Cora Gold notes partial lifting of permit moratorium in Mali

This partial lifting of the moratorium, which had originally been put in place by the Government on 28 November 2022, is due to come into effect on 15 March 2025. In its announcement, the Government confirmed that from 15 March 2025 its mining administration, in accordance with the provisions of the 2023 Mining Code and its implementing regulations, will receive for processing:

• Applications to renew exploration permits and exploitation permits.
• Applications for the transition from the exploration phase to the exploitation phase.
• Applications for direct or indirect transfer(s) of operating permits.

In its announcement the Government stated that the partial lifting of the moratorium does not apply to applications for the issuance of new mining titles or for the transfer of exploration permits.

Cora sees the partial lifting of the moratorium as a significant and positive turning point for the mining sector in the country and for its flagship Sanankoro Gold Project in south Mali. Cora’s primary focus is advancing permitting at Sanankoro to develop an opencast oxide mine as expeditiously as possible.

Following formal completion of a redrawing exercise in respect to a number of permit areas on which Cora has been engaging closely with Malian authorities, the company intends to submit an application for a mining permit in relation to mine development at Sanankoro. The proposed area of the Sanankoro Mining Permit will comprise parts of the Bokoro II and Kodiou exploration permits (both expired in 2023, during the moratorium period) and the Sanankoro II exploration permit.

Bert Monro, CEO of Cora, comments:

“We welcome this decision by the Mali government and believe it will be a catalyst in re-energising the country’s mining industry. As a major contributor to the national economy, mining will continue to be an important driver of Mali’s future prosperity, and we are keen for Sanankoro to be part of this contribution as soon as possible.

“We have had positive engagement with the Government over the last two years during the permit moratorium period and look forward to progressing our permitting process as quickly as possible once this partial lifting has come into effect. Cora intends to move into construction of the Sanankoro Gold Mine as quickly as possible. Having recently updated the project’s MRE to +1 million oz ahead of an anticipated update to the November 2022 DFS (published at a US$1750 gold price), we are extremely confident in the development potential of the mine. The company looks forward to providing further updates as progress is made on all fronts.”

Read the article online at: https://www.globalminingreview.com/mining/14032025/cora-gold-notes-partial-lifting-of-permit-moratorium-in-mali/