RNS Number : 9872X
Savannah Resources PLC
28 February 2017
 

 

Savannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining

 

28 February 2017

 

Savannah Resources Plc

High Grade HMS Mineralisation Confirmed at Ravene, Mutamba Project, Mozambique

 

Savannah Resources plc (AIM: SAV) ('Savannah' or 'the Company'), the AIM quoted resource development company, is pleased to confirm that is has identified significant zones of high grade total heavy mineral ('THM') mineralisation at the Ravene deposit in Mozambique.  This follows the receipt of drill results from recent work undertaken by Savannah alongside the compilation and verification of legacy drill work undertaken by Rio Tinto (Figures 1).  The Ravene deposit forms part of the Mutamba Mineral Sands Project, being explored by Savannah and Rio Tinto as part of a consortium agreement (the 'Consortium').  To view the press release with the illustrative maps and diagrams please use the following link:

http://www.rns-pdf.londonstockexchange.com/rns/9872X_-2017-2-27.pdf 

 

HIGHLIGHTS:

·    Compilation and verification of legacy Rio Tinto drilling was completed highlighting significant zones of high grade THM mineralisation

·    Significant Rio Tinto results at 5% THM cut off include:

o 12m at 15.4% THM from surface in hole 2762

o 18m at 9.1% THM from surface in hole 2807

o 21m at 7.9% THM from surface in hole 2812

o 45m at 7.7% THM from surface in hole 2593

o 27m at 6.4% THM from surface in hole 2757

·    Infill drilling carried out by Savannah for 107 drill holes for a total of 2,914m has successfully confirmed the zones of high grade THM mineralisation

·    Significant Savannah results at a 5% THM cut off include:

o 12m at 10.5% THM from surface in hole 5000

o 12m at 8.7% THM from surface in hole 4952

o 15m at 8.1% THM from surface in hole 4946

o 27m at 7.1% THM from surface in hole 4946

o 36m at 6.5% THM from surface in hole 4932

·    Drilling confirmed the existence of two mineralised zones of heavy mineral concentrations >5% THM at Ravene, with the main zone having a length of 3.5km and widths up to 1.5km

·    Results will be used to estimate an initial Inferred Mineral Resource over the Ravene deposit - the current work programme focused on the known high grade portions of the mineralisation and further drilling is required to define possible extensions of the mineralisation

·    The resource estimation will be fast tracked and included into the Scoping Study, which is currently underway

 

Savannah's CEO, David Archer said: "The drilling results have underscored the Ravene deposit as a potential point of focus for evaluation as an initial mining area in the Scoping Study, which is currently underway.  High THM grades have been identified from surface, which are very supportive of our development model for a high grade, low stripping ratio dry mining development.  The Ravene deposit main zone shows very good continuity with thick sections of high grades in a 3.5km long zone and up to 1.5km wide.  The programme was successfully planned and executed to more precisely define the high grade zones of THM at the Ravene deposit, which we believe could increase the current global Indicated and Inferred Mineral Resource inventory of 3.5 billion tonnes at 3.8% THM at the Mutamba Project North.  In parallel, our Scoping Study to better determine the development potential of Mutamba continues to progress well."  

 

Figure 1. Mutamba Project Location Map - see PDF link

 

Introduction

 

The Mutamba Project is subject to a consortium agreement between Savannah and Rio Tinto and is operated by Savannah.  The Mutamba Project includes the Mutamba Project North (consisting of Jangamo, Dongane and Ravene deposits) and the Chilubane deposit, which is located 180km to the southwest of the Mutamba Project North.  The current resource statement of 3.5 billion tonnes at 3.8% THM includes only the Jangamo and Dongane deposits (Figure 1).

 

The Ravene deposit which is part of the Mutamba Project North is relatively under evaluated and the drilling results suggest that it has the potential to host significant zones of high grade heavy minerals. The aim of the drilling at Ravene was to infill the original grid on a 500m line spacing to provide drilling information at a concentration of 500m x 500m so that it can be used to calculate an inferred mineral resource and be incorporated into the Scoping Study which is currently underway.

 

Rio Tinto Drilling

 

Rio Tinto completed an initial drill programme at Ravene between 2002 and 2004, drilling a total of 119 holes RC for 5,039m on a 1km by 500m grid (Figure 2-3). These results have now been reviewed and verified by the recent Savannah drill programme.  The top 10 significant results are summarised below in Table 1, with full results in Appendix 1-3.

 

The drilling confirmed three main zones of heavy mineral concentrations greater than 5% THM.  The largest of these zones occurred in the northern block of the drill grid, occurring over a distance of 8km. The mineralisation is seen to occur in sequence of parabolic dunes made up of third generation of dunes striking on a north-south trend. The two other mineralised zones occur in the southern block of the Ravene deposit and are smaller, occurring over a distance of 4km for one and 1km for the other.

 

Table 1. Summary of Top 10 Results from Historical Rio Tinto Drilling

Rio Tinto

3% THM Cut off

5% THM Cut off

Hole

From (m)

Avg THM %

Width (m)

Avg THM %

2591

0

6.0

30

6.3

2593

0

7.5

45

7.7

2702

0

5.6

42

5.8

2711

0

5.5

27

5.5

2757

0

5.5

27

6.4

2762

0

8.3

12

15.4

2780

0

5.4

63

5.4

2807

0

6.5

18

9.1

2811

0

5.9

18

6.6

2812

0

7.4

21

7.9

 

Savannah Drilling

Drilling at Ravene (Figure 2-3) was carried out over a 21km length, targeting specific zones of high grade mineralisation outlined by the Rio Tinto drilling. The programme commenced in December 2016 and was completed in January 2017, with 107 holes drilled for a total of 2,914m. The top 10 significant results are summarised below in Table 2, with full results in Appendix 1-3.

 

The results of the infill drilling carried out by Savannah confirmed the existence of the major zone of heavy mineral concentrations in northern Ravene block. The bulk of the high grade concentrations are found in the southern section of the main zone with a length of 3.5km and widths up to 1.5km. The mineralisation to the north of this zone is consistent at cut off grades of 3% and 4% THM. The mineralisation in southern Ravene is more discrete comprising three smaller zones up to 1.9km in length, which has a greater continuity at a 3% cut-off. A typical cross section of the mineralisation at Ravene can be found in Figure 4.

Further assessment of the mineralogy of the heavy minerals at Ravene will be conducted on material retrieved during the recent drilling programme. Previous studies, however, indicate the THM at Ravene contains approximately 54% ilmenite and 2.3% zircon.

