Sama Resources Inc.

Highlights Average annual production of 3,900 tonnes of carbonyl nickel powder, 8,400 t of carbonyl iron powder and 14,100 t of copper concentrate over a 20-year mine life Capital costs of $282 million including contingency of $37 M Operational costs of $23.96/t milled Pre-tax Net Present Value at 8% discount rate of $615M and internal rate of return of 32.5% After-tax NPV at 8% discount rate of $391M and after-tax IRR of [...]

Sama Resources Inc. is pleased to announce enhanced exploration activities at its Nickel, Copper, Palladium projects in Ivory Coast, West Africa. The Company is currently exploring at three specific sites simultaneously over a strike length of 25 kilometers; Samapleu, Bounta and Yepleu. Figure 1: Sama 2020’s Typhoon and drilling program, showing numerous high intensity electromagnetic targets in the vicinity of the [...]

Sama Resources Inc. is pleased to announce the first drill hole of the 2020 campaign aiming at a shallow target defined from HPX TechCo Inc’s proprietary Typhoon™ electromagnetic geophysical survey performed at the Samapleu deposit returned 53 m grading 0.43% nickel , 0.30% copper and 0.52 grams per tonne palladium , including 4.6 m grading 1.98% Ni and 0.92% Cu and 2.54 gpt Pd. SM2020-1 was drilled 200 m [...]

Sama Resources Inc. wishes to correct an error in its press release entitled “HPX Exercises CAD$5,000,000 in Warrants Continuing its Strategic Investment in Sama” issued December 19, 2019 . After the exercise by HPX Ivory Coast Holdings Inc. of its 17,857,143 share purchase warrants of Sama on December 19, 2019, HPX now holds 23.11% of the equity of Sama rather than the 27% equity position referred to in the [...]

Sama Resources is pleased to announce that, pursuant to its Stock Option Plan and subject to regulatory acceptance, it has granted an aggregate total of 2,080,000 incentive stock options to certain officers, employees and consultants of the Company, subject to certain vesting provisions. These options will be exercisable at a price of $0.19 per common share and will expire on December 18, 2029. About Sama Resources Inc [...]

Sama Resources Inc. and HPX Ivory Coast Holdings Inc. , a subsidiary of High Power Exploration Inc. , a private mineral exploration company in which mining entrepreneur Robert Friedland is the Chairman and CEO, announce that HPX has exercised the remaining Sama share purchase warrants to continue to advance the Yepleu Nickel-Copper-Cobalt-Palladium Project in Côte d’Ivoire, West Africa. Sama is exploring the [...]

Sama Resources Inc. is pleased to announce that the former Samapleu exploration permit which expired in June 2018 has been replaced by two new PRs called Samapleu East and Samapleu West . Both PRs cover approximately 318 square kilometers Sama has also obtained a new PR called “Zoupleu” contiguous to the aforementioned Samapleu PR’s to expand its exploration activities for base metals with an additional [...]

Sama Resources Inc. wishes to announce that it has entered into a Share Purchase Agreement to sell 8,300,000 shares of its currently held 24,658,267 common shares of SRG Mining Inc. to a US based Industrial Firm for an aggregate purchase price of US$5,000,000 . The Sale shall occur in five tranches and is expected to fully close by December 15, 2019. The Closing of each tranche is conditional on the full and complete [...]

Sama Resources Inc. and HPX Ivory Coast Holdings Inc. , a subsidiary of High Power Exploration Inc. , a private mineral exploration company in which mining entrepreneur Robert Friedland is the Chairman and CEO, announce that HPX will begin the exercise of Sama share purchase warrants to continue to advance the Yepleu Nickel-Copper-Cobalt-Palladium Project in Côte d’Ivoire, West Africa. Sama is exploring the [...]

Sama Resources Inc. and HPX TechCo Inc. , a subsidiary of High Power Exploration Inc., a private mineral exploration company in which mining entrepreneur Robert Friedland is a significant stake holder, are pleased to announce mineralized intervals from the second and third deep holes at the Yepleu Nickel-Copper-Cobalt-Palladium Project in Côte d’Ivoire. YE29-553044 returned 13.4 meter of disseminated and [...]