Cora Gold : Corporate Presentation

Corporate Presentation

Q4 2023

West African Gold Developer

D I S C L A I M E R

The information being released by the Cora Gold Limited (the "Company") today & attached to the RNS (the "Materials") are being released to provide additional information with respect to the business of the Company. The Materials are not intended to form, & shall not be treated as, the basis of any investment decision or any decision to purchase an interest in the Company. The Materials do not constitute a recommendation regarding the shares of the Company, nor should the Materials be considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. The Materials do not constitute an offer to sell or an invitation for offers to purchase or acquire any securities or any of the business or assets described herein. The Company has provided the information in the Materials, which do not purport to be comprehensive & have not been fully verified by the Company, or any of their respective shareholders, directors, advisers, agents or affiliates. No representation or warranty, express or implied, is or will be made & no responsibility or liability is or will be accepted by the Company or by any of their respective officers, servants or agents or any other person as to or in relation to the accuracy or completeness of the Materials or the information or opinions contained herein or supplied herewith or any other written or oral information made available to any interested party or its advisers & no responsibility or liability is accepted for the accuracy or sufficiency of any of the information or opinions, for any errors, omissions or mis-statements, negligent or otherwise, or for any other communication, written or otherwise, made to anyone in, or supplied with, the Materials. In particular, no representation or warranty is given as to the achievement or reasonableness of any future projections, management estimates, prospects or returns. Certain statements within the Materials constitute forward looking statements. Such forward looking statements involve risks & other factors which may cause the actual results, achievements or performance expressed or implied by such forward looking statements.

Accordingly, neither the Company nor any of its respective shareholders, directors, advisers, agents or affiliates shall be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any statement or omission in, or supplied with, the Materials or in any future communications in connection with your interest in the Company. The information set out in the Materials will not form the basis of any contract. The recipient agrees to keep confidential any written or oral information contained herein or otherwise made available in connection with the Company. The Materials must not be copied, reproduced, distributed or passed to others at any time. The Materials have been delivered to you for information only & upon the express understanding that such parties will use it only for the purpose set out above. The Company undertakes no obligation to provide the recipient with access to any additional information or to correct any inaccuracies herein which may become apparent.

Neither the Materials nor any copy of it may be (a) taken or transmitted into Australia, Canada, Japan, the Republic of Ireland, the Republic of South Africa or the United States of America (each a "Restricted Territory"), their territories or possessions; (b) distributed to any U.S. person (as defined in Regulation S under the United States Securities Act of 1933 (as amended)) or (c) distributed to any individual outside a Restricted Territory who is a resident thereof in any such case for the purpose of offer for sale or solicitation or invitation to buy or subscribe any securities or in the context where its distribution may be construed as such offer, solicitation or invitation, in any such case except in compliance with any applicable exemption. The distribution of the Materials in or to persons subject to other jurisdictions may be restricted by law & persons into whose possession this document comes should inform themselves about, & observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of the relevant jurisdiction.

2	l CORPORATE PRESENTATION l Q4 2023

S N A P S H O T

Portfolio of prospective gold assets within two known gold belts in Mali & Senegal & located amongst multiple operational mines

A T A G L A N C E

AIM listed company advancing proven gold deposits including developing the Sanankoro Gold Project in the Yanfolila Gold Belt, south Mali, into an open pit oxide mine.

Takes its social and environmental responsibilities very seriously and is committed to ensuring its operations are as sustainable as possible.

Team with proven track record in making multimillion -ounce gold discoveries in Africa, which have been developed into operating mines.

K E Y P R O J E C T

SANANKORO GOLD PROJECT - DFS & Optimised Project Economics show a 52.3% IRR & LOM free cash flow of US$234m at a gold price of US$1,750/oz, and project financing underway.

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S A N A N K O R O G O L D P R O J E C T

Advancing to mine construction

• Located in Yanfolila Belt, Southern Mali
• 1.5Mtpa conventional CIL and gravity processing plant from an open pit operation with low strip ratio oxide ore
• Delivers post tax & royalties (US$1,750 gold price):
• • 52.3% IRR
  • 1.2 years payback period
  • 6.8 years Reserve life
  • +80koz in year 1, c.60koz/year average production
  • US$997/oz AISC
  • US$90m capex incl. contingency & mining pre-production costs
• Environmental permit received

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S A N A N K O R O S T R A T E G Y & T I M E L I N E

S T R A T E G Y
Complete permitting & financing as quickly	Start delivering strong free cash flow (FCF)	3	Drive organic growth from infill drilling
1 as possible to commence construction at	2 from low strip ratio oxide ounces at	existing Inferred resources and targeting
Sanankoro for a conventional CIL plant	Sanankoro once in production		significant exploration potential

July	Oct	Nov	Feb	June	Month	Month	Month	Month	Month	Month	18+
2022	2022	2022	2023	2023	1-6*	4	6	12	17	18	months

Resource	Environmental	Optimised	US$20m raised	Signed US$70m	Engineering	Start of	Start of civil	Deliver ball mill	Complete TSF &	Pour first gold	Ramp up
Update	Permit	DFS	in equity + CLN	debt mandate	and design	earthworks	construction	to site	process plant		production

*Subject to lifting of the Government's permit moratorium

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