 

Table 2. Summary of Top 10 Results from Recent Savannah Resources Drilling

Savannah Resource

3% THM Cut off

5% THM Cut off

Hole

From (m)

THM %

Width (m)

THM %

4932

0

6.2

36

6.5

4944

0

5.0

21

6.3

4945

0

7.0

15

8.1

4946

0

7.1

27

7.1

4952

0

7.7

12

8.7

4954

0

5.9

33

6.3

4957

0

5.6

21

5.9

4979

0

6.4

33

6.7

4998

0

6.1

39

6.1

5000

0

6.7

12

10.5

 

Figure 2. Map of the Ravene prospect area with Savannah's completed drilling (blue) and existing Rio Tinto drilling (black) highlighting key results using a 3% THM cut off showing the consistent broad zone of mineralisation identified - see PDF link 

 

Figure 3. Map of the Ravene prospect area with Savannah's completed drilling (blue) and existing Rio Tinto drilling (black) highlighting key results using a 5% THM cut off - see PDF link 

 

Figure 4. East to West Section - Ravene Deposit showing mineralisation and geology - see PDF link

 

 

Competent Person and Regulatory Information

 

The information in this document that relates to exploration results is based upon information compiled by Mr Dale Ferguson, Technical Director of Savannah Resources Limited. Mr Ferguson is a Member of the Australian Institute of Mining and Metallurgy (AusIMM) and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). Mr Ferguson consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears.

 

The information in this document that relates to the resource estimation is based upon information compiled by Mr Colin Rothnie, an independent consultant. Mr Rothnie is a Member of the Australian Institute of Mining and Metallurgy (AusIMM) and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the December 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). Mr Rothnie consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears.

 

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:

 

David Archer

Savannah Resources plc

Tel: +44 20 7117 2489

David Hignell / Gerry Beaney (Nominated Adviser)

Northland Capital Partners Ltd

Tel: +44 20 3861 6625

Jon Belliss / Elliot Hance

(Corporate Broker)

Beaufort Securities Ltd

Tel: +44 20 7382 8300

Charlotte Page /

Lottie Brocklehurst

(Financial PR)

St Brides Partners Ltd

Tel: +44 20 7236 1177

 

Notes

Savannah Resources Plc (AIM: SAV) is a growth oriented, multi-commodity, mineral development company.

 

Mozambique

Savannah operates the Mutamba heavy mineral sands project in Mozambique in collaboration with Rio Tinto, and can earn a 51% interest in the related Consortium, which has an established initial Indicated and Inferred Mineral Resource Estimate of 3.5 billion tonnes at 3.8% THM over the Jangamo and Dongane deposits.  Under the terms of the Consortium Agreement with Rio Tinto, upon delivery by Savannah of the following Savannah will earn the corresponding interest in the Mutamba Project: Scoping Study - 20%; Pre-Feasibility Study - 35%; Feasibility Study - 51%. Additionally, the Consortium Agreement includes an offtake agreement on commercial terms for the sale of 100% of production to Rio Tinto (or an affiliate).

 

Oman

Savannah has interests in two copper blocks in the highly prospective Semail Ophiolite Belt in Oman.  The projects, which have an Indicated and Inferred Mineral Resource of 1.7Mt @ 2.2% copper and high grade intercepts of up to 56.35m at 6.21% Cu, with gold credits, provide Savannah with an excellent opportunity to potentially evolve into a mid-tier copper and gold producer in a relatively short time frame. Together with its Omani partners, Savannah aims to outline further mineral resources to provide the critical mass for a central operating plant to develop the deposits and in December 2015 outlined exploration targets of between 10,700,000 and 29,250,000 tonnes grading between 1.4% and 2.4% copper.

 

Finland

Savannah has Reservation Permits over two new lithium projects, Somero and Erajarvi, covering an area of 159km² in Finland.  Savannah holds a 100% interest in these projects through its Finnish subsidiary Finkallio Oy.  Geological mapping by the Finnish Government within the project areas has highlighted the presence of lithium minerals spodumene, lepidolite and petalite with the Government also identifying Somero and Erajarvi as one of the most prospective areas to discover lithium deposits in Finland.  Follow up work to further expand and define the pegmatites in readiness for drilling is being planned for the second quarter of 2017 (after winter).

APPENDIX 1 - JORC 2012 Table 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria

JORC Code explanation

Commentary

Sampling techniques

·    Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

·      Reverse circulation, air-core drill samples were taken at 3m intervals. All holes were drilled vertically with NQ sized drill rods. Large plastic bags were placed under a cyclone to capture a complete 3m run of sediment intersected by the drill. The bulk sample was then dried and split using a rotary splitter to get a sub sample of 500 to 700g for heavy mineral determination

 

·    Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

·      Air-Core Drilling. Drilling is conducted on a regular grid using air-core drilling technology, an industry standard drilling technique for HM deposits. Drilling rods are 3m long and 1 sample is taken for each rod interval.

·      Collar surveys are carried using hand held GPS with an accuracy to within 5m, and the z direction was determined by satellite derived elevation data and is accurate to less than a metre. 

·      A bulk sample of a run from a 3m drill rod was dried and weighted to assess the expected recovery for each interval. Dried sample weights were plotted against an "expected" value and were used to monitor the recovery of each drilled interval.

 

·    Aspects of the determination of mineralisation that are Material to the Public Report.

·    In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

·      Heavy minerals occur disseminated within sedimentary units. At Ravene there are units deposited as aeolian dunes with vertical continuity. Mineralised zones extend for many hundreds of metres to kilometers along strike with minor local variability.

·      Down hole sampling is carried out at 3m intervals coinciding with the length of a drill rod. The sample interval is considered standard for gaining an understanding of the vertical extent and continuity of mineralisation. Bulk samples at the rig were dried and split to 500g to 700g sub samples for heavy mineral and slimes analysis.

 

Drilling techniques

·    Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).

·       NQ air-core drilling with hole diameter approximately 81mm, and a drill rod diameter of approximately 75mm, all holes are vertical. Air-core drilling is a form of reverse circulation drilling requiring annular drill rods. Compressed air is pumped down the outer tube and the sample is collected from the open face drilling bit and blown up the inner tube. It is well suited to drilling unconsolidated sediments and it is one of the few drilling techniques to give good sample quality below the water table.

Drill sample recovery

·    Method of recording and assessing core and chip sample recoveries and results assessed.

 

·       Field assessment of sample volume. A theoretical dried sample mass was estimated to be within the range of 18 kg to 24 Kg, 70% of samples are within the expected range. Lower than average sample recovery is recorded only for the very top of the drill hole due to air and sample losses into the surrounding soil. At Ravene the water table was very rarely encountered. When the water table was encountered. In order to avoid sample contamination from upper intervals, cyclone and hoses were flushed before a new sample interval run in saturated soil conditions.

