Sarama Resources Progresses with Cosmo Gold Project Acquisition

Sarama Resources Ltd. reports significant developments in the acquisition of the Cosmo Gold Project located in Western Australia. The project spans 580 square kilometers and is part of the prospective Cosmo-Newbery Greenstone Belt. Sarama has initiated systematic field exploration, including soil geochemistry programs, and engaged with local Traditional Owner groups, who are supportive of the company's involvement.

The acquisition process is advancing, with Cosmo Gold Limited's AGM set for November 4, 2024, to seek shareholder approval. Most conditions for the transaction have been fulfilled, and approvals from relevant securities exchanges have been secured. The transaction completion is anticipated by mid-November 2024.

The exploration work marks the first significant investigation in decades, presenting new opportunities in one of Western Australia's unexplored greenstone belts. Sarama is optimistic about the potential for future discoveries in an area with a noted gold endowment.