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Savannah Resources Plc
Summary
| Project: | Block 5 | |
|---|---|---|
| Deposit: | Mahab 4, Maqail South | |
| Location: | Oman | |
| Commodities: | Copper-Zinc-Gold-Silver | |
| Date: | 3/30/2017 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-3-2017: Savannah Resources Plc announces an EIA/ESIA report for its Mahab 4, Maqail South deposit at the Block 5 project. Lodged EIA for Mahab 4 and Maqail South mine developments. Savannah Resources plc (AIM: SAV) (‘Savannah’ or ‘the Company’), the AI | |
| 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, announces that it has now lodged the Environmental Impact Assessment (‘EIA’) scoping documents (first part of licensing) for the Mahab 4 mine development and both the scoping EIA and the full EIA for the Maqail South mine development (Figure 1) in Block 5, Oman. Savannah is a 65% shareholder in Al Fairuz Mining, the holder of the Block 5 licence. David Archer, Savannah’s Chief Executive Officer said today “We have been making very positive progress since the mining licence applications for our high-grade copper Mahab 4 and Maqail South deposits were lodged with the Public Authority for Mining (‘PAM’) on 30 June 2016. To this end, I am pleased to report that we have received excellent support from PAM and the associated Ministries, which I believe is testament to our company and development approach. We are also working very closely with MECA, which regulates this key approval. “In addition to our licensing efforts and to ensure timely delivery of the projects, a series of parallel studies are underway including finalising and auditing of the resources for Mahab 4 and Maqail, additional metallurgical test work including tailings thickening test work and the development of a detailed mine design and production plan for the two mines. We are also assessing several processing plant turn-key solutions. “The granting of our mining licences will mark a major milestone in our project’s development as we continue to target the commencement of mining by the end of 2017. We are keen to lead the way and deliver the first new copper mine development in Oman in a number of years.” | |
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