Half-year Results

Cora Gold Limited, the West African focused gold company, is pleased to announce its unaudited interim results for the six months ended 30 June 2026.

Highlights

Operational & Corporate Development

• £15.707 million equity fundraise completed in March 2026, including a £13.707 million strategic investment by Eagle Eye Asset Holdings Pte. Ltd. ('Eagle Eye') together with a £2 million retail offer.
• Eagle Eye, a Singapore-based single-family office, became the Company's largest shareholder and currently holds 29.85% of ordinary shares in issue.
• Eagle Eye is a major strategic shareholder and funding partner for Toubani Resources Limited (ASX:TRE), backing the development of the Kobada Gold Project in Mali, and is also an investor in other African infrastructure and mining projects.
• Alongside the strategic investment, Eagle Eye's appointee Aryann Gupta joined the Board as a Non-Executive Director. Mr Gupta is Head of Mergers & Acquisitions at A2MP Investments FZCO, a platform dedicated to unlocking Africa's potential in minerals and metals processing.
• Binding term sheet signed in April 2026 with Eagle Eye for a US$120 million gold stream to fund Sanankoro through to production.
• Commencement of the Front-End Engineering Design ('FEED') process at Sanankoro - a key element in readying the project for full construction.
• 12,000 metre drilling campaign launched at Sanankoro to target 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.
• H&P Advisory Limited appointed as financial adviser and broker alongside Nominated Adviser and broker Cavendish Capital Markets Limited.
• In March 2026 Adam Davidson (Non-Executive Director of the Company) took over the role of Chair of the Board of Directors from Edward Bowie, who remains Non-Executive Director of the Company.

Post Period-End Developments

• Sanankoro II exploration permit renewal approved by Mali's Council of Ministers on 21 August 2026 - a key development in the permitting process ahead of planned construction at Sanankoro.
• Deadline to replace 50% of the gold stream with senior debt extended to the later of 30 October 2027 or six months after grant of mining permit.
• Russell White appointed Non-Executive Director, bringing over 40 years' West African gold mining experience.

Bert Monro, Chief Executive Officer of Cora, commented, "This has been a truly transformational period for Cora as Sanankoro has transitioned from an advanced development asset into a fully funded gold project approaching construction. In the space of a few months we have secured the funding to build the mine, commenced Front-End Engineering Design, launched a major resource growth drilling programme and made tangible progress on the permitting pathway. The pace of advancement reflects both the quality of the project and the focus of the team delivering it.

"The FEED process, announced in May 2026, is progressing well and will allow us to make key decisions on long lead items with a view to potentially compressing the delivery timeline and expedite production, once the necessary permitting is received. Alongside this, our 12,000-metre drill programme is targeting extensions to existing deposits and near-mine greenfield targets, reinforcing our belief that the current MRE of 1,044 koz is just the starting point for Sanankoro.

"We continue to be encouraged by the positive appetite shown by a number of West African focused banks to provide traditional senior debt for Sanankoro. Blending senior debt alongside the stream from Eagle Eye is expected to enhance Sanankoro's economics further, and we are grateful for Eagle Eye's ongoing support and flexibility in extending the period in which we may exercise our right to introduce that debt.

"The recent renewal of the Sanankoro II exploration permit by Mali's Council of Ministers is a significant step in the ongoing permit reshaping exercise needed to consolidate all mining infrastructure under a single mining permit area. We continue to work closely with the Government of Mali to have the Project fully permitted as quickly as possible. Sanankoro is now on the cusp of construction, and we look forward to sharing further progress in the near future."

Cora has a Probable Reserve of 531 koz at 1.13 g/t Au (US$2,200/oz Au pit shell design). The 2025 Definitive Feasibility Study showed that the Project has strong economic fundamentals, including 98% IRR post tax, US$365 million NPV8 post tax and all-in sustaining costs of US$1,623/oz based on a gold price of US$3,500/oz.

