DirectorsTalk caught up with CEO David Archer to discuss the key highlights from today’s results, the next steps for Oman and the background behind the new major shareholder.
David Archer, Savannah Resources Plc Chief Executive Officer said today
“We are making excellent progress with our copper-gold projects in Oman. Additional copper-gold mineralisation has been confirmed at Aarja in Block 4, the high-grade copper envelope of the Mahab 4 deposit in Block 5 where we have defined our current resource of 1.5Mt at 2.1% copper for 31,500t of contained copper has been extended, gold mineralisation at Gaddamah in Block 4 has been increased, and recently compiled drill data has highlighted both the high-grade open-cut and underground copper potential of the Lasail Mine.”
Savannah Resources plc (LON:SAV) the AIM quoted resource development company, announced today the remaining results from the reverse circulation (‘RC’) and diamond drilling programme completed at Blocks 4 and 5 in Oman, which are prospective for copper and gold. In addition, the Company has completed the preliminary compilation of data from the historic Lasail deposit in Block 4, which is the largest historical mine in Oman. Savannah is earning a 65% shareholding in the Omani company, Al Thuraya LLC, the owner of the Block 4 Project and is a 65% shareholder in Al Fairuz Mining, the holder of the Block 5 licence. To view the press release with the illustrative maps and diagrams please use the following link to DirectorsTalk interviews.
Read the press release here.