Business
Licencing and Oman Scoping Study Update
Licencing and Oman Scoping Study Update.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 3265S Savannah Resources PLC 02 October 2017 \n\n \nSavannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining\n \n2 October 2017 \n \nSavannah Resources Plc\nMahab 4 and Maqail South Licencing and Oman Scoping Study Update\n \nSavannah Resources plc (AIM: SAV) ('Savannah' or 'the Company'), the AIM quoted resource development company, is pleased to announce that results of a hydrogeological baseline assessment will bolster the \"in principle\" approval of its proposed TSF and that key approvals relating to the Block 5 Mahab 4 and Maqail South mining licence applications for copper development in Oman have been received. To view the press release with the illustrative maps and diagrams please use the following link: http://www.rns-pdf.londonstockexchange.com/rns/3265S_-2017-9-29.pdf\n \nHIGHLIGHTS:\n· Successfully completed hydrogeological baseline assessments for the proposed tailings storage facility ('TSF'), which will support development at both mines, and which already has approval in principle from the Ministry of Environment and Climate Affairs ('MECA') subject to studies and test work being presented \n· This is a key study to bolster the TSF's in principle approval concept which is subject to further studies and test work being presented to MECA\n· Solid progress towards the grant of mining licences for the first two of a planned series of high grade copper mine developments in Oman\no Regulatory approval or \"No Objection\" received from five Ministries for the Maqail South Licence application to date - targeting open cut development\no Regulatory approval or \"No Objection\" received from four Ministries for the Mahab 4 Licence application to date - targeting underground development\n· Commenced the Environmental Impact Assessment ('EIA') into the design and efficacy of the proposed TSF and copper concentrator / processing plant\n· Economic scoping study for the potential mine development is approaching completion \n· Targeting commencement of mining in H1 2018\n \nDavid Archer, Savannah's Chief Executive Officer said toda...