Cora Gold Ltd. · LSE:CORA
Cora Gold — Investor Presentation (June 2026)
26 slides from Cora Gold's investor presentation, Jun 8, 2026
Slide 1: West African Gold Developer
C O R P O R AT E P R E S E N T AT I O N West African Gold Developer Q2 2026 CO R PO RA T E PR ESENT A TIO N | Q2 20 2 6
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, th
Slide 3: Snapshot
Snapshot Portfolio of prospective gold assets within two known gold belts in Mali and Senegal and located amongst P RO JECT PO R TFO LIO multiple operational mines. AT A GLANCE MADINA FOULBÉ, EAST SENEGAL AIM listed company advancing proven gold deposits including developing the fully funded Sananko
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): •
Slide 5: Fully Funded to Production
Fully Funded to Production Binding $120m gold stream signed in April 2026 Binding US$120 million gold stream agreed with Eagle Eye Asset Holdings (‘EEA’), the Company’s 29.9% shareholder Combined with existing equity funding following £15.7m fundraise completed in March 2026, the Stream fully funds
Slide 6: Sanankoro Strategy and Timeline
Sanankoro Strategy and Timeline 1 2 3 Complete permitting as quickly Start delivering strong free Drive organic growth from infill as possible to commence cash flow (FCF) from low strip drilling existing Inferred construction at Sanankoro for a ratio oxide ounces at resources and targeting conventio
Slide 7: Detailed Capex Flow Sheet
Detailed Capex Flow Sheet Conventional gravity and CIL Capital items US$m circuit optimised for oxide ore Civil works 6.9 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 8: Opex Production Profile
Opex Production Profile koz • Design includes a hybrid power option incorporating 80 100% solar power, delivering savings in both operating costs 70 90% and carbon emissions by reducing consumption of 40 80% ` million litres diesel over LOM 60 70% • Contractor mining planned from the start of operat
Slide 9: Updated Ore Reserves
Updated Ore Reserves Announced September 2025 • Updated Probable Reserve of 531 koz Au @ 1.13 g/t Au • Based on US$2,200/oz Au • 26% increase on 2022 Maiden Reserve • Low Strip Ratio of 4.9:1 ` • Significant upside remains: • Pit optimised Inferred Resources indicate an additional 173 koz gold could
Slide 10: Mineral Resource Estimate
Mineral Resource Estimate 202 4 MINERAL RESOU RC E ESTI MAT E (announced January 2025) Updated JORC compliant MRE completed by Environmental Oxidation Tonnage Grade Contained metal Classification Resources Management Limited (ERM, formerly CSA Global) Zone (Mt) (g/t Au) (koz Au) Oxide 15 1.12 520 •
Slide 11: 2026 Drilling Campaign
Zone B MRE model 2026 Drilling Campaign Major drilling programme designed to significantly expand MRE and long-term production potential. • 12,000m+ drilling programme to commence in June 2026 to Selin MRE model expand current 1.04Moz JORC Resource and extend mine life beyond10.2 years. • Focused on
Slide 12: Exploration Strategy
Exploration Strategy HOW WILL WE DELIVER? Rank and Prioritise: Drill target advanced and high Aiming to grow the mineral resource to +2Moz 1 value exploration targets 2 Pipeline: Develop pipeline of targets Geophysics: Collect, process and interpret Magnetics 3 and induced Polarisation geophysical d
Slide 13: Extensive Operational Experience
Extensive Operational With a strong gold price, now is an opportune time to be bringing a high Experience value, low cost, oxide only gold project such as Sanankoro into production. An established team with extensive experience - BERT MONRO, CEO and proven success operating in West Africa EXP ER IEN
Slide 14: 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 15: 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 • Wit
Slide 16: ESG
C o m m u ni ties h a v e w e lc o m ed u s a s a ESG d e v e l op m e n t p a r tn e r s in c e 2 0 1 7 PERMITTING • Environmental and Social Impact Assessment (ESIA) submitted July 2022 to the Government of Mali • Environmental Permit awarded October 2022, recognising Cora’s high environmental sta
Slide 17: 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 PAT ERSO N SIA KA KO UMA RE CFO and Company Sec
Slide 18: Investment Case
Investment Case New Producer Share appreciation leading to production New producer outperformance: 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 19: Corporate
Corporate 5 JUNE 2026 SIG NIFICANT SHAREHOLDERS Market Cap £73m Share Price 9.50p Eagle Eye Asset Holdings Brookstone Business Inc (Quirk Family) 52 Week Range 4.50-13.0p Lord Farmer Research Price Target1 27p The Marlborough Trust Maggianda Foundation (Jeremy Block) SHA RE PR ICE PER FO RMA NCE Dir
Slide 20: Appendix
Appendix 20 CO R PO RA T E PR ESENT A TIO N | Q2 20 2 6
Slide 21: Non-Executive Directors
Non-Executive Directors Track record of discovery and development in Africa A DA M DAVID SON P AU L Q UIR K ED B OWIE ANDREW CHUB B A RY A NN GUP TA Non Exec Chair NED NED NED NED Extensive experience in the +15 years’ operational +24 years’ experience within Since 2014, Andrew has Head of Mergers &
Slide 22: Operations in Mali
Operations in Mali WEST AFRIC A I S THE FASTE ST GRO WING AND LARGE ST GO LD PRO DUCING RE GIO N, RANKING 1ST FOR DISC OV ER IES O VE R T HE P AST DECA DE Fourth largest gold producing country in Africa +80% • Highly developed and active mining culture production increase in West Africa over the las
Slide 23: 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 24: Saprolite Soft Rock
Saprolite Soft Rock SIG UIR I - A NGLO GO LD A SHA NTI (G U INE A) SANANKO RO – C OR A ( MA LI ) PEER GROUP CHARAC TERIST ICS LOWE R UNI T COSTS BENE FITS • No soft rock peers in London • Heavily weathered rock • Mining cost lower – no drill and • Reduced mining dilution • Nampala – soft rock and •
Slide 25: 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 25 CO R PO RA T E PR ESENT A TIO N | Q2 20 2 6
Slide 26: coragold.com
coragold.com info@coragold.com www.linkedin.com/company/cora-gold/ @cora_gold 26 CO R PO RA T E PR ESENT A TIO N | Q2 20 2 6