05:35:54 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Sama Resources Inc
Symbol SME
Shares Issued 188,426,410
Close 2018-08-02 C$ 0.30
Market Cap C$ 56,527,923
Recent Sedar Documents

Sama investment SRG files NI 43-101 PEA for Lola

2018-08-03 11:44 ET - News Release

Dr. Marc-Antoine Audet reports

SAMA RESOURCES REPORTS SRG GRAPHITE FILES NI 43-101 PRELIMINARY ECONOMIC ASSESSMENT REPORT AND RESOURCE ADDITION FOR LOLA GRAPHITE DEPOSIT

Sama Resources Inc. investment SRG Graphite Inc. filed, on Aug. 2, 2018, its National Instrument 43-101 preliminary economic assessment study for the development of its Lola graphite project in the Republic of Guinea, West Africa, on SEDAR, as reported in the SRG's news release dated July 10, 2018.

Highlights of the Lola graphite PEA:

  • Production of 50,200 tons of graphite concentrate per year over a 16-year mine life;
  • Capital costs of $105-million including contingency of $15-million;
  • Operational costs of $372/tonne of concentrate and $130/t of transport;
  • Pretax net present value (8 per cent) of $204-million (posttax NPV (8 per cent) of $121-million) at an average sales price of $1,328/t;
  • Finished grade of over 94 per cent and up to 98 per cent over all size fractions;
  • Strip ratio of 0.39.

The NI 43-101 PEA was prepared by Montreal-based Met-Chem, a division of DRA Americas Inc. All dollar figures are in United States dollars.

The NI 43-101 technical report may be referenced on SRG's website and on SEDAR.

About Sama Resources Inc.

Sama is a Canadian-based mineral exploration and development company with projects in West Africa. Sama holds a control position in SRG of 24,658,267 shares, representing 35.54 per cent of the issued and outstanding shares of SRG, and is considered an insider for reporting purposes.

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