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Savannah Resources pleased to have Omani heavyweights on board

Savannah Resources Plc’s (LON:SAV) chief executive David Archer said the two non-executive directors appointed this week are both based in Oman and are “very well respected individuals in the Omani business network”.
Maqbool Ali Sultan and Imad Kamal Abdul Redha Sultan represent the Al Marjan group, Savannah’s largest shareholder with a 29.9% stake.
With their enormous business experience and expertise, “they both underscore our interest in the pursuit of our Omani projects” Archer told Proactive investors.
Savannah has a number of copper-gold projects in Oman that it is looking to bring into production late in 2017.
Archer said having local representation and local ownership is a “must have” when operating in Oman. Having the Al Marjan representatives on board will be key in helping the company get the projects through the development stage.
Presenting a local face in whatever jurisdiction it operates – the group also has a heavy mineral sands project in Mozambique, where it is partnering with Rio Tinto,  and it is also moving into the hot area of lithium with two projects in Finland – is part of Savannah’s policy.
As well as covering the board appointments, Archer also gives a quick appraisal of the group’s projects outside of Oman.

Quick facts: Savannah Resources PLC

Price: 2.23 GBX

Market: AIM
Market Cap: £28.97 m

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