Cora Gold Limited /
EPIC: CORA.L / Market: AIM / Sector: Mining
13 January 2025
Cora Gold Limited
('Cora' or 'the
Company')
Board Changes
Cora Gold Limited, the West African focused
gold company, is pleased to announce the appointment of Adam
Davidson as an Independent Non-Executive Director. Mr. Davidson has
extensive experience in the natural resources sector, which will be
beneficial to Cora as it seeks to commence mine construction at the
Company's Sanankoro Gold Project ('Sanankoro' or the 'Project') in
southern Mali.
Mr. Davidson's experience spans a breadth of
jurisdictions and commodities. He was the founding CEO of
AIM-listed Trident Royalties plc (AIM:TRR; 'Trident'), which was
acquired by Deterra Royalties Limited (ASX:DRR) in 2024. Prior to
Trident, Mr. Davidson worked for Resource Capital Funds, a leading
mining-focused private equity firm, and previously held positions
with BMO Capital Markets and Orica Mining Services. Mr. Davidson is
a graduate of the Australian Institute of Company Directors,
currently serves on the board of South Atlantic Gold Inc (TSX-V:
SAO) and was previously a Non-Executive Director of RG Gold, a
private gold producer. He earned his MBA from the College of
William & Mary and completed a post-graduate in Mining Studies
from the University of Arizona.
Alongside Mr. Davidson's appointment, Cora
announces that David Pelham has stepped down from the Board as a
Non-Executive Director, effective immediately. Mr. Pelham
will continue to support the Company as a Technical Adviser, using
his extensive knowledge as a geologist with over 45 years'
experience.
Bert Monro,
Chief Executive Officer of Cora, commented, "We
are hopeful that 2025 will be a year of significant progress for
Cora, which, subject to the lifting of the moratorium on the
issuance of permits in Mali, will ultimately see us commence mine
construction at our Sanankoro Gold Project. As we look to
ensure operational readiness, we are delighted to welcome Adam to
the team. His extensive experience across the mining sector will be
of great value to our company as we look to complete the final
permitting and financing steps.
"I would like to thank Dave Pelham for his
contributions to the Company as he steps down from the Board.
We are delighted that Dave will continue to be a Technical Adviser
to the Company; his extensive geological knowledge and experience
has already added significant value to our Company and I look
forward to being able to call on his advice going
forward."
Ed Bowie,
Chairman of Cora, commented, "On behalf of the
Company and all our stakeholders, I would like to thank Dave for
his years of service. He has made a significant contribution to the
advancement of the Company and in particular our exploration
efforts at Sanankoro. We look forward to his continued valuable
input as a Technical Adviser.
"I look forward to welcoming Adam to the Board.
He has the ideal skills and expertise to support the Company as we
transition to becoming a gold producer."
The following disclosures are made pursuant to
Schedule 2 paragraph (g) of the AIM Rules.
Adam Forrest Davidson, age 41, holds/held the
following directorships and/or partnerships:
|
Current
Directorships / Partnerships
|
Former
Directorships / Partnerships
(within the
last 5 years)
|
|
Sonoroy Holdings Limited
South Atlantic Gold Inc.
Trident Royalties Limited
TRR Offtakes, LLC
TRR Services UK Limited
TRR Services, LLC
TRR Services Schweiz AG
TRR Sonora Limited
|
n/a
|
There are no further disclosures required to be
made pursuant to Schedule 2 paragraph (g) of the AIM
Rules.
**ENDS**
For further information, please visit http://www.coragold.com, follow us on
social media (LinkedIn and X: @cora_gold) or contact:
|
Bert Monro
Craig Banfield
|
Cora Gold Limited
|
info@coragold.com
|
|
Derrick Lee
Pearl Kellie
|
Cavendish Capital Markets Limited
(Nomad & Broker)
|
+44 (0)20 7220 0500
|
|
Susie Geliher
Charlotte Page
|
St Brides Partners
(Financial PR)
|
cora@stbridespartners.co.uk
|
Notes
Cora is a West African gold developer with
de-risked project areas within two known gold belts in Mali and
Senegal. Led by a team with a proven track-record in making
multi-million-ounce gold discoveries that have been developed into
operating mines, its primary focus is on developing the Sanankoro
Gold Project in the Yanfolila Gold Belt, south Mali, into an open
pit oxide mine. Based on a gold price of US$1,750/oz and a Maiden
Probable Oxide Reserve of 422koz at 1.3 g/t Au, the Project has
strong economic fundamentals, including 52% IRR, US$234 million
Free Cash Flow over life of mine and all-in sustaining costs of
US$997/oz. Alongside this, the Company continues to seek value
opportunities across its portfolio and has identified large scale
gold mineralisation potential at the Madina Foulbé exploration
permit within the Kenieba Project Area of east Senegal.
