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Sarama readies for After putting a challenging 18 months behind it,

Australian entrance Sarama Resources begins 2022 with a spring
in its step and a clear plan to emulate several
successful West African peers.

Sarama (TSX-V: SWA) has found plans for its Burkina Faso portfolio
hindered over the last two years thanks to permitting delays and JV
Sarama Resources Inc. legacy issues but with these issues now resolved the company is pre-
paring to reinvigorate corporately and on the ground at its Sanutura
Listing: (TSX-V: SWA) – ASX listing TBA Project situated within the prolific southern Houndé belt.
Key management: Andrew Dinning (managing director),
Simon Jackson (non-executive chairman), The company had planned to dual list on the ASX in 2021 but the
Adrian Byass (non-executive director), Steve delay on reissuing of exploration permits over the Bondi and Tankoro
Zaninovich (non-executive director), Jack Deposits of the Sanutura Project forced a pause on the process. With
Hamilton (vice president exploration), Paul the permitting issues cleared up, the company is back on the IPO trail
Schmiede (vice president corporate in Australia.
development), Lui Evangelista (chief financial “In the last few months, we have had the Bondi and Tankoro permits
officer) granted, and we have announced a resource update which sur-
Projects: Sanutura, Burkina Faso, 100%-owned prised to the upside, and we still have a few ounces to be brought in,”
Resource: 9.4mt @ 1.9 g/t for 600,000oz (indicated); Sarama chief executive Andrew Dinning says.
52.7mt @ 1.4 g/t for 2.3 moz (inferred) Sanutura already bore the hallmarks of a development candidate but
the resource update – announced on November 16 – reinforced the
Karankasso, Burkina Faso, 18%-owned project’s potential, increasing contained gold from 2. mMoz to 2.9
(JV with Endeavour Mining Inc) moz for a global resource of 9.4mt @ 1.9 g/t for 600,000oz (indicated)
Resources: 709,000oz (130,000oz attributable to Sarama) and 52.7mt @ 1.4 g/t for 2.3 moz (inferred).
Crucially, the updated resource includes a higher-grade component
Koumandara, Burkina Faso, 100%-owned
Resources: N/A of 0.5 moz @ 2.5 g/t (indicated) and 1.8 moz @ 1.9 g/t (inferred). In