Savannah Resources PLC Farview Solutions appointed as Strategic Adviser (9774B)
October 14 2020 - 1:00AM
UK Regulatory
TIDMSAV
RNS Number : 9774B
Savannah Resources PLC
14 October 2020
14 October 2020
Savannah Resources Plc
('Savannah' or the 'Company')
Appointment of Farview Solutions as Strategic Adviser
Savannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV), the
resource development company, is pleased to announce the
appointment of Farview Solutions as Strategic Adviser to Savannah
to help guide the development path for the Mutamba Mineral Sands
Project in Mozambique ('Mutamba' or the 'Project') and recommend
associated strategic opportunities for the Company. Farview
Solutions provide strategic advice and advisory services to the
mineral sands, titanium pigment and industrial minerals industries.
Bruce Griffin, the owner of Farview Solutions, will be primarily
responsible for advising Savannah in relation to Mutamba.
David Archer, Savannah's CEO commented: "Bruce is one of the
industry's most experienced executives and has a deep understanding
of Mutamba from his time at TZ Minerals International Pty. Ltd.
('TZMI'), where he was the CEO, whilst it undertook the Scoping
Study of the Project. Mutamba is one of the largest undeveloped
mineral sands deposits in the world and Bruce will help Savannah
define the best value adding development, commercial and corporate
paths , both to help unlock the value of the Project and to
sequence it into playing a major role in the production of titanium
feedstocks for international industry."
About Bruce Griffin
Bruce is the owner of Farview Solutions, Commercial Director for
Sheffield Resources Limited and a non-executive director of
Titanium Corporation. He was formerly the Senior Vice President of
Strategic Development of Lomon Billions Group, the world's third
largest producer of high-quality titanium dioxide pigments. He has
also held executive management positions in several resource
companies, including Chief Executive Officer of TZMI, the leading
independent consultant on the global mineral sands industry, a
director of World Titanium Resources, a development stage titanium
project in Africa, and Vice President of Titanium for BHP
Billiton.
About Mutamba
Mutamba is located in Mozambique and contains one of the world's
largest undeveloped mineral sands deposits comprising an Indicated
and Inferred Mineral Resource of 4.4Bt, grading 3.9% total heavy
minerals. The Project's granted 25-year Mining Leases cover an area
of 537km(2).
Savannah is the operator of Mutamba, which is held in joint
venture with Rio Tinto. Savannah holds a 20% interest in the
Project and will increase this to 35% upon delivery of the
Pre-Feasibility Study, which is currently underway, and ultimately
to 51% upon delivery of a Feasibility Study.
Regulatory Information
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
**ENDS**
For further information please visit www.savannahresources.com
or contact:
Savannah Resources PLC Tel: +44 20 7117 2489
David Archer, CEO
SP Angel Corporate Finance LLP (Nominated Tel: +44 20 3470 0470
Advisor)
David Hignell / Charlie Bouverat
finnCap Ltd (Joint Broker) Tel: +44 20 7220 0500
Christopher Raggett
WH Ireland Limited (Joint Broker) Tel: +44 20 7220 1698
James Joyce/ Matt Chan (Corporate Finance)
Adam Pollock/ Jasper Berry (Corporate
Broking)
St Brides Partners Ltd (Financial PR) Tel: +44 20 7236 1177
Charlotte Page / Cosima Akerman
About Savannah
Savannah is a diversified resources group (AIM: SAV) with a
portfolio of energy metals projects - lithium in Portugal together
with the world-class Mutamba Heavy Mineral Sands Project in
Mozambique, which is being developed in a consortium with the
global major Rio Tinto. The Board is committed to serving the
interests of its shareholders and to delivering outcomes that will
improve the lives of the communities we work with and our
staff.
The Company is listed and regulated on AIM and the Company's
ordinary shares are also available on the Quotation Board of the
Frankfurt Stock Exchange (FWB) under the symbol FWB: SAV, and the
Börse Stuttgart (SWB) under the ticker "SAV".
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END
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