The Samapleu project in Côte d’Ivoire is currently in its exploration phase. Future production will be managed by a JV controlled 66⅔% by Sama Nickel Corporation, a wholly-owned subsidiary of the Company, and 33⅓% by SODEMI. The Company also own rights on three additional Exploration Permits in Côte d’Ivoire; PR 300 called Zeregouine, PR 301 called Worofla and PR 604 called Grata.
Since March 2010, Sama has performed surface IP and Mag surveys as well as Airborne Mag-Radiometric and HTEM surveys and 275 boreholes for a total of 36,435m of drilling. The Company has completed Mineral Resources assessments at the Samapleu deposits aiming for a modest scale Ni-Cu open cast mining and processing, while continuing to explore the newly discovered prospective ground. The Company is convinced that the highly prospective geological environment, extending into Guinea, has the potential to become a new world-class base metal district.