Cora Gold Ltd. · LSE:CORA
Cora Gold — Investor Presentation (October 2026)
28 slides from Cora Gold's investor presentation, Oct 15, 2026
Slide 1: West African gold developer
CORPORATE PRESENTATION West African gold developer Q4 2026 CORPORATE PRESENTATION | Q4 2026
Slide 2: Disclaimer
DISCLAIMER The information being released by the Cora Gold Limited (the "Company") today and 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, and shall not be treated as, t
Slide 3: Snapshot
SNAPSHOT Portfolio of prospective gold assets within two known gold belts in Mali and Senegal and located amongst multiple operational mines. AT A GLANCE PROJECT PORTFOLIO AIM listed company advancing proven gold deposits including developing the fully funded MADINA FOULBÉ, EAST SENEGAL SANANKORO, S
Slide 4: Sanankoro Gold Project
SANANKORO GOLD PROJECT Fully funded and advancing to mine construction • Located in Yanfolila Belt, Southern Mali • 1.5Mtpa conventional CIL and gravity processing plant from an open pit operation with low strip ratio oxide ore • Delivers post tax and royalties (US$3,500 gold price, Sept 2025 1): 98
Slide 5: Fully funded to production
FULLY FUNDED TO PRODUCTION Binding $120m gold stream signed in April 2026 Binding US$120 million gold stream agreed with Eagle Eye Asset Holdings (‘EEA’), the Company’s 29.9% shareholder Combined with existing equity funding following £15.7m fundraise completed in March 2026, the Stream fully funds
Slide 6: Sanankoro strategy and timeline
SANANKORO STRATEGY AND TIMELINE 1 2 3 Complete permitting as Start delivering strong Drive organic growth from quickly as possible to free cash flow (FCF) from infill drilling existing commence construction low strip ratio oxide Inferred resources and at Sanankoro for a ounces at Sanankoro targeting
Slide 7: Construction readiness
CONSTRUCTION READINESS FEED and early works progressing in parallel to accelerate path to production FEED Early works FEED completion on target for Q4 2026 TSF: 174ha land compensation completed 3D plant modelling completed Geotechnical process plant and power station work completed Detailed enginee
Slide 8: Detailed capex
DETAILED CAPEX Capital items US$m Flow Sheet Civil works 6.9 Conventional gravity and CIL circuit optimised for oxide ore Earth works 3.8 Machinery and equipment 47.6 Infrastructure 1.4 Transport 7.5 First fills 0.9 Mine camp 2.8 Project management 10.3 Insurance and guarantees 0.8 Tailings storage
Slide 9: Opex production profile
OPEX PRODUCTION PROFILE koz • Design includes a hybrid power option incorporating solar 80 100% 90% power, delivering savings in both operating costs and 70 80% carbon emissions by reducing consumption of 40 million 60 70% litres diesel over LOM 50 60% • Contractor mining planned from the start of o
Slide 10: Updated ore reserves
UPDATED ORE RESERVES Announced September 2025 UPDATED PROBABLE RESERVE OF 531 koz Au @ 1.13 g/t Au Based on 26% increase Low Strip Ratio US$2,200/oz Au on 2022 Maiden Reserve of 4.9:1 • Significant upside remains: • Pit optimised Inferred Resources indicate an additional 173 koz gold could be added
Slide 11: Mineral resource estimate
MINERAL RESOURCE ESTIMATE 31.4Mt @ 1.04 g/t Au for 1,044koz Au 2024 Mineral resource estimate (announced January 2025) Updated JORC compliant MRE completed by Environmental Resources Management Limited (ERM, formerly CSA Global) in 2024 Oxidation Tonnage Grade Contained metal Classification Zone (Mt
Slide 12: 2026 drilling campaign
2026 DRILLING CAMPAIGN Major drilling programme designed to significantly expand MRE and long - term production potential. • 12,000m+ drilling programme commenced Q2 2026 • Focused on resource growth around existing deposits (95% of metres) and testing high - priority greenfield targets (5%). • Expl
Slide 13: 2026 drilling assay results
2026 DRILLING ASSAY RESULTS Results to date demonstrate broad intervals of mineralisation outside of the 2024 MRE model, including higher - grade zones. High-grade intercepts at Zone B: Consistent mineralisation at Selin: • 22m @ 2.24 g/t gold ('Au') from 12m in hole SC0712 • 17m @ 1.65 g/t gold (‘A
Slide 14: Exploration strategy
