Savannah identifies more heavy minerals in Mozambique
2017-03-30 16:04:07 [Print]
Local media in Mozambique reported on 28 March that Savannah Resources plc (‘Savannah’) completed an initial drill programme at Ravene between 2002 and 2004 with a total of 119 holes and drilled 107 holes recently. Ravene resource estimation has defined estimate of 900Mt at 4.1% Total Heavy Minerals (‘THM’) and the heavy minerals deposit in Mutamba reached to 4.4 billion tons after accumulation, up by 26% from the previous result.
The new Ravene resource includes a high-grade portion of 92Mt at 6.2% THM, which will be a primary focus within the scoping study currently being conducted and to be reviewed by Savannah and Rio Tinton after completed.
Savannah’s CEO, David Archer, stated that the drilling results of Mutamba project proved that Mozambique is an important origin of titanium. And the upward trend in prices of raw materials such as ilmenite and rutile will make the project progress well.
The new Ravene resource includes a high-grade portion of 92Mt at 6.2% THM, which will be a primary focus within the scoping study currently being conducted and to be reviewed by Savannah and Rio Tinton after completed.
Savannah’s CEO, David Archer, stated that the drilling results of Mutamba project proved that Mozambique is an important origin of titanium. And the upward trend in prices of raw materials such as ilmenite and rutile will make the project progress well.
Reduced Ilmenite TiO2 56%min EXW China
Unit:RMB/mt
China titanium dioxide producers' inventory to production ratio statistics by province by month
Unit: %
