Sarama Resources Ltd. · TSXV:SWA
Sarama Resources — Investor Presentation (May 2014)
24 slides from Sarama Resources's investor presentation, May 2014
Slide 1: Investor Presentation May 2014
INVESTOR PRESENTATION MAY 2014
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, our maiden mi
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS • Sarama team discovered the 22 million ounce Moto Gold deposit • Active in West Africa with early exploration success in Burkina Faso • Significant greenfields gold discovery at the South Houndé Project • Maiden inferred resource of 1.5 Moz Au - including 1.1 Moz at 2.1g/t • D
Slide 4: Outstanding Portfolio
OUTSTANDING PORTFOLIO Sarama F Gold Deposit _ % Operating Mine __ Under Feasibility > Gold Deposit * Abandoned Mine *® Capital City
Slide 5: Management & Capital Structure
MANAGEMENT & CAPITAL STRUCTURE Board & Executive Team Capital Structure Sean Harvey Chairman TSX – V SWA FSE 48S Andrew Dinning President & CEO Common Shares 66,159,895 Warrants ($1.20) 7,944,445 Simon Jackson Non Exec Director Options 5,055,000 Jack Hamilton VP Exploration Cash ~US$4.2M† Major Shar
Slide 6: Inferred Mineral Resource Estimate
INFERRED MINERAL RESOURCE ESTIMATE† Reporting Tonnage Above Average Grade Above Contained Gold Above Cut-off Grade Cut-off Grade Cut-off Grade Cut-off Grade g/t Au Mt g/t Au Koz Au 0.5 35.07 1.5 1,633 A 0.8 29.13 1.6 1,504 1.0 22.88 1.8 1,324 B 1.2 16.36 2.1 1,094 2.0 5.43 3.2 558 A – Headline resou
Slide 7: Maiden Inferred Mineral Resource
MAIDEN INFERRED MINERAL RESOURCE • Crystalises two years of exploration activity • High grade element to resource with 1.1 Moz at 2.1g/t Au • Approximately 20% of the resource is oxide • Scale and footprint of resource demonstrates system potential • Resource extends 5.5 km along strike and up to 1.
Slide 8: Oxide Heap Leach Potential
OXIDE HEAP LEACH POTENTIAL • Testwork demonstrates 93% recovery using conventional CIL • Fine nature of gold provides excellent leach kinetics Heap Leach Testwork • Heap leach being investigated as a low-cost start-up option • Column leach test work indicates recoveries of approximately 85% • 80% of
Slide 9: Metallurgical Testwork - Fresh
METALLURGICAL TESTWORK - FRESH • Gold typically fine (<10 μm) & associated with pyrite • 90% recovery using flotation and oxidation prior to CIL • Excellent flotation results using 150 μm grind & repeatable at lower grades • Very clean high-grade concentrate with ~5% mass pull containing 94% of gold
Slide 10: South Houndé Project Area
SOUTH HOUNDÉ PROJECT AREA • +1000km2 in South Houndé belt • Situated in same belt and stratigraphy as Semafo’s Mana Mine, Endeavour’s Houndé and Roxgold’s Yaramoko projects • +100km total strike of soil anomalies to be explored on Houndé permits • Exploration focused on Tankoro property: maintaini
Slide 11: Tankoro Corridor Exploration
TANKORO CORRIDOR EXPLORATION • ~50,000m of RC, diamond, RAB/AC drilling completed in 2013 • Includes 5,870m diamond & 19,380m RC • Hydrothermal fluid penetration on a large scale along regional structures • Mineralisation mainly associated with feldspar porphyry dykes MM Prospect • Sediments also mi
Slide 12: MM Prospect - Near Field Potential
MM PROSPECT - NEAR FIELD POTENTIAL ? • Extensions adjacent & along strike from MM • Depth extensions of MM high-grade zones ? • MC discovery remains open and contains some of the best drill holes to date ? MM • MC discovery opens up the whole footwall ? • Addition of significant amounts oxides in th
Slide 13: IP Generating Next Set of Targets