In April 2026, the Company secured a binding US$120 million gold stream which, together with existing equity, fully funds the development of Sanankoro through to production. The agreement also provides flexibility and was amended in August 2026 to allow up to 50% of the stream to be replaced with traditional senior debt by the later of (i) 30 October 2027; and (ii) 6 months after the date on which the mining rights permit is granted by the government of Mali, enabling optimisation of the financing structure. With funding in place, the Company is advancing the finalisation of the permitting process with the Government of Mali to enable a swift transition into mine construction.

Consolidated Statement of Financial Position

As at 30 June 2026 and 2025, and 31 December 2025

All amounts stated in thousands of United States dollar

The notes below form an integral part of the Condensed Consolidated Financial Statements.

Consolidated Statement of Comprehensive Income

For the six months ended 30 June 2026 and 2025, and the year ended 31 December 2025

All amounts stated in thousands of United States dollar (unless otherwise stated)

Earnings per share from continuing operations attributable to owners of the parent

The notes below form an integral part of the Condensed Consolidated Financial Statements.

Consolidated Statement of Changes in Equity

For the six months ended 30 June 2026 and 2025, and the year ended 31 December 2025

All amounts stated in thousands of United States dollar

The notes below form an integral part of the Condensed Consolidated Financial Statements.

Consolidated Statement of Cash Flows

For the six months ended 30 June 2026 and 2025, and the year ended 31 December 2025

All amounts stated in thousands of United States dollar

The notes below form an integral part of the Condensed Consolidated Financial Statements.

Notes to the Condensed Consolidated Financial Statements

For the six months ended 30 June 2026 and 2025, and the year ended 31 December 2025

All tabulated amounts stated in thousands of United States dollar (unless otherwise stated)

General information

The principal activity of Cora Gold Limited ('the Company') and its subsidiaries (together the 'Group') is the exploration and development of mineral projects, with a primary focus in West Africa. The Company is incorporated and domiciled in the British Virgin Islands. The address of its registered office is Rodus Building, Road Reef Marina, P.O. Box 3093, Road Town, Tortola VG1110, British Virgin Islands.

The condensed consolidated interim financial statements of the Group for the six months ended 30 June 2026 comprise the results of the Group and have been prepared in accordance with AIM Rules for Companies. As permitted, the Company has chosen not to adopt IAS 34 Interim Financial Reporting in preparing these interim financial statements.

The condensed consolidated interim financial statements for the period 01 January to 30 June 2026 are unaudited. In the opinion of the directors the condensed consolidated interim financial statements for the period present fairly the financial position, and results from operations and cash flows for the period in conformity with generally accepted accounting principles consistently applied. The condensed consolidated interim financial statements incorporate unaudited comparative figures for the interim period 01 January to 30 June 2025 and extracts from the audited consolidated financial statements for the year ended 31 December 2025.

The interim report has not been audited or reviewed by the Company's auditor.

The key risks and uncertainties and critical accounting estimates remain unchanged from 31 December 2025 and the accounting policies adopted are consistent with those used in the preparation of its financial statements for the year ended 31 December 2025.

As at 30 June 2026 and 2025, and 31 December 2025:

• the Company held a 100% shareholding in Cora Exploration Mali SARL (registered in the Republic of Mali, with its registered office at Banankabougou, Rue 601, Bollé II-Zone III- SEMA, Bamako, Mali);
• the Company held a 100% shareholding in Cora Gold Mali SARL (registered in the Republic of Mali, with its registered office at Banankabougou, Rue 601, Bollé II-Zone III- SEMA, Bamako, Mali);
• the Company held a 95% shareholding in Sankarani Ressources SARL (registered in the Republic of Mali, with its registered office at Banankabougou, Rue 601, Bollé II-Zone III- SEMA, Bamako, Mali); and
• Cora Resources Mali SARL (registered in the Republic of Mali, with its registered office at Banankabougou, Rue 601, Bollé II-Zone III- SEMA, Bamako, Mali) was a wholly owned subsidiary of Sankarani Ressources SARL.

