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Savannah Resources delighted with offer of grant for Oman mining permits

Savannah Resources PLC's (LON:SAV) David Archer caught up with Proactive London's Andrew Scott to discuss the news they're to be awarded mining licences over the Mahab 4 and Maqail South high-grade copper deposits near the Port of Sohar in Oman.

A new mining law was introduced in Oman in March and the permits will be awarded once the licensing fees have been set and paid under these guidelines.

Quick facts: Savannah Resources PLC

Price: 2.325 GBX

AIM:SAV
Market: AIM
Market Cap: £30.17 m
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Excellent results from both projects despite delays, says Savannah Resources Plc

Savannah Resources Plc (LON:SAV) chief executive officer David Archer says the group is intent on moving forward after delays at its Oman projects. “We’ve said some very harsh words to our drilling contractor and we’re looking to a speedy and less problematic programme from here,” says...

on 08/04/2016

2 min read