Business
Digby Wells to conduct ESIA for Sanankoro
Digby Wells to conduct ESIA for Sanankoro.
About this update from Cora Gold Ltd.
[{"type":"text","content":"\n \n \n RNS Number : 7361L\n Cora Gold Limited\n 04 May 2020\n \n \n \n \n Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining\n \n \n 04 May 2020\n \n \n Cora Gold Limited ('Cora', 'Cora Gold' or 'the Company')\n \n \n Digby Wells appointed to conduct an Environmental and Social Impact Assessment \n \n \n for the Sanankoro Gold Project\n \n \n \n \n \n Cora Gold Limited, the West African focused gold company,\n is pleased to announce that it has appointed international environmental consultants Digby Wells Environmental ('Digby Wells') to undertake the Environmental and Social Impact Assessment ('ESIA') for its Sanankoro Gold Project ('Sanankoro' or 'the Project') in the Yanfolila Gold Belt, Southern Mali. \n \n \n \n \n \n Cora continues to advance Sanankoro, which has \n a positive Scoping Study completed on it with an 84% IRR at a US$1,400 gold price. T\n he Company is initially focused on Resource growth and then, if successful, the delivery o\n f the Definitive Feasibility Study ('DFS') before the end of 2021. Due to this accelerated strategy for moving the Project forward, the Company has appointed Digby Wells to conduct an ESIA in accordance with the International Finance Corporation Performance Standards for the Project. \n The collection of baseline data for the ESIA has\n already commenced. Deliverables will include specialist studies, ranging from ecological, water and social studies\n ,\n a conceptual closure and rehabilitation plan, a stakeholder engagement process, a resettlement policy framework and a community development plan.\n \n \n \n \n \n Cora previously worked with Digby Wells to complete an initial environmental and social screening study in 2019 as part of the Project's Scoping Study. This Scoping Study showed Sanankoro's potential to be a highly profitable standalone oxide mine, delivering a high IRR and short capex payback period.\n \n \n \n \n \n \n Bert Monro, CEO of Cora Gold, commented,\n \n \n \"As one of the largest environmental consulting firms in Africa focused on the resources sector, with extensive in-house expertise in the environmental and social field, we are delighted to be working with the Digby Wells team again. The ESIA is c\n \n \n ritical to the success of the DFS, which we are focused on completin...