Savannah Resources PLC Mutamba Consortium Commissions Pilot Plant (7346Y)
December 07 2017 - 10:17AM
UK Regulatory
TIDMSAV
RNS Number : 7346Y
Savannah Resources PLC
07 December 2017
Savannah Resources Plc / Index: AIM / Epic: SAV / Sector:
Mining
7 December 2017
Savannah Resources Plc
Mutamba Consortium Commissions Pilot Plant
Savannah Resources plc (AIM: SAV) ('Savannah' or 'the Company'),
the AIM quoted resource development company, is pleased to announce
that the Mutamba Consortium has completed the commissioning of a
pilot processing plant at the Mutamba Mineral Sands Project
('Mutamba') in Mozambique (Figure 1). In celebration of this, the
plant was officially opened today by His Excellency, the Governor
of Inhambane, Daniel Chapo, in the presence of national, provincial
and district officials and members of the local community. The 20
tonne per hour plant will be used to produce concentrates as part
of the Pre-Feasibility study for Mutamba, which began earlier this
year. To view the press release with the picture included please
use the following link:
http://www.rns-pdf.londonstockexchange.com/rns/7346Y_-2017-12-7.pdf
David Archer, Savannah's Chief Executive Officer said "We have
been delighted to see the continuing strong support for the Project
both from the Governor and all levels of government and local
communities. The commissioning of the pilot plant is an important
step forward for our studies on Mutamba, which our fully owned
subsidiary AME is conducting on behalf of the Mutamba Consortium.
The pilot plant will allow us to process samples and conduct tests
on the extraction of minerals from the deposits. While things are
still at a very early stage, a pilot plant is an important part of
any project study and we look forward to the work ahead."
Figure 1. Photograph of plant at the Mutamba Project
About The Mutamba Consortium
The Mutamba Consortium was formed late last year and is made up
of the Savannah Resources plc, which is listed on the AIM Market of
the London Stock Exchange, its wholly owned subsidiary AME East
Africa Ltd ('AME'), and Rio Tinto plc, an international mining and
metals company, which is dual listed in Australia and the UK.
AME, a wholly owned subsidiary of Savannah, operates the project
on behalf of the consortium, through its subsidiary Matilda
Minerals.
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 (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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