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Sarama Resources Ltd (ASX:SRR)

ALERT: Price-sensitive ASX Announcement for SRR
Current share price for SRR : $0.032 -0.016 (-33.33%)+
Announcement
Release
14 Nov 2025 2:24PM
Price at Release
$0.048
Full Release
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Summary
Sarama Resources Ltd reported on its activities for Q3 2025, highlighting significant progress in exploration projects and ongoing arbitration proceedings. The company raised A$2.7M to fund exploration in Western Australia, focusing on the Cosmo Gold Project, where 45km of strike with eight priority target areas have been identified. They completed the acquisition of majority interest in the Mt Venn Project and are now reviewing historical data for further exploration. In Burkina Faso, Sarama has filed a claim for US$242M against the Government of Burkina Faso for the expropriation of the Tankoro 2 Exploration Permit, with arbitration hearings progressing. Financially, the company reported a net loss of $697,565 for the quarter, primarily due to increased exploration expenditures and fair value loss on warrants. The company plans to continue advancing its exploration activities and arbitration case.
Key Points
  • A$2.7M capital raised for exploration in Western Australia.
  • Cosmo Gold Project identified 45km of strike with eight priority targets.
  • Acquisition of majority interest in Mt Venn Project completed.
  • Filed a US$242M claim against Burkina Faso due to permit expropriation.
  • Net loss of $697,565 for Q3 2025, with increased exploration spend.
  • Arbitration proceedings with the Government of Burkina Faso are advancing.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.