Sama Resources Inc.
Sama Resources Inc. is a growth-oriented resource company focused on exploring the Samapleu Nickel-Copper Project in Côte d'Ivoire (Ivory Coast), West Africa. Sama is committed to develop and exploit the Samapleu Nickel-Copper and Platinum Group of Elements ("PGE") Resources.
The Samapleu mineralization is typical of a layered Pipe like Intrusion or conduit‐hosted nickel deposits. These rare type of intrusions host the world's largest nickel‐copper deposits such as: Jinchuan (515 million tonnes ("Mt") at 1.06% nickel), Voisey Bay (137Mt at 1.68% nickel), Kabanga (52Mt at 2.65% nickel), Eagle (4.5Mt at 3.33% nickel), Eagle Nest (20Mt at 1.68% nickel), Kalatongke (24Mt at 0.68% nickel), and N'komati (2.8Mt at 2.08% nickel).
Sama's Exploration Team has identified the Yacouba Layered Complex which includes the Samapleu, Yepleu, Bounta and Grata. The age for the Yacouba Layered Complex is almost the same as the large and mineral rich South-African Bushveld complex.
Sama's projects are located approximately 600 km northwest of Abidjan in Côte d'Ivoire and straddle both sides of the Ivorian and Guinean borders in West Africa. Sama's projects are located adjacent to the large world-class nickel-cobalt laterite deposits of Sipilou and Foungouesso, forming a 125 km long new Base Metal Camp in West Africa.
Sama is well financed and managed by experienced industry professionals with a strong track record of discovery. Sama's operational team has been involved in Côte d'Ivoire for more than 20 years.
Sama has built a strong partnership with the Ivorian government accompanied by first-rate CSR initiatives.
Samapleu Project, Côte d'Ivoire (Ivory Coast), West Africa
The Samapleu Project is located approximately 600 km northwest of Abidjan, the commercial capital of Côte d'Ivoire. The area has excellent infrastructure with a road network leading to the Project and all required services available in the nearby towns of Man and Biankouma. The Samapleu Project is located adjacent to the large world class nickel-cobalt laterite deposits of Sipilou, Foungouesso, Moyango and Viala.
The Samapleu Project is currently in its exploration phase. Since March 2010, Sama has performed surface IP and Mag surveys as well as Airborne Mag-Radiometric and HTEM surveys and drilling programs. The Company has completed Mineral Resources assessments at the Samapleu deposits aiming for a modest scale Ni-Cu open cast mining and processing, while continuing to explore the newly discovered prospective ground. The Company is convinced that the highly prospective geological environment, extending into Guinea, has the potential to become a new world-class base metal district.
Geological Model and World Class Potential
The Samapleu and Yepleu deposits' mineralization and geological characteristics are typical of a layered pipe-like intrusion or conduit-hosted nickel deposits. These rare types of intrusions host the world's largest nickel-copper deposits such as Noril'sk, Jinchuan and Voisey Bay deposits.
Yepleu's Geological Potential
The 2015 National Instrument 43-101 Mineral Resource Includes:
Indicated and Inferred mineral resources have increased by 13% and 231% respectively when compared to the 2012 Resource Estimate.
2017 Samapleu Milestones & Catalysts
Management and Directors
Benoit La Salle, FCPA, FCA, MBA, Executive Chairman and Director
Mr. La Salle has more than 17 years of experience in the development and operation of mining projects in West Africa. He is former President & CEO of SEMAFO Inc.
Marc-Antoine Audet, Ph.D, P.Geo., President and Chief Executive Officer, Director
Dr. Audet has over 27 years of geological experience in international nickel laterite exploration and development with major mining companies such as Xstrata Nickel and Falconbridge.
Bakayoko Bouake, P.Geo., Exploration Manager, West Africa
Mr. Bouake joined Falconbridge International Investments Limited in Côte d'Ivoire in 1994 as field geologist for the Touba-Biankouma nickel laterite project. He involved in Falconbridge's nickel sulphide exploration project between 1994‐2008. He was a geological consultant at the newly discovered Serra do Tapas nickel laterite project in Brazil.
Raphaël Beaudoin, P.Eng., Director of Operations
Mr. Beaudoin graduated from the McGill University in 2010 with a degree in materials engineering. Mr. Beaudoin worked as a plant metallurgist at the Minto Mine in the Yukon before joining the Nunavik Nickel Project for Canadian Royalties Inc. in 2012. Mr. Beaudoin participated in the implementation of the Nunavik Nickel concentrator as a plant metallurgist, and later secured the position of chief metallurgist, where he oversaw many strategic projects of the concentrator. Before joining Sama and SRG, Mr. Beaudoin worked as the concentrator superintendent also for Canadian Royalties Inc., overseeing the operations, metallurgy, maintenance and power generation of the concentrator.
Isabelle Gauthier, CA, Chief Financial Officer
Mrs. Gauthier has over 20 years experience in accounting, auditing and former Senior Director of Raymond Chabot Grant Thornton.
Kathleen Jones-Bartels, Corporate Secretary
Ms. Jones-Bartels has over 25 years' experience in the TSX Venture Exchange industry working as a senior securities paralegal, as well as providing regulatory and corporate services to both public and private companies. Ms. Jones-Bartels has also served in the capacity of Corporate Secretary for companies listed on both the TSX Venture Exchange and NYSE MKT.
