CORA

Cora Gold Limited

Basic Resources First-pass screen £77m

410/1000 Overall fit

AI beneficiary 35% 20

Operating leverage 25% 65

Valuation 25% 50

Downside protection 15% 38

First-pass take

West African gold developer, pre-revenue, with zero AI exposure. DFS shows strong project economics (65% IRR post-tax, $221m NPV8 at $2,750/oz), but company is development-stage and dependent on capital markets, regulatory approval, and commodity prices.

Flags

junior-miningpre-revenueno-ai-exposurecommodity-exposedgeopolitical-riskdevelopment-stagemicro-cap