Sarama Resources Ltd. announces that it has filed its written Memorial detailing the Company's claim against the Government of Burkina Faso as well as damages for the sum of US$242 million, plus interest. The proceedings arise from the unlawful expropriation of the Company's Tankoro 2 Exploration Permit in Burkina Faso and follow the submission of its Request for Arbitration to the International Centre for Settlement of [...]
Sarama Resources advises that on 21 October 2025, it completed the third tranche of the previously announced A$2.7m equity placement. The third tranche of the Placement raised total proceeds of A$100,000 through the issuance of 3,333,333 CHESS Depositary Interests at an issue price of A$0.03 per CDI. In addition, 1,111,111 free attaching unlisted options were issued, each exercisable at A$0.09 and expiring on 30 November [...]
Sarama Resources is pleased to report that on 7 Oct 2025, it completed the second tranche of the previously announced A$2.6m equity placement. The second tranche of the Placement consisted of 28,888,889 free attaching unlisted options and 19,166,666 broker options, with each Option exercisable at A$0.09 and expiring on 30 Nov 2028. The issuance of the Tranche 2 Options was subject to shareholder approval which was [...]
Sarama Resources provides an update on its arbitration proceedings against the Government of Burkina Faso. The proceedings arise from the unlawful expropriation of the Company's Tankoro 2 Exploration Permit and follow the submission of its Request for Arbitration to the International Centre for Settlement of Investment Disputes, a division of the World Bank Group, in Dec 2024. Arbitral Panel Constituted and First [...]
Sarama Resources is pleased to advise that it has completed the previously announced acquisition of a majority interest in the under-explored, belt-scale 420km² Mt Venn Project. This follows Sarama's acquisition of a majority interest in the nearby Cosmo Gold Project in Dec 2024. Together, these acquisitions create a 1,000km² landholding covering two well-positioned and underexplored greenstone belts in the Laverton Gold [...]
Sarama Resources is pleased to report that on 9 July 2025, it closed tranche 1 of its previously announced A$2.7m equity placement. Tranche 1 of the Placement raised aggregate gross proceeds of A$2,600,000 with the Company issuing 86,666,667 Chess Depository Instruments at an issue price of A$0.03 per CDI. Each new CDI issued under the Placement will rank equally with existing CDIs on issue and each CDI will represent a [...]
Highlights Well supported Placement to raise A$2.7 million, reflecting strong support from new and existing institutional, professional, and sophisticated investors. Funds will be primarily used to launch major further exploration initiatives including a drilling program in Q3 CY25 at the recently acquired Cosmo Gold Project in the prolific Laverton Gold District of Western Australia. The drilling will test high-priority [...]
Sarama Resources is pleased to advise that it has reached binding agreement with Orbminco, an arm's length third party, to acquire a majority and controlling interest in the under-explored, belt-scale 420km² Mt Venn Project. This follows Sarama's recent acquisition of a majority interest in the nearby Cosmo Project. Together the projects create a 1,000km² well-positioned and underexplored landholding in the Laverton Gold [...]
Sarama Resources Ltd. is pleased to report that on 11 February 2025, it completed the final tranche of the previously announced A$2m equity placement . The second and final tranche of the Placement consisted of 16,666,666 free attaching unlisted options and 14,000,000 broker options , with each Option exercisable at A$0.09 and expiring on 30 November 2028. The issuance of the Tranche 2 Options was subject to shareholder [...]
Sarama Resources Ltd. is pleased to report that on 11 February 2025, it had completed the issue of shares in part settlement of deferred executive salaries and director fees as previously announced in a news release dated 21 November 2024. The Shares for Debt arrangement comprised the issue of 13,132,706 Chess Depository Interests at a deemed issue price of A$0.03 per CDI, equivalent to A$393,981.18 as detailed in Table 1 [...]
First Major Exploration Program in Several Decades on Highly Prospective Cosmo Project with Soil Sampling Designed to Generate Drill Targets Sarama Resources Ltd. is pleased to advise that it has commenced a multi-stage regional soil-geochemistry program at its majority-owned 580km² Cosmo Gold Project in the Eastern Goldfields of Western Australia. The program is the most significant exploration work to be undertaken on [...]
Agreement Executed for Acquisition of Majority Interest in Belt-Scale Mt Venn Project Sarama Resources Ltd. is pleased to advise that it has executed a non-binding Heads of Agreement with Orbminco Limited , an arm's length third party, to acquire a majority and controlling interest in the under-explored, belt-scale 420km² Mt Venn Project , located in the Eastern Goldfields of Western Australia. This follows Sarama's [...]
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