Savannah Resources PLC New Corporate Presentation
May 12 2016 - 10:30AM
RNS Non-Regulatory
TIDMSAV
Savannah Resources PLC
12 May 2016
Savannah Resources Plc / Index: AIM / Epic: SAV / Sector:
Mining
12 May 2016
Savannah Resources Plc
New Corporate Presentation
Savannah Resources plc (AIM: SAV) ('Savannah' or 'the Company'),
the AIM quoted resource development company with copper and gold
interests in Oman and a heavy mineral sands project in Mozambique,
is pleased to announce that a new corporate presentation is now
available to view on the Company's website
www.savannahresources.com. This presentation will be used by Chief
Executive Officer David Archer to provide investors with an update
on the Company's copper/gold projects in Oman and the
Mutamba/Jangamo Heavy Mineral Sands Project in Mozambique at the
investor event being held later this evening at 6pm at The
Chesterfield Mayfair Hotel, 35 Charles Street, London, W1J 5EB.
**ENDS**
For further information please visit www.savannahresources.com
follow us on Twitter @SavannahRes or contact:
David Archer Savannah Resources Tel: +44 20
plc 7117 2489
David Hignell / Gerry Northland Capital Tel: +44 20
Beaney (Nominated Partners Ltd 3861 6625
Adviser)
Jon Belliss / Elliot Beaufort Securities Tel: +44 20
Hance Ltd 7382 8300
(Corporate Broker)
Charlotte Heap / St Brides Partners Tel: +44 20
Lottie Brocklehurst Ltd 7236 1177
Notes
Savannah Resources Plc (AIM: SAV) is a growth oriented,
multi-commodity, development company.
Savannah has agreed to acquire 100% of Matilda Minerals Limitada
which currently operates the Jangamo exploration project, and has
agreed with Rio Tinto to form a joint venture in Mozambique to
develop the combined Mutamba/Jangamo Project. Formation of the
joint venture remains subject to approval by the Ministry of
Mineral Resources and Energy of the Republic of Mozambique. Jangamo
has a 65Mt Inferred Mineral Resource @4.2% total heavy minerals
("THM") at a 2.5% cut-off grade. The Mutamba, Dongane and Chilubane
deposits have a combined exploration target of 7-12Bn tonnes at
3-4.5% THM (published in 2008).
Savannah has interests in three copper blocks in the highly
prospective Semail Ophiolite Belt in Oman. The projects, which have
an Indicated and Inferred Mineral Resource of 1.7Mt @ 2.2% copper
and high grade intercepts of up to 56.35m at 6.21% Cu, with
additional gold upside potential, provide Savannah with an
excellent opportunity to potentially evolve into a mid-tier copper
and gold producer in a relatively short time frame. Together with
its Omani partners, Savannah aims to outline further mineral
resources to provide the critical mass for a central operating
plant to develop the deposits, and in December 2015 outlined
exploration targets of between 10,700,000 and 29,250,000 tonnes
grading between 1.4% and 2.4% copper.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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