Sarama Completes Tranche 2 Options Placement

Sarama Completes Tranche 2 Options Placement

Sarama Resources (SRR:AU) has announced Sarama Completes Tranche 2 Options Placement

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Sarama Resources (ASX:SRR)

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Promising new gold projects in Western Australia, plus a large fully funded arbitration claim.

Sarama Resources Completes Mt Venn Gold Project Acquisition

Sarama Resources Completes Mt Venn Gold Project Acquisition

Landholdings Increased to 1,000km² Over Two Belt-Scale Projects in Laverton Gold District

Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSX- V:SWA) is pleased to advise that it has completed the previously announced acquisition (the “Transaction”) of a majority interest(1) in the under-explored, belt-scale 420km² Mt Venn Project (the “Project”)(2), located in the Eastern Goldfields of Western Australia.

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Statistics Canada released July’s labor force survey on Friday (August 8). The data shows that the Canadian economy shed 41,000 workers during the month and registered a 0.2 percent decline in the employment rate to 60.7 percent.

However, the unemployment rate was unchanged at 6.9 percent.

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August opened with the announcement that Australia is not one of the countries to be hit with higher reciprocal tariffs from the US. Tariffs on the country will remain at the 10 percent level.

In its latest Trade and Assistance Review, Australia’s Productivity Commission said the country could benefit from redirected global capital flows in the wake of US tariffs — but only if it maintains its commitment to open markets.

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Editor's Picks: Gold Price Gains on Tariff Turmoil, Rate Cut Expectations

The gold price edged higher this week, benefiting from increased investor uncertainty as US tariffs went into effect for dozens of countries on Thursday (August 7).

Rates start at 10 percent and rise as high as 50 percent for countries like Brazil. The US is still in talks with Canada, China and Mexico, its top three trading partners.

Commenting on the news, President Donald Trump took to his social media platform Truth Social, saying that "billions of dollars" will now start flowing into the US.

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Sarama Resources

Sarama Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

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