Commencement Of Exploration Program At The Samapleu-Grata Ni-Cu Project

MONTREAL – Sama Resources Inc.  with its joint venture partner Ivanhoe Electric Inc. announced the commencement of the 2025 exploration program at the polymetallic Samapleu-Grata Nickel-Copper Project (the “Project”), which includes the polymetallic Samapleu and Grata Deposits in Côte d'Ivoire, West Africa.

The 2025 exploration program includes 4,500 meters of diamond drilling and updated environmental and social baseline studies to support Project advancement toward a mining permit application. The Project is a 60/40 joint venture between Ivanhoe Electric and Sama, with Ivanhoe Electric acting as the operator.

Marc-Antoine Audet, President and Chief Executive Officer,said, “The Samapleu-Grata Project includes the large polymetallic Samapleu and Grata Deposits, which formed the basis of our 2024 PEA, demonstrating the potential for an economic, polymetallic mining operation. Our upcoming program will continue to advance the Project on multiple fronts—technically, environmentally, and socially—to de-risk and position the Samapleu and Grata Deposits for development. We are also eager to follow up on the high-grade and copper-rich polymetallic mineralization we identified at the southwest Samapleu Extension and explore regional geophysical anomalies for potential incorporation into future technical studies. We believe that the Project, including the Samapleu and Grata Deposits, has the potential to grow into a world-class polymetallic mining district.”

The 2025 exploration program aims to further advance the Project following the March 2024 Preliminary Economic Assessment (PEA) by upgrading Mineral Resource confidence, expanding the current Mineral Resource, and completing the environmental studies needed to support future mine permitting within the 2024 PEA Area.