Slide 1: Precious Metals Summit
Precious Metals Summit Denver, Colorado September 8th, 2021 Africa Canada Québec TSX.V: SME | OTC.PK: SAMMF
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. Yo
Slide 3: Corporate Profile: Management, Board and Advisors
CORPORATE PROFILE Benoit La Salle – Executive Chairman and Director (FCPA, FCA, MBA) • President and CEO of Aya Gold & Silver, Chairman and Director of SRG Mining and Former President & CEO of SEMAFO Inc MANAGEMENT Dr. Marc-Antoine Audet – President, CEO, and Director (PhD Geology, P.Geo.) • Former
Slide 4: Corporate Summary
Corporate Summary TSX-V: SME Ticker OTC-US: SAMMF Shares Outstanding 218,367,940 Options 19,495,000 Warrants 3,825,000 (CAD$0.15 strike price) Market Cap CAD$26,204,000 (CAD$0.12 per share September 8th, 2021) Debt Nil Cash CAD$2,800,000 (September 8th, 2021) (+CAD$750,000 receivable from SRG) Secur
Slide 5: Conceptual Corporate Structure
Conceptual Corporate Structure Extremely low dilution risk associated with issuer since October 2017 (HPX | Ivanhoe Electric Partnership) HPX IVORY COAST HOLDINGS INC. 23.1% Ownership (50,000,000 shares) Sama Resources Inc. SAMA NICKEL HPX | Ivanhoe Electric: CORPORATION Earn-in of up to 60% 70% Sam
Slide 6: Yacouba UM Intrusive Complex and Lac Brulé Ni-Cu-Scandium
Yacouba UM Intrusive Lac Brulé Ni-Cu- Complex Scandium Newly discovered Base Metal Newly discovered mineralized district in West-Africa gossan in virgin territory • Ivanhoe Electric Inc. continues with Earn-in • Ni-Cu and Scandium Gossan at surface (1.3 agreement to 1.5 oz/t Scandium) • Ivanhoe Elec
Slide 7: Guinea Côte d'Ivoire Liberia
Guinea Côte d'Ivoire Liberia TSX.V: SME | OTC.PK: SAMMF samaresources.com 7
Slide 8: Geological Model and World Class Potential
GEOLOGICAL MODEL AND WORLD CLASS POTENTIAL The Samapleu and Yepleu deposits’ mineralization and geological characteristics are typical of layered Pipe-like Intrusion or a conduit-hosted nickel deposits. These rare types of intrusions host the world’s largest nickel-copper deposits such as: • Noril’s
Slide 9: Samapleu & Yepleu Geological Model
SAMAPLEU & YEPLEU GEOLOGICAL MODEL 25 km April 2021: Proposed DDH 20,000 CT target TSX.V: SME | OTC.PK: SAMMF samaresources.com 9
Slide 10: 8.0 m of massive sulphide grading 4.08% Nickel
8.0 m (combined) of massive sulphide grading 4.08% Nickel, 2.43% Copper & 2.92 gpt palladium starting 60.1m from surface Part of a 54 m of mineralized pyroxenite 0.96% Nickel, 0.76% Copper & 0.74 gpt Palladium TSX.V: SME | OTC.PK: SAMMF samaresources.com 10
Slide 11: Samapleu 2021: 9.3m grading 2.68% Nickel
Samapleu 2021: 9.3m grading 2.68% Nickel, 1.47% Copper & 2.30 gpt Palladium High grade Ni-Cu massive sulfide mineralization (SM44-454265 (2021-01)) showing sharp contacts with the mineralized pyroxenite host TSX.V: SME | OTC.PK: SAMMF samaresources.com 11
Slide 12: Yepleu: First Ni-Cu sulphides discovery outcropping in West-Africa
Yepleu: First Ni-Cu sulphides discovery outcropping in West-Africa (2013) Discovery Yepleu Ni-C-PGE 2013 https://www.youtube.com/watch?v=NSEWDKT8eME TSX.V: SME | OTC.PK: SAMMF samaresources.com 12
Slide 13: Samapleu Main & Extension: Revisiting 2013 HTEM survey
Samapleu Main & Extension: Revisiting 2013 HTEM survey Based the re-interpretation of the 2013 small grid Helitem inversion at Samapleu deposits; 4 new DDH were drilled. The proposed hole aiming at the 15,000 CT target at 600m from surface is ongoing. TSX.V: SME | OTC.PK: SAMMF samaresources.com 13
Slide 14: Samapleu Main & Extension: Revisiting 2013 HTEM survey
Samapleu Main & Extension: Revisiting 2013 HTEM survey SM20-070410: Mineralised Pyroxenite: 32m to 275m disseminated sulphides including several zones up to 15%. The hole is ongoing TSX.V: SME | OTC.PK: SAMMF samaresources.com 14
Slide 15: Typhoon EM: Compilation of the 2019 surveys at Yepleu