 

·    Measures taken to maximise sample recovery and ensure representative nature of the samples.

·       The entire drill sample is delivered to the laboratory for further analysis, thereby eliminating the possibility of sample bias caused by splitting the sample in the field.

·       Sample bias and segregation are kept to a minimum with the whole sample interval collected in large plastic bags at the rig and transported to the laboratory, where they are placed into large metal trays and the whole sample air dried. The dried samples were broken up in the trays and returned to the sample bag for splitting.

·       Low recoveries were observed in transitions between dune types. Higher slimes in underlying non-mineralised units were encountered which slowed the rigs usual advance rate. When this occurred water was injected into the airstream to stop clay particles from accreting to the inside of the inner tube and blocking it.

 

·    Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

·       Materials sampled by the air-core drilling rig can be dry, moist or wet. Dry samples may lose some of their slimes fraction due to blowing out of the sampling equipment. The amount of dust coming out of the cyclone was monitored and kept to an absolute minimum.  HM and oversize are not expected to be affected. Moist drill samples (the most commonly found at Ravene) are the most representative as the whole sample is returned as "clumps" of material from the bit face. There is no chance for HM or slimes to segregate in the moist samples, because all of the material stays stuck together. When dust levels were high water was generally injected into the airstream to maintain integrity of the sample fractions.

 

Logging

·    Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

·    Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.

·    The total length and percentage of the relevant intersections logged.

·       All drill holes were logged in the field at the time of sampling. Each 3m sample interval was carefully homogenised and assessed for lithology, colour, grain size, degree of roundness and sorting. Each interval was semi quantitatively assessed for slimes content and heavy mineral concentrations by washing and panning a standard representative subsample.

·       Virtually all of the drill samples are sand with minor silt. Drillhole logs are useful in separating geology units and for checking the laboratory results, but do not provide any information additional to the laboratory data that is fundamentally required for the resource estimation.

 

Sub-sampling techniques and sample preparation

·    If core, whether cut or sawn and whether quarter, half or all core taken.

·    If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

 

·       The full sample of each 3m drill run was sampled in the field and after logging was labeled and sealed and taken to the laboratory for analysis. The complete sample was dried in large metal trays and once dry the sample is placed into a container to be broken up into individual particles for homogenization. The complete dry sample weight is recorded and then two sub samples of 500 to 700g are made using a rotary splitter one sample is for analysis and the other sample is for reference.

 

·    For all sample types, the nature, quality and appropriateness of the sample preparation technique.

·       All drill samples consist of sand, or silty sand. For these samples the sample preparation method is appropriate. 

 

·    Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

·       All sample preparation and analysis stages are documented as a set of standard operating procedures.

·       All stages of the analytical process are monitored by the laboratory supervisor to ensure all procedures are being adhered to.

·       All weights are automatically captured by the use of an in-house laboratory information management system (LIMS) software, which minimizes any human data input and the risk of mistyping values into the database.

·       In-house reference standards, blanks and duplicates are routinely inserted in the sample sequence at a rate of 1:20 to assess the quality of sampling and analysis.

·       Drill holes were also twinned at a rate of 1:20 holes.

 

·    Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.

·       The entire interval sampled is collected and delivered to the laboratory. Care is taken with the sample collection and handling to ensure that the sample delivered to the laboratory is representative of the interval drilled.

 

·    Whether sample sizes are appropriate to the grain size of the material being sampled.

·       The three-metre drill sample of nominal size is considered large enough to reliably capture the HM, slimes and oversize characteristics of the in-situ material.

·       The 500g sub sample is considered sufficient large to consistently determine the concentration of heavy minerals. The sample size is also considered large enough to assess slimes content and the oversize fraction.

Quality of assay data and laboratory tests

·    The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

·       Sieving is carried out to assess the amount of particles greater than 1mm (oversize) and the amount of material less than 45 microns (slimes).

·       The heavy mineral concentration of each sample is determined by carrying a heavy liquid separation (HLS) using an industry-approved liquid with a density of 2.85g/cm3. The heavy liquid is water-soluble and density is monitored closely.

·       The heavy minerals are separated from the lighter minerals (mainly quartz) by sinking in the heavy liquid medium. The heavy minerals are then separated, washed and weighed.

 

·    For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

·       Not used.

 

·    Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.

·       Field duplicate samples are inserted into each processing batch at a rate of 1:20 samples. External laboratories are also used to analyze the duplicate samples and used as a comparison.

·       Blank samples consisting of either pure quartz sand or the waste light minerals removed from the HLS process are inserted 1:20 samples.

·       Laboratory duplicate samples are inserted randomly in a batch from a sample split prior to HLS.

·       Standard material generated on site, consisting of a low grade, medium grade and high grade samples were homogenized over and extended period to ensure uniformity. Standards were inserted at a rate of 1:20 samples.

·       Light minerals fraction was randomly re-submitted to floating tests way to assess possible remaining trapped heavy minerals content.

Verification of sampling and assaying

·    The verification of significant intersections by either independent or alternative company personnel.

·       Mineral sands drilling involves numerous drill holes over large areas with generally, moderate grade intersections. High grade are sometimes encountered however the intersections are a relatively insignificant part of the overall mineralisation, high grade results are often checked by examining the HM "sinks" from the analysis (the HM resulting from the analysis process is stored for further testing).

 

·    The use of twinned holes.

·       Drill holes were twinned routinely every 20 holes. The initial hole was drilled at the specified location and then the rig was moved no more than 2m from the original hole and drilled and sampled to the same depth.

 

·    Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

·       In the laboratory the data is recorded directly into the in-house LIMS software. Once a week the laboratory data is verified by a database manager who runs QA/QC reports. The drill hole collar, survey and geological logging data was also sent for incorporation into the database. The full data was then returned to the onsite geologists for checking, and then uploaded into a secure Acquire database platform.

·       Data is loaded into relevant software for cross sections to be plotted with THM and slime concentrations and interpreted geology so that the base of mineralisation can be reliably predicted.

 

·    Discuss any adjustment to assay data.

·       No adjustments are made to the assay data for the purposes of public reporting.

Location of data points

·    Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

·    Specification of the grid system used.

·    Quality and adequacy of topographic control.

·       The coordinate of each hole was taken at the time of drilling using a hand held GPS with an accuracy of 5m.

·       The coordinate system is UTM 36S (WGS84)

·       A detailed digital elevation model has been generated for the Ravene area using available high-resolution stereo pairs from satellite data.

·       The vertical accuracy of the data is 0.5m.  

