The Mozambican Ministry of Mining and Energy is “actively” analysing the granting of three licenses for exploration of heavy sand deposits in Mutamba that were submitted by Mutamba Mineral Sands, British company Savannah Resources said in a market filing.
The three license applications cover an area of 417,32 square kilometres in the province of Inhambane, including Jangamo with 118.08 square kilometres, Dongane/Ravene with 161.26 square kilometres and Chilubane with 137.98 square kilometres, according to information from Savannah Resources.
Savannah Resources, which explores copper and gold deposits in Oman and lithium deposits in Portugal, is involved in this heavy sand project in Mozambique in consortium with the Rio Tinto mining group, with a 20% stake, which could increase to 35% and 51% after completion of the pre-feasibility and economic feasibility studies.
Savannah’s chief executive, David Archer, said in the statement that pending the outcome of the Mozambican government’s review, the partnership has been carrying out some work, such as studies of hydrology, port options for product distribution and collection of 10 tons of samples to help determine final production capacity. (macauhub)