Sama Resources Inc. announced that in collaboration with partner Ivanhoe Electric, the Company has mandated BBA International Inc. to upgrade the 2020 Preliminary Economic Assessment aimed at producing a nickel ("Ni") concentrate and a copper ("Cu" concentrate from the Samapleu and Grata magmatic Ni-Cu sulphide deposits. BBA prepared an updated Mineral Resource Estimate in July 2023. The Updated Preliminary Economic Assessment ("Updated PEA") will provide detailed information on the project, including site layouts, road access, permits, claims, water bodies, and historical infrastructure.

It will also cover other important aspects such as geotechnical, geochemical, environmental, hydrology, hydrogeology, and metallurgy studies. Additionally, the Updated PEA will contain a cost estimation spreadsheet that includes local workforce rates, fuel costs, and power rates. The Company anticipates completion of the Updated PEA by first quarter 2024.