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Savannah and Rio Tinto will be “an effective combination”

Savannah Resources Plc (LON:SAV) and Rio Tinto (LON:RIO) announced today that they will partner up at several Mozambique deposits, and Savannah chief executive, David Archer, thinks the two will work well together.

“I think we’ll be an effective combination going forward,” Archer tells Proactive.

“I think there was a very good cultural match, we very much talk the same language and over the last 12 months or so have formed a very good working relationship with the Rio team.”

Archers adds that he is “delighted” with the tie-up and tells investors that the plan is to get the drilling programme underway “in the next month”.

Archer explains that he thinks the deposits in Mozambique will have benefits for the local communities, and expects operations to “provide hundreds of jobs, perhaps thousands”.

He also gives Proactive an update on Savannah’s other projects.

Quick facts: Savannah Resources PLC

Price: 2.15 GBX

AIM:SAV
Market: AIM
Market Cap: £27.9 m
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