Announcement • Sep 07

Cora Gold Limited Provides Update on Sanankoro 2026 MRE Update Drilling and Reports First Assay Results from Zone B

Cora Gold Limited provided an update on recent drilling results being conducted at the Company's Sanankoro Gold Project in southern Mali. The 2026 drill programme is targeting both extensions to existing deposits and a number of highly prospective near-mine greenfield targets, offering the potential for rapid conversion into future mine plan feed. The first batch of assay results have been received from drilling at Zone B, which is a major focus of the 2026 mineral resource estimate update drilling programme. Zone B was prioritised due to the extensive strike length (>2 km, excluding the additional 1.7 km Zone B North trend), broad mineralised widths, limited deeper drilling, and significant potential to improve continuity within the existing resource area as part of a targeted drilling campaign aimed at extending Inferred mineralisation beyond the current model. Best intercepts from initial assays at Zone B (central) include: 22m @ 2.24 g/t gold from 12m in hole SC0712, 34m @ 6.78 g/t gold from 117m in hole SC0716 (includes 9m @ 23.91 g/t gold from 128m), 54m @ 1.06 g/t gold from 144m in hole SC0718 (includes 8m @ 5.68 g/t gold from 153m), 7m @ 1.05 g/t gold from 37m in hole SC0709. Results to date demonstrate broad intervals of mineralisation outside of the 2024 mineral resource estimate model, including higher-grade zones. The higher-grade zones may present future mining plan optionality to pursue these zones from underground mining. These results provide further confidence in the potential to materially expand the Project's current mineral resource estimate inventory of 1.044 Moz and life of mine of 10.2 years. The drill programme remains ongoing, with assays pending from Selin, Dakounkoura South, Zone A and Zone C with drilling continuing at TRA07, Kary (Zone B south) and the remaining drill holes at Zone B. All drilling areas and their resources are within short trucking distance of Sanankoro's proposed gold processing plant currently undergoing Front-End Engineering Design work programmes. 10,656 metres drilled to date of planned 12,000 metres total, 1,272 metres released in first set of assays. In early June, the Company announced plans of its proposed 2026 mineral resource estimate growth drilling programme, which comprises more than 12,000m of drilling, both diamond drilling but predominantly reverse circulation drilling, to be carried out at four of the five existing deposits at Sanankoro. Zone B is planned to receive the largest allocation of metres due to its significant growth potential resulting from the current mineral resource estimate model being predominantly constrained by a lack of drill coverage along strike and at depth. The Company believes that whilst not a primary focus of the drill programme, portions of the drilling will also convert some of the additional mineral resources into the Indicated category, supporting future ore reserve and mine life growth. This drill programme is part of a broader long-term resource growth strategy across the Sanankoro Project Area, incorporating resource extension and green fields drilling, both of which are designed to enhance the current mine life and reserves of 10.2 years and 531 koz respectively. The exploration and resource definition at Sanankoro is still regarded as being in its infancy with many more drill programmes and greenfield targets to be tested for their resource potential. The exploration potential of Sanankoro is evidenced by an Independent JORC Compliant Exploration Target Report, announced September 2022, of between 26.0 Mt and 35.2 Mt with a grade range of 0.58-1.21 g/t gold for a potential content of 490 koz gold to 1.37 Moz gold, which was in addition to the mineral resource estimate at the time of 24.9 Mt at 1.15 g/t gold for 920 koz, announced on 29 July 2022. To date, during the current campaign at Zone B (central pit area), the Company has drilled 10 holes for 1,272m. Zone B comprises three separate deposits: Zone B South, Zone B Central and Zone B North; these are all hosted along the same mineralised structural corridor associated with the hanging wall of the Sanankoro Main Shear Zone. Collectively, the three deposits extend over approximately 3.7 km of strike length. Drill hole SC0716 intersected a mineralised zone of 34m @ 6.78 g/t gold, with the hole drilled beneath the reported 2025 mineral resource estimate Reasonable Prospects for Eventual Economic Extraction pit shell of USD 2,400/oz and outside the mineral resource estimate mineralised grade shell. The hole also intersected other zones of mineralisation which represents the wider mineralised structure associated with the hanging wall of the Sanankoro Main Shear Zone. Further deeper drilling in the future could be carried out to test for down dip extensions of the higher-grade core of 9m @ 23.91 g/t gold.

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