EXPLORATION STRATEGY Aiming to grow the mineral resource to +2Moz HOW WILL WE DELVIER? 1 Rank and Prioritise: Drill target advanced and high value exploration targets 2 Pipeline: Develop pipeline of targets 3 Geophysics: Collect, process and interpret Magnetics and induced Polarisation geophysical d
Slide 15: Extensive operational experience
EXTENSIVE OPERATIONAL EXPERIENCE “ With a strong gold price, now is an opportune time to be bringing a high value, low cost, oxide only gold project An established team with extensive experience and such as Sanankoro into production. ” proven success operating in West Africa - BERT MONRO, CEO HOW WI
Slide 16: Mine permitting
MINE PERMITTING • Cora has been awarded its Environmental Permit, but only following the partial lifting of the government's permitting moratorium (November 2022 - March 2025) has the Company been able to re - engage with the authorities regarding the mining permit for Sanankoro Mali’s mining admini
Slide 17: Madina Foulbé
MADINA FOULBÉ Potential for a large scale, in - situ gold mineralisation • Located within the Mako Gold Belt in East Senegal close to several Tier 1 gold deposits • Permit is cut by 2 regional N - S trending shear zones • Region serviced by good infrastructure within a mining friendly jurisdiction •
Slide 18: ESG
ESG “ Communities have welcomed us as a development partner since 2017. ” PERMITTING SOLAR AND HYBRID POWER COMMUNITY ENGAGEMENT • Environmental and Social Impact • Sanankoro is due to have a solar focussed hybrid • Committed to operating in ways that engage positively with Assessment (ESIA) submitt
Slide 19: Management
MANAGEMENT BERT MONRO CEO and Director +16 years’ experience within the natural resources industry Previously worked for HUM advancing its +6Moz of gold resources in West Africa and operational gold mine in Mali CRAIG BANFIELD LOURENS STEENEKAMP MURRAY PATERSON SIAKA KOUMARE CFO and Company Secretar
Slide 20: Investment case
INVESTMENT CASE New producer outperformance: share appreciation leading to production New Producer Share appreciation leading to production Recognised Team Broad range of relevant experience Upside Significant further resources Strong Support Diverse investor base including high profile resource inv
Slide 21: Corporate
CORPORATE 15 OCTOBER 2026 SIGNIFICANT SHAREHOLDERS Market Cap Share Price 52 Week Range Research Price Target 1 £88m 11.5p 4.5-13.0p 27p / 25.8p Eagle Eye Asset Holdings Brookstone Business Inc (Quirk Family) Lord Farmer The Marlborough Trust Maggianda Foundation (Jeremy Block) SHARE PRICE PERFORMAN
Slide 22: Appendix
Appendix 22 CORPORATE PRESENTATION | Q4 2026
Slide 23: Non-executive directors
NON-EXECUTIVE DIRECTORS Track record of discovery and development in Africa ADAM DAVIDSON ED BOWIE RUSSELL WHITE PAUL QUIRK ARYANN GUPTA Non-Exec Chair NED NED NED NED Extensive experience in the +24 years’ experience A metallurgist by training & highly 15 years’ operational Head of Mergers & natura
Slide 24: Operations in Mali
OPERATIONS IN MALI Third largest gold producing country in Africa WEST AFRICA IS THE FASTEST GROWING AND LARGEST GOLD PRODUCING REGION, RANKING 1ST FOR • Highly developed and active mining culture DISCOVERIES OVER THE PAST DECADE • Major international companies operate in the country including B2Gol
Slide 25: Reserves
RESERVES September 2025 Mineral Reserve Tonnage Grade Contained Area Oxidation Zone Classification (Mt) (g/t Au) Metal(koz Au) Oxide 3.69 1.17 139 Zone A Probable Transitional 0.03 1.64 2 Oxide 1.49 0.83 40 Zone B North Probable Transitional 0.07 1.35 3 Oxide 0.91 0.80 23 Zone B Central Probable Tra
Slide 26: Saprolite soft rock
SAPROLITE SOFT ROCK SIGUIRI - ANGLOGOLD SANANKORO – ASHANTI (GUINEA) CORA (MALI) PEER GROUP CHARACTERISTICS LOWER UNIT COSTS BENEFITS • No soft rock peers in London • Heavily weathered rock • Mining cost lower – no drill • Reduced mining dilution • Nampala – soft rock and • Deep weathering profile a
Slide 27: Oxide ore
OXIDE ORE Material at Sanankoro does not become hard rock until depths of +120m 0m 7m 15m 24m 42m 50m 59m 67m 70m 75m 80m 90m 27 CORPORATE PRESENTATION | Q4 2026
Slide 28: coragold.com
coragold.com info@coragold.com www.linkedin.com/company/cora - gold/ @cora_gold CORPORATE PRESENTATION | Q4 2026