Sarama Resources Ltd. · TSXV:SWA
Sarama Resources — Investor Presentation (February 2021)
22 slides from Sarama Resources's investor presentation, February 2021
Slide 1: Corporate Presentation: Capitalising on a World-Class West African Gold Belt
CORPORATE PRESENTATION CAPITALISING ON A WORLD-CLASS WEST AFRICAN GOLD BELT FEBRUARY 2021 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 projects in which we have interests (Sanutura, Kouma
Slide 3: Investment Highlights
Investment Highlights TARGETING LONG-LIFE, MULTI-STAGE MINE DEVELOPMENT AND ASX DUAL LISTING IN Q1, 2021 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 5Moz Mana Mine ▸ 70km strike of highly prospective grou
Slide 4: Corporate Overview
Corporate Overview Capital Structure (TSX-V: SWA) Share Price (12 month) Share price C$ 0.31 $0.50 1.00 Volume Share price Common Shares M 90.1 $0.40 0.75 Warrants M 2.2 $0.30 Vol (m) Options M 8.9 C$ 0.50 $0.20 Market Capitalisation C$M 27.9 0.25 Cash C$M 2.0 $0.10 Debt C$M 0 $0.00 - Jun 20 Dec 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 • Projects getting financed & built – latest is Orezone’s $182M Bomboré Mine • Southern Houndé belt gold endowment exceeds 19Moz2 • Southern Houndé area remains high
Slide 6: Multi-Project Exposure In Burkina Faso
Multi-Project Exposure In Burkina Faso SANUTURA DEVELOPMENT PROJECT • 1,450km2 (100% owned)1 • Major gold deposits • 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
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 ore → Project will be established on high-grade oxides REGIONAL → Significant amount of ~2g/t Au material at Tanko
Slide 9: Sanutura Project – Tankoro Deposit
Sanutura Project – Tankoro Deposit Overview • Huge mineralised system, drill tested over 16km within 30km long litho-structural 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 • Dril
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 @ modest strip ra
Slide 11: Sanutura Regional Exploration Upside
Sanutura Regional 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 Easter
Slide 12: Sanutura Regional Exploration Upside (cont.)
Sanutura Regional 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 int
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 5Moz Mana Mine • Line of sight to a multi-stage, long-life mine development (Endeavour Mining) • Existing resources plus exploration targets should deliver 3-3.5Moz Au1 1Moz Yaramako Mine (Roxgold) • Undeveloped resources
Slide 15: Project Road Map
Project Road Map ASX IPO planned for Q1, 2021 Validate historical exploration Complete all planned extensional, data for Bondi Deposit infill and additive drilling IPO led by Euroz Hartleys Remodel Bondi Deposit Update resource model Exact timing dependent on BF govt permit re-issue process Incorpor
Slide 16: Peer Comparisons
Peer Comparisons US$ EV Per Gold Resource Ounce1 (January 28, 2021) $100 $80 $60 Transaction Average ~ US$51/oz Peer Average ~ US$43/oz $40 $20 $0 Exore (Perseus) Cardinal Toega Deposit Kouroussa Tietto Cora Gold Xtra-Gold Marvel Gold Montage Gold Newcore Gold Sarama (Shandong) (WAF) (Hummingbird) R
Slide 17: Strategic Drivers For Investment
Strategic Drivers For Investment 16
Slide 18: Thank You
THANK YOU Andrew Dinning Managing Director Suite 8, 245 Churchill Avenue Subiaco WA 6008 Australia
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 TANKORO DEPOSIT(100%) 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 12.7 1.75 716 136 0.5g/t BONDI DEPOSIT HISTORICAL RESOURCE (100%1) Meas
Slide 22: Peer Comparison Information
Peer Comparison Information (January 28 2021) 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 24.1 1.6 1.24 46.6 1.0 1.79 Tietto Minerals
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