Bantou Project

The Bantou Zone is located on the Houndé Greenstone Belt, approximately 170 south of Mana in the south-west of Burkina Faso. Bantou hosts a maiden inferred mineral resource estimate of 2.1Mt at 5.35 g/t Au for 361,288 oz.

Bantou is located contiguous to Savary Gold Corp’s (“Savary”) Karankasso project, which has inferred mineral resources of 12.3Mt at 2.03 g/t Au for 805,000 ounces.

Combination Agreement with Savary

In March 2019, SEMAFO and Savary Gold Corp. announced that they had entered into a definitive combination agreement pursuant to which SEMAFO will acquire all of the issued and outstanding common shares of Savary not already owned. SEMAFO owns 15.5% of Savary’s issued and outstanding shares on a non-diluted basis.

Transaction highlights:

  • District-scale land package
  • Entire 1,250 km2 truckable to a central plant
  • Significant consolidated resources base
  • Excellent location on Houndé Greenstone Belt
  • Accelerated resource growth

Figure 1 - Consolidated 1,250 km2 District-Scale Land Package