Corporate Presentation Q2 2018 - Cora Gold · Cora Gold | Investor Presentation | | Investor...

Cora Gold | Investor Presentation | Q1 2018

Corporate PresentationQ2 2018


Disclaimer

The information being released by the Cora Gold Limited (the "Company") today & attached to the RNS (the “Materials”) are being released to provideadditional information with respect to the business of the Company. The Materials are not intended to form, & shall not be treated as, the basis of anyinvestment decision or any decision to purchase an interest in the Company. The Materials do not constitute a recommendation regarding the shares of theCompany nor should the Materials be considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents,employees or advisers. The Materials do not constitute an offer to sell or an invitation for offers to purchase or acquire any securities or any of the businessor assets described herein. The Company has provided the information in the Materials, which do not purport to be comprehensive & have not been fullyverified by the Company, or any of their respective shareholders, directors, advisers, agents or affiliates. No representation or warranty, express or implied,is or will be made & no responsibility or liability is or will be accepted by the Company or by any of their respective officers, servants or agents or any otherperson as to or in relation to the accuracy or completeness of the Materials or the information or opinions contained herein or supplied herewith or anyother written or oral information made available to any interested party or its advisers & no responsibility or liability is accepted for the accuracy orsufficiency of any of the information or opinions, for any errors, omissions or mis-statements, negligent or otherwise, or for any other communication,written or otherwise, made to anyone in, or supplied with, the Materials. In particular, no representation or warranty is given as to the achievement orreasonableness of any future projections, management estimates, prospects or returns. Certain statements within the Materials constitute forward lookingstatements. Such forward looking statements involve risks & other factors which may cause the actual results, achievements or performance expressed orimplied by such forward looking statements. Accordingly, neither the Company nor any of its respective shareholders, directors, advisers, agents or affiliatesshall be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any statement or omission in, orsupplied with, the Materials or in any future communications in connection with your interest in the Company. The information set out in the Materials willnot form the basis of any contract. The recipient agrees to keep confidential any written or oral information contained herein or otherwise made availablein connection with the Company. The Materials must not be copied, reproduced, distributed or passed to others at any time. The Materials have beendelivered to you for information only & upon the express understanding that such parties will use it only for the purpose set out above. The Companyundertakes no obligation to provide the recipient with access to any additional information or to correct any inaccuracies herein which may becomeapparent.

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1


DISCOVERING THE NEXT

MAJOR WEST AFRICAN

GOLD MINE

Cora Gold | Investor Presentation | Q2 2018Cora Gold | Investor Presentation | Q2 2018

3 Key Elements3

Large gold discovery: Sanankoro• 14km strike length

• High grade assays up to 35.7g/t Au

• Potential standalone mine

• +1Moz potential

Multiple permits surrounding

existing mines in Mali & Senegal• Drill-ready prospects

• Potential to fast-track cash flow

Proven team• +25 years in Africa

• >8Moz of gold discoveries

1.

2.

3.


Overview4

Who is Cora Gold?

AIM listed gold exploration company

with a world-class team focussed on

productive gold belts in West Africa

Project portfolio totalling 1,500km2 in

Mali and Senegal in close proximity to

operating mines

Sanankoro Gold Discovery: Mali • Large mineralised structures >15km

• Intersections up to 35.7 g/t Au

• +1Moz potential

Tekeledougou project: Mali • Two new gold discoveries with large

footprints

• Intersection up to 102 g/t Au

• 8km from operating Yanfolila gold

mine

Multiple drill-ready targets, follow up

drilling provides significant

exploration/value upside

Strong news flow from on-going drilling

programmes

Backed by City Financial (7.04%) and Lord

Farmer (10.76%) and Hummingbird

Resources (AIM:HUM) (33.85%)


A Team to Deliver5

Jon Forster Chief Executive Officer+35 years exploring in Africa

Geoff McNamara Chairman

+12 years Mining Finance

Bert MonroNon-Executive Director+8 years operating in Africa

Paul Quirk Non-Executive Director+10 years operating in Africa

Significant African experience:

