Hello, you're watching Proactive. I'm joined by Burt Munro. He's the CEO of Cora Gold. Burt's very good to meet you. For viewers not familiar with the company, could you tell us a little bit about Cora Gold and your projects? Cora Gold is an ableistic gold company. Thank you very much in West Africa. Our main project is called the Sand and Cora Gold project. It's just under a million ounces of oxide gold in southern Mali. We've also got a secondary project called Medina full weight, which sits in the very prospective Kenny Abel window at the east of Senegal. That's an earlier stage exploration project pre-resorts stage. But maybe starting with the Sand and Cora projects, Burt, what stage is that project? Yes, the Sand and Cora has got a positive DFS completed on it at the very end of 2022. So through 2021, we had significant resource expansion there. As I mentioned, our resources are just under a million ounces of subsequent. We delivered a maiden reserve of over 400,000 ounces of gold and, of course, to DFS. It's an open-pit oxide mining operation there, so very amenable with free digging oxides with no drill and blast, no crushing, which is great. Our economics were done at 1750 gold, and that gave a plus 50% IRR in the project at a little over 1.2 years of a payback grid. So for us, a really exciting project, but very much at the development stage. And you're rather with 2024 exploration update last week, Burt, encouraged by what you're seeing as you move forward? I think what we were trying to share in the exploration update was the fact that there's so much more to come with it. All of our resources are from only around six kilometers of drill strike length. What that exploration update showed is we've got 50 kilometers plus of exploration potential there, 20 new targets, and it's worth mentioning in addition to our 920,000 ounces of resources. We've also got the exploration target of over a million ounces as well. So for us, whilst our feasibility study is very exciting and you've got a quick return project, I think very much in its infancy from an exploration perspective, we think there's a lot of scope for the project degree significantly. And your thoughts on Mali as a mining jurisdiction? I mean, fantastic. I mean, I've been working there and living there for the last decade. Obviously, you've got some absolutely worth of absolutely world-class mines there. Obviously, you've got Kota, Marilla, going back, and obviously some very large current operators like B2 Golds, but Kola mine. So if you're looking for the large scale, projects, large scale deposits, I still think Mali's is a world-class jurisdiction to be going into for that. How about your other projects then in Senegal, Burt? Yeah, we've got a project called Medina Full Bay in Senegal. It's a nice big project. It's around 200-square-kilometer package. It's right on the eastern border of Senegal, so it lies in what's known as the Kennyable window. I'll give you that's been the most prolific and most prospective jurisdiction in West Africa and across the olive Africa, really, in the last 30 years. It's at an earlier stage, but we drilled a little bit a couple of years ago and then we went back this year and we drilled it again, had some really nice hits with some good grays and good widths. So very much something to follow up on and obviously looking forward to doing that in the coming months or years. Burt, you mentioned that you were working on a $1,750 gold price with Senon Cora, so I presume at $2,650, the economics are looking pretty good for projects like these. Oh, yeah, 100%. I mean, our rule of sustaining costs came in at just under $1,000 a month in our study. So yeah, if you add nearly $1,000 to the gold price per ounce from when we did our study, from what economics we published our study at, but it only looks more exciting because I mentioned it was a 53% IRR and a 70-50 gold price 1.2 year payback period, so these numbers would certainly be looking a lot more exciting too. Burt, the source of news flow that investors should be looking out for? I think a little bit of a aware, but obviously Marley has been putting in place a new mining code over the last 18 months or so. And for us, that's the reason that having obviously arranged $70 million of debt for the project, which we announced last year, obviously we haven't yet received our mining payments. So Marley's been going through this process. It's recently in the last two months signed a new mining code into Laurel, and obviously you've seen a bit of movement probably the news from some big producers making progress on their permitting in Marley. So for us, there's a little light to the end of the tunnel in that regard, and we're hoping that we can be pressing ahead with the project, with the new mining code at place in the future. So for us, that's obviously the big news flow. Obviously, there's ongoing exploration work and exploration success as well. So, hopefully, there's more to the story than just the development of Santa Cruz. Well, Burt, I hope you'll keep us updated on any progress. Thank you very much for the introduction today. Absolutely. Thanks a lot for having me on. Nice to chat. Very welcome. Burt Monroe, CEO of CoraGold.
