Mutamba Consortium Commissions Pilot Plant

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 plc	Tel: [phone]
David Hignell / Gerry Beaney (Nominated Adviser)	Northland Capital Partners Ltd	Tel: [phone]
Christopher Raggett / Emily Morris (Joint Broker)	finnCap Ltd	Tel: [phone]
Jon Belliss (Joint Broker)	Beaufort Securities Ltd	Tel: [phone]
Charlotte Page / Lottie Wadham	St Brides Partners Ltd	Tel: [phone]

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.

 

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