+25 years in Africa

>8Moz of gold discoveries

Craig BanfieldChief Financial Officer and

Company Secretary+20 years operating in Africa

Board Members

David Pelham Non-Executive Director+35 years exploring in Africa

Management


Key Data6

Cora Share Price Graph

Significant Shareholders

Hummingbird Resources plc 33.85% *

Directors / Management 19.24%

Lord Farmer 10.76%

City Financial 7.04%

Brookstone Business Inc. 5.14% **

* Including subsidiary company

** The sole shareholder of which is First Island Trust Company Limited of Mauritius, as trustee for discretionary trust with a broad class of potential beneficiaries

Market AIM

Ticker CORA.L

Market capitalisation ~£7.97 million

Shares in issue 54,975,394

Nominated Adviser Allenby Capital

Broker Mirabaud Securities9 Oct 2017 – IPO on AIM raising £3.45 million

11 Oct 2017 – Director Dealings – Geoff McNamara (1.14%)

12 Oct 2017 - Director Dealings – Geoff McNamara (1.50%)

17 Oct 2017 – Drill contractor appointed: Sanankoro

4 Dec 2017 - Drilling commenced: Sanankoro

5 Dec 2017 – Director Dealings – Paul Quirk (13.33%)

11 Jan 2018 – Stage 1 drilling Sanankoro completed

29 Jan 2018 – Impressive initial results from Sanankoro Stage 1

14 Mar 2018 –Reconnaissance drilling commences Tekeledougou

22 Mar 2018 – Stage 2 drilling Sanankoro completed

29 Mar 2018 – Madina Fulbe permit renewed

9 Apr 2018 – Tekeledougou Reconnaissance drilling completed

24 Apr 2018 – Impressive Stage 2 assay results received

01 May 2018 – Exciting high-grade drill results at Tekeledougou

Significant newsflow since IPO in Q4 2017:

0

2

4

6

8

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12

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16

18

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Established in Prominent Mali Gold Belts 7

Prospective targets awaiting follow-up

Kenieba Window, West Mali Yanfolila Belt, South Mali


Sanankoro Project: Mali8

Extensive multiple gold zones give large scale potential:

targeting a +1 million ounce standalone mine

• Historic, broad spaced shallow

drilling being followed up by

deeper, systematic infill

drilling

• Historic drilling only tested

1.6km of >15km of prospective

mineralized structures

• On-going 15,000m drill

programme to expand

mineralised footprint

• Extensive zones of artisanal

mining

A Highly Prospective Discovery

Yanfolila Belt, South Mali Sanankoro Gold Discovery


Sanankoro Stage 1Target 1

• 27 drill holes completed at Target 1

• Open North, South and at depth

• Potential to increase strike >3km

• Initial RC/AC assays include:

• 17 metres @ 5.43g/t from 67 metres

downhole


downhole


downhole

• 15 metres @ 1.41g/t from surface


downhole

9Initial drill programme

confirmed a new gold discovery

with potentially economic

widths and grades over an area

of at least 1.2km length

14km


Sanankoro Stage 2Large Mineralised Structures Confirmed

Drilling confirmed continuous

mineralised structures over 3.6km

to a depth of 100m

• Assay highlights:

• 35.7 g/t Au over 1 m

• 1.89 g/t Au over 13m




10

Drilling confirmed continuous

mineralised structures over 900m

to a depth of 80m

• Assay highlights:


• 1.56 g/t au over 6m


• 1.01 g/t au over 13m

Sanankoro StructureZone A-B

Bokoro StructureZone C


Sanankoro Gallery11

N-S

aligned q

uart

z s

tockw

ork

zones

Recentl

y identi

fied E

-W c

ross

cutt

ing

min

era

lise

d s

tructu

res

Coars

e v

isib

le g

old

panned f

rom

mult

iple

hole

s

Dri

ll r

ig a

t Sanankoro

Q1 2

018


Sanankoro: Artisanal mining

12

Above: SRK (CPR) site visit March 2017 - Sanankoro artisanal workings

Extensive artisanal workings confirm

continuity of mineralisation

Above: Sanankoro artisanal workings as at January 2017


Yanfolila Gold Belt, South Mali13

Permits in the Yanfolila Gold Belt showing drill targets

Multiple drill targets to follow up & discoveries to be made …


Yanfolila Gold Belt Projects, South Mali

• Historical reconnaissance drilling

completed at Tagan, Siranikele,

Farassaba III

• Intercepts include:

