Sarama Resources Advances Acquisition of Gold Project in Western Australia

Binding Agreement Executed for the Large, Effectively Unexplored Cosmo Newbery Gold Project

PERTH, AUSTRALIA AND VANCOUVER, BC / ACCESSWIRE / August 13, 2024 / Sarama Resources Ltd. ("Sarama" or the "Company") (ASX:SRR)(TSX-V:SWA) is pleased to announce that it has entered into a binding agreement to acquire a majority interest⁽¹⁾ in the Cosmo Newbery Gold Project (the "Project") in Western Australia (refer Figure 1).

The 580km² project⁽²⁾ covers the entirety of the Cosmo-Newbery Greenstone Belt and is located approximately 85km north-east of Laverton in a region known for its prolific gold endowment. As one of the last effectively unexplored greenstone belts in Western Australia, the Project presents a unique and compelling opportunity for the Company.

Highlights

• Binding agreement to acquire majority interest and control of Cosmo Newbery Gold Project in Western Australia

• 580km² landholding capturing +50km strike length in highly prospective gold producing region

• One of the last effectively unexplored greenstone belts in Western Australia

• Virtually no effective exploration undertaken for several decades

• Excellent access to infrastructure and nearby producing gold mines

• Sarama to initially acquire an 80% interest in the majority of the Project⁽¹⁾

• Ability for Sarama to increase ownership to 100% in the majority of the Project⁽¹⁾ via an option to acquire the vendor's remaining interest within a 2-year period post completion

Sarama's President, CEO & MD, Andrew Dinning commented:

"We are pleased to have reached this milestone in the acquisition of a majority interest in the Cosmo Newbery Gold Project and look forward to completing the transaction in due course. The Company considers the Project to be highly prospective for a number of commodities and its scale, location, favourable geological setting and truly underexplored status presents a unique exploration opportunity."

Cosmo Newbery Project

The Project is comprised of 7 contiguous exploration tenements covering 580km² in the Eastern Goldfields of Western Australia, approximately 85km north-east of Laverton and 95km west of the world-class Gruyere Gold Mine. The Project is readily accessible via the Great Central Road which services the Cosmo Newbery Community.

So handeln Sie das Kursziel

Der Analyst erwartet ein Kursziel von 2694,51$, was eine Steigerung von +5,00% zum aktuellen Kurs entspricht. Mit diesen Produkten können Sie die Kurserwartungen des Analysten übertreffen.

 

HSBC Trinkaus & Burkhardt GmbH

 

Alle Partner

Übernehmen

Für Ihre Einstellungen haben wir keine weiteren passenden Produkte gefunden.
Bitte verändern Sie Kursziel, Zeitraum oder Emittent.Alternativ können Sie auch unsere Derivate-Suchen verwenden
Knock-Out-Suche | Optionsschein-Suche | Zertifikate-Suche

WerbungDisclaimer