Advancing Projects In West Africa.

About Sarama Resources

Sarama Resources (TSX-V: SWA) is a West African gold explorer and developer whose principal focus is in Burkina Faso, where it has had significant exploration success with the definition of 2.1 Moz Au at the South Houndé Project and 0.67 Moz Au at the neighbouring Karankasso JV. The Company and its JV partners are currently advancing both projects.

Sarama’s flagship property, the South Houndé Project, is located in south-west Burkina Faso and hosted in the prolific Houndé Greenstone Belt, a region known for its world class gold deposits including Semafo’s Mana Gold Mine, Roxgold’s Yaramoko Gold Mine and Endeavour Mining’s Houndé Gold Project.

In November 2014, Sarama entered into an agreement with Acacia Mining (formerly African Barrick Gold) to fund US$14m of exploration to earn a 70% interest in the South Houndé Project. Acacia can earn a further 5% in the Project by defining a 1.6Moz reserve (for more details refer to news release November 27, 2014).

The highly prospective South Houndé Project covers 814km2 and hosts an Inferred Mineral Resource of 43 Mt at 1.5 g/t for 2.1 Moz Au at a 0.3-2.2 g/t cut-off and over 1.1 Moz Au at 2.7 g/t at a 1.6 g/t cut-off (Mineral Resource estimate effective at February 8, 2016).

Sarama has a 35% JV interest in the Karankasso Project which covers approximately 650km2 of highly prospective ground including a 50 km long exploration corridor defined by soil anomalies and artisanal workings. The Karankasso Project hosts a maiden Inferred Mineral Resource of 9.16 Mt at 2.28 g/t for 0.67Moz Au at a 0.5g/t cut-off (Mineral Resource Estimate effective at October 7, 2015), and is situated adjacent to the South Houndé Project.

Incorporated in April 2010, Sarama’s Board and management team have a proven track record in Africa and a strong history in the discovery and development of large-scale gold deposits. Headquartered in Perth, Western Australia, the Company is well positioned to build on its current success with a sound exploration and project development strategy across its property portfolio.

Investor Highlights

  • Quality land package in the southern Houndé gold belt in Burkina Faso
  • Inferred Mineral Resource of 2.1 Moz Au at the flagship South Houndé Project in Burkina Faso
  • 0.5 Moz Inferred Au Oxide Resource at the flagship South Houndé Project
  • 35% interest in the Karankasso JV which hosts a maiden Inferred Mineral Resource of 0.67 Moz and is contiguous to the Company's South Houndé Project
  • $14m earn-in agreement with Acacia Mining on the company’s South Houndé Project provides funding to advance exploration
  • Active exploration programs funded by Acacia deal with +50,000m of drilling completed
  • US$4m budgeted for exploration in 2016
  • Liberian assets sold to Aureus Mining for 6.6m shares, plus a 1% NSR
  • Permit adjacent to B2Gold’s (Papillon’s) Fekola deposit in West Mali has encouraging exploration results
  • Experienced Board and management team with proven track records in Africa (Management holds 20% of the Company)