IP GENERATING NEXT SET OF TARGETS • IP and soil geochem correlate well with known mineralisation • West and FW lodes evident in IP results • Chargeability and resistivity track relative sulphide & silica content respectively West Lode FW Lode IP Test Grid 13
Slide 14: IP Shows System Scale & Targets
IP SHOWS SYSTEM SCALE & TARGETS Chargeability Resistivity MM test grid MM MC 14
Slide 15: South Houndé Project Potential
SOUTH HOUNDÉ PROJECT POTENTIAL • Multiple corridors of mineralisation • Potential for extensions north and south along 30km Tankoro Structural Corridor • Limited work in Tankoro Eastern Corridor has generated good results for follow up • Multiple targets on adjacent permits to NE, SE and W 15
Slide 16: South Houndé Project Potential
SOUTH HOUNDÉ PROJECT POTENTIAL • Multiple corridors of mineralisation • Potential for extensions north and south along 30km Tankoro Structural Corridor • Limited work in Tankoro Eastern Corridor has generated good results for follow up • Multiple targets on adjacent permits to NE, SE and W • JV esta
Slide 17: Liberia Properties
LIBERIA PROPERTIES • Sarama has landholding of ~880km2 • Good early results with the delineation of 15km and 14km-long gold-in-soil anomalies on Cape Mount and Gbarpolu properties • +8 years of political stability & reform • Democratically elected President Ellen Johnson-Sirleaf, the first female Af
Slide 18: Cape Mount Project
CAPE MOUNT PROJECT • 365km2 in Grand Cape Mount County • Good logistics - 100km north of Monrovia • Proximal and similar geological terrane to Aureus’ New Liberty Gold Project • Historical studies show indications of significant primary sources of gold • Regional endowment continues to grow • Very e
Slide 19: Cape Mount Project
CAPE MOUNT PROJECT • Extensive artisanal mining of gold ongoing • Mineralisation associated with northern limb of regional fold characterised by high- magnetic signature • 15km-long gold-in-soil anomaly coincident with regional magnetic feature 19
Slide 20: Trenching Cape Mount & Gbarpolu
TRENCHING CAPE MOUNT & GBARPOLU Cape Mount Highlights • Gold intercepted in trenching over full 9km length of soil anomaly with specific results including: 16m @ 1.74g/t Au - includes 10m @ 2.55g/t Au 42m @ 0.63g/t Au - includes 10m @ 1.44g/t Au 47m @ 0.54g/t Au - includes 4m @ 1.14g/t Au 17
Slide 21: West Mali - Kandiolé Sud
WEST MALI - KANDIOLÉ SUD • 110km2 in area • 10km SE of Papillon’s Fekola Project • 6km north of IAMGOLD’s Siribaya JV Project • Soil and termite mound geochem show anomalous zones to follow up IP Anomaly • IP survey delineated 3 high quality targets up to 1.4km-long • Drill program planned for 2014
Slide 22: Summary
SUMMARY • Experienced management team with a track record of success • Large, high quality land position with significant optionality • Major greenfields gold discovery in Burkina Faso • Inferred mineral resource of 1.5 Moz including 1.1 Moz at 2.1g/t Au • Strike length of resource represents <20% o
Slide 23: Qualified Persons
QUALIFIED PERSONS Scientific or technical information in this presentation that relates to the Company’s exploration activities in Burkina Faso and Mali is based on information compiled or approved by Michel Mercier. Michel Mercier is an employee of Sarama Resources Ltd and is a member in good stand
Slide 24: Contact details
Suite 8, 245 Churchill Avenue PO Box 575, Subiaco +61 (0) 8 9363 7601 E_info@saramaresoure: @SaramaResources Subiaco, Western Australia 6008 Western Australia 6904 +61 (0) 8 9382 4309 ARBN: 143 964 649 www.saramaresources.com