Savannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining
6 January 2014
Savannah Resources Plc
Jangamo HM Samples Prepared and Received by Laboratory
Savannah Resources plc (AIM: SAV), advises that the samples from the recent drilling programme at its Jangamo Heavy Mineral Sands Project, prepared by Bureau Veritas in Mozambique were despatched to Australia and have now been received by Bureau Veritas' specialist analytical laboratory in Perth.
It is expected that the analytical results will be available in the first half of February 2014.
For further information please visit www.savannahresources.com or contact:
Savannah Resources plc
Tel: 44 20 3664 9330
James Maxwell / Jenny Wyllie
N 1 Singer
Tel: 44 20 7496 3000
Felicity Edwards/ Charlotte Heap
St Brides Media & Finance Ltd
Tel: 44 20 7236 1177
Savannah Resources Plc (AIM: SAV) is a multi-commodity focussed exploration and development company. Through its 80% ownership of Matilda Minerals Limitada it operates the Jangamo exploration licence in a world class mineral sands province in Mozambique which borders Rio Tinto's Mutamba deposit, one of two major deposits Rio Tinto has defined in Mozambique, which collectively have an exploration target of 7-12 billion tonnes at 3-4.5% THM (published in 2008). In addition, Savannah owns an effective 25.6% strategic shareholding in Alecto Minerals Plc which provides Savannah with exposure to both the highly prospective Kossanto Gold Project in the prolific Kenieba inlier in Mali and also to the Wayu Boda and Aysid Meketel gold / base metal projects in Ethiopia for which Alecto has a JV with Centamin Plc, under which Centamin Plc is committing up to US$14m in exploration funding to earn up to 70% of each project. The Company is also evaluating additional opportunities to expand its portfolio and geographical focus.
This information is provided by RNS