Cora Gold Ltd. · LSE:CORA
Cora Gold — Investor Presentation (September 2021)
29 slides from Cora Gold's investor presentation, September 2021
Slide 1: Emerging West African Gold Developer
Emerging West African Gold Developer September 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 Q3 2021 3
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 Q3 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 & Senior Advisers Bert Monro Craig Banfield Russell Bradford CEO & Director CFO & Company Secretary Project Manager • +11 years’ experience within the natural • +25 years experience in financ
Slide 7: Sanankoro
Sanankoro Corporate Presentation Q3 2021 7
Slide 8: Sanankoro Gold Project
Sanankoro Gold Project Key Facts Location Yanfolila Gold Belt, Southern Mali Project Area Five contiguous permits encompassing c.439km² 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: 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 – over 40,000m in total • Updated Resource statement to follow once drill programme complete • Top results from 2021 programme
Slide 10: Sanankoro: Selin
Sanankoro: Selin Drilling has confirmed 550m of mineralised extensions to existing resources – remains open in all directions Positive results from the middle of Selin where there was previously a gap between two pit shells Presence of oxide gold mineralisation of potentially economic grades & width
Slide 11: Sanankoro: Zone A & Zone C
Sanankoro: Zone A & Zone C New drill results at Zones A & C confirm good widths and grade in oxide ore Intercepts confirm the broad >60m horizontal width and good open pit tenor of the Zone A ore body Drilling has highlighted the open pit resource-quality and continuity of the Zone A-style mineralis
Slide 12: Sanankoro: Zone B
Sanankoro: Zone B Initial results clearly ev idence broad, open pit resource-quality and continuity of the Zone B setting B1 demonstrated potential to be a major mineralised system which, in concert with Zone A, has the potential to add significant oxide resources Corporate Presentation Q3 2021 12
Slide 13: Sanankoro Timeline
Sanankoro Timeline Focused on the delivery of an updated Resource in Q4 2021 and DFS in H1 2022 Near Term Goals: Q3 2021 Q1 2022 2022 DFS ESIA Permitting and Consultants Appointed Financing H1 2022 2022 Q2/Q3 2021 Q4 2021 Definitive Feasibility Commence Drilling Resource Update Study Construction St
Slide 14: Sanankoro: Financing
Sanankoro: Financing Sanankoro has been significantly de-risked with financing agreed on competitive terms • US$25m* Term Sheet signed September 2021 to support the development of Sanankoro post DFS made up of; More About The Consortium • US$12.5m Equity and The Consortium includes highly experience
Slide 15: Regional Projects
Regional Projects Corporate Presentation Q3 2021 15
Slide 16: Yanfolila Project Area
Yanfolila Project Area KEY FACTS Location Yanfolila Gold Belt, Southern Mali Project Area Five permits encompassing 372km² Tekeledougou Permit • 56m @ 2.2 g/t Au • 17m @ 6.8 g/t Au Targets • 1m @ 35.7 g/t Au Tagan Permit • 43m @ 1.2 g/t Au • 25m @ 1.1 g/t Au Infrastructure 8km from Yanfolila Gold Pl
Slide 17: Diangounté Project Area
Diangounté Project Area KEY FACTS Location Kenieba Window: Approximately 6.5km southwest of Sadiola gold mine • Four permits encompassing 328 km² Project Area within the Kenieba Window • RC drill programme commenced at Madina Foulbé • 47m @ 0.63 g/t Au incl. 1m @ 16.4 H1 2020 RC g/t Au Results • 36m
Slide 18: Corporate
Corporate AT A GLANCE: SIGNIFICANT SHAREHOLDERS Market Cap GBP £36.63m* Quirk Family related 34.55% Lord Farmer (Red Kite founder) 14.32% Share Price 18.00p* Olivier Gachoud 3.29% 52 Week Range 6.90p – 18.00p Total (inc. Directors & Management) 62.66% Nomad finnCap Joint Broker finnCap/ Turner Pope
Slide 19: Peer Comparisons
Peer Comparisons Undervalued compared to peers Case Study – Mali oxide project Enterprise Value (US$m) 300 Company Robex Resources Project Nampala Mine, Mali 250 Listing CVE Market Cap C$250m 200 Stage Production, open pit oxide mine 150 936kozs Reserves @ 0.71g/t Stats c.50,000ozs/year at sub $1,00
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 W
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 Q3 2021 22
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 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 45,632oz 18 months Corpo
Slide 26: 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 27: 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 resource growth Conservative mining parameters being used: • 1.5Mtpa favoured as optimum pl
Slide 28: 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 29: Bert Monro, CEO
Bert Monro, CEO +44 (0) 20 3239 0010 [email protected] www.coragold.com @coragold