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Savannah Resources Plc
Summary
| Project: | Block 5 | |
|---|---|---|
| Deposit: | Mahab 4, Maqail South | |
| Location: | Oman | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 11/15/2017 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Mine Development | |
| Report details: | 15-11-2017: Savannah Resources Plc announces an EIA/ESIA report for its Mahab 4, Maqail South deposit at the Block 5 project. Environmental operating permits granted for Mahab 4 and Maqail South. Savannah Resources plc (AIM: SAV) (‘Savannah’ or ‘the Compa | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dale Ferguson (Internal) | |
| ABSTRACT: | Savannah Resources plc (AIM: SAV) (‘Savannah’ or ‘the Company’), the AIM quoted resource development company, is pleased to announce the issuance of environmental operating permits for both the Mahab 4 and Maqail South mining licence applications in Oman by the Ministry of Environment and Climate Affairs (‘MECA’). Savannah is a 65% shareholder in the Omani company Al Fairuz Mining, the holder of the Block 5 licence which includes these two high-grade copper deposits. David Archer, Savannah’s Chief Executive Officer said today ““The award of environmental operating permits marks a major breakthrough for our 2018 development plans for the mining of the high-grade copper deposits at Mahab 4 and Maqail South. MECA’s environmental clearance is expected to be factored positively into the approval process of the remaining Ministries.” The process for permitting mining activities in Oman is administered through the Public Authority for Mining (‘PAM’). Upon submission of the mining licence application, approval or (no objection) is required from eight Ministries and PAM for the licence to be granted. Savannah has now received no objection letters from six of the required ministries for the Maqail South and Mahab 4 applications. Positive discussions are continuing for the remaining Ministries for both projects, with final approvals expected to all be received in Q4 2017. | |
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