Savannah Resources PLC Pilot Plant Construction Complete, Mutamba Project (8787W)
20 11월 2017 - 4:00PM
UK Regulatory
TIDMSAV
RNS Number : 8787W
Savannah Resources PLC
20 November 2017
Savannah Resources Plc / Index: AIM / Epic: SAV / Sector:
Mining
20 November 2017
Savannah Resources Plc
Pilot Plant Construction Complete and Commissioning
Underway,
Mutamba Mineral Sands Project, Mozambique
Savannah Resources plc (AIM: SAV) ('Savannah' or 'the Company'),
the AIM quoted resource development company, is pleased to announce
that construction of the pilot plant for its bulk metallurgical
test work programme at the Mutamba Mineral Sands Project in
Mozambique, ('Mutamba' or the 'Project') is now complete (Figures
1-3). To view the press release with the illustrative maps and
diagrams please use the following link:
http://www.rns-pdf.londonstockexchange.com/rns/8787W_-2017-11-17.pdf
HIGHLIGHTS:
-- Construction of the Project's 20 tonne per hour pilot plant
is complete and commissioning is now underway
-- Pilot plant will produce bulk samples of concentrate for metallurgical and product test work
-- Test work to act as proof-of-concept for future development
model - currently targeting first production in 2020 with estimated
average annual production of 456,000t of ilmenite and 118,000t of
non-magnetic concentrate over a 30-year life of mine
-- Commissioning is expected to be completed by the end of 2017
Savannah's CEO, David Archer said: "We are delighted to announce
that the pilot plant construction is now complete, and
commissioning is well underway in anticipation of an official
opening in December. The pilot plant construction work has been
completed on time and on budget and maintains the Consortium's
fast-paced approach towards the Project including the delivery of a
Scoping Study earlier this year.
"Upon completion of commissioning, the plant will provide
concentrate bulk samples for analysis and the preparation of final
products for test marketing. The completion of the plant is another
key milestone for the Mutamba Consortium as we move the Project
towards a development decision.
"In the meantime, the overall market setting for TiO feedstocks
continues to improve and new supply of TiO feedstocks will be
required to meet forecast demand and to ease anticipated market
tightness."
Pilot Plant Commissioning
The commissioning process is expected to take around four weeks
to complete and includes three stages:
-- Water commissioning
-- Sand commissioning
-- Ore commissioning
Figure 1. Aerial photograph of the plant area - November 2017
(company photo)
Figure 2. Grizzly, conveyor and ore feed system (company
photo)
Figure 3. Pilot plant and water storage (company photo)
Competent Person and Regulatory Information
The information in this announcement that relates to exploration
results 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 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
END
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