Sarama Resources Ltd. · TSXV:SWA
Sarama Resources — Investor Presentation (February 2023)
23 slides from Sarama Resources's investor presentation, February 2023
Slide 1: Corporate Presentation
CORPORATE PRESENTATION CAPITALISING ON A WORLD-CLASS WEST AFRICAN GOLD BELT February 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 & LARGE UNDERVALUED RESOURCE • Large 100% owned land position in heart of two prolific gold belts in SW Burkina Faso • Value underpinned by a multi-million-ounce pit-constrained gold resource where a third is in oxides and two thirds is >2g/t Au M
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) • 66% of Resource in MM and MC Prospects • 0.6Moz (Ind) & 2.3Moz (Inf) Au Resource(1) • +50,000m(1) shallow drill program underway • High-grade discovery & new exploration target model at Obi Prospect KARANKAS
Slide 7: Sanutura Project
SANUTURA PROJECT SOLID RESOURCE FOUNDATION WITH SIGNIFICANT EXPLORATION UPSIDE Sarama PROJECT OVERVIEW Endeavour Sarama/Endeavour Gold-in-soil • Project forms major part of a regional gold-camp with >4Moz of gold Karankasso JV Bondi within a 6km radius of the Tankoro Deposit 0.7Moz 0.5Moz • Resource
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) extension is included Extensive Cross-linking Structure • 0.6Moz Au (Ind) and 1.9
Slide 9: Tankoro Deposit – Expanding MM & MC Prospects
TANKORO DEPOSIT – EXPANDING MM & MC PROSPECTS THESE TWO PROSPECTS ACCOUNT FOR ~80% OF METAL MM Prospect • Recent shallow drilling has discovered new high-grade gold 1.4Moz Au mineralization plus strike and up-dip extensions • Multiple new high-grade intersections in near surface oxide material inclu
Slide 10: Obi Prospect – Drilling Delivering on All Fronts
OBI PROSPECT – DRILLING DELIVERING ON ALL FRONTS 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
Slide 11: Obi Prospect – New Targeting Model
OBI PROSPECT – 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 • 1.8
Slide 12: Takeaways from Current Program
TAKE AWAYS FROM CURRENT 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 ✓ Structural complexity that is spatially associated with grade and
Slide 13: Bondi Deposit
BONDI DEPOSIT HIGH GRADES WITH GOOD EXPLORATION UPSIDE OVERVIEW X-Section A • 0.5Moz Au(1) Inferred mineral resource • +80,000m of historical drilling to a maximum depth of 300m • 6km strike and up to 30m in width • High grades & thick intersections fall within resource pit shapes • CIL recovery up
Slide 14: Bondi Deposit
BONDI DEPOSIT NEW RESOURCE MODEL HAS IDENTIFIED MULTIPLE OPPORTUNITIES • Stellar intersections from surface to depth with consistent widths & grades (3-5g/t Au) • Very well drilled in top 70-100m • Deeper drilling is sparse & does not target higher-grade shoots effectively • System still open at dep
Slide 15: Bondi Deposit – Resource Upside
BONDI DEPOSIT RESOURCE UPSIDE CONVERTING UNCLASSIFIED MATERIAL US$1800/oz Resource Pit Shell Inferred = Light Blue Unclassified = Dark Blue Much of the pit shell is classification-limited at depth → Walk-up exploration targets are part of the next 30,000m of drilling 14
Slide 16: Sanutura Project Regional Opportunity
SANUTURA PROJECT REGIONAL OPPORTUNITY REGIONAL EXPLORATION AND CONSOLIDATION POTENTIAL • Scope for material increase in oxides & free milling fresh material Bondi Sanutura Project (SWA) Bantou Project (EDV) 0.5Moz • Exploration focused on increasing oxide and free-milling mineral resources Karanakss
Slide 17: Key Milestones & News Flow Potential
KEY MILESTONES & NEWS FLOW POTENTIAL ASX listing & A$8M equity raise Led by Euroz Hartleys Complete PEA Optimise throughput/sizing Complete first phase Assess scheduling for stage one 50,000m drilling(1) campaign & stage two of development of drilling Tankoro & Bondi Deposits Update resource Regiona
Slide 18: Multiple Drivers for Investment
MULTIPLE DRIVERS FOR INVESTMENT STRATEGIC 3MOZ RESOURCE COMPELLING POSITION IN A GROWING VALUATION ON 2 GOLD BELTS ENDOWMENT COMPARABLE METRICS ACTIVELY DRILLING MULTI PHASE DEVELOPMENT TO DRIVE RESOURCE 5+ YEARS INITIAL OXIDE FEED GROWTH 17
Slide 19: 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 20: 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 21: Additional Technical Details
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 22: Additional Technical Details
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 23: 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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