Cora Gold is fast tracking its Sanankoro Project with the financial support of its major shareholder. Lionhead Capital Advisors has committed US$21m of capital towards the mine build, contingent on a positive feasibility study to be completed before the end of 2021. The plan is to develop either a Heap Leach or Carbon in Leach operation, focused on Sanankoro’s shallow oxide resources. Capex for a 1 million tonne CIL operation should be US$55-65m, and this would deliver annual production of c40-4 ....
03 Nov 2020
Cora Gold - Low capex gold opportunity
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Cora Gold - Low capex gold opportunity
Cora Gold Ltd. (CORA:LON) | 2.3 0 0.0% | Mkt Cap: 10.4m
- Published:
03 Nov 2020 -
Author:
Cavendish Research -
Pages:
27
Cora Gold is fast tracking its Sanankoro Project with the financial support of its major shareholder. Lionhead Capital Advisors has committed US$21m of capital towards the mine build, contingent on a positive feasibility study to be completed before the end of 2021. The plan is to develop either a Heap Leach or Carbon in Leach operation, focused on Sanankoro’s shallow oxide resources. Capex for a 1 million tonne CIL operation should be US$55-65m, and this would deliver annual production of c40-4 ....