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20/07/2017
Orezone Announces Appointment of New Director
 
07/07/2017
ENDEAVOUR ANNOUNCES THE RETIREMENT OF ITS COO
 
31/05/2017
RETIREMENT OF DEPUTY CHAIRMAN - Mineral Deposits Limited
 
 
 
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   22/06/2015
 
Rio Tinto & Savannah to combine heavy metals project in Moz
 

Rio Tinto International Holdings Limited and AME East Africa Limited (a wholly owned subsidiary of Savannah Resources Plc) have agreed to combine their adjacent Mutamba, Dongane and Jangamo prospects and Rio Tinto’s Chilubane heavy mineral sands occurrences in an unincorporated joint venture in this world-class heavy minerals sands area in Mozambique.

The projects combine Savannah’s Inferred Mineral Resource of 65Mt at 4.2% total heavy minerals1 (“THM”) and Rio Tinto’s previously declared Exploration Target of between 7.0 and 12.0Bt at a grade ranging from 3 to 4.5% total heavy minerals2.

The Mutamba, Dongane and Jangamo prospects are located approximately 450kms northeast of the capital city of Maputo and approximately 40kms from the ports of Inhambane and Maxixie

Savannah will operate the combined projects and can earn up to 51% of the combined Mutamba/Jangamo Project in stages by undertaking scoping, pre-feasibility and feasibility studies.

 

Rio Tinto has agreed to the purchase of 100% of the production of heavy mineral concentrate products from any mine that may be developed in the Mutamba/Jangamo Project area


 
 
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