08:00 Thu 30 Mar 2017
Savannah Resources - Mahab 4 and Maqail South Licencing and Studies
Oman Copper Projects Update
Mahab 4 and Maqail South Licencing and Studies
HIGHLIGHTS:
· Applied for mining licences over the Mahab 4 and Maqail South deposits
· Eight Ministerial approvals are required for the grant of mining licences - to date four Ministries have provided sign-off for each of Mahab 4 and Maqail South
· Significant progress made in the key, four-stage environmental licencing process with the
o Stage 1: EIA Scoping documents for both Mahab 4 and Maqail South have been lodged
o Stage 2: environmental baseline studies for both Mahab 4 and Maqail South completed
o Stage 3: preparation of full EIA well advanced with Mahab 4 and due for lodging in
o Stage 4: preparation of Permit applications for both Mahab 4 and Maqail South underway
· Licencing process and mining studies continues to advance as Savannah moves towards a final investment decision in late 2017, with mining targeted to commence by the end of the year
Savannah's CEO,
"In addition to our licensing efforts and to ensure timely delivery of the projects, a series of parallel studies are underway including finalising and auditing of the resources for Mahab 4 and Maqail, additional metallurgical test work including tailings thickening test work and the development of a detailed mine design and production plan for the two mines. We are also assessing several processing plant turn-key solutions.
"The granting of our mining licences will mark a major milestone in our project's development as we continue to target the commencement of mining by the end of 2017. We are keen to lead the way and deliver the first new copper mine development in
Figure 1. Project Location Map (see PDF link)
ENVIROMENTAL LICENCING FOR MINING PROJECTS IN
The primary requirements of MECA to obtain an environmental licence for a mining project include but are not limited to the following:
· Stage 1: Prepare and submit a Scoping and Strategy for Assessment Document:
o Completed for both Mahab 4 and Maqail South
· Stage 2: Undertake baseline monitoring reflecting possible emissions and land
impacts arising from the mine development and operation:
o Completed for both Mahab 4 and Maqail South
· Stage 3: Prepare and submit an EIA document consistent with good Omani and international practice taking into consideration comments (if any) on the Scoping and Strategy for Assessment Document:
o Mahab 4 due for submission in
· Stage 4: Prepare and submit a permit application form in the prescribed manner:
o Currently in preparation for both Mahab 4 and Maqail South
MAHAB 4 AND MAQAIL SOUTH LICENCING UPDATE
Savannah is now advanced significantly with the licensing of both the Mahab 4 and Maqail South Projects, with Table 1 summarising the current position of the licensing process.
Table 1. Summary of Licensing Progress
Project |
EIA Scoping Study |
Baseline Studies |
Full EIA |
Permit Application |
Mahab 4 |
Lodged with MECA |
Completed |
Due for submission |
Under Preparation |
Maqail South |
Lodged with MECA |
Completed |
Lodged with MECA |
Under Preparation |
Competent Person
The information in this document that relates to exploration results is based upon information compiled by Mr
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
**ENDS**
For further information please visit www.savannahresources.com or contact:
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Tel: +44 20 7117 2489 |
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Tel: +44 20 3861 6625 |
(Corporate Broker) |
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Tel: +44 20 7382 8300 |
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Tel: +44 20 7236 1177 |
Notes
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The information in this document that relates to the resource estimation is based upon information compiled by Mr
This information is provided by RNS
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