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Sama Resources Inc.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  1320 Graham, Suite 132
Ville Mont-Royal, QC
Canada H3P 3C8
Tel No.: 514-747-4653
Fax No.: 514-747-4276
Toll Free No.: 1-877-792-6688
Web Site: www.samaresources.com
E-mail: kbartels@samaresources.com
Contact Person: Kathleen Jones-Bartels
Position: Corporate Secretary


Company Data

Traded Market: TSX-V
Traded Symbol: SME
Outstanding Shares: 137 million
52 Week High: $ 0.27
52 Week Low: $ 0.07
Present Price: Click Here


Introduction

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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.


Projects in Hand

Samapleu Project, Côte d'Ivoire (Ivory Coast), West Africa
(Nickel-Copper-Palladium)

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

  • Yepleu represents the first nickel-copper sulphide surface mineralization occurrence in West Africa
  • Yepleu has strong near surface discovery potential
  • InfiniTEM survey identified several high chargeability conductors
  • Downhole EM survey was performed at Yepleu. Very good EM target has be defined
  • Aarhus inversion confirmed the presence of a conductor at depth supporting the previous MMG's CDI interpretation

The 2015 National Instrument 43-101 Mineral Resource Includes:

  • Indicated: 14,159,000 tonnes grading 0.24% nickel (74,500,000 lbs), 0.20% copper (61,200,000 lbs), and 0.29 gpt palladium (128,316 ounces)
  • Inferred: 26,480,000 tonnes grading 0.24% nickel (134,000,000 lbs), 0.18% copper (107,200,000 lbs), and 0.31 gpt palladium (256,525 ounces)

Indicated and Inferred mineral resources have increased by 13% and 231% respectively when compared to the 2012 Resource Estimate.

2017 Samapleu Milestones & Catalysts

  • June 2017: Sama signs strategic partnership agreement with CVMR Corporation. Under the terms of the Technology License Agreement, CVMR grants Sama the use of its technology to refine the mineralized material from the Samapleu property, to produce nickel and iron powders.
  • June 2017: Sama files request for the mining license with Ivorian Government
  • June 2017: Commenced Scoping Study for a proposed open pit operation
  • July 2017: 3,800 metre infill drill program with the goal of moving from inferred to indicated
  • Finalized the ongoing Environmental Impact Study
  • To perform in depth EM Study (12 month program starting at Samapleu)
  • Q4 2017: NI 43-101 compliant technical report
  • Q4 2017: Deep drilling program (~1,500 metres) to test targets


Management

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.


News Update

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.


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