Cora Gold working through 'aspects' of Sanankoro study
West Africa-focussed Cora Gold updated the market on the definitive feasibility study for the Sanankoro Gold Project in southern Mali on Tuesday.
The AIM-traded firm previously stated the study was expected to be completed in the third quarter of 2022.
On Tuesday it said that while a number of the study’s work streams were “substantially completed”, it was continuing to optimise various aspects of the study.
As such, Cora said it would provide an update to the market on the definitive feasibility study during the fourth quarter.
“Work is continuing at pace on the definitive feasibility study for Sanankoro,” said chief executive officer Bert Monro.
“To date the optimisation exercise has been successful and our work over the past few weeks has indicated that further adjustments can be made to further enhance the project's economics, and we are keen to ensure that the optimal route to production is delivered to the market.
“We look forward to providing further updates on the study during the fourth quarter.”
At 1331 BST, shares in Cora Gold were down 4.16% at 4.6p.
Reporting by Josh White at Sharecast.com.