Sanankoro is Cora’s flagship asset: a shallow, open-pit gold project being developed as a straightforward gravity and CIL operation. Its 2025 Definitive Feasibility Study sets out a low-cost, high-margin route to production, and one that becomes more compelling still at today’s gold prices.
- 98% Post-tax IRR
- 1.04Moz JORC resource
- US$365m NPV₈ post-tax
- US$1,623/oz AISC
* Calculated at a US$3,500 gold price
Project area
- Location
- Yanfolila Gold Belt, south Mali
- Project area
- Five contiguous permits covering approximately 342 km²
- Gold Mineralisation
- Oxides to 207m depth with high-grade sulphides below
- Development stage
- Fully funded and advancing to construction
- Mining & processing
- Conventional open-pit, gravity and CIL operation
- Ore type
- Predominantly oxide, supporting free-digging mining
- Probable Reserve
- 531koz gold
- Mine life
- 10.2 years
Funded to production
In April 2026, Cora Gold signed a binding term sheet for a US$120m gold stream with its largest shareholder, Eagle Eye Asset Holdings. Together with the equity raised earlier that year, this puts the funding in place to take Sanankoro into production, subject to receipt of the mining permit, with the flexibility to bring in senior debt later to fine-tune the structure.
- Funding US$120m Gold stream financing
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Partner
Eagle Eye
Largest shareholder
- Status 100% Funded to production
Advancing to construction
The environmental permit is already in hand, and the mining permit is the final regulatory step before development. In the meantime, front-end engineering design is underway with SENET – the firm behind both feasibility studies, alongside early groundwork on site, so the team is ready to move quickly once the permit is granted.
A proven resource, with room to grow
Sanankoro’s ore is soft, deeply weathered material that stays oxide well below the surface. That means free-digging mining with no drilling and blasting, simple processing, recoveries of up to 97% and benign waste, a profile with no soft-rock peer on the London market. A drilling programme is now underway to grow the resource beyond the current mine plan, with a longer-term ambition of building toward two million ounces. A major drilling programme was launched in 2026 aimed at increasing resource ounces across the project, including new greenfield targets.