operations & investments • The Kedougou-Kenieba Inlier gold belt (known as the • Numerous active multi-national ‘Kenieba m
Slide 21: Why Invest?
Why Invest? Broad portfolio of gold projects with Sanankoro de-risked with multiple, high potential, drill ready development financing agreed based gold targets in two world class on Scoping Study economics - 107% locations IRR at a US$1,500 gold price Clear strategy with defined Large footprint wit
Slide 22: Appendix
Appendix Corporate Presentation Q1 2021
Slide 23: Board
Board Ed Bowie Paul Quirk Chairman NED • +24 years’ experience within the wider • +10 years operational experience in the natural resources industry Republic of Congo, having worked as Country • started his career with SAMAX Gold in Manager of MPD Congo SA, which listed on Tanzania before going on t
Slide 24: Community Development
Community Development Sanankoro Project Area: Cora works with local communities, contributing to their development by creating aid strategies including: Establishing a kitchen garden creating fresh produce for sale & consumption Providing equipment for a health centre & cleaning equipment for the vi
Slide 25: Scoping Study Technical
Scoping Study Technical Mining Processing • Predominantly free digging oxides • Heap leach favoured over CIL in trade off due to • Limited drill & blast will be required reduced capex • Would be reviewed with resourcegrowth Conservative mining parameters being used: • 1.5Mtpa favoured as optimum pla
Slide 26: Mineral Resource Estimate
Mineral Resource Estimate Completed by SRK & Announced 5 December 2019 • Maiden Resource on the Project • Focus on Oxides • Less than 25% of the 40 linear km mineralisation drilled to date • SRK defined exploration target of 1-2Moz gold to a depth of 100m Mineral Resource Estimate Weathering Resourc
Slide 27: Sanankoro: Selin
Sanankoro: Selin Presence of oxide gold mineralisation of potentially economic grades & widths confirmed across prospect Over 3km of known strike & open in both directions & at depth Oxide starter pits identified Corporate Presentation Q1 2021 27
Slide 28: Sanankoro: Zone A
Sanankoro: Zone A 650m STRIKE LENGTH Drilling indicated continuation of broad zones of shallow, higher-grade mineralisation Results to be used to identify higher grade potential starter pits for future development Corporate Presentation Q1 2021 28
Slide 29: Bert Monro, CEO
Bert Monro, CEO +44 (0) 20 3239 0010 [email protected] www.coragold.com @coragold