Mining Indaba - Sarama Resources

Sarama Resources is a dual ASX and TSXV listed late-stage exploration company that owns the 3Moz Sanutura Project in southwest Burkina Faso. The Project still has significant exploration potential and in 2022, the company completed c20,000m of a larger 50,000m drill program which is aimed at increasing the pit-constrained oxide resource to over 1.2Moz Au. The Sanutura Project is already of a size that will support a stand-alone project, and the resource profile presents the company with an opportunity to develop a low capital, scalable, multi-stage development that can be established using high-grade oxide material. In addition to the Sanutura Project, there is also a significant regional consolidation opportunity with the 0.7Moz Endeavour/Sarama Karankasso Project JV and Endeavour's 1.5Moz Bantou Project both being adjacent to Sarama’s Sanutura Project, which if combined would create a +5Moz gold project.