Sama Resources has announced that in collaboration with its partner Ivanhoe Electric, it will upgrade the 2020 PEA to a PFS aimed at launching production at the Samapleu deposit for producing a nickel and copper concentrates.
The 2020 PEA was prepared by DRA Global. The PEA showed a Pre-Tax NPV of US$615 million, and IRR of 32.5%. The mineral processing plant proposed in the PEA is designed to process 2.4 Mtpy of run-of-mine mineralized material to produce 39,000 tpy of nickel concentrate at 10.34% Ni grade and 15,000 tpy of copper concentrate at 23.00% Cu grade.
DRA will update the PEA over the next few months and an EIA will be launched in Q3,2021 following guidelines defined by the Agence Nationale de l’Environnement in Ivory Coast.
“Sama is responding positively to the call from industry leaders for producing more nickel. Revisiting last year’s PEA will allow Sama to fast-track the development of the surface resources at the Samapleu deposits” says Dr Marc-Antoine Audet, President and CEO of Sama Resources.
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“Recent drilling success in the neighbourhood of the current mineralization at Samapleu further enhances the prospectivity of the entire area.”
Sama is currently drilling new targets generated from a reinterpretation of the 2013 helicopter electromagnetic survey. Hole SM34-105691 intersected a new mineralized zone at the south-west end of the complex while SM25-440370 extended near-surface mineralization at the north-east end of the complex. A new mineralized sector has been outlined 4 kilometres east of Samapleu, within the Grata (PR604) property, with ongoing drill hole SM20-070410. Additional follow-up drill holes will be planned at all these new zones.
The 600 m deep very strong DHTEM anomaly (15,000 CT) at Samapleu will be tested with Sama’s Coretech 3000 rig following the completion of the current drill program at Yepleu.