Sama Resources Announces Filing of NI 43-101
TSX Venture Symbol: SME
SAMA RESOURCES INC./
RESSOURCES SAMA INC.
Suite 132, 1320 Graham
Ville Mont-Royal, Québec
Canada, H3P 3C8
NR 2024-06
Sama Resources Announces Filing of NI 43-101
Technical Report on Samapleu-Grata Nickel-Copper Project,
Côte d’Ivoire
Montreal, Quebec, May 03, 2024 – Sama Resources Inc. (“Sama” or the “ Company”) (TSX-V: SME
OTC PINK SHEETS: SAMMF) today announced that the Company has filed on SEDAR+ an independent
technical report (the “Report”) prepared in accordance with National Instrument 43 -101 – Standards of
Disclosure for Mineral Projects (“NI 43-101) supporting the results of a Preliminary Economic Assessment
(“PEA”) for the Samapleu-Grata Nickel-Copper project located in Côte d’Ivoire , West Africa . The
Samapleu-Grata Nickel -Copper Project belong to Sama Nickel Corporation owned jointly at 60/40
between Ivanhoe Electric Inc. (NYSE American, TSX: IE) and Sama.
Sama notes that there has been an adjustment in the post-tax NPV reported in its March 21, 2024 press
release and the Report. The press release disclosed a post-tax NPV8 of US$257M and a post-tax IRR of
22.3%, whereas the Report discloses a post-tax NPV8 of US$277M and a post-tax IRR of 21.9%. The
US$20M increase in post-tax NPV8 and 0.4% decrease in post-tax IRR is the result of certain tax
adjustments within the financial model . When the tax calculations were corrected , the post-tax NPV
increased and post-tax IRR decreased accordingly.
The effective date of the Report is March 21, 2024.
The full Report entitled “NI 43-101 Preliminary Economic Assessment for the Samapleu and Grata Deposits
Project” can also be found on the Company’s website at https://samaresources.com/the-samapleu-grata-
yepleu-ni-cu-pge-deposits-yacouba-intrusive-complex-western-cote-divoire/ and on SEDAR under the
Company’s issuer profile at www.sedarplus.ca.
Grant of Stock Options
The Company is pleased to announce, subject to regulatory acceptance, that the Company has granted
an aggregate total of 680,000 incentive stock options to certain officers, employees and consultants,
subject to certain vesting provisions. These options will be exercisable at a price of $0.11 per common
share and will expire on May 03, 2034.
About Sama Resources Inc.
Sama is a Canadian -based, growth-oriented resource company focused on exploring the Samapleu
nickel-copper project in Côte d’Ivoire, West Africa. The Company is managed by experienced industry
professionals with a strong track record of discovery. Sama is committed to advancing the Samapleu-
Grata Nickel-Copper Project. Sama’s projects are located approximately 600 km northwest of Abidjan in
Côte d’Ivoire and are flanked to the west by the Ivorian and Guinean borders. Sama’s projects are
located adjacent to the large world -class nickel-cobalt laterite deposits of Sipilou and Foungouesso,
forming a 125 km-long new Base Metal Camp in West Africa. Sama owns 40% interest in the Samapleu
nickel-copper project in Côte d’Ivoire with its joint venture partner Ivanhoe Electric owning 60%.
For more information, please visit www.samaresources.com.
About Ivanhoe Electric Inc.
Ivanhoe Electric is a U.S. company that combines advanced mineral exploration technologies with
electric metals exploration projects predominantly located in the United States. Ivanhoe Electric uses its
accurate and powerful TyphoonTM geophysical surveying system, together with advanced data analytics
provided by its subsidiary, Computational Geosciences Inc., to accelerate and de -risk the mineral
exploration process as we seek to discover new deposits of critical metals that may other wise be
undetectable b y traditional exploration technologies. Ivanhoe Electric believes the United States is
significantly underexplored and has the potential to yield major new discoveries of critical metals. Ivanhoe
Electric’s mineral exploration efforts focus on copper as well as other metals including nickel, vanadium,
cobalt, platinum group elements, gold and silver. Through the advancement of its portfolio of electric
metals exploration projects, headlined by the Santa Cruz Copper Project in Arizona and the Tintic
Copper-Gold Project in Utah, as well as other exploration projects in the United States, it intends to
support United States supply chain independence by finding and delivering the critical metals necessary
for the electrification of the economy. Ivanhoe Electric also operate a 50/50 joint venture with Saudi
Arabian Mining Company Ma’aden to explore for minerals on ~48,500 km 2 of underexplored Arabian
Shield in the Kingdom of Saudi Arabia. Website: www.ivanhoeelectric.com.
Contact Information:
Dr. Marc-Antoine Audet, P. Geo, President and CEO
Tel: (514) 726-4158
Mr. Matt Johnston, Vice President of Corporate Development
Tel: (604) 443-3835
Renmark Financial Communications Inc.
Bettina Filippone
Tel: (416)-644-2020 or (212)-812-7680
www.renmarkfinancial.com
Forward-Looking Statements
Certain of the statements made and information contained herein are "forward -looking statements" or
“forward-looking information” within the meaning of Canadian securities legislation. Forward -looking
statements and forward -looking information such as “wil l”, could”, “expect”, “estimate”, “evidence”,
“potential”, “appears”, “seems”, “suggest”, are subject to a variety of risks and uncertainties which could
cause actual events or results to differ from those reflected in the forward-looking statements or forward-
looking information, including, without limitation, the ability of the company to convert resources in
reserves, its ability to see through the next phase of development on the project, its ability to produce a
pre-feasibility study or a feasibility study regarding the project, its ability to execute on its development
plans in terms of metallurgy or exploration, the availability of financing for activities, risks and uncertainties
relating to the interpretation of drill results and the estimation of mineral resources and reserves, the
geology, grade and continuity of mineral deposits, the possibility that future exploration, development or
mining resul ts will not be consistent with the Company's expectations, metal price fluctuations,
environmental and regulatory requirements, availability of permits, escalating costs of remediation and
mitigation, risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other
unanticipated difficulties with or interruptions in exploration or development, the potential for delays in
exploration or development activities, the inherent uncertainty of cost estimates and the potential for
unexpected costs and expenses, commodity price fluctuations, currency fluctuations, expectations and
beliefs of management and other risks and uncertainties.
In addition, forward -looking statements and forward -looking information are based on various
assumptions. Should one or more of these risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those described in forward-looking
information or forward-looking statements. Accordingly, readers are advised not to place undue reliance
on forward -looking statements or forward -looking information. Except as required under applicable
securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking
statements or forward -looking information, whether as a result of new information, future events or
otherwise.