Sarama Resources Ltd. · TSXV:SWA
Sarama Resources — Precious Metals Summit September 2018
23 slides from Sarama Resources's conference presentation, September 2018
Slide 1: Precious Metals Summit, September 2018
PRECIOUS METALS SUMMIT SEPTEMBER, 2018
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT 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 properties in which we have interests, mineral resour
Slide 3: Bringing the Next Generation of Mines to Burkina
Bringing the Next Generation of Mines to Burkina • Experienced board and management team • Pipeline of 3 projects from Early Stage to Scoping Level • 2018 has seen good progress across most projects • Scope for resource increase on Djarkadougou Permit with new discoveries and extensions to the Bondi
Slide 4: Management And Capital Structure
Management And Capital Structure Andrew Dinning Chairman & CEO TSX-V: SWA Sean Harvey Non Executive Director Common Shares 181,710,402 Simon Jackson Non Executive Director Warrants 17,616,564 Dave Groves Non Executive Director Options 13,460,000 Andrew Dinning Chairman & CEO MAJOR SHAREHOLDERS Jack
Slide 5: Current & Next Generation of Mines in Burkina Faso
Current & Next Generation of Mines in Burkina Faso • 12 mines in operation or under development • Home to small to intermediate producers who always need to replace reserves • Many deposits & mines have transacted • New project pipeline diminished due to mine development and decreased exploration •
Slide 6: Sarama Interests in Burkina
Sarama Interests in Burkina • Sarama has interests in 4 projects covering ~2,700km2 in Burkina Faso Mana • Two contiguous projects in southern Houndé belt Yaramoko • Projects range from early stage exploration through to scoping level Houndé • ThreeBee Project 100% owned Bondi • Koumandara Project i
Slide 7: Southern Houndé Belt
Southern Houndé Belt • Established gold belt with >12Moz and three operating mines Mana • Includes Semafo’s Mana Mine, Roxgold’s Yaramoko Yaramoko Mine & Endeavour’s Houndé Mine • Sarama Projects cover 2,000 km2 with 3.2Moz of Houndé gold resources delineated: Bondi i. ThreeBee Project - 282koz1 M&I
Slide 8: ThreeBee Project
ThreeBee Project • 100% owned by Sarama • Well positioned geologically and proximal to Golden Hill discovery and Sarama’s South Houndé Project • Comprises four permits covering 660km2 and is being looked at as a possible stand-alone area • Bondi Deposit provides cornerstone project ounces • Scope to
Slide 9: Djarkadougou Permit (Bondi) – Regional Potential
Djarkadougou Permit (Bondi)– Regional Potential • The southern extension of the Boni Shear Siou Zone crosses onto the Djarkadougou Mana Permit Yaramoko • Exploration potential remains on the Yaramako permit in at least 3 target scenarios: Houndé → Along the Boni Shear proper, e.g. Siou → As tensiona
Slide 10: Djarkadougou Permit - Bondi Deposit
Djarkadougou Permit - Bondi Deposit • Acquired from Orezone for up-front cost of <US$4/oz Au Northeast • Historical mineral resource estimate1 of 282koz Au M&I plus 150koz Au Inferred • Bondi deposit has excellent characteristics including: → High quality ROM feed expected at grades of 2.5-3.0g/t Au
Slide 11: Djarkadougou – Zanawa Prospect
Djarkadougou – Zanawa Prospect Northeast • New discovery situated 4km NE of Bondi Deposit • Small scout AC & RC drill program has yielded encouraging near–surface results: • 22m @ 3.85g/t Au from 5m • 29m @ 1.44g/t Au from 1m • 5m @ 4.54g/t Au from 15m • Mineralisation extends >1km strike • Wide dri
Slide 12: Bamako – New High Grade Zones Identified
