Cora Gold has begun the Front‑End Engineering Design (FEED) process at its Sanankoro Gold Project and appointed SENET, a DRA Global group company, to lead the work.
SENET, an independent project management firm that managed Cora's 2025 and 2022 DFSs, has worked on more than 25 African gold projects and over 80 studies, including 15 in Mali, and Cora is a West African gold developer advancing the Sanankoro open‑pit oxide project in southern Mali.
Cora said completing FEED, due in H2 2026, will firm up capital cost estimates, allow decisions on long‑lead items and potentially compress the Project delivery timetable once the mining permit is secured.
Alongside FEED, the company is refurbishing the Sanankoro exploration camp to support FEED fieldwork and to house the construction team ahead of the permanent mine camp, and it has commenced targeted land compensation in priority areas to support construction readiness.
Permitting remains the final regulatory milestone, the company said, and Chief Executive Bert Monro commented, "The commencement of the FEED process marks a key milestone in the construction timeline and positions us to move swiftly into development once the mining permit is awarded."
Cora also updated its 2025 DFS financial model from a US$2,750/oz base to show post‑tax outputs at US$3,500/oz and US$4,000/oz, with the refreshed results reviewed by Infinity Corporate Finance and described as showing material increases in NPV and IRR at higher gold prices.
The company said Sanankoro is fully funded following a binding US$120m gold stream and an equity raise in March 2026, and it will advance FEED and permitting toward construction.
