The report also details the cobalt, palladium and platinum resources at the project. The vast majority of the resource falls into the inferred category, which now totals 101.9 million MT at 0.25 percent nickel and 0.23 percent copper for 25,337 MT of nickel and 23,895 MT of copper. With regards to its project, at the end of June, Sama released an updated mineral resource estimate for the combined Samapleu and Grata deposits. The company is still waiting on approval from the TSXV. Its most recent news on the subject came on July 21, when Sama received a final order approving the plan from the Quebec Superior Court of Justice. While it fell back down, Sama’s share price began to climb again in late April, ultimately reaching its year-to-date high of C$0.19 on May 26, the day after the company announced the spinout of SRQ. The company’s share price started climbing in February, moving from C$0.11 on February 6 to C$0.17 on February 24 following the release of drill results from Grata on February 7 according to Sama, they “confirm mineralisation on strike and down dip within the Grata prospect within the newly discovered ultramafic feeder.” One highlight interval from the drilling was 3.45 meters grading 0.63 percent nickel, 2.96 percent copper and 0.78 grams per MT (g/t) palladium within 193 meters grading 0.26 percent nickel, 0.21 percent copper and 0.37 g/t palladium. Sama is currently in the process of spinning out SRQ, and Sama’s shareholders will receive shares of SRQ once it begins trading. The company’s wholly owned subsidiary SRQ Resources has a portfolio of six properties composed of 525 exploration claims in Quebec, Canada, with its primary project being the Lac Brulé nickel-copper-PGMs project. The asset, which is made up of two adjoining deposits, is host to nickel, copper, cobalt and platinum-group metals (PGMs) mineralization. Sama Resources’ focus is on its Samapleu and Grata project in Côte d’Ivoire, West Africa. Year-to-date gain: 38.46 percent market cap: C$40.66 million current share price: C$0.18
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