Sarama Resources Reports Significant Increase in Mineral Resources at the Sanutura Project
NOVEMBER 16, 2021
SARAMA RESOURCES REPORTS SIGNIFICANT INCREASE IN MINERAL RESOURCES AT THE SANUTURA PROJECT
VANCOUVER, CANADA. Sarama Resources Ltd. (“Sarama” or the “Company”) is pleased to announce a significant increase in mineral resources for its 100%-owned(12) Sanutura Project (the “Project”) in south-west Burkina Faso. This follows an updated interpretation and re-estimation of mineral resources at the Bondi Deposit, located to the north of the Project’s main Tankoro Deposit.
The Sanutura Project is an advanced-stage exploration project covering approximately 1,500km² (refer Figure 1) that hosts a significant, well-defined mineral resource base and a suite of exploration targets.
The updated mineral resource estimate at the Project (refer Table 1) now stands at:
- 9.4Mt @ 1.9g/t Au for 0.6Moz gold (Indicated); plus
- 52.7Mt @ 1.4g/t Au for 2.3Moz gold (Inferred)(1).
This represents a significant increase over the 2020 mineral resource estimate of 0.6Moz Au (Indicated) and 1.9Moz Au (Inferred)(2) (refer Appendix B) and highlights the scale of the Project and the valuable contribution of the Bondi Deposit.
The combined oxide and transition component of the mineral resource now totals 0.2Moz gold (indicated) plus 0.8Moz gold (inferred)(4), illustrating the ability to provide early plant feed to support a potential staged mine development.
Re-interpretation and improved modelling of the Bondi Deposit has identified several higher-grade shoots within the mineral resource and will greatly assist in exploration targeting. This, combined with compelling regional targets at the Zanawa and Malbus Prospects are expected to deliver further increases to the mineral resource base.
Highlights
- Project mineral resources of 0.6Moz gold (indicated) plus 2.3Moz gold (inferred)(1) (pit shell and underground blockout constrained)
- Significant amount of higher-grade material of 6.3Mt @ 2.5g/t Au for 0.5Moz Au (Indicated) plus 29.8Mt @ 1.9g/t Au for 1.8Moz Au (Inferred)(3) contained within the mineral resource
- Oxide and transition material increased to 0.2Moz Au (Indicated) and 0.8Moz Au (Inferred)(4,5) (~33% of the total mineral resource)
- Free-milling component of mineral resource increased to 0.2Moz (indicated) plus 1.1Moz Au (Inferred)(6) (~44% of the total mineral resource) which has the potential to provide early feed for a multi-stage mine development
- Approximately 20% of the mineral resource is ‘indicated’ classification at an elevated grade of 1.9g/t Au, reflecting higher geological confidence in higher-grade zones
- Approximately 70% of the defined mineral resource for the Bondi Deposit is situated within 80m from surface
- Project mineral resources now include the Bondi Deposit – 9.2Mt @ 1.5g/t Au for 0.5Moz Au (Inferred)(7) following an extensive re-interpretation and updated estimate
- Metallurgical testwork demonstrates gold recoveries of +90% for all material types across the Sanutura Project
Sarama’s President and CEO, Andrew Dinning commented:
“We are very pleased with the significant increase to the mineral resource estimate for Sarama’s 100%-owned Sanutura Project. This resource update marks the completion of a significant amount of technical work on historical exploration data and gives clear direction for future exploration where the Company is seeking to materially increase the Project’s mineral resource.
The inclusion of the Bondi Deposit to the Project’s mineral resource base provides a significant increase in high-grade, free-milling material and has the potential to materially improve start-up economics for the Project. In addition, the overall increase in the oxide and free-milling component to 0.2Moz Au (Indicated) plus 1.1Moz Au (Inferred)(6) has a material impact on the project development picture and our next key step will be to pursue the compelling exploration targets we have identified across the Project. These targets(8,9,10), when combined with the current mineral resources, give us an exploration target in excess of 3-3.5 million ounces of gold.
The Project is being positioned as a long-life, multi-stage asset that can be built and paid for well before we have exploited the oxide resource and one which provides significant optionality and leverage to the gold price and remains key to the development of the southern Houndé Belt.”
Mineral Resource Estimate
The independent mineral resource estimate for Sarama’s 100%-owned Sanutura Project was undertaken by Cube Consulting Pty Ltd (Perth, Western Australia) and features an extensive update to the interpretation and estimation of mineral resources at the Bondi Deposit, a key component of the Project. The update incorporates data from all exploration activities at the deposit, which have occurred over the period 2003 - 2018.