The remaining 5% of Sankarani Ressources SARL can be purchased from a third party for US$1 million.

In addition, as at 30 June 2026 the Company held a 100% shareholding in Cora Gold Senegal SUARL (registered in the Republic of Senegal, with its registered office at Sacré Cœur Pyrotechnie, Cité Keur Gorgui, Lot no. 23, Immeuble 'les Signares', Appart L11, Dakar, Senegal).

Expenses by nature

The calculation of the basic and fully diluted earnings per share attributable to the equity shareholders is based on the following data:

As at 30 June 2026 and 2025, and 31 December 2025 the Company's issued and outstanding capital structure comprised a number of ordinary shares, warrants and share options (see Note 8).

Intangible assets

Intangible assets relate to exploration, evaluation and development project costs capitalised as at 30 June 2026 and 2025, and 31 December 2025, less impairment.

Additions to project costs during the six months ended 30 June 2026 and 2025, and the year ended 31 December 2025 were in the following geographical areas:

Additions to project costs in Mali during the six months ended 30 June 2026 include fees and costs incurred in relation to the Stream (see Note 7).

Project costs capitalised as at 30 June 2026 and 2025, and 31 December 2025 related to the following geographical areas:

Project costs capitalised as at 30 June 2026 and 2025, and 31 December 2025 related to:

• in Mali, the Bokoro II, Bokoro Est, Dako II, Kodiou and Sanankoro II permits in the Sanankoro Project Area; and
• in Senegal, the Madina Foulbé permit in the Madina Foulbé Project Area.

The Company's primary focus is on further developing the Sanankoro Gold Project located within the Sanankoro Project Area in Mali.

In accordance with the regulations in Mali an exploration permit is initially awarded for a period of 3 years which, at the request of the permit holder, can subsequently be renewed twice with the duration of each renewal period being 3 years. On 28 November 2022 the Mali government announced the suspension of issuing permits in the mining sector. On 15 March 2025 this moratorium was partially lifted by the government such that, in accordance with the provisions of the 2023 Mining Code and its implementing texts, the mining administration can receive for processing:

• applications to renew exploration permits and mining permits;
• applications for transition from the exploration phase to the mining phase; and
• applications for the transfer of mining permits.

The government stated that this partial lifting of the moratorium does not apply to applications for the issuance of new permits or for the transfer of exploration permits. As regards the five contiguous permits that make up the Sanankoro Project Area the moratorium has impacted:

• the interim renewals of the Bokoro Est, Dako II and Sanankoro II exploration permits; and
• applications for new permits in relation to the Bokoro II and Kodiou exploration permits, the respective expiry dates of which were in the moratorium period.

The Company is actively engaging with the mining administration regarding these matters and being issued a mining permit for the Sanankoro Gold Project, covering the area of the Sanankoro II exploration permit plus parts of the areas covered by the Bokoro II and Kodiou exploration permits.

See Note 12 for permitting related events after the reporting date.

Trade and other receivables

Cash and cash equivalents

Cash and cash equivalents held as at 30 June 2026 and 2025, and 31 December 2025 were in the following currencies:

As at 30 June 2026 and 31 December 2025 cash and cash equivalents held included collateralised amounts totalling XOF33,042,360 (being equivalent to approximately US$58,000 as at 30 June 2026 and US$59,000 as at 31 December 2025) held by a Malian bank in relation to irrevocable guarantees issued by the bank to the State of Mali (see Note 10).

