# INTERVIEW: Savannah Resources Plc High Grade Lithium may be Fast Tracked

- Link: https://www.directorstalkinterviews.com/interview-savannah-resources-plc-high-grade-lithium-may-fast-tracked/412735820
- Published: 2017-09-21T07:25:39+01:00
- Author: Giles Arbor

**Savannah Resources Plc** (LON:SAV) CEO David Archer talks to DirectorsTalk about
the current level of interest in Lithium, what David likes about the Mina do Barroso
project, with the news of the intersections supporting the potential to fast track
the project David explains the plans from here and also how the mining industry 
will meet the demand for Lithium.

 

Savannah Resources Plc is a growth oriented, multi-commodity, mineral development
company.

**Mozambique**

Savannah operates the Mutamba heavy mineral sands project in Mozambique in collaboration
with Rio Tinto, and can earn a 51% interest in the related Consortium, which has
an established initial Indicated and Inferred Mineral Resource Estimate of 4.4 billion
tonnes at 3.9% THM over the Jangamo, Dongane and Ravene deposits. Under the terms
of the Consortium Agreement with Rio Tinto, upon delivery by Savannah of the following
will earn the corresponding interest in the Mutamba Project (which currently is 
20% following delivery of scoping study in May 2017): pre-feasibility study – 35%;
feasibility study – 51%. Additionally, the Consortium Agreement includes an offtake
agreement on commercial terms for the sale of 100% of heavy mineral concentrate 
production to Rio Tinto (or an affiliate).

**Oman**

Savannah has interests in two copper blocks in the highly prospective Semail Ophiolite
Belt in Oman. The projects, which have an Indicated and Inferred Mineral Resource
of 1.7Mt @ 2.2% copper and high-grade intercepts of up to 56.35m at 6.21% Cu, with
gold credits, provide Savannah with an excellent opportunity to potentially evolve
into a mid-tier copper and gold producer in a relatively short time frame. Together
with its Omani partners, Savannah aims to outline further mineral resources to provide
the critical mass for a central operating plant to develop the deposits and in December
2015 outlined exploration targets of between 10,700,000 and 29,250,000 tonnes grading
between 1.4% and 2.4% copper.

**Portugal**

Savannah holds a 75% interest one mining licence and nine prospective applications
for the exploration and development of lithium, covering approximately 1,024km2 
in northern Portugal. This includes the highly strategic Mina do Barroso prospect,
which with an approved Mining Plan (‘MP’), Environmental Impact Assessment (‘EIA’)
and a 30-year mining concession/Mining Licence (‘ML’), means that with a defined
JORC resource a development decision could be made as early as Q4 2018.

**Finland**

Savannah has Reservation Permits over two lithium projects, covering an area of 
159km². Geological mapping has highlighted the presence of seven pegmatites with
key lithium minerals petalite, spodumene and lepidolite all identified.

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