The updated mineral resource for the Sanutura Project is:
- 9.4Mt @ 1.9g/t Au for 0.6Moz gold (Indicated); plus
- 52.7Mt @ 1.4g/t Au for 2.3Moz gold (Inferred)(1).
This is comprised of mineral resources for the Tankoro Deposit of 9.4Mt @ 1.9g/t Au for 0.6Moz Au (Indicated) and 43.6Mt @ 1.4g/t Au for 1.9Moz (Inferred) and the Bondi Deposit of 9.2Mt @ 1.5g/t Au for 0.5Moz (Inferred) (refer Appendix A, Table A1).
Table 1 summarises the updated mineral resource for the Project and Appendix A contains detailed breakdowns as well as notes outlining the methodology used for interpretation, estimation and classification.
The mineral resource features a higher-grade component of 6.3Mt @ 2.5g/t Au for 0.5Moz Au (Indicated) plus 29.8Mt @ 1.9g/t Au for 1.8Moz Au (Inferred)(3) which reflects the presence of numerous higher-grade zones within the mineralised systems. These zones are typically located in areas of structural complexity with an associated increase in the volume of the package of stacked lodes, which the Company would seek to leverage to provide early plant feed in a potential mine development. Figure 4 illustrates the core areas of the MM and MC Prospects at the Tankoro Deposit which feature higher-grade mineralisation in structurally complex settings.
An increase in the oxide and transition components of the mineral resource to 3.2Mt @ 1.6g/t Au for 0.2Moz Au (Indicated) plus 23.4Mt @ 1.1g/t Au for 0.8Moz Au (Inferred)(4,5) has been delivered by the update and Sarama will specifically target this type of material in future drilling programs to provide early plant feed for a potential staged mine development.
Significant quantities of modelled mineralisation remain unclassified and the subject of future drilling campaigns with the intent of converting into mineral resources.
Table 1 - Mineral Resources(A,B) – Sanutura Project
| Geological Classification | Material Type (C,D) | Reporting | Tonnage | Average | Contained | Metal Contribution |
| Cut-off | Above | Grade Above | Gold Above | |||
| Grade(E,F) | Cut-off Grade | Cut-off Grade | Cut-off Grade |
g/t Au Mt g/t Au koz Au %
| Indicated | Oxide (OP) Transition (OP) Fresh (OP) | 0.2 0.3 0.5 | 2.5 0.7 6.1 | 1.5 1.7 2.1 | 123 38 409 | 21% 6% 70% |
|---|---|---|---|---|---|---|
| Sub-total (OP) | 9.3 | 1.9 | 570 | 98% | ||
| Fresh (UG) | 1.6 | 0.1 | 2.4 | 11 | 2% | |
| Total Indicated | 9.4 | 1.9 | 582 | 100% |
| Inferred | Oxide (OP) Transition (OP) Fresh (OP) | 0.2 0.3 0.3 & 0.5(F) | 18.9 4.4 25.9 | 1.1 1.2 1.5 | 638 172 1,222 | 27% 6% 52% |
|---|---|---|---|---|---|---|
| Sub-total (OP) | 49.2 | 1.3 | 2,032 | 87% | ||
| Fresh (UG) | 1.5 & 1.6 | 3.5 | 2.8 | 314 | 13% | |
| Total Inferred | 52.7 | 1.4 | 2,344 | 100% |
Table Notes Mineral resources are not mineral reserves and do not demonstrate economic viability.
All tonnage, grade and ounces have been rounded and minor discrepancies in additive totals may occur.
Weathering classification is based on visual assessment of drill core and cuttings by geologists and does not represent a definitive geo- metallurgical classification.
Mineral resources are reported as a mining shape-constrained subset of the modelled mineral inventory following assessment for ‘reasonable prospects for eventual economic extraction’ by the generation of open pit optimisation shells (“OP”) and underground mining blockouts (“UG”). The assessment is not supported by a preliminary economic assessment or a feasibility study and the geological classification and reporting categorisations do not imply that mineral resources demonstrate economic viability. OP and UG constrained mineral resources are exclusive of each other.
