Sarama Resources Ltd. · TSXV:SWA
Sarama Resources — Investor Presentation (October 2020)
22 slides from Sarama Resources's investor presentation, October 2020
Slide 1: Corporate Presentation: Capitalising on a World-Class West African Gold Belt
CORPORATE PRESENTATION CAPITALISING ON A WORLD-CLASS WEST AFRICAN GOLD BELT OCTOBER 2020 SARAMARESOURCES.COM X-V:SWA
Slide 2: Forward Looking Statements
Forward Looking Statements 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 of properties in which we have interests, mineral resou
Slide 3: Investment Highlights
Investment Highlights TARGETING LONG-LIFE, MULTI-STAGE MINE DEVELOPMENT Large land position in the heart of two prolific gold belts in Burkina Faso 1 ▸ 2,000km2 land holding across two 100% owned project areas 1 Mana Mine ▸ 70km strike of highly prospective ground in one of the most prolific gold be
Slide 4: Corporate Overview
Corporate Overview Capital Structure (TSX-V: SWA) Share Price (12 month) Share price C$ 0.39 0.50 1.00 Volume Share price Common Shares M 90.1 0.40 0.75 Warrants M 2.2 0.30 Vol (m) Options M 8.3 C$ 0.50 0.20 Market Capitalisation C$M 35.2 0.25 Cash C$M 3.0 0.10 Debt C$M 0 0.00 - Dec 19 Mar 20 Jun 20
Slide 5: Burkina Faso – A Prolific Gold Producer
Burkina Faso – A Prolific Gold Producer • 12 gold mines in operation or under development – CY19 annualised gold production of 2.3Moz1 • Southern Houndé belt gold endowment exceeds 19Moz2 • Large, high quality holdings are scarce • Southern Houndé area is highly prospective with significant discover
Slide 6: Multi-Project Exposure In Burkina Faso
Multi-Project Exposure In Burkina Faso SANUTURA DEVELOPMENT PROJECT • 1,450km2 (100% owned)1 • Major gold deposit • Lead project • Visibility to mine development KOUMANDARA EXPLORATION PROJECT • 600km2 (100% owned)1 • +100km gold-in soil trends with high-tenor up to 4 g/t Au-in-soil • Multiple +10 g
Slide 7: Sanutura Project Overview
Sanutura Project Overview PROJECT SUMMARY • Two key deposits form foundation of Project: → Tankoro – 0.6Moz M&I + 1.9Moz Inf Au1 → Bondi – 0.28Moz M&I + 0.15Moz Inf Au2 (historical Bondi estimate of resources) Karankasso Zanawa • Relatively underexplored with significant brownfields and greenfields
Slide 8: Sanutura Development - Base Case
Sanutura Development - Base Case • Targeting a long-life, high margin, CIL mine: BONDI → Multi-stage mine development with first 5-7 years of feed being oxides + high-grade free-milling material sourced across project REGIONAL → Significant amount of ~2g/t Au material at Tankoro: CONSOLIDATION • 0.5
Slide 9: Sanutura Project – Tankoro Deposit
Sanutura Project – Tankoro Deposit Overview • Huge mineralised system, drill tested over 16km within 30km long geochem corridor • 95% recovery in oxides and 91% in fresh • Grade profile indicates scope for a significant amount of ~2g/t Au feed material • 70% of ounces within top 150m • Drill tested
Slide 10: Sanutura Project - Bondi Deposit
Sanutura Project - Bondi Deposit Overview • 0.43Moz Au1 historical resource estimate • 4km strike & drill tested to 250m • +90,000m of drilling & 2km of trenching • Historical met work indicates CIL recovery of ~95% • Historical resource indicates potential ROM feed of 2.5- 3g/t Au and modest strip
Slide 11: Sanutura Exploration Upside
Sanutura Exploration Upside • 1,450km2, 100% owned1 and geologically well positioned • Scope for material increase in oxides and free milling fresh material • Upcoming Exploration efforts focusing on: → Extensional targets at the Tankoro and Bondi Deposits → Additional targets in the Eastern corrido
Slide 12: Sanutura Exploration Upside (cont.)
