Sanankoro Project Area

Sanankoro Project Area
Location Yanfolila Gold Belt, south Mali
Project Area Five contiguous permits (Bokoro II, Bokoro Est, Dako II, Kodiou & Sanankoro II) covering approximately 342 sq km
Gold Mineralisation Oxides up to 207m depth & high-grade sulphides identified at depth​
Definitive Feasibility Study (2025)
  • 65% internal rate of return ('IRR')
  • 482 koz Life of Mine ('LOM') production
  • 64 koz pa average production first 5 years
  • US$479m free cash flow ('FCF') over life of mine
  • US$67m pa FCF average first 5 years
  • US$124m pre-production capital
  • US$1,478/oz average all-in sustaining cost ('AISC')
  • 1.1 year payback period
  • 10.2 years Reserve mine life

(based on a gold price of US$2,750/oz; announcement 3 September 2025)
Updated Ore Reserve (2025) 14.6 Mt at 1.13 g/t Au for 531 koz

(based on a gold price of US$2,200/oz; announcement 3 September 2025)​
Mineral Resource Estimate (2024) 31.4 Mt at 1.04 g/t Au for 1,044 koz, comprising:

  • Indicated 19.0 Mt at 1.13 g/t Au for 689 koz; plus
  • Inferred 12.4 Mt at 0.89 g/t Au for 354 koz

(based on a gold price of US$2,400/oz; cut-off grade 0.3 g/t Au; announcement 15 January 2025)
Additional Exploration Target (2022) 26.0-35.2 Mt at 0.58-1.21 g/t Au for 490-1,370 koz

(announcement 07 November 2022)

Click here for an overview of the Sanankoro Project Area / Sanankoro Gold Project as at May 2025.

Sanankoro Timeline

Sanankoro Financing

In 2023 Cora appointed Atlantique Finance as its sole adviser in the structuring & mobilisation of a medium-term US$70m loan, which will be used to support all aspects of the development & construction of the Sanankoro Gold Mine.