For the Tankoro Deposit, cut-off grades were determined using a gold price of US$1800/oz, metallurgical recoveries supported by testwork and based on oxide material being processed by a CIL flowsheet and transition and fresh material being processed by a flotation+BIOX®+CIL flowsheet and operating cost assumptions for mining, processing and G&A activities considered appropriate for the anticipated configuration of a potential development at the Project. Fresh material at the Guy, Legbenege and Poggle Prospects is assumed to be free-milling and reported at a cut-off grade of 0.3g/t Au. All other OP fresh mineral resources reported at a cut-off grade of 0.5g/t Au.
For the Bondi Deposit, cut-off grades were determined using a gold price of US$1800/oz, metallurgical recoveries supported by testwork and based on material being processed by a CIL flowsheet and operating cost assumptions for mining, processing and G&A activities considered appropriate for the anticipated configuration of a potential development at the Project.
Tankoro Deposit
The mineral resource for the Tankoro Deposit (refer Figures 2 & 4) is principally contained in an extensive package of mineralised lenses, presenting as gold-quartz veinlets and disseminated gold-pyrite within quartz-feldspar-porphyry dykes and sediment-hosted quartz veins. The package is interpreted to extend over a semi-continuous strike length of approximately 16km in a trend that spans approximately 1.4km across the strike (refer Figure 2). A large portion of the mineral resource has only been drill-tested to approximately 70m depth, however drilling of certain higher-grade zones has shown the system to extend to 550m depth where it remains open. The mineralized corridor, as presently defined by drilling, lies within a 30km-long, gold-in-soil geochemical anomaly that remains a key focus for ongoing exploration.
A second mineralised trend in the east of the Project area makes a minor contribution to the mineral resource estimate. This trend is also defined by a large gold-in-soil geochemical anomaly extending for 30km and features gold mineralisation hosted in quartz veins which have typically been drilled to a depth of 30-50m. The under-explored nature of the trend highlights the potential of the Project to host mineralisation of significance outside the historically welldrilled areas in the west and several zones within the trend will be targeted in upcoming exploration programs.
Bondi Deposit
The mineral resource for the Bondi Deposit (refer Figures 3 & 5) is contained in a series of mineralised lenses primarily hosted in a regionally extensive, sub-vertical shear zone system. The mineralisation typically presents as gold-quartz veins and veinlets within a range of lithological host units forming sub-vertical, semi-continuous lenses. These lenses strike N-S to NNE with several closely-spaced parallel lenses combining to form a mineralised package spanning up to 50m across the strike. The mineralised system extends for approximately 6km along strike and in its central area, features a proliferation of structurally-controlled minor lodes striking in a NNW to N-S direction. At its widest point in this area the mineralised package spans approximately 500m across.
Drilling at the deposit is extensive, with the central zone being largely informed by holes at 25m x 25-50m spacing in the near-surface, open-pittable areas. Drilling in a high-grade central zone has extended to a vertical depth of approximately 300m with the mineralisation remaining open. For a large part of the mineral resource, the drilling only extends to 150m below surface and in many areas only 50m below surface.
Exploration Targets
Gold mineralisation, within 5km of the Bondi Deposit occurs in a diverse range of geological settings and deposit types, has been intersected in recent drill programs. This includes disseminated gold associated with E-trending structural features, within and proximal to, intermediate intrusive units (eg. Zanawa Prospect; refer Sarama’s news release of 20 September 2018), high-grade gold-quartz veins cutting fractured mafic volcanic rocks and gold-quartz veinlets associated with a regional shear zone.
More than 30 exploration targets have been identified by Sarama within the larger Sanutura Project area from soil geochemical surveys, IP geophysical surveys, airborne magnetic survey interpretation and historical drilling and these targets will be further explored with a view to establishing multiple satellite feed deposits.
In addition to the stated mineral resources, the Tankoro Deposit has a primary exploration target of a further 3.5-4.3Mt @ 1.2-1.4g/t Au for 135-190koz Au(8), consisting of modelled and estimated mineralisation contained within the open pit shell and underground blockouts. A secondary exploration target of 12.0-14.7Mt @ 1.2-1.4g/t for 0.5-0.7Moz Au(9) has been modelled and estimated outside the constraining mining shapes. The Bondi Deposit has a primary exploration target of 2.5-3.1Mt @ 0.9-1.1g/t Au for 70-100koz Au(10), consisting of modelled and estimated mineralisation contained within the open pit shell and underground blockouts.
While the potential quantity and grade of these exploration targets is conceptual in nature and there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource, they present viable exploration targets for the Company to pursue.
For further information on the Company’s activities, please contact:
Andrew Dinning or Paul Schmiede
e: [email protected] t: +61 (0) 8 9363 7600
The Company will prepare and file a technical report under National Instrument 43-101 within 45 days of the date of this news release.
