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Savannah Resources appoints Farview Solutions as Strategic Adviser to help guide development path for Mutamba Mineral Sands Project

Mutamba, located in Mozambique, contains one of the world's largest undeveloped mineral sands deposits comprising an Indicated and Inferred Mineral Resource of 4.4 billion tons

Mineral sands

Savannah Resources PLC (LON:SAV) has announced the appointment of Farview Solutions as Strategic Adviser to help guide the development path for the Mutamba Mineral Sands Project in Mozambique and recommend associated strategic opportunities for the company.

The resource development company pointed out that Farview Solutions provide strategic advice and advisory services to the mineral sands, titanium pigment and industrial minerals industries. Bruce Griffin, the owner of Farview Solutions, will be primarily responsible for advising Savannah in relation to Mutamba.

READ: Savannah Resources raises £2.34mln to support continuing workstreams at Mina do Barroso

In a statement, David Archer, Savannah's CEO commented: "Bruce is one of the industry's most experienced executives and has a deep understanding of Mutamba from his time at TZ Minerals International Pty. Ltd. (TZMI), where he was the CEO, whilst it undertook the Scoping Study of the Project. Mutamba is one of the largest undeveloped mineral sands deposits in the world and Bruce will help Savannah define the best value-adding development, commercial and corporate paths, both to help unlock the value of the Project and to sequence it into playing a major role in the production of titanium feedstocks for international industry."

Griffin, the owner of Farview Solutions, is Commercial Director for Sheffield Resources Limited and a non-executive director of Titanium Corporation. He was formerly the Senior Vice President of Strategic Development of Lomon Billions Group, the world's third-largest producer of high-quality titanium dioxide pigments.

He has also held executive management positions in several resource companies, including chief executive officer of TZMI, the leading independent consultant on the global mineral sands industry, a director of World Titanium Resources, a development stage titanium project in Africa, and Vice President of Titanium for BHP Billiton.

Mutamba is located in Mozambique and contains one of the world's largest undeveloped mineral sands deposits comprising an Indicated and Inferred Mineral Resource of 4.4 billion tons, grading 3.9% total heavy minerals. The project's granted 25-year mining leases cover an area of 537 square kilometres.

Savannah is the operator of Mutamba, which is held in a joint venture with Rio Tinto. Savannah holds a 20% interest in the project and will increase this to 35% upon delivery of the Pre-Feasibility Study, which is currently underway, and ultimately to 51% upon delivery of a Feasibility Study.

Quick facts: Savannah Resources PLC

Price: 2.69 GBX

AIM:SAV
Market: AIM
Market Cap: £374.2 k
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