Overview / Strategy
AIM listed Savannah Resources Plc (AIM: SAV) is a multi-commodity development company focused on building cash generative and profitable mining operations.
The Company operates a strategic portfolio of assets, spanning near term production potential and longer term development opportunities:
- BLOCK 4 and 5 COPPER BLOCKS, OMAN – Awaiting mining licence - Production expected in H2 2018 (Blocks 4 and 5)
- Jangamo / Mutamba Heavy Mineral Sands Project, Mozambique - being developed in partnership with mining major Rio Tinto with a view to building a dry mining operation
- MINA DO BARROSO, PORTUGAL - opportunity to become the first lithium producer in Europe via fast-paced development strategy
- Somero and Eräjärvi, Finland – early stage development potential over two highly prospective lithium projects
Savannah has a defined development programme in order to maximise value from its multi-commodity portfolio in Oman, Mozambique, Portugal and Finland and aims to build a global development and ultimately production company.
The Company maintains an active growth strategy and will continue to target additional multi-commodity projects that add value and complement the existing portfolio.