Figure 1 – Sanutura Project Location
Figure 2 – Tankoro Deposit - Western Corridor Mineralisation & Geology Plan
Figure 3 – Bondi Deposit - Mineralisation and Geology Plan
Figure 4 – Higher-Grade Zones Within the Tankoro Deposit (Model Filtered >1.2g/t Au), 3D View to NW from Above, MM & MC Prospects
Figure 5 - Bondi Deposit - Main Mineralisation and Constraining Pit Shell (US$1800/oz), 3D View to NE from Above
ABOUT SARAMA RESOURCES LTD
Sarama Resources Ltd (TSX-V: SWA) is a West African focused gold explorer and developer with substantial landholdings in south-west Burkina Faso. Sarama is focused on maximising the value of its strategic assets and advancing its key projects towards development.
Sarama’s 100%-owned(12) Sanutura Project is principally located within the prolific Houndé Greenstone Belt in southwest Burkina Faso and is the exploration and development focus of the Company. The project hosts the Tankoro and Bondi Deposits which have a combined mineral resource of 0.6Moz gold (indicated) and 2.3Moz gold (inferred)(1).
Together, the deposits present a potential mine development opportunity featuring an initial, long-life CIL project which may be established and paid for by the significant oxide mineral resource base.
Sarama has built further optionality into its portfolio including a 600km² exploration position in the highly prospective Banfora Belt in south-western Burkina Faso. The Koumandara Project hosts several regional-scale structural features and trends of gold-in-soil anomalism extending for over 40km along strike.
Sarama also holds an approximate 18% participating interest in the Karankasso Project Joint Venture (“JV”) which is situated adjacent to the Company’s Sanutura Project in Burkina Faso and is a JV between Sarama and Endeavour Mining Corp (“Endeavour”) in which Endeavour is the operator of the JV. In February 2020, an updated mineral resource estimate of 709koz gold(11) was declared for the Karankasso Project JV.
The Company’s Board and management team have a proven track record in Africa and a strong history in the discovery and development of large-scale gold deposits. Sarama is well positioned to build on its current success with a sound strategy to surface and maximise the value of its property portfolio.
FOOTNOTES
1. Current mineral resource estimate for Sanutura Project - 9.4Mt @ 1.9g/t Au for 0.6Moz Au (Indicated) plus 52.8Mt @ 1.4g/t Au for 2.3Moz (Inferred), reported at cut-off grades ranging 0.2-1.6g/t Au, reflecting the mining methods and processing flowsheets assumed to assess the liklihood of the mineral resources to have reasonable prospects for eventual economic extraction. The effective date of the Company’s mineral resource estimate is November 16, 2021.
2. Previous 2020 mineral resource estimate for Sanutura Project - 9.4Mt @ 1.9g/t Au for 0.6Moz Au (Indicated) plus 43.6Mt @ 1.4g/t Au for 1.9Moz (Inferred), reported at cut-off grades ranging 0.2-1.6g/t Au, reflecting the mining methods and processing flowsheets assumed to assess the liklihood of the mineral resources to have reasonable prospects for eventual economic extraction. The effective date of the Company’s mineral resource estimate was September 8, 2020. For further information regarding the mineral resource estimate refer to the technical report titled “NI 43-101 Independent Technical Report Sanutura Project, South-West Burkina Faso”, dated October 20, 2020 and prepared by Paul Schmiede, Adrian Shepherd and Fred Kock. Paul Schmiede is an employee of Sarama and Messers Shepherd and Kock was/is an employee of Cube Consulting Pty Ltd and Orway Mineral Consultants Pty Ltd respectivley and are considered to be independent of Sarama. The technical report is available under Sarama’s profile on SEDAR at www.sedar.com.
Higher grade component of the current mineral resource - 6.3Mt @ 2.5g/t Au for 0.5Moz Au (Indicated) plus 29.8Mt @ 1.9g/t Au for 1.8Moz 3.
(Inferred) reported at a cut-off grade of 1.0g/t Au for all material types.
Oxide & transition component of the current mineral resource - 3.2Mt @ 1.6g/t Au for 0.2Moz Au (Indicated) plus 23.4Mt @ 1.1g/t Au for 4.
0.8Moz Au (Inferred), reported above cut-off grades of 0.2g/t Au and 0.3g/t Au for oxide and transition material respectively.
