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Savannah Resources boss sees "terrific opportunity" in Oman

Savannah Resources (LON:SAV) CEO David Archer tells Proactive Investors that Oman ticks lots of boxes.

“One of the distinguishing features of the project are the high grades and I suppose that is the real appeal  - with those high grades you can achieve very good economic outcomes even with suppressed copper prices as they are at the moment" he says.

Archer says the drilling programme has been relatively modest but those holes have validated three or four of the major deposits they are looking at exploiting.

“We have been able to aggregate all of that legacy and current data and put together an exploration target envelope which is very suggestive of terrific opportunity for us" he says.

Quick facts: Savannah Resources PLC

Price: 2.125 GBX

Market: AIM
Market Cap: £27.6 m

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Savannah Resources’ Grandao lithium deposit ‘continues to grow’

David Archer, chief executive of Savannah Resources Plc (LON:SAV), tells Proactive Investors they're seeing continued encouraging results from their ongoing reverse circulation and diamond drill programme at the Mina do Barroso project in Portugal. He says they've identified 'significant...

on 26/7/18

2 min read