AME African Min&Ex

TIDMSAV

RNS Number : 6055C

Savannah Resources PLC

19 October 2015

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

19 October 2015

Savannah Resources Plc

Publication of Circular and Notice of General Meeting

Savannah Resources plc (AIM: SAV) ('Savannah' or 'the Company'), advises that that, further to the Placing to raise approximately GBP0.33 million announced today, it has today published a Circular and notice of General Meeting seeking Shareholder approval in respect of proposed authorities to issue new Ordinary Shares, Options and Warrants over Ordinary Shares and the disapplication of pre-emption rights. The General Meeting will be held at 11.00a.m. on 5 November 2015 at the Company's office, Level 2, 18 Pall Mall, SW1Y 5LU.

The Circular and Notice of General Meeting will be sent to Shareholders today and will be available today to view on the Company's website www.savannahresources.com.

Defined terms used in this announcement shall, unless the context otherwise requires, have the same meanings set out in the Circular.

**ENDS**

For further information please visit www.savannahresources.com or contact:

 
    David Archer                      Savannah Resources plc          Tel: +44 20 7389 
                                                                       5019 
    David Hignell / Gerry Beaney      Northland Capital Partners      Tel: +44 20 7382 
     (Nominated Adviser)               Ltd                             1100 
    Jon Belliss / Elliot Hance        Beaufort Securities             Tel: +44 20 7382 
     (Corporate Broker)                Ltd                             8300 
    Felicity Winkles/ Charlotte       St Brides Partners Ltd          Tel: +44 20 7236 
     Heap                                                              1177 
 

**ENDS**

Notes

Savannah Resources Plc (AIM: SAV) is a growth oriented, multi-commodity, exploration and development company.

Savannah has agreed to acquire 100% of Matilda Minerals Limitada which currently operates the Jangamo exploration project, and has agreed with Rio Tinto to form a joint venture in Mozambique to develop the combined Mutamba/Jangamo Project. On 31 December 2014 Savannah announced maiden, 65Mt Inferred Mineral Resource @4.2% total heavy minerals ("THM") at a 2.5% cut-off grade for Jangamo. The Mutamba, Dongane and Chilubane deposits have a combined exploration target of 7-12Bn tonnes at 3-4.5% THM (published in 2008).

Savannah has interests in three 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 19, 2015 02:00 ET (06:00 GMT)

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