Savannah Resources PLC New Presentation and Investor Evening Agenda (6309R)
13 December 2016 - 7:02AM
UK Regulatory
TIDMSAV
RNS Number : 6309R
Savannah Resources PLC
13 December 2016
Savannah Resources Plc / Index: AIM / Epic: SAV / Sector:
Mining
13 December 2016
Savannah Resources Plc
New Corporate Presentation and Investor Evening Agenda
Savannah Resources plc (AIM: SAV) ('Savannah' or 'the Company'),
the AIM quoted resource development company, is pleased to announce
that a new corporate presentation will be made 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 asset portfolio at the
investor event being held at 6.00pm on Tuesday 13 December 2016 at
The Chesterfield Mayfair Hotel, 35 Charles Street, London, W1J
5EB.
The agenda for this investor evening will be as follows:
-- 6.00pm - Room opens
-- 6.15pm - Introduction from Savannah Chairman, Matthew King
-- 6.20pm - Presentation by Savannah Chief Executive Officer,
David Archer, followed by Q&A session
-- 7.20pm - Drinks and canapes and opportunity to speak with the team
-- 8.45pm - Ends
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)
Jon Belliss / Elliot Beaufort Securities Tel: +44 20
Hance Ltd 7382 8300
(Corporate Broker)
Charlotte Page / 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.
Mozambique
Savannah operates the Mutamba heavy mineral sands project in
Mozambique in collaboration with Rio Tinto, and can earn a 51%
interest in the related Consortium, which has an established
initial Indicated and Inferred Mineral Resource Estimate of 3.5
billion tonnes at 3.8% THM over the Jangamo and Dongane deposits.
Under the terms of the Consortium Agreement with Rio Tinto,
Savannah must deliver the following to earn corresponding interest
in the Mutamba Project: scoping study - 20%; pre-feasibility study
- 35%; feasibility study - 51%. Additionally, the Consortium
Agreement includes an offtake agreement on commercial terms for the
sale of 100% of production to Rio Tinto (or an affiliate).
Oman
Savannah has interests in two 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.
Finland
Savannah has Reservation Permits over two new lithium projects,
Somero and Erajarvi, covering an area of 159km(2) in Finland.
Savannah holds a 100% interest in these projects through its
Finnish subsidiary Finkallio Oy. Geological mapping by the Finnish
Government within the project areas has highlighted the presence of
lithium minerals spodumene, lepidolite and petalite with the
Government also identifying Somero and Erajarvi as one of the most
prospective areas to discover lithium deposits in Finland. Savannah
plans to initiate an exploration programme including data
compilation, geological mapping and surface sampling with the aim
of generating drill ready targets during 2016.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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December 13, 2016 02:02 ET (07:02 GMT)