Trade and other payables

On 16 April 2026 the Company entered into a binding term sheet with Eagle Eye for a US$120 million gold stream (the 'Stream') to support the development of the Sanankoro Gold Project through to production. Under the Stream, Eagle Eye will be entitled, for the life of mine, to purchase 30.44% of gold production (reducing to 15.22% if 50% of the Stream is replaced with traditional senior debt) at a price equal to 20% of the prevailing spot gold price. The Company retains the right, for a period of up to 240 days following receipt of all required approvals, to replace 50% of the Stream with traditional senior debt. The binding term sheet remains subject to certain conditions, including the negotiation and execution of definitive documentation, and receipt of any regulatory approvals identified during due diligence. In the event that the Stream transaction does not complete then Eagle Eye shall be entitled to a residual stream equal to 2.5% of all gold produced by the Sanankoro mine and the related process plant. In relation to the Stream, during the six months ended 30 June 2026 the Company paid a fee of US$4.8 million to Eagle Eye and incurred costs of approximately US$214,000 reimbursable to Eagle Eye. In the event that the Company extends its right to replace 50% of the Stream with traditional senior debt beyond 120 days following receipt of all required approvals (up to a maximum of 240 days following receipt of all required approvals) then further fees for each of up to four additional periods of 30 days would become payable to Eagle Eye, with such fees being in aggregate up to US$4 million. See Note 12 for Stream related events after the reporting date.

On 22 April 2026 the Company appointed H&P Advisory Limited to act as financial adviser in relation to proposed debt raising for the purposes of the Sanankoro Gold Project. The focus of this exercise is to seek to replace 50% of the Stream with traditional senior debt.

Share capital

The Company is authorised to issue an unlimited number of no par value shares of a single class.

During the six months ended 30 June 2025:

• on 01 April 2025 the Company closed a subscription for 32,624,205 ordinary shares in the capital of the Company at a price of 4.75 pence (British pound sterling) per ordinary share for total gross proceeds of GBP£1,549,649.74 (the 'April 2025 Fundraise'). Each ordinary share subscribed in the 2025 Fundraise has a warrant attached to subscribe for one new ordinary share in the capital of the Company at a price of 7 pence (British pound sterling) per ordinary share expiring on 01 April 2027. Certain directors of the Company participated in the April 2025 Fundraise; and
• on 01 April 2025 the board of directors granted and approved share options over 19,150,000 ordinary shares in the capital of the Company exercisable at 6.25 pence (British pound sterling) per ordinary share expiring on 01 April 2030.

As at 30 June 2025 the Company's issued and outstanding capital structure comprised:

• 484,802,350 ordinary shares;
• warrants to subscribe for 32,624,205 ordinary shares in the capital of the Company at a price of 7 pence (British pound sterling) per ordinary share expiring on 01 April 2027;
• share options over 4,300,000 ordinary shares in the capital of the Company exercisable at 10 pence (British pound sterling) per ordinary share expiring on 12 October 2025;
• share options over 5,050,000 ordinary shares in the capital of the Company exercisable at 10.5 pence (British pound sterling) per ordinary share expiring on 08 December 2026;
• share options over 13,350,000 ordinary shares in the capital of the Company exercisable at 4 pence (British pound sterling) per ordinary share expiring on 13 March 2028; and
• share options over 19,150,000 ordinary shares in the capital of the Company exercisable at 6.25 pence (British pound sterling) per ordinary share expiring on 01 April 2030.

During the six months ended 31 December 2025:

• on 12 October 2025 share options over 4,300,000 ordinary shares in the capital of the Company exercisable at 10 pence (British pound sterling) per ordinary share expired; and
• on 22 December 2025 the Company closed a subscription for 17,466,661 ordinary shares in the capital of the Company at a price of 6 pence (British pound sterling) per ordinary share for total gross proceeds of GBP£1,047,999.66 (the 'December 2025 Fundraise'). Certain directors of the Company participated in the December 2025 Fundraise.

As at 31 December 2025 the Company's issued and outstanding capital structure comprised:

• 502,269,011 ordinary shares;
• warrants to subscribe for 32,624,205 ordinary shares in the capital of the Company at a price of 7 pence (British pound sterling) per ordinary share expiring on 01 April 2027;
• share options over 5,050,000 ordinary shares in the capital of the Company exercisable at 10.5 pence (British pound sterling) per ordinary share expiring on 08 December 2026;
• share options over 13,350,000 ordinary shares in the capital of the Company exercisable at 4 pence (British pound sterling) per ordinary share expiring on 13 March 2028; and
• share options over 19,150,000 ordinary shares in the capital of the Company exercisable at 6.25 pence (British pound sterling) per ordinary share expiring on 01 April 2030.