Data spacing and distribution

·    Data spacing for reporting of Exploration Results.

·    Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

·    Whether sample compositing has been applied.

·       Hole spacing is approximately 1000m by 500m at Ravene and have been designed to infill historical drilling on a 1000m by 500m spacing so that an overall drill spacing of 500m by 500m was obtained.

·       Data at Ravene together with historical data is sufficient to establish geological and grade continuity needed for an inferred Mineral Resource estimation.  The current drilling, on a grid of 1000m x 500m  is infilling drilling of historical drilling conducted by Rio Tinto, to obtain a density of 500m x 500m.

·       Samples were composited over an interval of 3m equaling the length of a drill rod.

Orientation of data in relation to geological structure

·    Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

·    If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

·       The mineralisation at Ravene has two trends, the first is the major trend following the general direction of the coast line. The second trend is dictated by dune morphology.

·       The drill holes are arranged along lines that are oriented perpendicular to the major coastal trend, and the orientation and 500m x 500m spacing of holes is considered effective and unbiased in testing the mineralisation.

Sample security

·    The measures taken to ensure sample security.

·       Chain of custody is managed by Savannah. Samples are stored on site in a locked yard.  Check samples are then transported to Johannesburg by road freight.  Savannah personnel have no contact with the samples once they have been dispatched.

·       HM samples are retrieved as necessary when further mineralogical analysis is required.

Audits or reviews

·    The results of any audits or reviews of sampling techniques and data.

·       An audit and review of the sampling techniques and data have been completed by an independent third party who confirmed that they were appropriate and are being conducted to a suitable standard.

 

 

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria

JORC Code explanation

Commentary

Mineral tenement and land tenure status

·    Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

·    The security of the tenure held at the time of reporting along with any known impediments to obtaining a license to operate in the area.

·       The Ravene prospect is located with the exploration permit 566L where Savannah is earning a 51% interest in the Block with the remainder being held by JV partner Rio Tinto.

·       The tenement is subject to a memorandum of understanding (MoU) between Rio Tinto and the Mozambican government. The MoU grants Rio Tinto a right of priority to a mining concession in the area covered by the MoU during its term.

Exploration done by other parties

·    Acknowledgment and appraisal of exploration by other parties.

·       At Ravene, Rio Tinto carried out various field programs from 2000 to 2004, which consisted of sampling using a hand auger and an RC drill program. Interpretation of the field results has been ongoing up to 2013.

Geology

·    Deposit type, geological setting and style of mineralisation.

·       The mineralisation at Ravene is hosted in a sequence of older dune sands that are situated approximately 5km from the present coast line. The general trend of dunes is to the northeast, parallel with the present coast. The dunes themselves are a series of parabolic dunes representing ancient blowouts with mineralisation occurring in both the dune faces and arms of the blowouts. The mineralised dunes, have been mapped as the third in a sequence of older dunes that overlie the fluvial sediments of the Mutamba river. The oldest dunes D1 are characterised by high slimes and a deep red colour and are not present in the Ravene area. The next oldest D2 sands form a basement to the D3 mineralisation seen at Ravene are characterized by a slight colour change, an increase in slimes and lower THM. Overlying the mineralised D3 unit to the east are more recent coastal dunes (D4) that have been blown inland.

Drill hole Information

·    A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:

o easting and northing of the drill hole collar

o elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar

o dip and azimuth of the hole

o down hole length and interception depth

o hole length.

·    If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

·       The location of the drilling at Ravene is summarised in the body of this release.

·       Previously completed holes by Rio Tinto are not all reported in this release.

·       All holes completed in this program by Savannah have been reported in this release.

Data aggregation methods

·    In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.

·    Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

·    The assumptions used for any reporting of metal equivalent values should be clearly stated.

·       No assays were reported as part of this release as results are still pending

 

Relationship between mineralisation widths and intercept lengths

·    These relationships are particularly important in the reporting of Exploration Results.

·    If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

·    If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known').

·       Exploration results are reported as length weighted averages.

·       No high grade cuts have been applied to the reporting of the exploration results.

·       No metal equivalent values have been used.

·       The drill holes are vertical and the mineralisation is sub vertical.

Diagrams

·    Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

·       Relevant diagrams and maps have been included in the main body of the release.

Balanced reporting

·    Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

·       All results have been reported.

Other substantive exploration data

·    Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.

·       The interpretation of the results at Ravene are consistent with the observations and information obtained from historical data collected.

Further work

·    The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).

·    Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

·       No further drilling is planned with recent drilling to be incorporated into a mineral resource estimate when they become available

Appendix 1. Drill hole collar summary (Datum : UTM36, all holes were vertical)

