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SAV Savannah Resources Plc

3.35
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Savannah Resources Plc LSE:SAV London Ordinary Share GB00B647W791 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.35 3.30 3.40 3.35 3.35 3.35 2,161,589 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 0 -2.86M -0.0016 -20.94 61.24M

Savannah Resources: Ravene Drill Program Completed at Mutamba

01/02/2017 9:28am

Dow Jones News


Savannah Resources (LSE:SAV)
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LONDON--Savannah Resources PLC (SAV.LN) said Wednesday it has completed drilling at the Ravene deposit in Mozambique.

Savannah said the analysis is expected to be completed in February with results available thereafter. Results will be used to estimate an initial inferred resource over the Ravene prospect to potentially increase the Mutamba project's recently defined initial indicated and inferred mineral resource estimate of 3.5 billion tons at 3.8% total heavy minerals, Savannah said.

The Ravene deposit forms part of the Mutamba mineral sands project, being developed by Savannah and Rio Tinto PLC as part of a consortium agreement.

Shares at 085 GMT flat at 6 pence, valuing the company at GBP26.5 million.

 

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

 

(END) Dow Jones Newswires

February 01, 2017 04:13 ET (09:13 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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