Typhoon EM: Compilation of the 2019 surveys at Yepleu TSX.V: SME | OTC.PK: SAMMF samaresources.com 15
Slide 16: Typhoon EM: SSW-NNE Cross-Section
Typhoon EM: SSW-NNE Cross-Section TSX.V: SME | OTC.PK: SAMMF samaresources.com 16
Slide 17: Sama's 2021 Drilling program: Yepleu 2021-02
Sama’s 2021 Drilling program: Yepleu 2021-02 HOLE-ID FROM TO LENGTH NI CU CO PT PD AU YE47-361408b 474.4 523 48.6 0.28 0.16 0.01 0.74 0.96 0.11 Included 1.0% Ni cog 1.15 1.40 0.57 0.05 1.55 0.39 0.07 Included 1.0% Ni cog 0.25 1.13 0.17 0.05 1.73 0.33 0.02 31.15m @ 0.25%Ni & 0.10%Cu Inc: 4.70m @ 0.76
Slide 18: Sama's 2021 Drilling program: Yepleu 2021-03 & 04
Sama’s 2021 Drilling program: Yepleu 2021-03 & 04 HOLE-ID FROM TO LENGTH NI CU CO PT PD AU YE38-626778 308.40 324.70 16.30 0.49 0.29 0.02 0.11 0.03 0.00 Included 1.0% Ni cog 3.45 1.09 0.79 0.05 0.19 0.04 0.01 HOLE-ID FROM TO LENGTH NI CU CO PT PD AU YE38-445704 324.8 335.5 10.7 0.29 0.16 0.01 0.16 0
Slide 19: Nov 2020 DHTEM and 2021 Yepleu proposed wedge
Nov 2020 DHTEM and 2021Yepleu : 2021-05 (proposed wedge) Note: the plate is showing on the last 5 time channels, we also don’t see the full anomaly as the response extends past the length of the hole High conductive target zone 20,000 CT conductor Offhole DHTEM YE45-365765: Near miss: 8.00 m @ 0.31%
Slide 20: Typhoon EM: Nov 2020 DHTEM at YE47-365765
Typhoon EM: Nov 2020 DHTEM at YE47-365765 Moderate strength in hole response, relates to 15m zone of weak disseminated sulphides in core between 580 and 595 m. Strong in and off hole response correlates to 2 m intersection of disseminated sulphides at 800 m. U and V component responses suggests good
Slide 21: Yepleu outcrop discovery, 3.30% Cu XRF result
Yepleu: First Ni-Cu sulphides discovery outcropping in West-Africa (2013). Mr. Demers, Canadian Ambassador in Côte d’Ivoire testing with the Niton XRF returned 3.30% Cu (June 2021). TSX.V: SME | OTC.PK: SAMMF samaresources.com 21
Slide 22: Analogy: Noril'sk
Analogy: Noril’sk (2,216 Mt at 0.78% Ni, 1.38% Cu) Equivalent Samapleu today Disseminated mineralization Lenses and veins of Massive Sulphide 1,200 m TSX.V: SME | OTC.PK: SAMMF samaresources.com 22
Slide 23: TSX.V: SME | OTC.PK: SAMMF samaresources.com
TSX.V: SME | OTC.PK: SAMMF samaresources.com 23
Slide 24: Drilling equipment
New Coretech 3000 Komatsu D85 Coretech 1300G Low Bed 24 24 D7G Caterpillar
Slide 25: Ni-Cu Projects Generation: Province of Québec, Canada
Ni-Cu Projects Generation: Province of Québec, Canada AFRICA Lac Brulé Ni-Cu project TSX.V: SME | OTC.PK: SAMMF samaresources.com 25
Slide 26: Lac Brulé Ni-Cu project
Ni-Cu Projects Generation: Province of Québec, Canada Lac Brulé Ni-Cu project TSX.V: SME | OTC.PK: SAMMF samaresources.com 26
Slide 27: Ni-Cu Projects Generation: Province of Québec, Canada
Ni-Cu Projects Generation: Province of Québec, Canada TSX.V: SME | OTC.PK: SAMMF samaresources.com 27
Slide 28: SRQ: Lac Brulé Ni-Cu Project
Ni-Cu Projects Generation: Province of Québec, Canada « SRQ : Lac Brulé Ni-Cu Project» NI43-101Technical Report - Resources Evaluation November 2007 Vulcain Property, Hainaut township, Matamec Explorations Inc. Page 22 Geostat Systems International Inc. The ore extracted from the Renzy mine is massi
Slide 29: Lac Brulé claims and Renzy Mine
Ni-Cu Projects Generation: Province of Québec, Canada Lac Brulé Ni-Cu project. exploration claims forming 1 large block surrounding the 19 claims first taken in May 2020 and own by Dr. Audet, and a smaller one south-west of the old Renzy Mine. The vertical gradient of gravity anomaly and the first d
Slide 30: Dr Audet at the discovered surface gossan
Ni-Cu Projects Generation: Province of Québec, Canada Dr Audet at the discovered surface gossan, Mai 2021 TSX.V: SME | OTC.PK: SAMMF samaresources.com 30
Slide 31: The newly discovered Lac Brulé Ni-Cu-Sc gossan
