Business
Interim Results for the Six Months to 30 June 2025
Cora Gold Limited (CORA.L) announced its unaudited interim results for the six months ended 30 June 2025. Highlights include a January 2025 Mineral Resource Estimate (MRE) increase at the Sanankoro Gold Project in Mali to 1,044 koz (Indicated: 689 koz; Inferred: 354 koz), a 13% increase from the 2022 MRE. The Mali government partially lifted its mining permit moratorium in March 2025. SENET (Pty) Ltd was appointed in April 2025 to oversee an updated Definitive Feasibility Study (DFS) for Sanankoro. A GBP£1.55 million (US$2.005 million) fundraise was completed in April 2025, resulting in US$1.648 million in cash and cash equivalents as of 30 June 2025. The updated DFS is expected in Q3 2025. Key financial figures (in US$'000) include total assets of US$27,614 as of June 30, 2025, down from US$26,770 in June 2024 and US$26,095 in December 2024. The loss for the period was US$689,000 for the six months ended June 30, 2025, compared to US$467,000 for the same period in 2024 and US$1,095,000 for the year ended December 31, 2024. Share capital as of June 30, 2025 was US$35,809,000. Disclaimer*
About this update from Cora Gold Ltd.
[{"type":"text","content":"\n\n Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining\n20 August 2025\nCora Gold Limited\n('Cora' or 'the Company')\n \nInterim Results for the Six Months Ended 30 June 2025\n \nCora Gold Limited, the West African focused gold company, is pleased to announce its unaudited interim results for the six months ended 30 June 2025.\n \nHighlights\n \nOperational and Project Development\n● +1 million ounce Mineral Resource Estimate ('MRE') announced for the flagship Sanankoro Gold Project ('Sanankoro') in southern Mali in January 2025, totalling 31.4 Mt at 1.04 g/t gold ('Au') for 1,044 koz (Indicated: 19.0 Mt at 1.13 g/t Au for 689 koz; Inferred: 12.4 Mt at 0.89 g/t Au for 354 koz). This represents a 13% increase in contained metal from the 2022 MRE.\n● Mali government partially lifted its moratorium on new mining permits in March 2025, enabling the processing of applications for exploration permit renewals and conversions to mining permits.\n● Appointment of New SENET (Pty) Ltd in April 2025 to oversee an updated Definitive Feasibility Study ('DFS') at Sanankoro, underpinning Cora's commitment to maximising the development potential of Sanankoro and ensuring operational readiness.\n● Optimisation test work completed in May 2025 demonstrated potential benefits of a two-stage processing strategy which would be optimal for gold recovery at Sanankoro and may also offer a reduction in operating costs.\n \nCorporate Updates\n● Board strengthened with the January 2025 appointment of Adam Davidson as Non-Executive Director. Mr Davidson brings extensive mining industry experience, having founded and led Trident Royalties plc, a diversified mining royalty and streaming company acquired by Deterra Royalties Limited in 2024. His earlier career includes senior roles with Resource Capital Funds, BMO Capital Markets and Orica Mining Services.\n● Continued access to the expertise of David Pelham, who stepped down from the Board in January 2025 but remains a technical adviser. A mineral geologist with over 40 years' global exploration experience, Mr Pelham played a key role in defining and prioritising early-stage work programmes at Sanankoro.\n● ...