Sarama Resources Ltd. Expands Gold Exploration Portfolio with Mt Venn Acquisition, Unlocking 1,000km² in Laverton's Prolific Gold District
Wednesday, July 23, 2025
at
8:54 am
Sarama Resources Ltd has expanded its reach in Western Australia by acquiring a majority interest in the 420km² Mt Venn Gold Project. Combined with its existing Cosmo asset, the company now controls 1,000km² of land in a prolific gold region, presenting significant exploration potential.
Sarama Resources Ltd. has bolstered its exploration portfolio by completing its acquisition of a majority interest in the 420km² Mt Venn Gold Project in the Eastern Goldfields of Western Australia. With this deal, the company now controls two strategically located, belt‐scale projects in the Laverton Gold District, expanding its landholding to 1,000km². This move follows a previous majority interest purchase in the nearby Cosmo Gold Project and sets the stage for intensified exploration activity in a region known for significant gold discoveries, including the high-quality Gruyere Deposit and Gold Road’s Golden Highway Deposit.
The Mt Venn Project, which sits just 40km from the Cosmo Project, features promising geological traits. It covers a well‐positioned greenstone belt with a regional shear zone extending approximately 50km in strike length and 1–3km in width. Historical sampling and drilling, including promising intercepts at the Three Bears Prospect by previous operators, underscore the potential for both gold and associated base metals such as copper, nickel, and zinc. The acquisition was executed through an arm’s length transaction, where Sarama’s 100%-owned subsidiary took control by acquiring an 80% joint venture interest, with the remaining 20% retained by Cazaly. In return, Orbminco received cash, annual cash payments for exploration licence rental fees, and 12 million Chess Depository Instruments—each representing a common share interest in the company.
Backed by a recent equity raise of A$2.7 million, initial exploration plans will leverage both new and historical data, targeting drill-ready gold anomalies and polymetallic mineralization across the extensive land package. The project’s accessibility via the Great Central Road, coupled with established mining infrastructure in the region, provides a robust backdrop for further exploration and potential scalability. Sarama Resources Ltd. expects that systematic exploration of these contiguous tenements will unlock significant value, thanks to the favourable litho-structural setting and the continuity of gold trends that span up to 45km at the Cosmo Project.
Market sentiment can be viewed from a bullish and bearish perspective. On the bullish side, the consolidation of two underexplored yet highly promising gold projects in a prolific district positions Sarama Resources Ltd. for potential significant discoveries. The strategic location near producing mines, solid historical data, and an infusion of exploration capital contribute to an optimistic outlook. Conversely, from a bearish viewpoint, the exploration remains in its early stages with inherent risks, including reliance on future funding, the speculative nature of mineral exploration, and challenges associated with converting promising targets into economically viable resources. Investors should weigh these factors carefully given the uncertainty that still surrounds early-stage exploration projects.