JOHANNESBURG (miningweekly.com) – Aim-listed Savannah Resources has appointed TZMI to undertake the first phase of a prefeasibility study (PFS) at the Mutamba mineral sands project, in Mozambique.
The first phase, which is now under way, will include a gap analysis, options review, project planning and budget finalisation for a second phase of the PFS.
"We're pleased that the first stage of the Mutamba PFS has been contracted to mineral sands expert TZMI. Having completed the scoping study for us, TZMI is well placed to undertake the work and deliver a quick outcome,” Savannah CEO David Archer said in a statement on Wednesday.
The conclusion of a PFS for the project is an important strategic milestone Savannah, as the company will, on completion, hold a 35% interest in the project, which is one of the largest undeveloped mineral sands deposits in the world.
Savannah has entered into a joint venture with Rio Tinto to develop the Mutamba project and has the right to earn up to a 51% interest in the project by meeting certain milestones.