Oxide & transition component of the previous mineral resource (2020) - 3.2Mt @ 1.6g/t Au for 0.2Moz Au (Indicated) plus 20.1Mt @ 1.0g/t Au 5.
for 0.7Moz Au (Inferred), reported above cut-off grades of 0.2g/t Au and 0.3g/t Au for oxide and transition material respectively.
Free-milling component of the current mineral resource - 3.2Mt @ 1.6g/t Au for 0.2Moz Au (Indicated) plus 29.4Mt @ 1.2g/t Au for 1.1Moz Au 6.
(Inferred), reported above cut-off grades of 0.2g/t Au and 0.3g/t Au for oxide and transition material respectively for both the Tankoro and Bondi Deposits. Free-milling fresh material at both the Tankoro and Bondi Deposits reported above a cut-off grade of 0.3g/t Au and 1.5g/t Au for fresh material in open pit and underground areas respectively.
7. Bondi Deposit component of the current mineral resource – 9.2Mt @ 1.5g/t Au for 0.5Moz Au (Inferred), reported at cut-off grades ranging 0.2- 1.5g/t Au reflecting the mining methods and processing flowsheets assumed to assess the liklihood of the mineral resources to have reasonable prospects for eventual economic extraction.
8. Tankoro Deposit primary exploration target - expressed as a +/-10% range of modelled and estimated mineralisation of 3.1Mt @ 1.1g/t Au for 113koz Au (open pit) and 0.8Mt @ 2.0g/t Au for 53koz Au (underground) reported at cut-off grades of 0.5g/t Au and 1.6g/t Au respectively. This material has low geological, spatial and estimate conficence and cannot be considered as a mineral resource, but is contained within the open pit and undergound mining shapes used to constrain the reported mineral resource.
9. Tankoro Deposit secondary exploration target - expressed as a +/-10% range of modelled and estimated mineralisation of 13.4Mt @ 1.3g/t for 0.6Moz Au reported at a cut-off grade of 1.0g/t Au. This material encompasses all weathering types and all geological classifications and is located outside the constraining open pit shells and underground blockouts used to categorise the modelled mineralisation as having reasonable prospects for eventual economic extraction.
10. Bondi Deposit primary exploration target - expressed as a +/-10% range of modelled and estimated mineralisation of 2.8Mt @ 1.0g/t Au for 88koz Au (open pit) reported at cut-off grade of 0.3g/t Au. This material has low geological, spatial and estimate conficence and cannot be considered as a mineral resource, but is contained within the open pit and undergound mining shapes used to constrain the reported mineral resource.
11. Karankasso Project current mineral resource estimate – the current mineral resource estimate for the Karankasso Project of 12.74Mt @ 1.73g/t Au for 709koz Au (effective date of December 31, 2019) was disclosed on February 24, 2020 by Semafo Inc (“Semafo”, since acquired by Endeavour Mining Corp. “Endeavour”). For further information regarding that mineral resource estimate, refer to the news release “Semafo: Bantou Project Inferred Resources Increase to 2.2Moz” dated February 24, 2020 and Semafo: Bantou Project NI43-101 Technical Report – Mineral Resource Estimate” dated April 3, 2020. The news release and technical report are available under Semafo’s and Endeavour’s profile on SEDAR at www.sedar.com. The mineral resource estimate was fully prepared by, or under the supervision of Semafo. Sarama has not independently verified Semafo’s mineral resource estimate and takes no responsibility for its accuracy. Semafo, and now Endeavour, is the operator of the Karankasso Project JV and Sarama is relying on their Qualified Persons’ assurance of the validity of the mineral resource estimate. Additional technical work has been undertaken on the Karankasso Project since the effective date but Sarama is not in a position to quantify the impact of this additional work on the mineral resource estimate referred to above.
12. The Tankoro Exploration Permit, which hosts the Tankoro Deposit, is undergoing a process with the Government of Burkina Faso where it is required it be re-issued as a new full-term exploration permit and the Company continues to work with the relevant government departments to progress the re-issue of the exploration permit. The Company remains optimistic of a satisfactory outcome, however timeframe for the permit re-issue is indeterminate. Sarama has previously had a number of exploration permits re-issued, however there is no assurance of the timing and prospects for the re-issuance of the exploration permit. As a matter of practice, the application for re-issue is typically granted providing work done by the holder is significant and the application is submitted in a timely manner, with both conditions being satisfied by Sarama.
