West Africa-focused gold company Cora Gold has announced that the definitive feasibility study (DFS) for the Sanankoro gold project, in southern Mali, will not be completed during the third quarter as previously announced.
Instead, Cora said on September 27 that, while several of the DFS work streams were substantially completed, the company was still busy “optimising various aspects of the study” and would, therefore, only provide an update to the market on the DFS during the fourth quarter.
"Work is continuing at pace on the DFS for Sanankoro. To date, the optimisation exercise has been successful and our work over the past few weeks has indicated that further adjustments can be made to further enhance the project's economics, and we are keen to ensure that the optimal route to production is delivered to the market,” CEO Bert Monro said.