Ni-Cu Projects Generation: Province of Québec, Canada The newly discovered Lac Brulé Ni-Cu-Sc gossan The gossan is exposed at surface over a strike length of 115 m and is part of a larger meta-gabbro/ultramafic unit that can be traced over more than 430 m of strike and 200 m of width. TSX.V: SME | O
Slide 32: Ni-Cu Projects Generation: Province of Québec, Canada
Ni-Cu Projects Generation: Province of Québec, Canada TSX.V: SME | OTC.PK: SAMMF samaresources.com 32
Slide 33: Ni-Cu Projects Generation: Province of Québec, Canada
Ni-Cu Projects Generation: Province of Québec, Canada 25 m TSX.V: SME | OTC.PK: SAMMF samaresources.com 33
Slide 34: Gossan scandium assay results
Ni-Cu Projects Generation: Province of Québec, Canada “Gossans of this type usually return low Ni and Cu values due to the intense surface leaching of the sulfide body. Assay analysis of nine samples collected from the gossan report very high scandium tenors ranging between 1.25 and 1.49 oz/t. These
Slide 35: July 2021 drone magnetometry and radiometric surveys
Ni-Cu Projects Generation: Province of Québec, Canada July 2021: Completed 6XX line-km drone Magnetometry & Radiometric surveys Claims SRQ Claims SRQ Claims SRQ Claims MAA Claims SRQ TSX.V: SME | OTC.PK: SAMMF samaresources.com 35
Slide 36: Gossan discovery at predicted location
Ni-Cu Projects Generation: Province of Québec, Canada The initial field investigation (early May 2021), aimed at validating Sama’s base metal index, the Company discovered a new gossan and its meta-gabbro/ultramafic host. The gossan was discovered exactly at the location predicted by the index. An D
Slide 37: Gossan discovery at predicted location
Ni-Cu Projects Generation: Province of Québec, Canada The initial field investigation (early May 2021), aimed at validating Sama’s base metal index, the Company discovered a new gossan and its meta-gabbro/ultramafic host. The gossan was discovered exactly at the location predicted by the index. An D
Slide 38: Southern contact between gneiss and meta-UM/gabbro
Ni-Cu Projects Generation: Province of Québec, Canada The southern contact between gneiss and the meta-UM/gabbro. The meta-UM/gabbro is exposed continuously showing a width of 200 m. TSX.V: SME | OTC.PK: SAMMF samaresources.com 38
Slide 39: Outcropping meta-ultramafic/mafic unit
Ni-Cu Projects Generation: Province of Québec, Canada Outcroping meta-ultramafic/mafic unit few kilometer NW of the gossan TSX.V: SME | OTC.PK: SAMMF samaresources.com 39
Slide 40: Gneiss and micro gabbro with meta-UM xenolith
Ni-Cu Projects Generation: Province of Québec, Canada Gneiss and micro gabbro with a Meta-UM zenolith TSX.V: SME | OTC.PK: SAMMF samaresources.com 40
Slide 41: Lac Brulé Xcalibur Helitem 1,444 line-km survey
Ni-Cu Projects Generation: Lac Brulé project Xcalibur Helitem 1,444 line-Km survey (November 2021) TSX.V: SME | OTC.PK: SAMMF samaresources.com 41
Slide 42: CSR Commitment
CSR Commitment: “SAMA Resources through its African subsidiaries recognizes the pursuit of economic growth through employment creation and income generation” • Provide reasonable working conditions and terms of employment; • Comply with national law; • Not make employment decisions on the basis of p
Slide 43: Stock Option & Warrant Expiry Schedule
Stock Option & Warrant Expiry Schedule Stock Options Outstanding Exercise Price Expiry Date 1,400,000 0.32 June 6, 2022 200,000 0.155 June 21, 2022 1,000,000 0.33 October 14, 2022 2,150,000 0.19 April 21, 2025 200,000 0.18 May 27, 2025 1,775,000 0.085 January 17, 2027 500,000 0.15 March 31, 2027 100
Slide 44: SME Short Data
SME Short Data (Source: Buyins.net) TSX.V: SME | OTC.PK: SAMMF samaresources.com 44
Slide 45: Precious Metals Summit
Precious Metals Summit Denver, Colorado September 3rd, 2021 Africa Canada Québec TSX.V: SME | OTC.PK: SAMMF