HoleID

HoleType

Prospect

UTM_East

UTM_North

RL

Depth

Company

4892

RC_NQ

Ravene

748531

7333197

70.1

20.5

Savannah Resources

4893

RC_NQ

Ravene

748939

7332908

55.8

21

Savannah Resources

4896

RC_NQ

Ravene

749210

7331535

68.9

33

Savannah Resources

4897

RC_NQ

Ravene

749549

7331324

59.4

18

Savannah Resources

4898

RC_NQ

Ravene

748788

7331803

72.5

33

Savannah Resources

4899

RC_NQ

Ravene

748383

7332080

76.2

45

Savannah Resources

4900

RC_NQ

Ravene

747962

7332359

85.6

21

Savannah Resources

4901

RC_NQ

Ravene

747965

7332364

85.4

21

Savannah Resources

4902

RC_NQ

Ravene

747531

7332653

54.8

30

Savannah Resources

4903

RC_NQ

Ravene

747136

7332917

33.4

12

Savannah Resources

4904

RC_NQ

Ravene

746991

7331810

29.8

12

Savannah Resources

4905

RC_NQ

Ravene

747406

7331529

37.1

21

Savannah Resources

4906

RC_NQ

Ravene

747821

7331252

73.2

48

Savannah Resources

4907

RC_NQ

Ravene

748232

7330956

52.6

24

Savannah Resources

4908

RC_NQ

Ravene

748666

7330679

89.6

45

Savannah Resources

4909

RC_NQ

Ravene

749060

7330405

74.6

21

Savannah Resources

4910

RC_NQ

Ravene

748502

7329581

63.9

42

Savannah Resources

4911

RC_NQ

Ravene

748085

7329859

69.5

18

Savannah Resources

4912

RC_NQ

Ravene

747665

7330145

88.4

57

Savannah Resources

4913

RC_NQ

Ravene

747261

7330421

66.5

18

Savannah Resources

4914

RC_NQ

Ravene

746849

7330699

54.2

18

Savannah Resources

4915

RC_NQ

Ravene

746702

7329588

68.2

36

Savannah Resources

4916

RC_NQ

Ravene

747115

7329313

49.5

15

Savannah Resources

4917

RC_NQ

Ravene

747532

7329030

74

57

Savannah Resources

4918

RC_NQ

Ravene

747798

7327643

52.7

21

Savannah Resources

4919

RC_NQ

Ravene

747387

7327923

81.6

30

Savannah Resources

4920

RC_NQ

Ravene

746919

7328163

67.7

33

Savannah Resources

4921

RC_NQ

Ravene

746560

7328481

71

39

Savannah Resources

4922

RC_NQ

Ravene

746142

7328760

46.9

18

Savannah Resources

4923

RC_NQ

Ravene

746136

7328760

45.9

18

Savannah Resources

4924

RC_NQ

Ravene

746408

7327378

51.8

12

Savannah Resources

4925

RC_NQ

Ravene

746836

7327107

74.4

45

Savannah Resources

4926

RC_NQ

Ravene

747235

7326818

86.1

48

Savannah Resources

4927

RC_NQ

Ravene

747654

7326547

62.9

45

Savannah Resources

4928

RC_NQ

Ravene

748057

7326268

48.6

12

Savannah Resources

4929

RC_NQ

Ravene

746698

7325991

67.3

42

Savannah Resources

4930

RC_NQ

Ravene

746266

7326260

52.5

27

Savannah Resources

4931

RC_NQ

Ravene

745848

7326558

39.3

15

Savannah Resources

4932

RC_NQ

Ravene

747096

7325706

86.5

48

Savannah Resources

4933

RC_NQ

Ravene

747510

7325429

68.4

24

Savannah Resources

4934

RC_NQ

Ravene

747915

7325179

37.1

33

Savannah Resources

4935

RC_NQ

Ravene

748358

7324878

16.4

12

Savannah Resources

4936

RC_NQ

Ravene

748068

7324492

13.5

21

Savannah Resources

4937

RC_NQ

Ravene

747630

7324828

50.3

42

Savannah Resources

4938

RC_NQ

Ravene

747790

7324030

18

30

Savannah Resources

4939

RC_NQ

Ravene

747367

7324319

55.3

51

Savannah Resources

4940

RC_NQ

Ravene

746950

7324611

63.3

51

Savannah Resources

4941

RC_NQ

Ravene

746955

7324615

62.5

51

Savannah Resources

4942

RC_NQ

Ravene

745291

7325698

47.9

24

Savannah Resources

4943

RC_NQ

Ravene

745706

7325438

36

21

Savannah Resources

4944

RC_NQ

Ravene

746120

7325159

76.6

42

Savannah Resources

4945

RC_NQ

Ravene

746539

7324877

79.6

54

Savannah Resources

4946

RC_NQ

Ravene

745557

7324337

66.4

39

Savannah Resources

4947

RC_NQ

Ravene

745188

7324614

67.7

18

Savannah Resources

4948

RC_NQ

Ravene

744938

7324235

34.2

18

Savannah Resources

4949

RC_NQ

Ravene

745269

7324010

42.9

18

Savannah Resources

4950

RC_NQ

Ravene

744629

7323792

34.7

12

Savannah Resources

4951

RC_NQ

Ravene

744962

7323570

58.4

24

Savannah Resources

4952

RC_NQ

Ravene

744571

7320159

54.9

24

Savannah Resources

4953

RC_NQ

Ravene

744883

7319994

30.6

14

Savannah Resources

4954

RC_NQ

Ravene

744158

7320451

74.3

46

Savannah Resources

4955

RC_NQ

Ravene

743755

7320728

45.3

18

Savannah Resources

4956

RC_NQ

Ravene

743169

7319923

62.9

18

Savannah Resources

4957

RC_NQ

Ravene

743599

7319619

71.9

28

Savannah Resources

4958

RC_NQ

Ravene

743998

7319365

84.8

18

Savannah Resources

4959

RC_NQ

Ravene

744456

7319107

52.6

30

Savannah Resources

4960

RC_NQ

Ravene

744799

7318809

32.1

15

Savannah Resources

4961

RC_NQ

Ravene

744799

7318805

31.7

15

Savannah Resources

4962

RC_NQ

Ravene

744268

7317985

38.9

16

Savannah Resources

