Savannah Resources looking ahead to strong cash flows from a 'wonderful' pipeline of projects

By Andrew Scott / January 19, 2018 / www.proactiveinvestors.co.uk / Article Link

David Archer, chief executive of Savannah Resources Plc (LON:SAV), updates on progress at the company's projects in Portugal, Mozambique and Oman.

At Mutamba in Mozambique the successful completion of a scoping study has led into pre-feasibility work which is underway.

Where Oman's concerned, Archer says they're hoping to be in production this year. He says they're waiting on two final ministerial approvals.

In Portugal, drilling is continuing at Grandao with a resource estimate there expected shortly. The company's already established an initial inferred mineral resource of 3.2 mln tonnes of ore grading 1% Li2O at the Reservatorio deposit.

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