During the six months ended 30 June 2026:

● on 31 March 2026 the Company closed a subscription (the 'Subscription') by Eagle Eye Asset Holdings Pte. Ltd. ('Eagle Eye') for 228,452,356 ordinary shares in the capital of the Company at a price of 6 pence (British pound sterling) per ordinary share for total gross proceeds of GBP£13,707,141.36. Concurrent with the Subscription the Company closed a retail offering for 33,333,333 ordinary shares in the capital of the Company at a price of 6 pence (British pound sterling) per ordinary share for total gross proceeds of GBP£1,999,999.98. Upon closing of the Subscription Eagle Eye became the Company's largest shareholder, holding 228,452,356 ordinary shares (being 29.90% of the total number of ordinary shares issued and outstanding);

• on 31 March 2026 the board of directors granted share options over 28,150,000 ordinary shares in the capital of the Company exercisable at 8 pence (British pound sterling) per ordinary share expiring on 31 March 2031;
• in April 2026 share options were exercised over 1,000,000 ordinary shares in the capital of the Company at a price of 4 pence (British pound sterling) per ordinary share expiring on 13 March 2028 for total gross proceeds of GBP£40,000; and
• in June 2026 warrants were exercised to subscribe for 242,105 ordinary shares in the capital of the Company at a price of 7 pence (British pound sterling) per ordinary share expiring on 01 April 2027 for total gross proceeds of GBP£16,947.35.

As at 30 June 2026:

• the Company's issued and outstanding capital structure comprised:
• 765,296,805 ordinary shares;
• warrants to subscribe for 32,382,100 ordinary shares in the capital of the Company at a price of 7 pence (British pound sterling) per ordinary share expiring on 01 April 2027;
• share options over 5,050,000 ordinary shares in the capital of the Company exercisable at 10.5 pence (British pound sterling) per ordinary share expiring on 08 December 2026;
• share options over 12,350,000 ordinary shares in the capital of the Company exercisable at 4 pence (British pound sterling) per ordinary share expiring on 13 March 2028; and
• share options over 19,150,000 ordinary shares in the capital of the Company exercisable at 6.25 pence (British pound sterling) per ordinary share expiring on 01 April 2030; and
• share options over 28,150,000 ordinary shares in the capital of the Company exercisable at 8 pence (British pound sterling) per ordinary share expiring on 31 March 2031.
• Eagle Eye, the Company's largest shareholder, held 228,452,356 ordinary shares (being 29.85% of the total number of ordinary shares issued and outstanding).

In accordance with the Company's Share Option Scheme, 25% of any share options granted vest on the later of (i) the date of grant or (ii) the date of appropriate authority provided by the shareholders, and a further 25% of the share options vest on each of the 6-month, 12-month and 18-month anniversaries thereafter. As at 30 June 2026 vested share options comprised:

• share options over 5,050,000 ordinary shares in the capital of the Company exercisable at 10.5 pence (British pound sterling) per ordinary share expiring on 08 December 2026;
• share options over 12,350,000 ordinary shares in the capital of the Company exercisable at 4 pence (British pound sterling) per ordinary share expiring on 13 March 2028;
• share options over 14,362,500 ordinary shares in the capital of the Company exercisable at 6.25 pence (British pound sterling) per ordinary share expiring on 01 April 2030, with a further 4,787,500 vesting on 01 October 2026; and
• share options over 7,037,500 ordinary shares in the capital of the Company exercisable at 8 pence (British pound sterling) per ordinary share expiring on 31 March 2031, with a further 7,037,500 vesting on each of 30 September 2026, and 31 March and 30 September 2027.

