SRR - Sarama Resources

[System]

Sarama Resources is a West African-focused gold explorer that holds a commanding land position of approximately 1,900km² across two highly prospective gold belts in Burkina Faso.

The Company’s flagship Sanutura Project has an existing multi-million ounce Mineral Resource of 9.4Mt @ 1.9g/t Au for 0.6Moz Au (Indicated) plus 52.7Mt @ 1.4g/t Au for 2.3Moz Au (Inferred)1 with significant growth potential available from its position along 70km of strike in one of the most prolific gold belts in West Africa.

It is anticipated that SRR will list on the ASX during May 2022.

West African Gold Developer and Gold Explorer | Sarama Resources

Sarama Resources is a West African gold explorer and gold developer focused on establishing a new mining district in Burkina Faso.

saramaresources.com

 

[Dona Ferentes]

Listing date	02 May 2022 ; 12:30 PM AEST ##
Company contact details	West African Gold Developer and Gold Explorer | Sarama Resources Sarama Resources is a West African gold explorer and gold developer focused on establishing a new mining district in Burkina Faso. saramaresources.com Ph +61 8 9363 7600
Principal Activities	Mining and Exploration
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Chess Depository Interests
Security code	SRR
Capital to be Raised	$8,000,000
Expected offer close date	30 March 2022
Underwriter	Not underwritten. Euroz Hartleys Limited (Lead Manager).

 

[Sean K]

Some new results out. They seem to have added quite a few ounces since this drill program started. Hard to find exactly where all their historic ounces came from and who drilled them. Looks like it might be a left over from a larger company divesting their non-core assets.