Sarama Resources Limited (ASX:SRR)

Andrew Dinning
MD
Market Cap (AUD): 6.02M
Sector: Materials
Last Trade (AUD): 0.155 +0 (+0%)
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1. About

Sarama Resources Limited (ASX:SRR) is a West African gold explorer and developer focused on building a new mining district in Burkina Faso.

Sarama owns the Sanutura Project, located southwest of Ouagadougou. The project is prospective for greenstone terrane, hosts a growing resource including two major gold deposits and is Saramas lead project which is progressing towards development.

The Sanutura Projects multi-million-ounce mineral resource will underwrite a long life, multi-faceted CIL mine development and recent exploration success has added significant value to the project.

The Company has established a second promising exploration play, the Koumandara Project, in the Banfora Belt. Sarama considers this area highly prospective, and early-stage exploration has defined several corridors of gold anomalism that extend up to 40km in length.

The company also holds a significant interest in the Karankasso Project JV which is proximal to the Sanutura Project and remains part of Saramas regional portfolio mix.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk