Sarama Resources Ltd. · TSXV:SWA
Sarama Resources — RIU Conference - Sydney (May 2023)
21 slides from Sarama Resources's conference presentation, May 10, 2023
Slide 1: Corporate Presentation: Capitalising on a World-Class West African Gold Belt
For personal use only CORPORATE PRESENTATION CAPITALISING ON A WORLD-CLASS WEST AFRICAN GOLD BELT May 2023 0
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS For personal use only 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
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS GOLD PRICE LEVERAGE + EXPLORATION UPSIDE + NEAR-TERM DEVELOPMENT For personal use only • 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 ox
Slide 4: Corporate Overview: Experienced Board & Management Team
CORPORATE OVERVIEW EXPERIENCED BOARD & MANAGEMENT TEAM For personal use only BOARD CAPITAL STRUCTURE Simon Jackson Non Executive Chairman Common Shares (M) 151.7 Andrew Dinning Managing Director & CEO Warrants (M)1 15.9 Adrian Byass Non Executive Director Options (M)1 10.2 Steve Zaninovich Non Execu
Slide 5: Burkina Faso: An Established Jurisdiction & Prolific Gold Producer
BURKINA FASO AN ESTABLISHED JURISDICTION & PROLIFIC GOLD PRODUCER For personal use only Iamgold • Established jurisdiction for ASX & TSX explorers & producers (West African Resources, Orezone, Endeavour, Gryphon, Orbis, Fortuna Silver) • 9 gold mines in operation – CY22 gold production circa 2Moz Au
Slide 6: Multi-Project Exposure in South West Burkina Faso
MULTI-PROJECT EXPOSURE IN SOUTH WEST BURKINA FASO For personal use only 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 Q3 2023 KARANKASSO PROJECT (JV)
Slide 7: Sanutura Project
SANUTURA PROJECT SOLID RESOURCE FOUNDATION POSITIONED TO SUPPORT MULTI-STAGE DEVELOPMENT PROJECT OVERVIEW For personal use only Sarama Endeavour Sarama/Endeavour Gold-in-soil • Project forms major part of a regional gold-camp with >3.7Moz(1) of gold Karankasso JV Bondi within a 6km radius of the Tan
Slide 8: Tankoro Deposit – Oxide Resource Growth
TANKORO DEPOSIT – OXIDE RESOURCE GROWTH LARGE SYSTEM WITH ESTABLISHED MULTI-MILLION OUNCE RESOURCE • Big system → Tankoro mineralised corridor is 1-1.5km wide and 16km long For personal use only TANKORO Extensive Cross-linking Structure • 0.6Moz Au (Ind) and 1.9Moz Au (Inf)(1) pit-constrained resour
Slide 9: Tankoro Deposit – Growing Central Area
TANKORO DEPOSIT – GROWING CENTRAL AREA CENTRAL AREA ACCOUNTS FOR 80% OF METAL For personal use only • Recent shallow drilling has discovered new high-grade gold MM mineralization plus strike and up-dip extensions 1.4MOz Au • Multiple new high-grade intersections in near surface oxide material includ
Slide 10: Tankoro Deposit – Expanding Southern Area
TANKORO DEPOSIT – EXPANDING SOUTHERN AREA IMPORTANT NEW DISCOVERY ADDING OUNCES AND A NEW TARGETING MODEL For personal use only Extended Mineralisation 1.8km Untested Trend • Extensive zone of flat-lying mineralisation in shallow, oxide material 2021 Mineral Resource • Multiple high-grade intersecti
Slide 11: Tankoro Deposit – New Targeting Model in South
TANKORO DEPOSIT – NEW TARGETING MODEL IN SOUTH DIFFERENT STYLE OF MINERALISATION IDENTIFIED OBI For personal use only Why Tankoro Deposit’s southern prospect is of interest • Tenor & flat-lying nature of mineralisation suggests a different mineralising event to sub-vertical mineralisation in area •
Slide 12: Take Aways from 2022 Drill Program
TAKE AWAYS FROM 2022 DRILL PROGRAM MINERALISING SYSTEM IS LARGE WITH AMPLE UPSIDE REMAINING For personal use only 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 c
Slide 13: Bondi Deposit
BONDI DEPOSIT HIGH GRADES WITH EXCITING EXPLORATION UPSIDE For personal use only • 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 effe
Slide 14: Bondi Deposit: Resource Growth by Converting Unclassified Material
BONDI DEPOSIT RESOURCE GROWTH BY SIMPLY CONVERTING UNCLASSIFIED MATERIAL For personal use only US$1800/oz Resource Pit Shell Bondi Deposit 0.5Moz Au Inferred = Light Blue Unclassified = Dark Blue Walk-up exploration targets part of up-coming drill program Much of the pit shell is classification-limi
Slide 15: Sanutura Project – Major Regional Opportunity
SANUTURA PROJECT – MAJOR REGIONAL OPPORTUNITY REGIONAL EXPLORATION AND CONSOLIDATION POTENTIAL For personal use only Sarama Endeavour Sarama/Endeavour • Significant regional consolidation opportunity Gold-in-soil Karankasso JV Bondi • Exploration focused on increasing oxide and free-milling mineral
Slide 16: Huge Optionality & Gold Price Leverage
HUGE OPTIONALITY & GOLD PRICE LEVERAGE MULTIPLE REASONS TO INVEST For personal use only PEA NEARING COMPLETION DRILLING WILL DRIVE MULTI PHASE DEVELOPMENT CONTINUED ESTABLISHED ON OXIDE FEED RESOURCE GROWTH STRATEGIC MULTI-MILLION COMPELLING POSITION IN OUNCE RESOURCE VALUATION ON 2 GOLD BELTS AND A
Slide 17: Thank You
For personal use only THANK YOU For further information please contact Andrew Dinning Andrew Dinning Paul Schmiede President and CEO VP Corporate Development Sarama Resources Ticker: ASX: SRR TSX-V: SWA Email: info@saramaresources.com
Slide 18: 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 19: Qualified and Competent Persons’ Statement
Additional Technical Details QUALIFIED AND COMPETENT PERSONS’ STATEMENT For personal use only 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 supporti
Slide 20: Qualified and Competent 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 For personal use only on and fairly repr
Slide 21: Project and Attributable Mineral Resources
Project And Attributable Mineral Resources For personal use only 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
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