Ann: Mining Indaba Presentation Feb 2023, page-2

What recent news would you like to highlight to investors attending?

– The company published an updated resource of just under 3Moz Au in December 2021 with approximately a third of the resource being oxides and two thirds being over 2g/t Au.
– The company completed a dual listing on the ASX in May 2022.
– The Company commenced a +50,000m drill program in May 2022 which is expected to be completed during the 2022/23 field season.

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Consolidate the ASX dual listing and progress the +50,000m exploration drill program.

6 Months:
Complete planned +50,000m drill program.

12 Months:
Complete an updated mineral resource for the Sanutura Project, and publish a PEA.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Key challenges involve timely reissue of exploration permits and completion of exploration programs as planned. Securing good quality drill rigs and lab availability is a further challenge. Mitigating/managing usual operating risks experienced when operating in Africa.

What do you think makes your company such a compelling investment?

– The company has a large and highly strategic land holding in the heart of two prolific west African gold belts
– The Sanutura Project hosts close to a 3Moz gold resource which underpins the value of the company
– Abundant exploration targets remain to drive high margin resource growth
– Compelling valuation on all metrics
– High impact exploration program underway

What are the top 3 key investor takeaways?

– Sarama is the most undervalued gold stock on the ASX/TSX/AIM markets and has significant upside potential with scope to be valued at multiples of the current levels.

– The Sanutura Project mineral resource hosts a significant high-grade and oxide component that will underwrite project development and reduce up front development capital and risk.

– There is significant regional consolidation opportunity with Sarama’s Sanutura Project positioned to play a pivotal role in the consolidation and development of the Southern Hounde’ belt which is dominated by Sarama and Endeavour.