Sarama Resources Ltd. · TSXV:SWA
Sarama Resources — Corporate Update (January 2023)
23 slides from Sarama Resources's corporate update, Jan 31, 2023
Slide 1: Exploration Drilling Review
For personal use only Exploration Drilling Review January 2023 TSX-V:SWA ASX:SRR 0
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS For personal use only Information in this presentation that is not a statement of historical fact constitutes forward-looking information. Such forward-looking information includes statements with respect to the exploration and development plans of projects in which Sarama
Slide 3: Investment Highlights: Significant Exploration Upside & Large Undervalued Resource
INVESTMENT HIGHLIGHTS SIGNIFICANT EXPLORATION UPSIDE & LARGE UNDERVALUED RESOURCE For personal use only • 100% owned land position in heart of two prolific gold belts in SW Burkina Faso • Sanutura hosts the major part of a very large, gold-camp sized mineralizing system Mana • Value underpinned by a
Slide 4: Sanutura Project: Solid Resource Foundation with Significant Exploration Upside
SANUTURA PROJECT SOLID RESOURCE FOUNDATION WITH SIGNIFICANT EXPLORATION UPSIDE For personal use only Sarama PROJECT OVERVIEW Endeavour Sarama/Endeavour Gold-in-soil • Project forms major part of a regional gold-camp with +4Moz Au within a Karankasso JV Bondi 6km radius of the Tankoro Deposit – a lar
Slide 5: Tankoro Deposit - Primary Resource Areas
TANKORO DEPOSIT - PRIMARY RESOURCE AREAS MM & MC PROSPECTS - ACCOUNT FOR ~80% OF THE METAL IN THE TANKORO CORRIDOR For personal use only • Recent drilling at MM has returned multiple new high- MM Prospect grade intersections in near surface oxide material 1.4Moz Au • Discovery of new high-grade gold
Slide 6: Tankoro Deposit – Oxide Resource Growth
TANKORO DEPOSIT – OXIDE RESOURCE GROWTH LARGE SYSTEM WITH ESTABLISHED MULTI-MILLION OUNCE RESOURCE For personal use only • Big system, semi-contiguous for 16km & runs a further +5km off Sarama permit Extensive Cross-linking Structure • 0.6Moz (Indicated) and 1.9Moz (Inf) Au(1) pit-constrained resour
Slide 7: Phantom Prospect: New Mineralised Trend Discovered North of Tankoro
PHANTOM PROSPECT NEW MINERALISED TREND DISCOVERED NORTH OF TANKORO DEPOSIT For personal use only • New, near-surface mineralisation intersected in north of Tankoro Mineralised Corridor • Highlighted intersections in oxide material include(1): 20m @ 1.68g/t Au from 16m (EOH) 13m @ 1.79g/t Au from
Slide 8: Obi Prospect – New Exploration Model
OBI PROSPECT – NEW EXPLORATION MODEL IMPORTANT NEW DISCOVERY ADDING OUNCES AND A NEW STRUCTURAL TARGETING MODEL For personal use only Extended Mineralisation 1.8km Untested Trend • Extensive zone of flat-lying mineralisation in shallow, oxide material 2021 Mineral Resource • Multiple high-grade inte
Slide 9: Obi Prospect – New Targeting Model
OBI PROSPECT – NEW EXPLORATION MODEL NEW TARGETING MODEL For personal use only Why it is of particular interest • Tenor, structural orientation, and style of mineralization • Scope for down dip extensions and enrichment • 1.8km untested along trend from Prospect • Adds a new target model reminiscent
Slide 10: MM Prospect – Filling in Gaps in Model
MM PROSPECT – FILLING IN GAPS IN MODEL NEW HIGH-GRADE MINERALISATION For personal use only • Multiple new high-grade intersections in oxides at MM Prospect • New high-grade mineralisation + strike & up-dip extensions • Intersections are in shallow, oxide material with potential to add to resource an
Slide 11: New Mineralisation Off Trend
NEW MINERALISATION OFF TREND NEW MINERALISATION OPENS UP NEW AREA BETWEEN CURRENT DRILLING For personal use only • New exploration trend extending 1.7km between MM & MC • Potential for discovery of significant mineralised lodes oblique to the strike of the current Mineral Resource • Intersections ar
Slide 12: MC Prospect – New Footwall Mineralisation
