Sarama Resources Ltd. · TSXV:SWA
Sarama Resources — Investor Presentation (November 2021)
23 slides from Sarama Resources's investor presentation, November 2021
Slide 1: Corporate Presentation – November 2021
CORPORATE PRESENTATION CAPITALISING ON A WORLD-CLASS WEST AFRICAN GOLD BELT NOVEMBER 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 EXPLORATION UPSIDE, NEWS FLOW, LINE OF SIGHT TO 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 t
Slide 4: Peer Comparisons
Peer Comparisons US$EV/oz1 vs Grade vs Resource Size Xtra-Gold Resources Average EV ~$38/oz Au2 ~8x 2.0 Tenure Clarity, Resource Growth Oklo Resources Cora Gold Resource Grade g/t Gold Sarama Studies, De-Risking Predictive Discovery 1.5 Sarama Oxide + Bondi Tietto Marvel Gold Orca Gold Inc 1.0 Weigh
Slide 5: Corporate Overview
Corporate Overview Capital Structure (TSX-V: SWA) Share Price (12 month) Share Price C$ 0.16 Volume Share price $0.40 Common Shares M 99.8 $0.30 0.50 Warrants M 7.1 Vol (m) C$ $0.20 Options M 8.9 0.25 Market Capitalisation C$M 15.9 $0.10 Cash C$M 2.1 $0.00 - Dec 20 Mar 21 Jun 21 Jan 21 Oct 20 Apr 21
Slide 6: Burkina Faso – A Prolific Gold Producer
Burkina Faso – A Prolific Gold Producer • 14 gold mines in operation or under development – CY21 gold production will exceed 2Moz1 • Projects getting financed & built – latest is Orezone’s $190M Bomboré Mine • Southern Houndé belt gold endowment exceeds 19Moz2 • Southern Houndé area remains highly p
Slide 7: Multi-Project Exposure In Burkina Faso
Multi-Project Exposure In Burkina Faso SANUTURA PROJECT • 1,450km2 (100% owned)1 • Principal project • Two large gold deposits with exploration upside • Visibility to a long-life CIL mine development KOUMANDARA EXPLORATION PROJECT • 600km2 (100% owned)1 • +100km gold-in soil trends with high-tenor u
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 • Preliminary work demonstrates a clear basis for development: → Multi-stage long-life project REGIONAL CONSOLIDATION → Stage 1 nominally 5-7 years of oxide & HG free
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 system drilled for 16km of strike • 30km long litho-structural corridor • No major drill programs since March 2017 • 70% of ounces within top 150m • A bulk of the strike tested to only 70m depth • Scope for a significant amount of +2g/t Au feed mate
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 Tankor
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 • Highly prospective, 600km², 100% owned1 early-stage exploration project • Most prospective corridor overlies a 45km-long section of a district- Mana Yaramoko scale litho-structural break • Soil geochemical surveys and auger and scout drilling have all d
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 (Fortuna Silver) • Undeveloped resources
Slide 16: Key Milestones & News Flow Potential
Key Milestones & News Flow Potential Remodel & incorporate Bondi 50,000m drilling campaign Complete PEA Deposit into Sanutura resource Optimise throughput/sizing Tankoro & Bondi Deposits Regional targets Assess scheduling for stage one & stage two of development Incorporate Bondi into Sanutura Miner
Slide 17: Strategic Drivers For Investment
Strategic Drivers For Investment 16
Slide 18: In Summary....
In Summary…. ❑ Sarama has a great landholding with a multi-million ounce resource base that has a clear base case for development with significant near and longer term upside ❑ The company’s assets are located in a prolific region with plenty of new discoveries, new mines and M&A ❑ There is signific
Slide 19: Thank You
THANK YOU Andrew Dinning Paul Schmiede President and CEO VP Corporate Development Sarama Resources Ticker: SWA-V Email: info@saramaresources.com
Slide 20: 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 21: 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 22: 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 (18%) Inferred 12.7 1.75 716 130 0.5g/t BONDI DEPOSIT HISTORICAL RESOURCE (100%1) Meas
Slide 23: Peer Comparison Information
Peer Comparison Information (October 5, 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 43.4 1.3 1.85 44.2 1.1 1.49 Tietto Minerals
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