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INTERNET | Internet Software & Services / Payments
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Founded Year

2017

Stage

Seed | Alive

Total Raised

$120K

Last Raised

$120K | 3 yrs ago

About Kora

Kora allows users to send money to friends and family anywhere in Africa with ease.

Kora Headquarter Location

1, Adedeji Adekola Str., Off Freedom Way Lekki Phase 1.

Lagos,

Nigeria

+1-601-680-0239

Latest Kora News

Drilling of Papua New Guinea Deposit Returns 'Appreciable Widths,' 'High Grades a Plenty'

Aug 5, 2021

August 4, 2021 (Investorideas.com Newswire) A Haywood report explains the positive drill results from K92 Mining's Kora. In a July 22 research note, Haywood Securities analyst Geordie Mark reported that K92 Mining Inc. (KNT:TSX.V) just announced a positive drilling update on underground drilling at Kora. "The consistency in hitting gold mineralization at Kora is impressive. . .step outs continue to show growth potential without bounds," Mark wrote about the results. With its efforts, K92 aimed to increase drill density across up- and down-dip orientations and toward the south. Ultimately, the objective was to convert and expand the existing resource. The analyst explained why the results are positive. For one, the width of the intersections encountered bode well for converting the resource and, in certain areas, boosting the grade. The average thickness hit in the K1 vein was 2.64 meters (2.64m) and 3.94m in the K2 vein. Two, stepout holes testing the K2 hanging wall vein beyond the existing resource boundary showed that high-grade mineralization extended into that area. For instance, stepout hole KMDD0343 demonstrated 17.4m of 10.2 grams per tonne gold equivalent (10.2 g/t Au eq). Three, the high grades of the intersections encountered were equivalent to those of the existing Measured & Indicated resource, 10.45 g/t Au eq. The grade of more than half of the reported intersections was greater than 10 g/t Au eq. These new grades should also positively affect the existing resource grade. High grades are evident in some of the drill result highlights, which Mark provided. Intercepts from K1 included 71.64 g/t Au eq over 3.00m (hole KMDD0286) and 37.98 g/t Au eq over 5.35m (hole KMDD0292). In K2, hole KMDD0286 returned 12.75 g/t Au eq over 2.90m. Mark pointed out that the resource update might support a larger operation than the one outlined in the preliminary economic assessment, which has a 1 million tonne per annum nameplate rate. The definitive feasibility study for a stage three expansion is anticipated in H1/22. Haywood has a Buy rating on K92 Mining, which remains one of its Top Picks. "We believe K92 should garner further interest from investors given its re-rating potential supported by a growing production base at Kainantu, and near-mine resource expansion opportunities at Kora, Judd, Karempe, and Blue Lake," the analyst wrote. Haywood's target price on K92 is CA$11 per share; the stock is currently trading at around CA$9. Disclosure: 1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. 3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer . This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. Disclosures from Haywood Securities, K92 Mining Inc., July 22, 2021 Analyst Certification: I, Geordie Mark, hereby certify that the views expressed in this report (which includes the rating assigned to the issuer's shares as well as the analytical substance and tone of the report) accurately reflect my/our personal views about the subject securities and the issuer. No part of my/our compensation was, is, or will be directly or indirectly related to the specific recommendations. Important Disclosures Of the companies included in the report the following Important Disclosures apply: Haywood Securities, Inc. has reviewed lead projects of Equinox Gold Corp. (EQX-V), Calibre Mining Corp. (CXB-T), Galiano Gold (GAU-T), K92 Mining Inc. (KNT-T) and a portion of the expenses for this travel may have been reimbursed by the issuer. Haywood Securities Inc. or one of its subsidiaries has received compensation for investment banking services from Equinox Gold Corp. (EQX-V) in the past 12 months. Other material conflict of interest of the research analyst of which the research analyst or Haywood Securities Inc. knows or has reason to know at the time of publication or at the time of public appearance: n/a. Research policy is available here . More Info: This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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Expert Collections containing Kora

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Kora is included in 2 Expert Collections, including Africa Fintech.

A

Africa Fintech

223 items

F

Fintech

10,750 items

Excludes US-based companies

Kora Patents

Kora has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/4/2015

8/20/2019

Mass spectrometry, Ion source, Mass spectrometrists, Tandem mass spectrometry, Analytical chemistry

Grant

Application Date

12/4/2015

Grant Date

8/20/2019

Title

Related Topics

Mass spectrometry, Ion source, Mass spectrometrists, Tandem mass spectrometry, Analytical chemistry

Status

Grant

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