4963

RC_NQ

Ravene

743795

7318291

79.2

18

Savannah Resources

4964

RC_NQ

Ravene

743035

7318805

68.3

15

Savannah Resources

4965

RC_NQ

Ravene

743503

7318613

92.4

21

Savannah Resources

4966

RC_NQ

Ravene

742890

7317686

72.2

18

Savannah Resources

4967

RC_NQ

Ravene

743286

7317335

79.5

24

Savannah Resources

4968

RC_NQ

Ravene

744163

7316902

25.5

24

Savannah Resources

4969

RC_NQ

Ravene

743732

7317119

57.9

24

Savannah Resources

4970

RC_NQ

Ravene

742728

7316601

74.9

18

Savannah Resources

4971

RC_NQ

Ravene

743162

7316296

56.9

18

Savannah Resources

4972

RC_NQ

Ravene

742205

7315768

78.6

18

Savannah Resources

4973

RC_NQ

Ravene

741766

7316041

73

33

Savannah Resources

4974

RC_NQ

Ravene

741357

7316308

64.4

30

Savannah Resources

4975

RC_NQ

Ravene

740914

7316578

51.8

18

Savannah Resources

4976

RC_NQ

Ravene

740776

7316160

60.3

18

Savannah Resources

4977

RC_NQ

Ravene

740389

7315761

64.6

18

Savannah Resources

4978

RC_NQ

Ravene

740794

7315480

73.4

18

Savannah Resources

4979

RC_NQ

Ravene

741210

7315201

98.3

42

Savannah Resources

4980

RC_NQ

Ravene

741637

7314859

52.6

18

Savannah Resources

4981

RC_NQ

Ravene

741072

7314079

71.7

18

Savannah Resources

4982

RC_NQ

Ravene

740632

7314392

98.3

33

Savannah Resources

4983

RC_NQ

Ravene

740630

7314389

98.4

33

Savannah Resources

4984

RC_NQ

Ravene

740247

7314645

52.9

18

Savannah Resources

4985

RC_NQ

Ravene

739411

7314190

74

18

Savannah Resources

4986

RC_NQ

Ravene

739780

7313895

117.9

27

Savannah Resources

4987

RC_NQ

Ravene

740506

7314047

95.5

24

Savannah Resources

4988

RC_NQ

Ravene

740969

7313832

51

27

Savannah Resources

4998

RC_NQ

Ravene

741209

7316083

84.3

48

Savannah Resources

4999

RC_NQ

Ravene

741802

7315846

71

24

Savannah Resources

5000

RC_NQ

Ravene

743473

7317297

82.7

33

Savannah Resources

5001

RC_NQ

Ravene

743476

7317293

82.6

33

Savannah Resources

5002

RC_NQ

Ravene

743497

7318843

88.4

18

Savannah Resources

5003

RC_NQ

Ravene

744328

7320835

64

42

Savannah Resources

5004

RC_NQ

Ravene

749384

7332328

74.7

21

Savannah Resources

5005

RC_NQ

Ravene

749335

7332612

63.6

18

Savannah Resources

5006

RC_NQ

Ravene

748118

7333475

77.5

24

Savannah Resources

5007

RC_NQ

Ravene

748192

7333889

68.2

39

Savannah Resources

5008

RC_NQ

Ravene

748752

7334183

84.4

24

Savannah Resources

5009

RC_NQ

Ravene

737906

7314524

77.3

33

Savannah Resources

2583

RC_NQ

Ravene

737421

7314847

145

54

Rio Tinto

2584

RC_NQ

Ravene

736999

7315092

111

30

Rio Tinto

2585

RC_NQ

Ravene

738275

7315325

110

33

Rio Tinto

2586

RC_NQ

Ravene

737935

7315676

108

36

Rio Tinto

2587

RC_NQ

Ravene

737576

7315984

105

36

Rio Tinto

2588

RC_NQ

Ravene

739338

7315919

121

45

Rio Tinto

2589

RC_NQ

Ravene

739740

7315640

96

51

Rio Tinto

2590

RC_NQ

Ravene

740991

7314817

75

51

Rio Tinto

2591

RC_NQ

Ravene

741403

7314544

99

51

Rio Tinto

2592

RC_NQ

Ravene

741187

7315886

68

42

Rio Tinto

2593

RC_NQ

Ravene

741557

7315639

100

57

Rio Tinto

2594

RC_NQ

Ravene

741976

7315353

77

48

Rio Tinto

2595

RC_NQ

Ravene

742404

7315099

92

45

Rio Tinto

2596

RC_NQ

Ravene

742649

7314922

26

39

Rio Tinto

2597

RC_NQ

Ravene

743161

7315824

11

30

Rio Tinto

2598

RC_NQ

Ravene

743911

7316470

9

24

Rio Tinto

2599

RC_NQ

Ravene

744891

7320619

6

21

Rio Tinto

2600

RC_NQ

Ravene

744761

7319508

70

39

Rio Tinto

2700

RC_NQ

Ravene

744332

7319783

40

54

Rio Tinto

2701

RC_NQ

Ravene

743909

7320069

70

54

Rio Tinto

2702

RC_NQ

Ravene

743795

7318974

84

56

Rio Tinto

2706

RC_NQ

Ravene

744207

7318677

98

63

Rio Tinto

2707

RC_NQ

Ravene

744608

7318427

65

51

Rio Tinto

2708

RC_NQ

Ravene

744503

7317271

27

45

Rio Tinto

2709

RC_NQ

Ravene

744034

7317583

29

42

Rio Tinto

2710

RC_NQ

Ravene

743706

7317862

54

33

Rio Tinto

2711

RC_NQ

Ravene

743246

7318118

86

54

Rio Tinto

2712

RC_NQ

Ravene

742947

7319504

67

30

Rio Tinto

2714

RC_NQ

Ravene

743388

7319259

75

27

Rio Tinto

2715

RC_NQ

Ravene

743496

7320360

67

30

Rio Tinto

2716

RC_NQ

Ravene

743109

7317058

55

30

Rio Tinto

2718

RC_NQ

Ravene

743423

7316733

73

30

Rio Tinto

2719

RC_NQ

Ravene

743236

7316845

58

42

Rio Tinto

2720

RC_NQ

Ravene

741675

7316757

79

36

Rio Tinto

2721

RC_NQ

Ravene

742104

7316477

47

30

Rio Tinto

2722

RC_NQ

Ravene

742516

7316184

50

33

Rio Tinto

2723

RC_NQ

Ravene

742969

7315879

70

69

Rio Tinto

2724

RC_NQ

Ravene

742766

7316039

36

42