Marc Filion, PhD, MBA, Eng., ASC, Director
Marcel Aubut, O.C., O.Q., Q.C., Ad.E., Director
Richard Quesnel, B.Sc. Eng., Director
Todd Hilditch, B.Sc., Director
Ron Netolizsky, P.Geo., Geological Advisor
Michael Halvorson, B.Comm., Advisor
Matt Johnston, BBA, Corporate Development Advisor
Please refer to Sama Resources' website www.samaresources.com for complete biographies.
On October 1, 2018, Sama Resources Inc. investment SRG Graphite Inc. has provided an update on the continuing feasibility study for the Lola graphite project in Guinea, West Africa, announced earlier this month. Fieldwork required for the feasibility study is either well under way or completed ahead of schedule or on time. Given the positive advancement of fieldwork, SRG management is confident in the timeline established.
On August 9, 2018, Sama Resources Inc. investment SRG Graphite Inc. has approved a new corporate structure. SRG appointed Raphael Beaudoin as vice-president of operations, metallurgy and process design, Elias Elias as vice-president of legal and corporate affairs and corporate secretary, Mathieu Charette as vice-president of finance and corporate controller, and Michel Labonte as general manager of SRG Guinea.
On July 10, 2018, Sama Resources Inc. investment SRG Graphite Inc. has released results of a preliminary economic assessment study for the development of SRG's Lola graphite project in the Republic of Guinea, West Africa.
On June 18, 2018, Sama Resources Inc. investment SRG Graphite Inc. has released an updated resource estimate for its Lola graphite deposit located in the Republic of Guinea. The 2018 mineral resource estimate represents an increase of 54 per cent of in situ graphitic carbon at a 3-per-cent cut-off grade since the publication of the maiden resource.
The 2018 mineral resource estimate includes a pit-constrained measured and indicated resource of 12.2 million tonnes grading 5.6 per cent Cg and an inferred resource of 2.1 million tonnes grading 6.1 per cent Cg, using a cut-off grade of 3.0 per cent Cg. Effective date of the estimate is June 14, 2018.
On June 14, 2018, Sama Resources Inc. reported that at the annual general meeting of shareholders held on June 13, 2018, the shareholders re-elected Mr. Benoit LaSalle, FCPA, FCA, Mr. Marc-Antoine Audet, Mr. Richard Quesnel and Mr. Marcel Aubut as directors of the Company and voted in favor of all items of business at the AGM.
On June 6, 2018, Sama Resources Inc. investment SRG Graphite Inc. has released the maiden resource estimate for its 100-per-cent-owned Gogota nickel-cobalt deposit located in the Republic of Guinea. The mineral resource estimate includes a pit-constrained inferred resource of 44.9 million tonnes grading 1.28 per cent nickel for a content of 573,040 tonnes and 0.13 per cent cobalt for a content of 59,560 tonnes. The limonitic portion of the deposit also contains 1,166,200 kilograms of scandium.
On November 8, 2017, Sama Resources Inc. announced that it has commenced a 3,000-line-kilometre airborne helicopter time-domain electromagnetic and magnetic (HTEM) survey over the Samapleu and Yepleu areas on the Company's Cote d'Ivoire nickel-copper-cobalt-palladium project in Ivory Coast, West Africa.
On October 23, 2017, Sama Resources Inc. announced that it has entered into a binding term sheet in view of forming a strategic partnership with HPX TechCo Inc., a private mineral exploration company in which mining entrepreneur Robert Friedland is a significant stakeholder, in order to develop its Cote d'Ivoire nickel-copper and cobalt project in Côte d’Ivoire, West Africa.
As part of the term sheet, HPX would make a strategic investment in Sama of up to $12.25-million. HPX would also have the ability to earn into a joint venture with Sama to acquire a total of up to a 60-per-cent interest in Sama's interest in the Cote d'Ivoire project, including the Samapleu project, by financing exploration expenses and completing the feasibility study through total investments of $30-million.
On October 06, 2017, Sama Resources Inc. has announced the engagement of Met-Chem, a division of DRA Americas Inc. ("Met-Chem/DRA"), to undertake a Preliminary Economic Assessment ("PEA") of the Company's wholly-owned Lola Graphite Project ("Lola"), located in Guinea. Sama holds a control position in SRG of 24,658,267 shares representing 43.93% of the issued and outstanding shares of SRG and is considered an insider for reporting purposes. SRG is trading at 52 week highs at $Can 1.00$ per share.
Sama Resources is also pleased to announce the appointment of Mr. Raphaël Beaudoin as metallurgist and Director of Operations for Sama and SRG.
Mr. Raphaël Beaudoin graduated from the McGill University in 2010 with a degree in materials engineering. Mr. Beaudoin worked as a plant metallurgist at the Minto Mine in the Yukon before joining the Nunavik Nickel Project for Canadian Royalties Inc. in 2012. Mr. Beaudoin participated in the implementation of the Nunavik Nickel concentrator as a plant metallurgist, and later secured the position of chief metallurgist, where he oversaw many strategic projects of the concentrator. Before joining Sama and SRG, Mr. Beaudoin worked as the concentrator superintendent also for Canadian Royalties Inc., overseeing the operations, metallurgy, maintenance and power generation of the concentrator.
On August 28, 2017, Sama Resources Inc. announced that recent tests conducted by CVMR Corporation on Samapleu mineralized material returned recovery rates of 92% and 85% nickel and iron, respectively. The quality nickel produced will be suitable for a wide range of end-use applications. The cobalt and copper were upgraded by 228% and 279%, respectively, in the post-production concentrate compared to the grade of the feed source.