Movements in capital during the six months ended 30 June 2026 and 2025, and the year ended 31 December 2025 were as follows:

The fair value of share options has been calculated using the Black-Scholes Model, the inputs into which were as follows:

• for share options granted on 01 April 2025:
• strike price 6.25 pence (British pound sterling);
• share price 6.25 pence (British pound sterling);
• volatility 31.6%;
• vesting in four tranches and expiring on 01 April 2030;
• risk free rate 4.3%; and
• dividend yield 0%.
• for share options granted on 31 March 2026:
• strike price 8 pence (British pound sterling);
• share price 7.4 pence (British pound sterling);
• volatility 20.9%;
• vesting in four tranches and expiring on 31 March 2031;
• risk free rate 4.5%; and
• dividend yield 0%.

The cost of share based payments relating to share options has been recognised in the consolidated statement of comprehensive income and in retained (deficit) / earnings for the six months ended 30 June 2026 and 2025, and the year ended 31 December 2025 as follows:

Ultimate controlling party

The Company does not have an ultimate controlling party.

On 31 March 2026 Eagle Eye became the Company's largest shareholder when the Company closed the Subscription by Eagle Eye for 228,452,356 ordinary shares in the capital of the Company at a price of 6 pence (British pound sterling) per ordinary share for total gross proceeds of GBP£13,707,141.36. As at 30 June 2026 and the date of these condensed consolidated interim financial statements the Company's largest shareholder was Eagle Eye which held 228,452,356 ordinary shares, being 29.85% of the total number of ordinary shares issued and outstanding. Eagle Eye is a Monetary Authority of Singapore registered single-family office, managing the investment portfolios of the founding and promoter family, of which Aryann Gupta (Non-Executive Director of the Company) is a family member. Eagle Eye is established as a trust, of which Aryann Gupta (Non-Executive Director of the Company) is a beneficiary.

With effect from 31 March 2026 Eagle Eye entered into a relationship agreement with the Company to regulate the relationship between the Eagle Eye and the Company (the 'Eagle Eye Relationship Agreement') on an arm's length and normal commercial basis. In the event that the Eagle Eye's shareholding becomes less than 10% then the Eagle Eye Relationship Agreement shall terminate.

As at 30 June 2025 and 31 December 2025 the Company's largest shareholder was Brookstone Business Inc ('Brookstone'). As at 30 June 2025 Brookstone held 150,836,532 ordinary shares, being 31.11% of the total number of ordinary shares issued and outstanding. As at 31 December 2025 Brookstone held 156,169,865 ordinary shares, being 31.09% of the total number of ordinary shares issued and outstanding. Brookstone is wholly owned and controlled by First Island Trust Company Ltd as Trustee of The Nodo Trust, being a discretionary trust with a broad class of potential beneficiaries. Patrick Quirk, father of Paul Quirk (Non-Executive Director of the Company), is a potential beneficiary of The Nodo Trust.

On 30 March 2026 Brookstone, Key Ventures Holding Ltd ('KVH') and Paul Quirk (Non-Executive Director of the Company) (collectively the 'Investors') entered into a new relationship agreement with the Company (the 'Investors Relationship Agreement'; replacing the relationship agreement entered into by the Investors and the Company on 18 March 2020) to regulate the relationship between the Investors and the Company on an arm's length and normal commercial basis. In the event that the Investors' aggregated shareholding becomes less than 10% then the Investors Relationship Agreement shall terminate. KVH is wholly owned and controlled by First Island Trust Company Ltd as Trustee of The Sunnega Trust, being a discretionary trust of which Paul Quirk (Non-Executive Director of the Company) is a potential beneficiary. As at 30 June 2026 and the date of these condensed consolidated interim financial statements the Investors' aggregated shareholding was 22.32% of the total number of ordinary shares issued and outstanding.

