Cora Gold Ltd acknowledges the Government of Mali’s decision to partially lift the permit moratorium effective March 15, 2025. The lifting allows specific permit applications while maintaining the suspension on new title applications. Cora views this as a critical opportunity for its Sanankoro Gold Project and aims to expedite development plans.
Cora Gold Ltd has observed that on March 7, 2025, the Government of the Republic of Mali announced a partial lifting of the suspension on mining title allocations. This change, effective from March 15, 2025, allows the processing of applications for the renewal of exploration and exploitation permits, transitioning from exploration to exploitation, and the transfer of operating permits. However, it is important to note that new mining title applications remain suspended.
Cora considers this development a significant and positive milestone for Mali’s mining sector and particularly for its flagship Sanankoro Gold Project in southern Mali. The company is focused on advancing permits for the Sanankoro opencast oxide mine as quickly as possible. After completing a redrawing exercise of several permit areas in cooperation with Malian authorities, Cora plans to submit an application for a mining permit covering areas from previously expired exploration permits.
Bert Monro, CEO of Cora Gold, expressed appreciation for the government’s decision, believing it will rejuvenate Mali’s mining industry, a crucial sector for the national economy. He emphasized the commitment to advance the Sanankoro project promptly, aiming for construction commencement soon. Cora has updated the project’s Mineral Resource Estimate to over one million ounces ahead of updates to a previous definitive feasibility study, reinforcing their confidence in the project’s development prospects.
In conclusion, the partial lifting of the moratorium in Mali signifies a pivotal moment for both Cora Gold and the broader mining sector in the country. With applications for certain types of permits being processed, Cora is well-positioned to advance the Sanankoro Gold Project, which is anticipated to contribute significantly to Mali’s economy. The positive engagement with the government and the updated resource estimates further bolster expectations for timely project development.
Original Source: www.globalminingreview.com
