Sarama Resources Ltd. · TSXV:SWA
Sarama Resources — Investor Presentation (June 2021)
22 slides from Sarama Resources's investor presentation, June 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 JUNE 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 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 ▸ 70km strike of highly prospective ground in one of the most prolifi
Slide 4: Peer Comparisons
Peer Comparisons $EV/oz1 vs Grade vs Resource Size Average EV ~$47/oz Au ~8x Xtra-Gold Resources 2.0 Sarama (incl Bondi) Resource Grade g/t Gold Oklo Resources Tenure Clarity, Resource Growth Studies, De-Risking Cora Gold 1.5 Sarama Tietto Marvel Gold Weighted average 1.2g/t Au 1.0 Montage Gold Newc
Slide 5: Corporate Overview
Corporate Overview Capital Structure (TSX-V: SWA) Share Price (12 month) Share Price C$ 0.25 $0.50 Volume Share price 0.75 Common Shares M 90.1 $0.40 Warrants M 2.2 0.50 $0.30 Vol (m) Options M 8.9 C$ $0.20 Market Capitalisation C$M 22.5 0.25 $0.10 Cash C$M 2.0 Debt C$M 0 $0.00 - Dec 20 Jun 20 Jan 2
Slide 6: 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 7: Multi-Project Exposure In Burkina Faso
Multi-Project Exposure In Burkina Faso SANUTURA DEVELOPMENT PROJECT • 1,450km2 (100% owned)1 • Major gold deposits with upside • Principal 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-soi
Slide 8: Sanutura Development - Base Case
Sanutura Development - Base Case • Targeting a long-life, high margin, CIL mine BONDI • Over 2Moz of +2g/t Au contained in resources1 • Internal work demonstrates a clear base for development: → Multi-stage project with 5-7 years of oxide & high-grade REGIONAL free-milling ore CONSOLIDATION → ~20% o
Slide 9: 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 estimate) Bondi • Underexplored with significant brownfields and greenfields Karankasso Zanawa exploration potential •
Slide 10: Sanutura Project – Tankoro Deposit
Sanutura Project – Tankoro Deposit Overview • Huge mineralised system • Scope for a significant amount of +2g/t Au feed material • 95% recovery in oxides and 91% in fresh • 16km of 30km long litho-structural corridor drill tested • 70% of ounces within top 150m • A bulk of the strike tested to only
Slide 11: Sanutura Project - Bondi Deposit
Sanutura Project - Bondi Deposit Overview • 0.43Moz Au1 historical resource estimate • 4km strike & only drill tested to 250m • +90,000m of drilling & 2km of trenching • CIL recovery of ~95% indicated by historical met work • Potential to provide ROM feed of 2.5-3g/t Au • Trucking distance to propos
Slide 12: 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 13: Sanutura Regional Exploration Upside (cont.)
Sanutura Regional Exploration Upside (cont.) Zanawa • New Discovery 4km NE of Bondi Deposit • Results include 22m @ 3.85 g/t Au, 5m @ 4.54 g/t Au, 29m @ 1.44 g/t Au Karankasso Bondi Bamako Zanawa • Stacked, high-grade gold-quartz vein system +3km in length • Significant artisanal workings • Explorat
Slide 14: 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 15: 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) • Existing resources plus exploration targets should deliver 3-3.5Moz Au1 1Moz Yaramako Mine (Roxgold) • Undeveloped resources in a 3
Slide 16: Project Road Map
Project Road Map ASX listing Remodel Bondi Deposit & Complete all drilling - including incorporate into resource extensional, infill & additive IPO led by Euroz Hartleys Validate historical exploration Update resource model Timing pending - dependent on BF data for Bondi Deposit government permit re
Slide 17: Strategic Drivers For Investment
Strategic Drivers For Investment A great landholding with a clear base case for development in a prolific region with plenty of new discoveries, new mines, and M&A. There is significant near & longer term upside as the company reduces risk and adds clarity to the case for development. 16
Slide 18: Thank You
THANK YOU Andrew Dinning President and CEO 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 disclosure 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 Paul Schm
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