Savannah Resources Plc (LON:SAV) Chief Executive Officer David Archer caught up with DirectorsTalk for an exclusive interview to discuss the key highlights from the reverse circulation and diamond drilling programme, the next steps for Oman and their new major shareholder
Q1: Now, this morning you announced the remaining results from the reverse circulation and diamond drilling programme, can you tell us what the key highlights are from the drilling?
A1: I think the highlights really are that we sort of bringing together quite a number of strands here and building a very solid copper and gold story for our projects in Oman specifically with the Mahab 4 deposit. It’s a high grade copper deposit, we’ve got both some very solid high grade intersections there and our latest announcement sort of shows some interesting lower grade mineralisation which I think is defining, if you like, the fee design for that deposit so we think that there’s real potential to continue to expand the resource on Mahab 4. As well as that and they’ll be summarised the results from some of the high grade intersections we had at Aarja and I think what’s more significant is the fact that we’d be happy to identify two new surface zones of high grade mineralisation at the Lasail Mine and being able to identify 56 metres at 1.5% copper and almost 17 metres at 3% copper so very very solid intersections and we’re also getting some high grade results at depth as well so I think that really sort of underscores the resource potential of the Lasail Mine as part of an amalgamated mine development of both our Block 4 and Block 5 projects.
Q2: What are the next steps for Oman?
A2: Well I think from here, were keen on launching a further round of resource drilling to frame up mineral resources out of the exploration targets that we announced last year and we’ll be looking at doing some financial analysis to start to scope out the size of the copper opportunity in Oman and move quickly towards initial replications for mining leases specifically around Block 4. So should be a year of quite high tempo activity for Savannah Resources.
Q3: Ok, now news today comes just a week after your announcement of the new major shareholder, can you give us some background on that?
A3: Well I think it’s pretty key having that degree of support so I think that really underwrites the current newsworthy activity and a particular significance is that the Al Marjan group is a significant Middle-Eastern investor and very excited about the potential for us to go copper mining in Oman and so we think that that will provide us both with solid unwavering support. Of course as well as that, as our major shareholder, they’re a long term shareholder and that will really help to deal a very strong share register for Savannah Resources.
