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Thu, 14th Jun 2018 08:33
Savannah Resources has completed a scout drilling programme at its Jangamo project in southern Mozambique. The AIM-listed exploration group expects grid drillout to begin in August, which could help define a potential JORC compliant Mineral Resource by the end of the year. Savannah's focus of the
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LONDON (Alliance News) - Savannah Resources PLC said Wednesday that the visual heavy metal sand mineralisation it has seen from the drilling programme at its Jangamo project in southern Mozambique have been "highly encouraging" so far. The company has completed over half of its planned 4,00
Read moreLONDON (Alliance News) - Savannah Resources PLC Friday said it has started a new drilling programme at its Jangamo heavy mineral sands project in Mozambique. AIM-listed Savannah Resources said a 4,000 metre reverse circulation drilling programme is underway to define the prospectivity of Ja
Read moreLONDON (Alliance News) - Savannah Resources PLC Friday said its pretax loss widened in 2013 despite largely flat expenses, as impairment charges hit the company. The minerals exploration and development company, which is yet to post any revenues, said its pretax loss widened to GBP2.0 milli
Read moreLONDON (Alliance News) - Lloyds Banking Group kicked off the first-quarter bank earnings season Thursday, reporting that its pretax profit dropped by a third to GBP1.37 billion after last year was buoyed by gains on the sale of government securities.
However, its un
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.
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FTSE 100 - WINNERS
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Lloyds Banking Group, up 4.8%. The banking group is the biggest riser in the
LONDON (Alliance News) - Savannah Resources PLC saw its shares rise Thursday after it said it had paused drawing down funds from its facility with the Bergen Global Opportunity Fund LP for 30 days due to the general share market conditions for junior resources companies. In a statement, the
Read moreLONDON (Alliance News) - Savannah Resources PLC Thursday said it has received positive results from its ground magnetic survey at the Jangamo heavy mineral sands project in Mozambique. The minerals exploration and development company said the test, which was carried out over anomalous drill
Read moreLONDON (Alliance News) - Savannah Resources PLC Thursday said further testwork has defined high grade zones of heavy minerals at its Jangamo heavy mineral sands project in Mozambique. The minerals exploration and development company said further analysis of samples collected on its 1,812 me
Read moreSavannah Resources' shares rose after saying it has agreed to buy Gentor Resources, which has interests in block five and block six copper projects in the Sultanate of Oman. The group has bought 100% of the subsidiary of Gentor Resources Inc., which has a 65% interest in block five and the right to
Read moreLONDON (Alliance News) - Savannah Resources PLC said Thursday that it had raised USD6.3 million in a private placing to fund its acquisition of interests in the Oman Copper Belt. It will place USD5.9 million in shares, and issue a USD400,000 unsecured convertible instrument to Bergen Global
Read moreLONDON (Alliance News) - Savannah Resources Thursday said it has started a ground magnetic survey at the Jangamo heavy mineral sands project in Mozambique. The minerals exploration and development company said a two-week ground geophysics programme is now underway at Jangamo in order to mor
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