Savannah Resources Plc (LON:SAV) has lodged an Environmental Impact Assessment (EIA) for the Mahab 4 copper mine development, the final part of its permit applications for two copper mines in Oman.
Mahab 4 (and Maqail South) are located in Block 5 and the EIA approval process is expected to take around three months assuming all goes smoothly.
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Work on an economic study has also begun and is scheduled to be completed around July time with additional metallurgical test work and a detailed mine design and production plan for the two mines also underway.
David Archer, Savannah’s chief executive, said: "We have completed the fourth and final stage of the environmental application process with the lodging of our EIA permit applications.
“Whilst we await the granting of our Mining Licences, I am pleased to report that we remain highly active in order to ensure the timely delivery of these copper mines.
“This includes appointing IMO to undertake an Economic Study, auditing the resources at both deposit areas, conducting additional metallurgical test work including tailings thickening, and developing a detailed mine design and production plans.
“We are also assessing several processing plant turn-key solutions.“