Why Invest With Sarama?

  • Substantial optionality through both exploration and development
  • Visibility to mine development through Sarama’s two southern Houndé Belt projects(1) 
    • Projects provide visibility to a low capex, high-return mining operation
    • Projects are adjoining and cover 1,400km2 of highly prospective greenstone terrane
    • South Houndé Project hosts a 2.1Moz Au inferred resource(2) 
    • ThreeBee Project hosts a historical resource of 0.3Moz Au M&I + 0.1Moz Au inferred
    • Both projects are key to the development of the region
  • Scope for resource increase through new discoveries(3) on the ThreeBee Project and infill on the South Houndé Project
  • Southern Houndé Belt continues to deliver with recent discoveries by Teranga Gold (Golden Hill) and Endeavour Mining (Kari Pump)
  • Koumandara Project is situated 80km west of Sarama’s Houndé Belt projects(1)  and covers 600km2 and remains highly prospective with three gold corridors up to 40km in length
  • Sarama holds a major interest in the Karankasso Project adjacent to the company’s South Houndé Project(1) 
  • Experienced board & management with a successful track record in Africa and elsewhere


(1)  Sarama will have a 100% interest in the Houndé Project upon finalisation of definitive agreements in respect of the transaction announced by news release on 27th November 2018.

(2)  South Houndé Project – 43.0Mt @ 1.5g/t Au (reported above cut-off grades ranging 0.3-2.2g/t Au, reflecting the mining methods and processing flowsheets assumed to assess the likelihood of the inferred mineral resources having reasonable prospects for eventual economic extraction). This mineral resource contains an oxide and transition component of 16.0Mt @ 1.2g/t Au for 611koz Au (reported at a cut-off grade of 0.3g/t Au for oxide and 0.8g/t Au for transition material).  The effective date of the Company’s inferred mineral resource estimate is February 4, 2016.  For further information regarding the mineral resource estimate please refer to the technical report titled “NI 43-101 Independent Technical Report South Houndé Project Update, Bougouriba and Ioba Provinces, Burkina Faso”, dated March 31, 2016 and prepared by Adrian Shepherd.  Adrian Shepherd is an employee of Cube Consulting Pty Ltd and is considered to be independent of Sarama. The technical report is available under Sarama’s profile on SEDAR at

(3)  Bondi Deposit – 4.1Mt @ 2.1g/t Au for 282,000oz Au (measured and indicated) and 2.5Mt @ 1.8g/t Au for 149,700oz Au (inferred), reported at a 0.5 g/t Au cut-off.

i. The historical estimate of the Bondi Deposit reflects a mineral resource estimate compiled by Orezone Gold Corporation (“Orezone”) which has an effective date of February 20, 2009.  The historical estimate is contained in a technical report titled “Technical Report on the Mineral Resource of the Bondigui Gold Project”, dated date of February 20, 2009 and prepared by Yves Buro (the “Bondi Technical Report”). Yves Buro is an employee of Met-Chem Canada Inc and is considered to be independent of Orezone and Sarama. The technical report is available under Orezone’s profile on SEDAR at

ii. Sarama believes that the historical estimate is relevant to investors’ understanding of the property, as it reflects the most recent technical work undertaken in respect of the Bondi Deposit.

iii. The historical estimate was informed by 886 drillholes, assayed for gold by cyanidation methods, were used to interpret mineralised envelopes and geological zones over the area of the historical estimate.  Gold grade interpolation was undertaken using ID² methodology based on input parameters derived from geostatistical and geological analyses assessments.  Field measurements and geological logging of drillholes were used to determine weathering boundaries and bulk densities for modelled blocks.

iv. The historical estimate uses the mineral resource reporting categories required under National Instrument 43-101.

v. No more recent estimates of the mineral resource or other data are available.

vi. Sarama is currently undertaking the necessary verification work in the field and on the desktop that may support the future reclassification of the historical estimate to a mineral resource.

vii. A qualified person engaged by Sarama has not undertaken sufficient work to verify the historical estimate as a current mineral resource and Sarama is therefore not treating the historical estimate as a current mineral resource.