Sarama Resources

Primary ticker: TSXV:SWA
Stage of development: Exploration, Development
Primary minerals: gold
Project to promote: Southern Hounde Project Area

Live financials

Sarama is a West African gold development company operating in south west Burkina Faso. The company’s southern Hounde’ project area covers an area of approximately 1,300 km2 and hosts over 2.5Moz of gold in resources. Sarama is advancing this project area toward development and anticipates completing a PEA/development study by the end of 2020. The southern Hounde’ project area is core to development of the region and holds significant strategic value being wedged between Semafo’s Bantou Project and Teranga’s Golden Hill Project.

Management Profile

Andrew Dinning, CEO

30+ years experience in the international mining arena including DRC, West Africa, UK, Russia and Australia. Has extensive mine management, operations and capital markets experience. Prior to founding Sarama was President of DRC based Moto Goldmines and took the 20Moz Moto Gold Project (Kibali Gold) from exploration to pre-development prior to Randgold’s $600 million takeover.

What is your rationale for attending 121 Mining Investment?

Increase the company’s profile and set out the company’s plans after regaining control of its 2.1Moz South Hounde’ Project

What recent news would you like to highlight to investors attending?

Renegotiating commercial terms and closing the deal with Barrick TZ to regain 100% control of the South Hounde’ Project with subsequent drill program extending known mineralisation by 2km.

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Complete first round of scout drilling on recently issued Bamako 2 property

6 Months:
Complete a resource update, timing dependent on re-issue of key licence areas

12 Months:
Complete development options scoping study and start PEA

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Key challenge for the company is access to capital at an acceptable price, the company has supportive shareholders and is looking to achieve a number of milestones prior to accessing capital.

In a sentence, what do you think makes your company such a compelling investment?

Sarama holds a valuable and strategic land position in the southern Hounde’ Belt which hosts over 2.5Moz of gold and has clear visibility to a stand alone mining project. The company’s holding is situated in a very active and prospective part of the between between Semafo and Teranga who both have large exploration programs in progress.