Sanutura Exploration Upside (cont.) Bamako • Stacked, high-grade gold-quartz vein system +3km in length • Significant artisanal workings Karankasso Bondi • Exploration repeatedly returns high grades including: ✓ Gold-in-soils up to 13.6g/t Au Zanawa ✓ Rock chips up to 18.9g/t Au ✓ Drill intercepts o
Slide 13: Exploration Optionality – Koumandara Project
Exploration Optionality – Koumandara Project • 600km², 100% owned1 early stage exploration project • Good access to infrastructure – Bobo & power grid within 30km • Gold mineralised corridor overlies a 45km-long section of a district-scale Mana Yaramoko litho-structural break • 90km strike of gold-s
Slide 14: Strategic Landholding
Strategic Landholding • 100% control of highly strategic +2,000km2 landholding Mana Mine • Line of sight to a multi-stage, long-life mine development (Endeavour Mining) • Existing resources plus exploration targets should deliver +3Moz Au1 Yaramako Mine (Roxgold) • Undeveloped resources in a 35km ra
Slide 15: Peer Comparisons
Peer Comparisons US$ EV Per Gold Resource Ounce1 (October 8, 2020) $80 $70 $60 Average Transaction Price ~$49/oz $50 $40 $30 $20 $10 $- Exore (Perseus) Toega Deposit Cardinal Kouroussa Tietto Cora Gold Xtra-Gold Marvel Gold Newcore Gold Sarama (WAF) (ongoing...) (Hummingbird) Resources West African
Slide 16: Strategic Drivers For Investment
Strategic Drivers For Investment 15
Slide 17: Thank You
THANK YOU Andrew Dinning Managing Director Suite 8, 245 Churchill Avenue Subiaco WA 6008 Australia
Slide 18: Important information
Important information Sarama Resources Limited ARBN 143 964 649 (the "Company") is the issuer of this presentation. The issue of this presentation is intended only for the person or entity to which it has been transmitted. Not a disclosure document: This presentation is not a disclosure document for
Slide 19: Additional Technical Details
Additional Technical Details MINERAL RESOURCE DETAILS 1. 9.4Mt @ 1.9g/t Au for 0.6Moz Au (indicated) plus 43.6Mt @ 1.4g/t Au for 1.9Moz (inferred), reported at cut-off grades ranging 0.2-1.6g/t Au, reflecting the mining methods and processing flowsheets assumed to assess the likelihood of the minera
Slide 20: Additional Technical Details
Additional Technical Details QUALIFIED PERSON’S STATEMENT 1. Scientific or technical information in this presentation that relates to the preparation of the Company’s mineral resource estimate for the Tankoro Deposit within the Sanutura Project is based on information compiled or approved by Adrian
Slide 21: Project And Attributable Mineral Resources
Project And Attributable Mineral Resources1 SOUTH HOUNDÉ PROJECT (100%) (INFERRED) Mt Au g/t Koz Au Att. Au Au cut-off Measured & Indicated 9.4 1.9 582 582 0.2 – 1.6g/t Inferred 43.6 1.4 1,894 1,894 0.2 – 1.6g/t KARANKASSO PROJECT (19%) (INFERRED) Total 12.7 1.75 716 136 0.5g/t BONDI DEPOSIT HISTORI
Slide 22: Peer Comparison Information
Peer Comparison Information (October 8 2020) Mineral Resource M&I Mineral Resource Inferred Company/Project Exchange Project Country Stage Information Source Mt Au g/t Au Moz Mt Au g/t Au Moz Tietto Minerals ASX Abujar Gold Project Ivory Coast Exploration 14.6 1.8 0.9 31.0 1.3 1.30 Tietto Minerals C
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