Sarama Resources

Name

Sarama Resources

Legal name

Sarama Resources Ltd.

Website

https://saramaresources.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Mineral Exploration Services

NAICS

Support Activities for Metal Mining (213114), Geophysical Surveying and Mapping Services (541360)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Copper Exploration & Resource Development (IMAKADAA)

akta.pro secondary industry

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

Keywords

• Mineral exploration
• Copper-gold exploration
• Mining tenements
• Gold exploration projects
• Resource exploration assets

Headquarters

HQ city

Subiaco

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others, Supply Chain

Revenue model

1. Equity Placements: Sarama Resources raises capital through private placements, issuing Chess Depository Interests (CDIs) on the ASX. Proceeds used for exploration activities and working capital. The company completed multiple tranches of equity placements including Tranche 1 and Tranche 3 placements, plus a May 2026 private placement raising A$1.5 million.
2. Asset Divestiture: The company generates capital through selling non-core gold projects. Sarama sold its Cosmo and Mt Venn gold projects in Western Australia to Riedel Resources Ltd for A$4.6 million in equity consideration, receiving approximately 32% equity interest in Riedel.
3. Arbitration Award (Potential): Sarama is pursuing a US$242 million damages claim against the Government of Burkina Faso through ICSID arbitration, with a Merits Hearing scheduled for February 2027. This represents a potential future revenue stream if the arbitration is successful.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Sarama Resources is a junior mineral exploration company focused on the exploration and development of copper-gold mineral assets. Its primary activity is the advancement of early-stage exploration tenements in Australia's Lachlan Fold Belt (New South Wales), supplemented by a US$242 million ICSID arbitration damages claim against the Government of Burkina Faso. The company funds operations through equity placements and the strategic divestiture of non-core gold assets.

Product overview

Sarama Resources is a mineral exploration company focused on gold and copper-gold projects. The company's portfolio consists of exploration assets including the Cosmo and Mt Venn gold projects in Western Australia (which are being divested to Riedel Resources Ltd) and early-stage copper-gold exploration tenements in New South Wales's Lachlan Fold Belt. The company is also pursuing a US$242 million arbitration claim against the Government of Burkina Faso through ICSID.

Differentiator

Problem solved

Functional benefit

Products and services

• Cosmo Gold Project Gold exploration and development project located in Western Australia. The asset is being divested to Riedel Resources Ltd as part of a binding Share Sale Agreement for A$4.6 million in equity consideration.
• Mt Venn Gold Project Gold exploration project located in Western Australia. The asset is being divested to Riedel Resources Ltd as part of a binding Share Sale Agreement for A$4.6 million in equity consideration.
• New South Wales Copper-Gold Exploration Tenements Early-stage copper-gold exploration tenements in New South Wales covering prospective areas within the Lachlan Fold Belt. The company has secured regulatory approval for three such tenements.
• ICSID Arbitration Claim US$242 million damages claim against the Government of Burkina Faso being pursued through ICSID arbitration, with a scheduled Merits Hearing for February 2027.

Quantifiable outcome

• Potential US$242 million award from ICSID arbitration against the Government of Burkina Faso
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Riedel Resources LtdnotableStrategic or Co-development Partner · 21 April 2026Sarama Resources entered into a binding Share Sale Agreement with Riedel Resources Ltd to sell its Cosmo and Mt Venn gold projects in Western Australia for A$4.6 million in equity consideration and project cost payments. Upon completion (targeted June 2026, subject to shareholder approval), Sarama will receive approximately 32% equity interest in Riedel, rising to 44% if all performance rights vest. The transaction represents a strategic divestiture allowing Sarama to focus on copper-gold exploration in New South Wales while maintaining exposure to the Australian gold sector through its equity stake in Riedel.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Alkane Resources: ASX-listed gold-copper explorer and producer operating the Tomingley Gold Mine in the southern Lachlan Fold Belt of NSW, with active exploration across the same copper-gold province where Sarama holds its tenements.
• Emmerson Resources: ASX-listed junior gold and copper explorer focused on the Lachlan Fold Belt (NSW) through its Fifield and Temora projects, sharing the same copper-gold targeting thesis as Sarama.
• Godolphin Resources: ASX-listed copper-gold explorer with multiple NSW Lachlan Fold Belt assets, including the Yeoval and Narraburra projects, comparable in scale and stage to Sarama's copper-gold portfolio.
• Helix Resources: ASX-listed copper-gold exploration company with assets in both the Cobar region and Lachlan Fold Belt of NSW, providing a close comparable for early-stage copper-gold explorers in the same jurisdiction.
• Carawine Resources: ASX-listed early-stage explorer with copper-gold and gold assets across Australia, comparable to Sarama in market cap, organizational scale, and early-stage exploration focus.

Regional players

• Aurelia Metals: Australian mid-tier base and precious metals producer with significant NSW Cobar Basin operations, providing a regional NSW-focused peer for Sarama's copper-gold exploration strategy.
• Ramelius Resources: Australian gold producer with WA and other operations; the acquirer of Sarama's Cosmo and Mt Venn projects and therefore a direct counterparty comparable for Sarama's WA asset divestiture thesis.

Broad incumbents

• Evolution Mining: ASX-listed mid-tier gold miner with multi-asset Australian gold production including in NSW, comparable to Sarama in regional focus but operating at a much larger scale across multiple producing mines.
• Newmont Corporation: World's largest gold miner with major Australian NSW exposure (Cadia, formerly Newcrest assets), illustrating the strategic acquirer landscape for Sarama's Lachlan Fold Belt copper-gold tenements if exploration succeeds.
• Northern Star Resources: Australian gold major with diversified production and a track record of acquiring earlier-stage gold and copper-gold assets, representing a credible takeout counterparty for Sarama or its Riedel stake.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/SaramaResources

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds4 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sarama Resources