TIDMSAV
RNS Number : 8361N
Savannah Resources PLC
14 August 2017
Savannah Resources Plc / Index: AIM / Epic: SAV / Sector:
Mining
14 August 2017
Savannah Resources Plc
Pilot Plant Construction Underway for Bulk Metallurgical
Testwork, Mozambique
Savannah Resources plc (AIM: SAV) ('Savannah' or 'the Company'),
the AIM quoted resource development company, is pleased to announce
that it has commenced construction of the pilot plant for its bulk
metallurgical test work programme at the Mutamba Project,
Mozambique ('Mutamba' or the 'Project') (Figures 1-3 - See PDF). To
view the press release with the illustrative maps and diagrams
please use the following link:
http://www.rns-pdf.londonstockexchange.com/rns/8361N_-2017-8-11.pdf
HIGHLIGHTS:
-- Construction of a 20 tonne per hour pilot plant has commenced
at the Mutamba Mineral Sands Project;
-- Pilot plant will produce bulk samples of concentrate for metallurgical and product test work;
-- Mozambique based AML, an experienced mineral sands
engineering company, has been appointed to undertake the work;
and
-- Construction and commissioning is expected to be completed by the end of 2017.
Savannah's CEO, David Archer said: "We are pleased that the
pilot plant construction work is now well underway at Mutamba and
that good progress is being made. Once commissioned and
operational, the plant will provide concentrate bulk samples for
analysis and the preparation of final products for test marketing.
The completion of the plant will be a key milestone for the Mutamba
Consortium as we move the Project towards a development
decision."
ANUBIS MOÇAMBIQUE LIMITADA ('AML')
AML is a fully independent company that has provided
multi-disciplinary engineering and process services to the mining
industry in Mozambique since 2011.
AML and its associated company, Anubis Pty Limited
(www.anubiseds.com), specialise in the mineral sands mining sector
and have substantial expertise in design, construction and
commissioning of process related equipment and technologies. AML's
clients have included, Kenmare Resources plc (MOMA Sands), MPDC
(Maputo Port Development Company) and MOZAL.
Scope of Work ('SoW')
The pilot plant was constructed and tested under the direction
of Rio Tinto in 2012 in South Africa (Figure 1 - See PDF) before
being disassembled and packed into containers and shipped to the
Mutamba site.
Figure 1. The fully operational pilot plant prior to disassembly
and shipment to Mutamba
(Source: Rio Tinto) - See PDF
The SoW for AML is for the turnkey re-assembly and commissioning
of the plant (Figures 2 and 3 - See PDF) and includes:
-- Site survey;
-- Installation of a site security fence with access lockable gate and security post;
-- Bulk Earthworks;
-- Preparation of the old railway line to be used as construction access road;
-- Civil works, including foundations;
-- Structural re-assembly;
-- Processing equipment: piping, cyclones, distributors, spirals and distributors assembly;
-- Electrical and control (Pumps, Level, Interlocks, Safety, PLC software);
-- Mechanical: pumps, conveyor, vibrating feeder; LIMS and
-- Plant commissioning.
Figure 2. Site plan showing the layout of the pilot plant - See
PDF
Figure 3. Aerial view of pilot plant site - See PDF
(Source: Company Photo - August 2017)
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 7220 0500
(Corporate Broker)
Charlotte Page / St Brides Partners Tel: +44 20
Lottie Brocklehurst Ltd 7236 1177
About Savannah
Notes
Savannah Resources Plc (AIM: SAV) is a growth oriented,
multi-commodity, mineral 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 4.4
billion tonnes at 3.9% THM over the Jangamo, Dongane and Ravene
deposits. Under the terms of the Consortium Agreement with Rio
Tinto, upon delivery by Savannah of the following will earn the
corresponding interest in the Mutamba Project (which currently is
20% following delivery of scoping study in May 2017):
pre-feasibility study - 35%; feasibility study - 51%. Additionally,
the Consortium Agreement includes an offtake agreement on
commercial terms for the sale of 100% of heavy mineral concentrate
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 gold
credits, 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.
Portugal
Savannah holds a 75% interest one mining licence and nine
prospective applications for the exploration and development of
lithium, covering an area in excess of 1,018km(2) in northern
Portugal. This includes the highly strategic Mina do Barroso
prospect, which with an approved Mining Plan ('MP'), Environmental
Impact Assessment ('EIA') and a 30-year mining concession/Mining
Licence ('ML'), means that with a defined JORC resource a
development decision could be made as early as Q4 2018.
Finland
Savannah has Reservation Permits over two lithium projects,
covering an area of 159km(2). Geological mapping has highlighted
the presence of seven pegmatites with key lithium minerals
petalite, spodumene and lepidolite all identified.
This announcement is based upon information compiled by Mr Dale
Ferguson, Technical Director of Savannah Resources Limited. Mr
Ferguson is a Member of the Australian Institute of Mining and
Metallurgy (AusIMM) and has sufficient experience which is relevant
to the style of mineralisation and type of deposit under
consideration and to the activity which he is undertaking to
qualify as a Competent Person as defined in the December 2012
edition of the "Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves" (JORC Code). Mr
Ferguson consents to the inclusion in the report of the matters
based upon the information in the form and context in which it
appears.
This announcement is based upon information compiled by Mr Colin
Rothnie, an independent consultant. Mr Rothnie is a Member of the
Australian Institute of Mining and Metallurgy (AusIMM) and has
sufficient experience, which is relevant to the style of
mineralisation and type of deposit under consideration and to the
activity which he is undertaking to qualify as a Competent Person
as defined in the December 2012 edition of the "Australasian Code
for Reporting of Exploration Results, Mineral Resources and Ore
Reserves" (JORC Code). Mr Rothnie consents to the inclusion in the
report of the matters based upon the information in the form and
context in which it appears.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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