Contingent liabilities

In relation to the initial award or interim renewal of an exploration permit in Mali the 2023 Mining Code states that the permit holder is required to provide the State of Mali with a bond ('Exploration Bond') issued by a local financial institution. The value of the Exploration Bond must be at least 20% of the total amount of estimated costs for planned work programmes over the initial or interim 3-year term of the exploration permit (the 'Planned Costs'). In the event that:

• there are delays or failures in the completion of planned work programmes; or
• there is unrepaired environmental damage; or
• there are inaccuracies in technical reports submitted to the authorities

then the State of Mali may claim amounts in respect of such matters (the 'Shortfall') from the related Exploration Bond.

During the six months ended 31 December 2025 a number of irrevocable guarantees as Exploration Bonds were issued by a Malian bank to the State of Mali in relation to exploration permits for Sanankoro II and Bokoro II. As at the date of these condensed consolidated interim financial statements the issuance of the relevant exploration permit for Bokoro II is outstanding.

As at 30 June 2026 (unaudited) and 31 December 2025 (audited) the value of Exploration Bonds and amounts held as collateral by the Malian bank in relation to such Exploration Bonds were as follows:

^ dates to be confirmed upon issuance of the relevant exploration permits

As at 30 June 2026 (unaudited) the United States dollar equivalent of the above CFA franc (XOF) amounts is as follows:

As at 31 December 2025 (audited) the United States dollar equivalent of the above CFA franc (XOF) amounts is as follows:

The amount of any potential Shortfall cannot be determined until the related exploration permit expires. At the current stage, it is not considered that the outcome of these contingent liabilities can be considered probable or reasonably estimable and hence no provision has been recognised in the financial statements.

See Note 7 for potential obligations in relation to the Stream transaction with Eagle Eye.

A number of the Company's project areas have potential obligations, including potential net smelter return royalty obligations, together with options for the Company to buy out the royalty, and potential gold stream obligations. At the current stage of development, it is not considered that the outcome of these contingent liabilities can be considered probable or reasonably estimable and hence no provision has been recognised in the financial statements.

Capital commitments

In May and June 2026 the Company entered into contracts with a number of independent contractors in relation to the Front-End Engineering Design ('FEED') process and other early works at the Sanankoro Gold Project. The total estimated cost in respect of these contracts is approximately US$1,786,000 including disbursements. The FEED and other early works are expected to be completed in 2026. As at 30 June 2026 under the terms of these contracts the Company had incurred costs of approximately US$503,000.

There were no capital commitments as at 31 December 2025.

In April 2025 the Company entered into a contract with New SENET (Pty) Ltd, independent project management company, in relation to updating the 2022 Definitive Feasibility Study for the Sanankoro Gold Project. The estimated cost in respect of this contract is approximately US$214,000. The updated Definitive Feasibility Study was completed in September 2025. As at 30 June 2025 under the terms of the contract the Company had incurred costs of approximately US$151,000.

Events after the reporting date

On 07 August 2026 the Company elected to extend its right to replace 50% of the Stream with traditional senior debt for an additional period of 30 days, expiring on 16 September 2026. On 25 August 2026 Eagle Eye and Cora mutually agreed, by way of an addendum to the binding term sheet, to increase the maximum period for which the Company may extend its right to replace 50% of the Stream with traditional senior debt from what would have been 15 December 2026 to the later of (i) 30 October 2027 and (ii) 6-months after the date on which the mining rights permit is granted by the government of Mali. In relation to this extension of the Company's right to replace 50% of the Stream the Company paid to Eagle Eye fees totalling US$4 million (including US$800,000 paid previously in relation to the Company's election to extend its right to replace 50% of the Stream with traditional senior debt for an additional period of 30 days, expiring on 16 September 2026).

On 21 August 2026 Mali's Council of Ministers approved the first interim renewal of the Sanankoro II exploration permit that was awarded on 02 March 2021.

• Approval of condensed consolidated interim financial statements

The condensed consolidated interim financial statements were approved and authorised for issue by the board of directors of Cora Gold Limited on 03 September 2026.