Rio Tinto

2725

RC_NQ

Ravene

740134

7315379

60

30

Rio Tinto

2727

RC_NQ

Ravene

740585

7315071

73

60

Rio Tinto

2728

RC_NQ

Ravene

739605

7314551

69

45

Rio Tinto

2729

RC_NQ

Ravene

738209

7314286

77

48

Rio Tinto

2738

RC_NQ

Ravene

740065

7314315

110

51

Rio Tinto

2739

RC_NQ

Ravene

738607

7313985

82

45

Rio Tinto

2740

RC_NQ

Ravene

739169

7314841

86

60

Rio Tinto

2741

RC_NQ

Ravene

738789

7315099

79

45

Rio Tinto

2742

RC_NQ

Ravene

743687

7321448

92

45

Rio Tinto

2743

RC_NQ

Ravene

744071

7321159

49

30

Rio Tinto

2744

RC_NQ

Ravene

744509

7320898

46

30

Rio Tinto

2745

RC_NQ

Ravene

744233

7322287

50

45

Rio Tinto

2746

RC_NQ

Ravene

744660

7322007

30

24

Rio Tinto

2747

RC_NQ

Ravene

744369

7323398

27

27

Rio Tinto

2748

RC_NQ

Ravene

744773

7323131

29

30

Rio Tinto

2749

RC_NQ

Ravene

745064

7325330

41

27

Rio Tinto

2750

RC_NQ

Ravene

745494

7325059

50

33

Rio Tinto

2751

RC_NQ

Ravene

745907

7324777

55

42

Rio Tinto

2752

RC_NQ

Ravene

746357

7324598

67

42

Rio Tinto

2753

RC_NQ

Ravene

746847

7324342

70

39

Rio Tinto

2754

RC_NQ

Ravene

745615

7326172

77

48

Rio Tinto

2755

RC_NQ

Ravene

745984

7325899

38

30

Rio Tinto

2756

RC_NQ

Ravene

746479

7325595

50

33

Rio Tinto

2757

RC_NQ

Ravene

746874

7325307

70

51

Rio Tinto

2758

RC_NQ

Ravene

747426

7326163

68

39

Rio Tinto

2759

RC_NQ

Ravene

747861

7325870

84

42

Rio Tinto

2760

RC_NQ

Ravene

747314

7325076

60

36

Rio Tinto

2761

RC_NQ

Ravene

747005

7326396

80

54

Rio Tinto

2762

RC_NQ

Ravene

746622

7326721

92

54

Rio Tinto

2763

RC_NQ

Ravene

746181

7326985

46

33

Rio Tinto

2764

RC_NQ

Ravene

744547

7324504

43

33

Rio Tinto

2773

RC_NQ

Ravene

744670

7325613

58

51

Rio Tinto

2774

RC_NQ

Ravene

745197

7326438

76

51

Rio Tinto

2775

RC_NQ

Ravene

748422

7326689

40

30

Rio Tinto

2777

RC_NQ

Ravene

747994

7326978

38

42

Rio Tinto

2778

RC_NQ

Ravene

747586

7327275

51

42

Rio Tinto

2779

RC_NQ

Ravene

747141

7327598

64

39

Rio Tinto

2780

RC_NQ

Ravene

746762

7327829

80

69

Rio Tinto

2781

RC_NQ

Ravene

746326

7328121

67

48

Rio Tinto

2782

RC_NQ

Ravene

746481

7329215

55

36

Rio Tinto

2784

RC_NQ

Ravene

746901

7328928

46

33

Rio Tinto

2785

RC_NQ

Ravene

747301

7328661

74

51

Rio Tinto

2786

RC_NQ

Ravene

747709

7328371

65

48

Rio Tinto

2787

RC_NQ

Ravene

748130

7328106

61

45

Rio Tinto

2788

RC_NQ

Ravene

749111

7328643

43

45

Rio Tinto

2790

RC_NQ

Ravene

748711

7328902

36

33

Rio Tinto

2791

RC_NQ

Ravene

748282

7329192

45

33

Rio Tinto

2792

RC_NQ

Ravene

747871

7329469

53

54

Rio Tinto

2793

RC_NQ

Ravene

747484

7329750

74

66

Rio Tinto

2794

RC_NQ

Ravene

747037

7330022

76

66

Rio Tinto

2795

RC_NQ

Ravene

746625

7330331

58

33

Rio Tinto

2796

RC_NQ

Ravene

747181

7331162

47

33

Rio Tinto

2797

RC_NQ

Ravene

747601

7330867

43

30

Rio Tinto

2798

RC_NQ

Ravene

748015

7330591

87

69

Rio Tinto

2799

RC_NQ

Ravene

748439

7330323

71

66

Rio Tinto

2800

RC_NQ

Ravene

748891

7330063

69

57

Rio Tinto

2801

RC_NQ

Ravene

749228

7329760

59

36

Rio Tinto

2802

RC_NQ

Ravene

749387

7330868

49

33

Rio Tinto

2803

RC_NQ

Ravene

748997

7331147

57

48

Rio Tinto

2804

RC_NQ

Ravene

748555

7331367

81

45

Rio Tinto

2805

RC_NQ

Ravene

748158

7331704

97

69

Rio Tinto

2806

RC_NQ

Ravene

747737

7331973

101

54

Rio Tinto

2807

RC_NQ

Ravene

747297

7332263

70

54

Rio Tinto

2808

RC_NQ

Ravene

747471

7333391

39

30

Rio Tinto

2809

RC_NQ

Ravene

747885

7333089

53

30

Rio Tinto

2810

RC_NQ

Ravene

748328

7332826

91

51

Rio Tinto

2811

RC_NQ

Ravene

748714

7332522

72

51

Rio Tinto

2812

RC_NQ

Ravene

749137

7332255

70

39

Rio Tinto

2813

RC_NQ

Ravene

749499

7331980

55

48

Rio Tinto

2814

RC_NQ

Ravene

750027

7332828

57

51

Rio Tinto

2815

RC_NQ

Ravene

749693

7333077

57

39

Rio Tinto

2816

RC_NQ

Ravene

749266

7333352

54

45

Rio Tinto

2817

RC_NQ

Ravene

748834

7333642

28

27

Rio Tinto

2818

RC_NQ

Ravene

748414

7333897

73

42

Rio Tinto

2819

RC_NQ

Ravene

748030

7334192

62

33

Rio Tinto

2820

RC_NQ

Ravene

737109

7314359

76

33

Rio Tinto

3296

RC_NQ

Ravene

737568

7314325

104

48

Rio Tinto

3297

RC_NQ

Ravene

736634

7315294

105

36

Rio Tinto

3307

RC_NQ

Ravene

737085

7315309

112

30

Rio Tinto

3308

RC_NQ

Ravene

737593

7315300

125

30

Rio Tinto

3309

RC_NQ

Ravene

737593

7315300

129

33

Rio Tinto

 

  

Appendix 2. Average total heavy minerals from drill holes with a greater than 3% THM supported cut off.

