Sarama Resources Ltd. · TSXV:SWA
Sarama Resources — Investor Presentation (September 2022)
23 slides from Sarama Resources's investor presentation, September 2022
Slide 1: September 2022
September 2022 TSX-V:SWA ASX:SRR 0
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 plans of projects in which Sarama Resources Ltd (“Saram
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS SIGNIFICANT EXPLORATION UPSIDE & LARGE UNDERVALUED RESOURCE • Large 100% owned land position in heart of two prolific gold belts in SW Burkina Faso • Value underpinned by a multi-million-ounce pit-constrained gold resource where a third is in oxides and two thirds is >2g/t Au M
Slide 4: Corporate Overview
CORPORATE OVERVIEW EXPERIENCED BOARD & MANAGEMENT TEAM BOARD CAPITAL STRUCTURE Simon Jackson Non Executive Chairman Common Shares (M) 137.9 Andrew Dinning Managing Director & CEO Warrants (M) 6.5 Adrian Byass Non Executive Director Options (M) 12.5 Steve Zaninovich Non Executive Director Market Capi
Slide 5: Burkina Faso
BURKINA FASO AN ESTABLISHED JURISDICTION & PROLIFIC GOLD PRODUCER Iamgold • Established jurisdiction for ASX & TSX explorers (West African Resources, Orezone, Gryphon, Orbis, Roxgold ) • 8 gold mines in operation – forecast CY22 gold production +2Moz(1) Ouagadougou Orezone • Projects are getting fin
Slide 6: Multi-Project Exposure in South West Burkina Faso
MULTI-PROJECT EXPOSURE IN SOUTH WEST BURKINA FASO SANUTURA PROJECT • 1,420km2 (100% owned) • 66% of Resource in MM and MC Prospects • 0.6Moz (Ind) & 2.3Moz (Inf) Au Resource(1) • +50,000m(1) shallow drill program commenced • High-grade discovery at Obi Prospect KARANKASSO PROJECT (JV) • 697km2 (18%
Slide 7: Sanutura Project
SANUTURA PROJECT SOLID RESOURCE FOUNDATION WITH SIGNIFICANT EXPLORATION UPSIDE PROJECT OVERVIEW • Existing significant resource inventory comprising: → 0.6Moz (Ind) plus 2.3Moz Au (Inf)(1) • Significant high-grade component to resource: → 0.5Moz @ 2.5g/t (Ind) plus 1.8Moz @ 1.9g/t Au (Inf)(2) • Oxid
Slide 8: Tankoro Deposit - Overview
TANKORO DEPOSIT - OVERVIEW LARGE SYSTEM WITH ESTABLISHED MULTI-MILLION OUNCE RESOURCE • Big system, semi-contiguous for 16km & runs a further +5km off Sarama permit • 0.6Moz (Indicated) and 1.9Moz (Inf) Au(1) pit-constrained resource • 70% of ounces within top 150m • MM & MC Prospects account for 78
Slide 9: Tankoro Deposit
TANKORO DEPOSIT MM & MC PROSPECTS - ACCOUNT FOR 78% OF THE METAL IN THE TANKORO MINERALISED SYSTEM • 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 mineralisation as well as strike and
Slide 10: Obi Prospect – Delivering on Multiple Fronts
OBI PROSPECT – DELIVERING ON MULTIPLE FRONTS IMPORTANT NEW DISCOVERY ADDING OUNCES AND A NEW TARGETING ANALOGUE Extended Mineralisation • Extensive zone of flat-lying mineralisation in shallow, oxide material OPEN: 1.8km 2021 Mineral Resource Untested Trend • Multiple high-grade intersections outsid
Slide 11: Obi Prospect
OBI PROSPECT NEW TARGETING ANALOGUE Why it is of particular interest • Tenor & flat-lying nature of mineralisation suggests a different mineralising event to sub- vertical mineralisation in area • Scope for down dip extensions and potential enrichment • 1.8km untested along trend from Prospect • Add
Slide 12: Bondi Deposit
BONDI DEPOSIT NEW RESOURCE MODEL HAS IDENTIFIED MULTIPLE OPPORTUNITIES • Stellar intersections from surface to depth with consistent widths & grades (3-5g/t Au) • Very well drilled in top 70-100m • Deeper drilling is sparse & doesn’t target higher-grade shoots effectively • System still open at dept
Slide 13: Bondi Deposit
BONDI DEPOSIT HIGH GRADES WITH EXPLORATION UPSIDE OVERVIEW • 0.5Moz Au(1) Inferred mineral resource • +80,000m of historical drilling to a maximum depth of 300m • 6km strike and up to 30m in width • High grades & thick intersections fall within resource pit shapes • CIL recovery up to ~97% in fresh
Slide 14: Bondi Deposit
BONDI DEPOSIT RESOURCE UPSIDE CONVERTING UNCLASSIFIED MATERIAL- DRILLING Q4 2022 US$1800/oz Resource Pit Shell Inferred = Light Blue Unclassified = Dark Blue Much of the pit shell is classification-limited at depth → Walk-up exploration targets are part of the next 30,000m of drilling 13
Slide 15: Sanutura Project
SANUTURA PROJECT REGIONAL EXPLORATION POTENTIAL – APPROXIMATELY 5,000M PLANNED BY END MARCH 2023 • 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 1. Zana
Slide 16: Key Milestones & News Flow Potential
KEY MILESTONES & NEWS FLOW POTENTIAL 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 17: Strategic Drivers for Investment
STRATEGIC DRIVERS FOR INVESTMENT Strategic position in Multi-million ounce Abundant exploration Compelling valuation High impact program heart of two prolific gold resource targets to drive high- on comparable to commence Burkina Faso gold margin resource metrics immediately belts growth 16 16
Slide 18: Thank You
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 19: Additional Technical Details
Additional Technical Details 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 mining methods and proc
Slide 20: Additional Technical Details
Additional Technical Details 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 supporting documents compiled
Slide 21: Additional Technical Details
Additional Technical Details 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 represents information and
Slide 22: Project And Attributable Mineral Resources
Project And Attributable Mineral Resources 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 2.4 11 Total Indicate
Slide 23: Koumandara Project
KOUMANDARA PROJECT DISTRICT-SCALE EXPLORATION OPTIONALITY • Highly prospective, 467km², 100%-owned early-stage exploration project • Most prospective corridor overlies a 45km-long section of a district-scale litho-structural break • Soil geochemical surveys and auger and scout drilling have all deli
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