Cora Gold Limited (LON: CORA) CEO Bert Monro explains why the company is separating its Senegalese exploration assets into Madina Minerals, giving existing shareholders exposure to a second gold opportunity while Cora concentrates on developing its Sanankoro Gold Project in Mali. He outlines the proposed one-for-ten share distribution, why Cora is retaining a 2% net smelter return royalty, and the potential of Madina Foulbé, where previous drilling returned 10 metres at 4.5 grams of gold per tonne. With Sanankoro progressing through financing, permitting and engineering, Monro explains how the demerger could unlock exploration activity in Senegal without diverting attention from Cora’s first mine.
Key Moments
- 00:00 – Bert Monro introduces Cora Gold’s latest move
- 00:08 – Why Cora is splitting its Senegalese assets
- 01:06 – Why the demerger makes sense now
- 01:49 – Sanankoro’s progress towards construction
- 02:44 – What shareholders receive in the demerger
- 03:25 – How Cora retains an economic interest in Madina
- 03:52 – The 2% royalty and US$105,000 acquisition
- 04:13 – US$750,000 funding and potential equity exposure
- 04:44 – Why Cora wants to retain the royalty
- 05:37 – Madina Foulbé’s gold exploration potential
- 05:54 – Drilling results and unfinished exploration potential
- 06:25 – Plans to restart drilling in Senegal
- 06:40 – Government approval and what happens next
- 07:00 – Share distribution and forthcoming announcements
About Cora Gold
Cora Gold Limited is a West African gold development company focused on bringing its flagship Sanankoro Gold Project in southern Mali into production as an open-pit oxide gold mine. The company is advancing financing, permitting and engineering work towards construction, while proposing to separate its Senegalese exploration assets into Madina Minerals Limited, allowing the Madina Foulbé gold project to progress independently.
