Sarama Resources Ltd.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Andrew Robert Mune Dinning
- Full Time Employees
- 3
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 245 Churchill Avenue Subiaco WA Australia 6008
- IPO Date
- Oct 26, 2011
- Website
- saramaresources.com
- Similar Companies
- Business
- Sarama Resources Ltd operates as an exploration entity focused on the discovery and advancement of gold deposits, holding interests across West Africa and Western Australia. The company's primary focus in West Africa includes its wholly-owned Sanutura Project, a prominent late-stage exploration asset spanning approximately 1,450 square kilometers within Burkina Faso's fertile Houndé belt, which hosts an estimated three million ounces of gold in resource, with over two million ounces at a high-grade of +2 g/t gold. Additionally, Sarama maintains a significant interest in the Karankasso Project, an exploration-stage joint venture project in the same region, reporting 700,000 ounces of gold in resources. The portfolio is rounded out by the 100% owned Koumandara Project, encompassing about 467 square kilometers within the Banfora Greenstone Belt, an area considered highly prospective for gold anomalies. Expanding its strategic footprint, the company recently completed acquisitions of majority interests in the Mt Venn and Cosmo Gold Projects in Western Australia's Eastern Goldfields, consolidating a substantial 1,000 square kilometer landholding across these highly prospective, yet underexplored greenstone belts. A notable component of the company's current activities involves a fully funded international arbitration claim seeking no less than US$242 million plus interest against the Government of Burkina Faso, stemming from the alleged unlawful expropriation of its Tankoro 2 Exploration Permit, a key part of the Sanutura Project. Established in 2010, Sarama Resources Ltd is directed from its corporate headquarters in Subiaco, Australia.
Company News
Sarama Completes Tranche 1 Equity Placement and ASX Cleansing Notice
Sarama Resources Announces Private Equity Placement of A$1.5m
Sarama Provides Corporate Update
Sarama Announces Change of Auditor
Sarama Partners With InvestorHub to Strengthen Investor Engagement
Sarama Files Memorial in US$242M Damages Claim Against Burkina Faso
Sarama Completes Tranche 3 Placement & ASX Cleansing Notice
Sarama Resources Provides Update On Arbitration Proceedings
Sarama Resources Geochemistry Program Underway at Cosmo Gold Project
Sarama Resources Submits Request for Arbitration Against Burkina Faso
Sarama Resources Completes Acquisition of Majority Interest in Cosmo Gold Project
Sarama Resources - Key Milestone in Cosmo Gold Project Acquisition
Sarama Resources Secures Funding for Burkina Faso Arbitration Claim
Sarama Resources Updates on Progress of Cosmo Gold Project Acquisition
Sarama Resources Advances Acquisition of Gold Project in Western Australia
Sarama Resources - Corporate Update
Sarama Resources Issues Notice of Intent to Submit Claims to Arbitration
Sarama Resources Engages Leading Arbitration Law Firm
Sarama Resources Engages Leading Arbitration Law Firm
Sarama Resources Provides Update on Status of Exploration Permit