HoleID

Prospect1

From

To

Ave THM %

Company

4896

Ravene

0

21

4.3

Savannah Resources

4898

Ravene

0

9

3.1

Savannah Resources

4899

Ravene

0

36

3.4

Savannah Resources

4902

Ravene

0

18

3.6

Savannah Resources

4906

Ravene

0

36

3.4

Savannah Resources

4908

Ravene

0

36

3.2

Savannah Resources

4909

Ravene

0

6

3.6

Savannah Resources

4910

Ravene

0

18

3.4

Savannah Resources

4912

Ravene

0

33

3.4

Savannah Resources

4914

Ravene

0

9

3.0

Savannah Resources

4915

Ravene

0

6

4.0

Savannah Resources

4920

Ravene

0

15

3.4

Savannah Resources

4921

Ravene

0

27

3.6

Savannah Resources

4925

Ravene

0

27

4.5

Savannah Resources

4926

Ravene

0

33

4.1

Savannah Resources

4927

Ravene

0

24

3.1

Savannah Resources

4929

Ravene

0

15

4.3

Savannah Resources

4930

Ravene

0

18

4.1

Savannah Resources

4932

Ravene

0

39

6.2

Savannah Resources

4939

Ravene

0

33

4.9

Savannah Resources

4940

Ravene

0

18

5.7

Savannah Resources

4944

Ravene

0

36

5.0

Savannah Resources

4945

Ravene

0

21

7.0

Savannah Resources

4946

Ravene

0

27

7.1

Savannah Resources

4949

Ravene

0

6

4.3

Savannah Resources

4951

Ravene

0

15

3.7

Savannah Resources

4952

Ravene

0

15

7.7

Savannah Resources

4954

Ravene

0

42

5.9

Savannah Resources

4957

Ravene

0

24

5.7

Savannah Resources

4958

Ravene

0

6

3.2

Savannah Resources

4959

Ravene

0

21

3.8

Savannah Resources

4965

Ravene

0

15

3.0

Savannah Resources

4967

Ravene

0

12

4.6

Savannah Resources

4969

Ravene

0

9

3.2

Savannah Resources

4973

Ravene

0

18

3.9

Savannah Resources

4974

Ravene

0

18

3.8

Savannah Resources

4979

Ravene

0

36

6.4

Savannah Resources

4982

Ravene

0

24

3.9

Savannah Resources

4987

Ravene

0

9

4.6

Savannah Resources

4998

Ravene

0

39

6.1

Savannah Resources

5000

Ravene

0

27

6.7

Savannah Resources

5002

Ravene

0

6

3.1

Savannah Resources

5003

Ravene

0

36

5.4

Savannah Resources

5004

Ravene

0

9

4.6

Savannah Resources

5007

Ravene

0

18

4.0

Savannah Resources

5009

Ravene

0

24

4.6

Savannah Resources

2583

Ravene

0

42

3.9

Rio Tinto

2591

Ravene

0

33

6.0

Rio Tinto

2592

Ravene

0

9

3.4

Rio Tinto

2593

Ravene

0

48

7.5

Rio Tinto

2594

Ravene

0

27

3.5

Rio Tinto

2598

Ravene

0

18

3.7

Rio Tinto

2700

Ravene

0

51

3.5

Rio Tinto

2701

Ravene

0

39

3.8

Rio Tinto

2702

Ravene

0

45

5.6

Rio Tinto

2706

Ravene

0

51

5.5

Rio Tinto

2710

Ravene

0

9

3.6

Rio Tinto

2711

Ravene

0

27

5.5

Rio Tinto

2720

Ravene

0

9

5.6

Rio Tinto

2724

Ravene

0

12

6.1

Rio Tinto

2738

Ravene

0

21

4.5

Rio Tinto

2750

Ravene

0

6

6.7

Rio Tinto

2751

Ravene

0

12

4.9

Rio Tinto

2752

Ravene

0

30

4.3

Rio Tinto

2753

Ravene

0

21

4.8

Rio Tinto

2754

Ravene

0

36

4.4

Rio Tinto

2756

Ravene

0

15

3.0

Rio Tinto

2757

Ravene

0

39

5.5

Rio Tinto

2758

Ravene

0

24

5.5

Rio Tinto

2759

Ravene

0

6

3.4

Rio Tinto

2761

Ravene

0

33

3.7

Rio Tinto

2762

Ravene

0

30

8.3

Rio Tinto

2780

Ravene

0

63

5.4

Rio Tinto

2781

Ravene

0

21

5.4

Rio Tinto

2785

Ravene

0

33

4.6

Rio Tinto

2786

Ravene

0

6

3.0

Rio Tinto

2788

Ravene

0

33

3.0

Rio Tinto

2792

Ravene

0

6

3.2

Rio Tinto

2794

Ravene

0

12

4.4

Rio Tinto

2795

Ravene

0

15

5.0

Rio Tinto

2797

Ravene

0

9

3.0

Rio Tinto

2798

Ravene

0

54

4.6

Rio Tinto

2799

Ravene

0

42

3.6

Rio Tinto

2800

Ravene

0

51

4.8

Rio Tinto

2801

Ravene

0

12

4.4

Rio Tinto

2803

Ravene

0

9

4.4

Rio Tinto

2805

Ravene

0

63

4.9

Rio Tinto

2806

Ravene

0

33

4.0

Rio Tinto

2807

Ravene

0

33

6.5

Rio Tinto

2810

Ravene

0

39

3.0

Rio Tinto

2811

Ravene

0

24

5.9

Rio Tinto

2812

Ravene

0

24

7.4

Rio Tinto

2813

Ravene

0

27

4.5

Rio Tinto

2814

Ravene

0

12

4.5

Rio Tinto

2815

Ravene

0

21

3.4

Rio Tinto

2818

Ravene

0

27

4.1

Rio Tinto

2820

Ravene

0

12

3.6

Rio Tinto

3307

Ravene

0

18

3.1

Rio Tinto

3308

Ravene

0

18

3.6

Rio Tinto

 

 

 

Appendix 3. Average total heavy minerals from drill holes with a greater than 5% THM supported cut off

HoleID

Prospect

From

To

Average THM %

Company

4925

Ravene

0

6

6.7

Savannah Resources

4932

Ravene

0

36

6.5

Savannah Resources

4939

Ravene

0

30

5.1

Savannah Resources

4940

Ravene

0

15

6.1

Savannah Resources

4944

Ravene

0

21

6.3

Savannah Resources

4945

Ravene

0

15

8.1

Savannah Resources

4946

Ravene

0

27

7.1

Savannah Resources

4952

Ravene

0

12

8.7

Savannah Resources

4954

Ravene

0

33

6.3

Savannah Resources

4957

Ravene

0

21

5.9

Savannah Resources

4967

Ravene

0

6

5.1

Savannah Resources

4979

Ravene

0

33

6.7

Savannah Resources

4998

Ravene

0

39

6.1

Savannah Resources

5000

Ravene

0

12

10.5

Savannah Resources

5003

Ravene

0

24

6.2

Savannah Resources

5004

Ravene

0

3

5.3

Savannah Resources

2591

Ravene

0

30

6.3

Rio Tinto

2593

Ravene

0

45

7.7

Rio Tinto

2702

Ravene

0

42

5.8

Rio Tinto

2706

Ravene

0

48

5.6

Rio Tinto

2711

Ravene

0

27

5.5

Rio Tinto

2720

Ravene

0

9

5.6

Rio Tinto

2724

Ravene

0

9

7.0

Rio Tinto

2738

Ravene

0

6

5.1

Rio Tinto

2750

Ravene

0

6

6.7

Rio Tinto

2753

Ravene

0

12

6.0

Rio Tinto

2757

Ravene

0

27

6.4

Rio Tinto

2758

Ravene

0

21

5.6

Rio Tinto

2761

Ravene

0

6

6.3

Rio Tinto

2762

Ravene

0

12

15.4

Rio Tinto

2780

Ravene

0

63

5.4

Rio Tinto

2781

Ravene

0

12

5.7

Rio Tinto

2785

Ravene

0

15

5.4

Rio Tinto

2794

Ravene

0

6

5.0

Rio Tinto

2795

Ravene

0

15

5.0

Rio Tinto

2798

Ravene

0

21

6.5

Rio Tinto

2800

Ravene

0

30

5.9

Rio Tinto

2805

Ravene

0

51

5.2

Rio Tinto

2807

Ravene

0

18

9.1

Rio Tinto

2811

Ravene

0

18

6.6

Rio Tinto

2812

Ravene

0

21

7.9

Rio Tinto

2814

Ravene

0

3

5.1

Rio Tinto

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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