Modern Mining May 2025

Cora Gold fundraise

Aurum appoints Ivorian specialist to commence Boundiali environmental study

gold deposits/prospects and a central processing facility within three of the four exploration ten ements comprising the Boundiali Gold project. Envitech will commence EIES field investigations for Boundiali in April 2025. Utilising Envitech further strengthens Aurum’s team of highly regarded specialist consulting firms engaged to deliver Boundiali’s Pre-Feasibility Study, due for completion by end of CY2025. Aurum currently has eight self-owned and operated diamond rigs operating at Boundiali, and expects to complete 100 000 m of diamond holes at the

Gold exploration company, Aurum Resources, has engaged Côte d’Ivoire-based environmental and social specialist, Envitech CI Sarl (Envitech), to undertake an Environmental and Social Impact Assessment (in Côte d’Ivoire referred to as an EIES - Etude d’impact environnementale et social) at its Boundiali Gold Project in north-west Côte d’Ivoire for the purpose of potential open pit gold mining and gold ore processing. Envitech’s EIES will cover six

Cora Gold fundraises to support Sanankoro construction readiness.

Cora Gold, the West African focused gold company, has conditionally raised £1 549 649.74 through a subscription of 32 624 205 new ordinary shares on 25 March 2025. CEO of Cora, Bert Monro, commented, “This fundraising is intended to support the company as it looks to bring Sanankoro to construction readiness, and follows the recent release of an updated Mineral Resource Estimate which reported total pit constrained resources of 31.4 million tonnes at 1.04 g/t Au for a total of 1 044 koz, comprising 689 koz at 1.13 g/t Au in the Indicated category and 354 koz at 0.89 g/t Au in the Inferred category, and the Mali government’s partial lifting of its moratorium on issuing permits in the mining sector. Ongoing optimisation studies along with work on updating the ore reserves to support an updated Definitive Feasibility Study at Sanankoro are well underway and scheduled for completion later in 2025. With the gold price currently at near record highs, and the previously completed 2022 Definitive Feasibility Study based on a US$1 750/oz gold price, we are hoping for significant improvements in the project’s economics.” n

project in CY2025. This in turn will support two MRE updates for Boundiali in CY2025 to grow the maiden gold resource of 1.59 moz and support the studies required for the future application for a mining permit over the project. n Aurum currently has eight self-owned and operated diamond rigs operating at Boundiali.

MAY 2025 | www.modernminingmagazine.co.za  MODERN MINING  5