Sarama Resources Ltd. · TSXV:SWA
Sarama Resources — Investor Presentation (April 2023)
22 slides from Sarama Resources's investor presentation, April 2023
Slide 1: Corporate Presentation
CORPORATE PRESENTATION CAPITALISING ON A WORLD-CLASS WEST AFRICAN GOLD BELT April 2023 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 & ACCELERATING DEVELOPMENT • Large, highly strategic land position in one of the most prolific gold belts in west Africa • Value underpinned by a multi-million-ounce pit-constrained gold resource where a third is in oxides and two thirds is >2g/t
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 & producers (West African Resources, Orezone, Endeavour, Gryphon, Orbis, Fortuna Silver) • 9 gold mines in operation – forecast CY22 gold production ~2Moz(1) Ouagadougou Orezo
Slide 6: Multi-Project Exposure in South West Burkina Faso
MULTI-PROJECT EXPOSURE IN SOUTH WEST BURKINA FASO SANUTURA PROJECT • 1,420km2 (100% owned) • 85% of Resource in Tankoro Deposit • 0.6Moz (Ind) & 2.3Moz (Inf) Au Resource(1) • 21,000m shallow drill program completed in 2022 • PEA commenced and due mid-2023 KARANKASSO PROJECT (JV) • 697km2 (18% owned)
Slide 7: Sanutura Project
SANUTURA PROJECT SOLID RESOURCE FOUNDATION POSITIONED TO SUPPORT MULTI-STAGE DEVELOPMENT Sarama PROJECT OVERVIEW Endeavour Sarama/Endeavour Gold-in-soil • Project forms major part of a regional gold-camp with >3.7Moz of gold Karankasso JV Bondi within a 6km radius of the Tankoro Deposit 0.7Moz 0.5Mo
Slide 8: Tankoro Deposit – Oxide Resource Growth
TANKORO DEPOSIT – OXIDE RESOURCE GROWTH LARGE SYSTEM WITH ESTABLISHED MULTI-MILLION OUNCE RESOURCE TANKORO • Big system → Tankoro mineralised corridor is 1-1.5km wide and 16km long, and over 20km long when Bantou (EDV) is included Extensive Cross-linking Structure • 0.6Moz Au (Ind) and 1.9Moz Au (In
Slide 9: Tankoro Deposit – Expanding Central Area
TANKORO DEPOSIT – EXPANDING CENTRAL AREA CENTRAL AREA ACCOUNTS FOR 80% OF METAL • Recent shallow drilling has discovered new high-grade gold MM mineralization plus strike and up-dip extensions 1.8MOz • Multiple new high-grade intersections in near surface oxide material including 21m @ 7.57g/t Au(1)
Slide 10: Obi – Expanding Southern Deposit Area
OBI – EXPANDING SOUTHERN DEPOSIT AREA IMPORTANT NEW DISCOVERY ADDING OUNCES AND A NEW TARGETING MODEL Extended Mineralisation 1.8km Untested Trend • Extensive zone of flat-lying mineralisation in shallow, oxide material 2021 Mineral Resource • Multiple high-grade intersections outside the current re
Slide 11: Obi – New Targeting Model
OBI – NEW TARGETING MODEL DIFFERENT STYLE OF MINERALISATION IDENTIFIED Why Obi 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 & potential enrichment • 1.8km untest
Slide 12: Takeaways from 2022 Drill Program
TAKE AWAYS FROM 2022 DRILL PROGRAM MINERALISING SYSTEM IS LARGE WITH AMPLE UPSIDE REMAINING What we see and like from recent drilling: ✓ Proven there is space and scope to make new discoveries between & adjacent to historical drilling ✓ Depth of oxidation increasing to 80m in certain areas ✓ Importa
Slide 13: Bondi Deposit
BONDI DEPOSIT HIGH GRADES WITH GOOD EXPLORATION UPSIDE • 0.5Moz Au(1) Inferred mineral resource Bondi • 6km strike & up to 30m in width with high grades & thick intersections within resource pit shells • Top 70-100m is well drilled but deeper drilling is sparse and not effectively targeted • Histori
Slide 14: Bondi Deposit – Resource Upside
BONDI DEPOSIT RESOURCE UPSIDE CONVERTING UNCLASSIFIED MATERIAL US$1800/oz Resource Pit Shell Bondi Deposit 0.5MOz Inferred = Light Blue Unclassified = Dark Blue Walk-up exploration targets part of up-coming drill program Much of the pit shell is classification-limited at depth 13
Slide 15: Sanutura Project Regional Opportunities
SANUTURA PROJECT REGIONAL OPPORTUNITIES REGIONAL EXPLORATION AND CONSOLIDATION POTENTIAL • Significant consolidation opportunity to combine Sarama’s and Endeavour’s Sanutura Project (SWA) Bondi Bantou Project (EDV) 0.5Moz regional projects creating a ~5Moz Au Project Karanaksso Project (SWA/EDV) Gol
Slide 16: Key Milestones & News Flow Potential
KEY MILESTONES & NEWS FLOW POTENTIAL ASX listing & A$8M equity raise Led by Euroz Hartleys Commence BFS(2) Commence drilling(1) campaign Finish PEA evaluating accelerated development Tankoro & Bondi Deposits Regional targets Complete abridged drill program 20,000m completed Update resource model May
Slide 17: Multiple Drivers for Investment
MULTIPLE DRIVERS FOR INVESTMENT STRATEGIC MULTI-MILLION COMPELLING POSITION IN OUNCE RESOURCE VALUATION ON 2 GOLD BELTS A GROWING COMPARABLE ENDOWMENT METRICS ACTIVELY DRILLING MULTI PHASE DEVELOPMENT TO DRIVE RESOURCE 5+ YEARS INITIAL OXIDE FEED GROWTH 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 – Qualified Persons' Statement
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 – Qualified Persons' Statement
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
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