Sarama Resources Geochemistry Program Underway at Cosmo Gold Project

Sarama Resources Ltd. (“Sarama” or the “Company”) (ASX:SRR, TSX- V:SWA) is pleased to advise that it has commenced a multi-stage regional soil-geochemistry program at its majority- owned⁽¹⁾ 580km² Cosmo Gold Project (the “Project”)⁽²⁾ in the Eastern Goldfields of Western Australia. The program is the most significant exploration work to be undertaken on the Project in decades and is a foundational stage for drill target generation.

The program follows the Company’s acquisition of a majority and controlling interest in the Project in December 2024 and its agreement to acquire a majority and controlling interest in the nearby Mt Venn Project in January 2025(3). In aggregate, the belt-scale projects will cover approximately 1,000km²^(2,3) and +100km of strike-length of greenstone rocks and are well-positioned and underexplored, presenting an exciting opportunity for Sarama in the Laverton Gold District which is known for its prolific gold endowment (refer Figure 1).

• Large-scale soil geochemistry program underway at the Cosmo Project to progress drill targeting
• Program is the most significant exploration works undertaken on the Project in several decades
• Initial focus on areas with large-scale structural features and lithological contacts identified in recent interpretation of airborne geophysical datasets
• Surface grab sampling returned grades up to 52g/t Au⁽⁵⁾ in historical exploration within the Project
• Fieldwork already underway with experienced field crews mobilised; first samples for analysis in 2 weeks
• Opportunity for recommencement of modern exploration due to changes in land access
• Follows the recent execution of a non-binding Heads of Agreement to acquire majority interest in belt-scale Mt Venn Project⁽³⁾
• Sarama’s recent acquisitions will create in aggregate a 1,000km² exploration position^(2,3) capturing 100km of strike length in underexplored terrane
• Projects located in the prolific Laverton Gold District, proximal to the producing Gruyere Gold Mine⁽⁴⁾ 

Sarama’s President, Executive Chairman, Andrew Dinning commented:

“We are very pleased to get exploration underway and bring the belt-scale Cosmo Project to account. Cosmo is genuinely underexplored, has all the geological ingredients to generate a discovery and with core team members that led the discovery of the multi-million ounce Moto and Sanutura⁽⁶⁾ Projects in Africa and we look forward to seeing what this project can deliver. Leveraging its position at the Cosmo Project, upon completion of the transaction to acquire a majority interest in the nearby Mt Venn Project, Sarama will have 1,000km² of highly prospective ground in the prolific Laverton Gold District.”

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