• Tagan: 30m @ 1.6 g/t Au

• Siranikele: 18m @ 4.3 g/t Au

• Farassaba III: 4m @ 2.6 g/t Au

• Two new large scale gold zones

discovered (Kouroudian and Woyoni) at

Tekeledougou

14

Tagan; Siranikele; Farassaba III;

Tekeledougou; Winza


Tekeledougou Discovery

• 17 holes completed in 2,000m of RC

drilling

• Two new large-scale gold zones

discovered (Kouroudian and Woyoni)

• Both prospects within trucking distance

(~8km) of operating Yanfolila Gold Mine

• Infill, extensional diamond and RC drilling

planned for Q2 2018

15

Extensive Artisanal Workings at Tekeledougou

“Significant potential to extend these

wide structures well beyond the already

identified footprint which, if consistently

mineralised, could lead to a large gold

deposit.”

Woyoni Discovery Kouroudian Discovery

56m @ 2.2g/t including 22m @

4.86 g/t Au

17m @ 6.8 g/t Au including 1m

@102 g/t Au

60m @ 0.7 g/t Au including 9m @

1.30 g/t Au

15m @ 1.17 g/t

Drilling confirms minimum strike

length of 250m

Drilling confirms minimum strike

length of 500m and clear

potential to extend over 1km

Open in all directions Open in all directions


Kenieba Window, West Mali16

Over past two decades

more than 50Moz Au discovered

across 12 gold project areas

Diangounte & Madina Fulbe Projects

AngloGold Ashanti-IAMGOLD’s Sadiola Mine, Mali

Source: Photo: http://www.miningeducation.com/2015/09/anglogold-ashanti-operations-and.html


Highly Active Work Programme Timeline17

Q3 Q4 Q1 Q2 Q3 Q4

2017>>>>>>>>>>>>>> 2018 >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Sanankoro surface

mapping/sampling

Sanankoro exploration

drilling commenced

Yanfolila project

area surface

mapping /sampling

Sanankoro ground

geophysics

Yanfolila project

area exploration

drilling commenced

(Tekeledougou)

Sanankoro and

Tekeledougou

assay results

Sanankoro project

evaluation and planning*

Yanfolila project

area evaluation

and planning*

Western Mali

project area

surface mapping

/ sampling*

Western Mali

project area

exploration

drilling*

* Projected Company targets


Peer Comparisons 18

Source: Google FinanceExchange rate: GBP/USD: 1.35; CAD/USD: 0.78; AUD/USD: 0.75 Correct as of 10.05.18

$8

5

Anvel Gold was bought by Endeavour in 2017 for US$122M

0

10

20

30

40

50

60

70

80

PredictiveDiscovery

Ashanti Gold Cora Gold Volcanic GoldMines

AlgoldResources

ApolloConsolidated

Amani Gold OkloResources

Orezone CardinalResources

West AfricanResources

HummingbirdResources

Mark

et

Capit

alisa

tion U

S$ m

illions

Early-stage

Exploration

Pre-Resource

Drilling Defined

ResourcesDevelopment

$95

$156

$153

$161

Production

$98


Investment Case

• Three project areas

• Over 1,500 km² in Mali/Senegal

• Multiple gold targets with drill intercepts

• Providing exposure to “safe haven” gold in an unstable worldwide political situation

19Objective - To create value by turning: Sanankoro discovery into a mine; &

targets into discoveries

Managed by

a proven

team

High-quality

gold

portfolio

Sanankoro

gold discovery

Exploring in

the shadow of

gold mines

Fast Progress

since IPO

• Significant progress has been made since IPO in October 2017

• Stages 1 and 2 drilling at Sanankoro complete within 6 months of IPO

• Exploration programmes on-going at Sanankoro and Tekeledougou

• Board & management have a proven track record in making

discoveries and developing mines in Africa

• Systematic drilling shows continuity of gold mineralization & impressive grades

• Reconnaissance drilling shows exceptional upside

• Potential to develop into a large standalone mine

• Within possible haul distance at two of the project areas

• Drill ready targets

• Possible route for early cash flow


Jon Forster, [email protected]

Craig Banfield, [email protected]

coragold.com @cora_gold

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