Business
Change of Adviser
Change of Adviser.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 2848L Savannah Resources PLC 03 July 2014 \n \n\n \nSavannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining\n3 July 2014\nSavannah Resources Plc\nChange of Adviser\n \nSavannah Resources Plc (AIM:SAV) advises that it has appointed RFC Ambrian Limited ('RFC Ambrian') as its Nominated Adviser and broker with immediate effect.\n \nDavid Archer, Savannah's Chief Executive Officer said today \"RFC Ambrian is a trusted advisor to natural resources companies across the value spectrum from global majors to junior explorers. We look forward to working with RFC Ambrian as we continue to advance our prospective Jangamo heavy mineral sands project in Mozambique and potential copper interests in Oman as part of our defined growth strategy of building a leading diversified, multi commodity, exploration and development company.\"\n \n**ENDS**\n \nFor further information please visit www.savannahresources.com or contact:\n\n\n\n\nDavid Archer\n\n\nSavannah Resources plc\n\n\nTel: +44 20 7389 5019\n\n\n\n\nJames Biddle (Nominated Adviser)\nCharlie Cryer (Corporate Broking)\n\n\nRFC Ambrian Limited\n\n\nTel: +44 20 3440 6800\n\n\n\n\nFelicity Edwards/ Charlotte Heap\n\n\nSt Brides Media & Finance Ltd\n\n\nTel: +44 20 7236 1177\n\n\n\n\n \nNotes\n \nAbout Savannah\n \nSavannah Resources Plc (AIM: SAV) is a growth oriented, multi-commodity focussed exploration and development company. It has an 80% shareholding in Matilda Minerals Limitada which operates the Jangamo exploration project in a world class mineral sands province in Mozambique which borders Rio Tinto's Mutamba deposit, one of two major deposits Rio Tinto has defined in Mozambique, which collectively have an exploration target of 7-12Bn tonnes at 3-4.5% THM1 (published in 2008). \n \nSavannah also has the right to acquire two copper projects in the highly prospective Semail Ophiolite Belt in Oman. The projects, which have an Indicated and Inferred Mineral Resource of 1.7Mt @ 2.2% copper and high grade intercepts of up to 56.35m at 6.21% Cu, provide Savannah with an excellent opportunity to potentially evolve into a mid-tier copper producer in a relatively short time frame. Together with its Omani partners, aims to outline further mineral resources to provide the critical mass for a central...