Sarama Resources Ltd. · TSXV:SWA
Sarama Resources — Investor Presentation (February 2019)
21 slides from Sarama Resources's investor presentation, February 2019
Slide 1: Predaba Update
PREDABA UPDATE FEBRUARY, 2019
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT 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 resour
Slide 3: An Undervalued Development Story
An Undervalued Development Story Outstanding value relative to peers • Regaining 100% ownership of primary asset • Multiple investment and re-rate milestones ahead • Substantial optionality through Development, Exploration & Consolidation • Two large, 100% owned* project areas in southwest Burkina F
Slide 4: Re-rating Opportunity
Re-rating Opportunity Market Capitalisation* (US$/att. resource oz) Re-rate potential: • Acacia exit from South Houndé Project • Combining all of Sarama’s Houndé belt projects • Advancing project up development curve • Exploration delivering highly accretive ounces Average = $18/oz +6x uplift to rea
Slide 5: Management And Capital Structure
Management And Capital Structure Andrew Dinning Chairman & CEO TSX-V: SWA Sean Harvey Non Executive Director Common Shares 181,710,402- Simon Jackson Non Executive Director Warrants 7,000,000* Dave Groves Non Executive Director Options 17,020,000* Andrew Dinning Chairman & CEO MAJOR SHAREHOLDERS Jac
Slide 6: Current & Next Generation of Mines in Burkina Faso
Current & Next Generation of Mines in Burkina Faso • 12 mines in operation or under development • Home to small to intermediate producers who always need to replace reserves • Many deposits & mines have transacted • New project pipeline diminished due to mine development and decreased exploration Bo
Slide 7: Sarama Interests in Burkina Faso
Sarama Interests in Burkina Faso South Houndé Project Area • Sarama has an established project pipeline ranging from scoping level Koumandara Project through to early stage exploration in the Houndé and Banfora gold belts • Houndé Belt is well established, hosts Endeavour, Semafo & Roxgold mines wit
Slide 8: Southern Houndé Area Development Concept
Southern Houndé Area Development Concept • Concept work indicates scope for a high-grade, high-return, simple, oxide-focussed heap leach development • Ore feed sourced from South Houndé oxide & transition plus Bondi Bondi Deposit • Indicative heap leach metrics based on current resources: → High, 1.
Slide 9: South Hounde Project
South Hounde Project • Inferred Mineral Resource of 2.1Moz @ 1.5g/t Au1 → Oxides & transition total 611koz @ 1.2g/t Au → High grade component of 1.1 Moz @ 2.7g/t Au2 3km • Extensive metallurgical work undertaken with a number of economically viable flow sheets identified • Oxide resource material yi
Slide 10: Regional Resource Growth - ThreeBee Project
Regional Resource Growth - ThreeBee Project • Covers 660km2, 100% owned and geologically well positioned • Adjacent to the South Houndé Project and proximal to Teranga Gold’s Golden Hill discovery • Key part of Sarama’s southern Houndé development plans • Bondi Deposit is free-milling, has high reco
Slide 11: ThreeBee Project - Djarkadougou Permit (Bondi)
ThreeBee Project - Djarkadougou Permit (Bondi) • Historical mineral resource estimate1 of 282koz Au M&I plus 150koz Au Inferred Northeast • Short term focus to add resources for near-term development • Bondi deposit has excellent characteristics including: → High quality ROM feed expected at grades
Slide 12: Djarkadougou – Zanawa Prospect
Djarkadougou – Zanawa Prospect • New discovery situated 4km NE of Bondi Deposit • Wide drill intersections in oxide and fresh with potential to add resources • Scout AC & RC drill program yielded encouraging near–surface results including: • 22m @ 3.85g/t Au from 5m • 29m @ 1.44g/t Au from 1m • 5m @
Slide 13: Bamako – New High Grade Zones Identified
Bamako – New High Grade Zones Identified • ~20km east of the Bondi Deposit • Forms part of regional development plan • High-grade quartz-vein system • Stacked gold-quartz veins +3km in length • Significant artisanal workings • Rock chip sampling returned up to 18.9g/t • Gold-in-soils returned up to
Slide 14: Exploration Optionality – Koumandara Project
Exploration Optionality – Koumandara Project Koumandara • 602km², 100% owned early stage exploration project • Good access to infrastructure – Bobo & power grid within 30km Mana • Gold mineralised corridor overlies a 45km-long section of a district- Yaramoko scale litho-structural break • High grade
Slide 15: Next Steps
Next Steps Project Development • Complete project framing and option study with South Houndé and Bondi ounces • Initiate technical support work including metallurgical and resource work • Initiate scoping study on preferred development route • Complete PFS on development project • Concurrently, run
Slide 16: Compelling Option Value In Multiple Areas
Compelling Option Value In Multiple Areas Project Area Koumandara Project • Attributable Ounces → 2.8Moz1 Au and continuing to grow Mana Yaramoko • Development Value → Development concept back-stopped by heap leach, studies Houndé being undertaken to determine best development path Golden Hill • Exp
Slide 17: An Undervalued Development Opportunity
An Undervalued Development Opportunity • Sarama represents outstanding value relative to peers • Regaining 100% ownership of primary asset presents a major re-rate opportunity • Two large, 100% owned project areas in southwest Burkina Faso • Substantial optionality through consolidation & developmen
Slide 18: Thank You
THANK YOU
Slide 19: Sarama Mineral Resources
Sarama Mineral Resources SOUTH HOUNDÉ PROJECT (100%*) (INFERRED) Mt Au g/t Koz Au Att. Koz Au Au cut-off Oxide and Transition 16.0 1.2 611 611 0.3 - 0.8g/t Fresh 25.0 1.9 1,487 1,487 0.8 - 2.2g/t Total 41.0 1.5 2,098 2,098 KARANKASSO PROJECT (27%) (INFERRED) Oxide (negligible transition) 2.1 2.1 134
Slide 20: Additional Technical Details
Additional Technical Details MINERAL RESOURCE DETAILS 1. 43.0 Mt @ 1.5 g/t Au (reported above cut-off grades ranging 0.3-2.2 g/t Au, reflecting the mining methods and processing flowsheets assumed to assess the likelihood of the inferred mineral resources having reasonable prospects for eventual eco
Slide 21: 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 is based on information compiled or approved by Adrian Shepherd. Adrian Shepherd is an employee of Cube Con
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