Bamako – New High Grade Zones Identified • ~20km east of the Bondi Deposit • High-grade quartz-vein system • Stacked gold-quartz veins +3km in length • Significant artisanal workings • Rock chip sampling returned up to 18.9g/t • Gold-in-soils returned up to 13.6g/t • Scout drill intercepts include 1
Slide 13: Banfora Belt – Koumandara Project
Banfora Belt – Koumandara Project Koumandara (100%) • 100% owned project covering 602km² • Good access to infrastructure – only 30km from Bobo & Mana regional power grid Yaramoko • The Banfora Belt is very under-explored Houndé • Sarama had benefit of it’s own non-public data to be able to put regio
Slide 14: Banfora Belt – Koumandara Project
Banfora Belt – Koumandara Project • Geological characteristics similar to those associated with gold in the Houndé belt • Large 43km long anomalous trend not previously identified Auger Kapogouan • Anomalism is coincident with: Noumousso, Kongoroba Dabokuy N Regional break with cohesive & high-ten
Slide 15: Option Value in Sarama's Assets
Option Value in Sarama’s Assets 1. Scarcity Value Recent M&A in Burkina Faso and West Africa has Mana removed a lot of projects/assets from the market Yaramoko 2. Exploration Value Large holdings and multiple projects in highly Houndé prospective greenstone belts Bondi 3. Attributable Ounces Koumand
Slide 16: 2018 Milestones
2018 Milestones ▸Remodel Bondi deposit and broader Djarkadougou Permit ▸Complete re-targeting work and drill test new model and targets at Djarkadougou Permit ▸Remodel Bamako Permit geology and develop and drill test new targets ▸Complete first phase of base data collection on Koumandara Project ▸Re
Slide 17: Summary
Summary The next generation of mines is going to come from exploration, looking at known assets through a different lens and combining assets that can’t stand alone AND SARAMA HAS • A team with a successful discovery record in Burkina Faso (and elsewhere including Moto) • A Pipeline of 3 projects ra
Slide 18: Thank You
THANK YOU
Slide 19: Additional Technical Details
Additional Technical Details MINERAL RESOURCE DETAILS 1. 43.0 Mt @ 1.5 g/t Au (reported above cut-off grades ranging 0.3-2.2 g/t Au, reflecting the mining methods and processing flowsheets assumed to assess the likelihood of the inferred mineral resources having reasonable prospects for eventual eco
Slide 20: Sarama Mineral Resources
Sarama Mineral Resources OUTH HOUNDÉ PROJECT (50%) (INFERRED1) Mt Au g/t Koz Au Att. Koz Au Au cut-off Oxide and Transition 16.0 1.2 611 306 0.3 - 0.8g/t Fresh 25.0 1.9 1,487 743 0.8 - 2.2g/t Total 41.0 1.5 2,098 1,049 KARANKASSO PROJECT (31%) (INFERRED1) Oxide (negligible transition) 2.1 2.1 134 42
Slide 21: Additional Technical Details
Additional Technical Details QUALIFIED PERSON’S STATEMENT 1. Scientific or technical information in this presentation that relates to the preparation of the Company’s mineral resource estimate is based on information compiled or approved by Adrian Shepherd. Adrian Shepherd is an employee of Cube Con
Slide 22: Houndé Belt – 4th Mine In-Waiting
Houndé Belt – 4th Mine In-Waiting 1. Small scale mine – AT THIS POINT NOW → Heap leach capable of a nominal 60koz/yr → Low CAPEX and low OPEX → Ore fed from Bondi and South Houndé + any Botoro & Bamako discoveries (excludes Karankasso) 2. Intermediate scale – ON THE HORIZON → Oxide & hard rock nomin
Slide 23: South Houndé Project
South Houndé Project ▸Large-scale hydrothermal gold system ▸30km-long geochemical trend defines the Tankoro corridor 3km ▸Current resource is situated within a 10km x 1.3km section of the corridor ▸Bulk of resource defined to +/-150m depth & locally to 400m within high-grade shoots ▸Sarama and JV pa
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