Savannah Resources PLC Mutamba Consortium Commissions Pilot Plant (7346Y)

TIDMSAV

RNS Number : 7346Y

Savannah Resources PLC

07 December 2017

Savannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining

7 December 2017

Savannah Resources Plc

Mutamba Consortium Commissions Pilot Plant

Savannah Resources plc (AIM: SAV) ('Savannah' or 'the Company'), the AIM quoted resource development company, is pleased to announce that the Mutamba Consortium has completed the commissioning of a pilot processing plant at the Mutamba Mineral Sands Project ('Mutamba') in Mozambique (Figure 1). In celebration of this, the plant was officially opened today by His Excellency, the Governor of Inhambane, Daniel Chapo, in the presence of national, provincial and district officials and members of the local community. The 20 tonne per hour plant will be used to produce concentrates as part of the Pre-Feasibility study for Mutamba, which began earlier this year. To view the press release with the picture included please use the following link:

http://www.rns-pdf.londonstockexchange.com/rns/7346Y_-2017-12-7.pdf

David Archer, Savannah's Chief Executive Officer said "We have been delighted to see the continuing strong support for the Project both from the Governor and all levels of government and local communities. The commissioning of the pilot plant is an important step forward for our studies on Mutamba, which our fully owned subsidiary AME is conducting on behalf of the Mutamba Consortium. The pilot plant will allow us to process samples and conduct tests on the extraction of minerals from the deposits. While things are still at a very early stage, a pilot plant is an important part of any project study and we look forward to the work ahead."

Figure 1. Photograph of plant at the Mutamba Project

About The Mutamba Consortium

The Mutamba Consortium was formed late last year and is made up of the Savannah Resources plc, which is listed on the AIM Market of the London Stock Exchange, its wholly owned subsidiary AME East Africa Ltd ('AME'), and Rio Tinto plc, an international mining and metals company, which is dual listed in Australia and the UK.

AME, a wholly owned subsidiary of Savannah, operates the project on behalf of the consortium, through its subsidiary Matilda Minerals.

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:

 
    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) 
    Christopher Raggett         finnCap Ltd              Tel: +44 20 
     / Emily Morris (Joint                                7220 0500 
     Broker) 
    Jon Belliss                 Beaufort Securities      Tel: +44 20 
     (Joint Broker)              Ltd                      7382 8300 
    Charlotte Page /            St Brides Partners       Tel: +44 20 
     Lottie Wadham               Ltd                      7236 1177 
 

About Savannah

We are a diversified resources group (AIM: SAV) with a portfolio of energy metals projects - lithium in Portugal and copper in Oman - 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. We are committed to serving the interests of our shareholders and to delivering outcomes that will improve the lives of our staff and the communities we work with.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 07, 2017 10:17 ET (15:17 GMT)