NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATESPERTH, AUSTRALIA / VANCOUVER, BC / ACCESSWIRE / March 30, 2023 / Sarama Resources Ltd. ("Sarama" or the "Company") (ASX:SRR)(TSX-V:SWA) advises that
Highlights Up to US$300m gold pre-purchase and offtake non-binding drawdown funding facility term sheet signed with major shareholder Quantum Metal Recovery Inc, which Besra believes to be one of the largest deals of its kind signed by an ASX listed junior. Post-completion the Facility provides up to a US$300m deposit paid, to be paid over 30 months, against future production ounces, enabling Besra to fully fund production at Bau and the appraisal of other deposits within the Bau goldfield corridor. The Facility is expected to remove the need for dilutive equity financing and project/corporate debt encumbering Besra with hedging requirements and/or onerous covenants and is expected to be delivered at up to US$10m/month. Subject to the receipt by Besra of the proposed US$10m/month, the Facility is to be settled by way of delivery to Quantum of up to 3moz ounces of gold according to an agreed percentage of production at an agreed floating gold reference price, but subject to a Floor Pric
17.01.2023 - Drilling Identifies Oblique Mineralised Trend in North of Tankoro DepositPERTH, AUSTRALIA and VANCOUVER, BC / ACCESSWIRE / January 16, 2023 / Sarama Resources Ltd. ( Sarama or the Company ) (ASX:SRR)(TSXV:SWA) is pleased to announce that .
Drilling Identifies Oblique Mineralised Trend in North of Tankoro DepositPERTH, AUSTRALIA and VANCOUVER, BC / ACCESSWIRE / January 16, 2023 / Sarama Resources Ltd. ("Sarama" or the "Company") (ASX:SRR)(TSXV:SWA)