Business
Oman Copper Mine Licencing Update
Oman Copper Mine Licencing Update.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 2607I Savannah Resources PLC 16 June 2017 \n\n \nSavannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining\n \n16 June 2017\n \nSavannah Resources Plc\nMahab 4 and Maqail South Copper Mine Licencing Update\n \nSavannah Resources plc (AIM: SAV) ('Savannah' or 'the Company'), the AIM quoted resource development company, is pleased to announce that it has now received initial advice from the Ministry of Environment and Climate Affairs ('MECA') on the Environmental Impact Assessment ('EIA') for the development of a processing plant and tailings facility for its Block 4 and 5 copper projects in Oman. To view the press release with the illustrative maps and diagrams please use the following link: \n \n \nHIGHLIGHTS:\n· Savannah has received in principle approval for its tailings storage facility ('TSF') concept, subject to further studies and test work being presented to MECA for review and consideration;\n· The TSF concept involves the utilisation of the abandoned Lasail West pit for tailings storage \n· The Lasail West pit is adjacent to the main, historic Lasail Mine which, as a large underground operation produced c. 13Mt of ore at 2% copper, and which retains excellent potential for the identification of further copper mineralisation; \n· All regulatory applications for copper mine development at both Mahab 4 and Maqail South have now been submitted; \n· Licensing approval process continues to progress but is taking longer than initially anticipated, which has resulted in some time loss to the proposed production schedule; and\n· Mining expected to commence in H1 2018.\n \nSavannah's CEO, David Archer said: \"We are pleased that MECA has given us the green-light to consider the TSF concept we have suggested around the use of the existing abandoned Lasail West pit. This would be the first TSF of its type in Oman and we believe it would provide Savannah with an economic avenue for safe tailings storage, and at the same time would result in the overall rehabilitation of the Lasail West site, which remains of strategic resource value to the Company. \n \n\"The preliminary approval of the TSF represents another major step forward towards comm...