CAUTION REGARDING FORWARD LOOKING INFORMATION
Information in this news release that is not a statement of historical fact constitutes forward-looking information. Such forward-looking information includes, but is not limited to, the updated mineral resource estimate, statements regarding the Company’s future exploration and development plans, the potential for the Sanutura and Karankasso Projects to host economic mineralisation, the potential for open pit and underground mining at the Sanutura Project, the potential to expand the present oxide component of the existing estimated mineral resources at the Sanutura Project, the reliability of the historical exploration work and estimates for artisanal mining depletion at the Bondi Deposit, the potential for the receipt of regulatory approvals and the timing and prospects for the re-issuance of the Tankoro Exploration Permit by the Government of Burkina Faso. Actual results, performance or achievements of the Company may vary from the results suggested by such forward-looking statements due to known and unknown risks, uncertainties and other factors. Such factors include, among others, that the business of exploration for gold and other precious minerals involves a high degree of risk and is highly speculative in nature; mineral resources are not mineral reserves, they do not have demonstrated economic viability, and there is no certainty that they can be upgraded to mineral reserves through continued exploration; few properties that are explored are ultimately developed into producing mines; geological factors; the actual results of current and future exploration; changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company’s publicly filed documents.
There can be no assurance that any mineralisation that is discovered will be proven to be economic, or that future required regulatory licensing or approvals will be obtained. However, the Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Assumptions have been made regarding, among other things, the Company’s ability to carry on its exploration activities, the sufficiency of funding, the timely receipt of required approvals, the price of gold and other precious metals, that the Company will not be affected by adverse political events, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain further financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information.
Sarama does not undertake to update any forward-looking information, except as required by applicable laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
QUALIFIED PERSONS’ STATEMENT
Scientific or technical information in this disclosure that relates to the preparation of the mineral resource estimate for the Sanutura Project is based on information compiled or approved by Paul Schmiede. Paul Schmiede is an employee of Sarama Resources Ltd and is a Fellow in good standing of the Australasian Institute of Mining and Metallurgy. Paul Schmiede has sufficient experience which is relevant to the commodity, style of mineralisation under consideration and activity which he is undertaking to qualify as a Qualified Person under National Instrument 43-101. Paul Schmiede consents to the inclusion in this news release of the information, in the form and context in which it appears.
Scientific or technical information in this disclosure that relates to the metallurgical testwork at the Bondi Deposit is based on information compiled or approved by Paul Schmiede. Paul Schmiede is an employee of Sarama Resources Ltd and is a Fellow in good standing of the Australasian Institute of Mining and Metallurgy. Paul Schmiede has sufficient experience which is relevant to the commodity, style of mineralisation under consideration and activity which he is undertaking to qualify as a Qualified Person under National Instrument 43-101. Paul Schmiede consents to the inclusion in this news release of the information, in the form and context in which it appears.
Scientific or technical information in this disclosure that relates to tank-based and oxidative metallurgical testwork and mineral processing is based on information compiled or approved by Fred Kock. Fred Kock is an employee of Orway Mineral Consultants Pty Ltd and is considered to be independent of Sarama Resources Ltd. Fred Kock is a Fellow in good standing of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the commodity, style of mineralisation under consideration and activity which he is undertaking to qualify as a Qualified Person under National Instrument 43-101. Fred Kock consents to the inclusion in this news release of the information, in the form and context in which it appears.
Scientific or technical information in this disclosure that relates to exploration activities at the Sanutura Project is based on information compiled or approved by Guy Scherrer. Guy Scherrer is an employee of Sarama Resources Ltd and is a member in good standing of the Ordre des Géologues du Québec and has sufficient experience which is relevant to the commodity, style of mineralisation under consideration and activity which he is undertaking to qualify as a Qualified Person under National Instrument 43-101. Guy Scherrer consents to the inclusion in this disclosure of the information, in the form and context in which it appears.
Scientific or technical information in this disclosure that relates to the quotation of the Karankasso Project’s mineral resource estimate and exploration activities is based on information compiled by Paul Schmiede. Paul Schmiede is an employee of Sarama Resources Ltd and is a Fellow in good standing of the Australasian Institute of Mining and Metallurgy. Paul Schmiede has sufficient experience which is relevant to the commodity, style of mineralisation under consideration and activity which he is undertaking to qualify as a Qualified Person under National Instrument 43-101. Paul Schmiede consents to the inclusion in this disclosure of the information, in the form and context in which it appears. Paul Schmiede and Sarama have not independently verified Semafo’s (now Endeavour’s) mineral resource estimate and take no responsibility for its accuracy.