MC PROSPECT – NEW FOOTWALL MINERALISATION NEW MINERALISATION SUPER-ACCRETIVE For personal use only • New mineralisation discovered in footwall of MC Prospect presents multiple new exploration targets next to current Mineral Resource • Intersections are in shallow, oxide material with potential to ad
Slide 13: MM Prospect – High-Grade Outside Resource
MM PROSPECT – HIGH-GRADE OUTSIDE RESOURCE EXTENSIONAL TARGETS DELIVER SHALLOW, HIGH-GRADE INTERSECTIONS For personal use only • New, high-grade mineralisation intersected from surface and outside the modelled mineral resource • Intersections are in shallow oxide material proximal to the existing res
Slide 14: Take Aways From Current Program So Far
TAKE AWAYS FROM CURRENT PROGRAM SO FAR MINERALISING SYSTEM IS LARGE WITH AMPLE UPSIDE REMAINING For personal use only Observations • Surprises with cross, oblique, acute and flat structures - new exploration models to follow up • Structural complication along and within a crustal-scale structure • M
Slide 15: Take Aways From Current Program So Far
TAKE AWAYS FROM CURRENT PROGRAM SO FAR MINERALISING SYSTEM IS LARGE WITH AMPLE UPSIDE REMAINING For personal use only What we see and like from our recent drilling: • Structural complexity • Multiple mineralising events • Length and width of mineralisation (due to plumbing and scale of fluid penetra
Slide 16: 2023 Priorities: Bondi Deposit
2023 PRIORITIES: BONDI DEPOSIT NEW RESOURCE MODEL HAS IDENTIFIED MULTIPLE OPPORTUNITIES For personal use only • 0.5Moz Au(1) Inferred mineral resource • Stellar intersections from surface to depth with consistent widths & grades (3-5g/t Au) • Examples of historical intercepts include: 52m @ 5.3 g/t
Slide 17: 2023 Priorities: Sanutura Project Regional Targets
2023 PRIORITIES: SANUTURA PROJECT REGIONAL TARGETS REGIONAL EXPLORATION POTENTIAL For personal use only • Scope for material increase in oxides & free milling fresh material • Upcoming exploration efforts focusing on increasing oxide and free-milling mineral resources with three high priority areas
Slide 18: Key Milestones
KEY MILESTONES For personal use only ASX listing & A$8M equity raise Led by Euroz Hartleys Complete PEA Optimise throughput/sizing Complete first phase Assess scheduling for stage one 50,000m drilling(1) campaign & stage two of development of drilling Tankoro & Bondi Deposits Update resource Regiona
Slide 19: Thank You
For personal use only THANK YOU Andrew Dinning Paul Schmiede President and CEO VP Corporate Development Sarama Resources Ticker: ASX: SRR TSX-V: SWA Email: info@saramaresources.com
Slide 20: Additional Technical Details
Additional Technical Details For personal use only 1. Sanutura Project Mineral Resource Estimate - 9.4Mt @ 1.9g/t Au for 0.6Moz Au (Indicated) plus 52.7Mt @ 1.4g/t Au for 2.3Moz (Inferred), aggregating the Tankoro and Bondi Deposits, reported at cut-off grades ranging 0.2-1.6g/t Au, reflecting the m
Slide 21: Qualified and Competent Persons’ Statement
Additional Technical Details For personal use only QUALIFIED AND COMPETENT PERSONS’ STATEMENT Scientific or technical information in this disclosure that relates to quotation of the combined Mineral Resource Estimate for the Sanutura Project is based on and fairly represents information and supporti
Slide 22: Qualified and Competent Persons’ Statement
Additional Technical Details For personal use only QUALIFIED AND COMPETENT PERSONS’ STATEMENT Scientific or technical information in this disclosure that relates to metallurgical testwork for the Tankoro Deposit and potential processing flowsheets for the Sanutura Project is based on and fairly repr
Slide 23: Project and Attributable Mineral Resources
Project And Attributable Mineral Resources For personal use only Sanutura Project Category Material Type Cut-off (g/t Au) Tonnes (Mt) Grade (g/t Au) Contained Metal (koz Au) Oxide & Transition (OP) 0.2-0.3 3.2 1.6 161 Fresh (OP) 0.5 6.1 2.1 409 Indicated Sub-total (OP) 9.3 1.9 570 Fresh (UG) 1.6 0.1