{"id":1154403,"date":"2019-12-09T06:45:14","date_gmt":"2019-12-09T12:45:14","guid":{"rendered":"https:\/\/www.mining.com\/?p=1008761"},"modified":"2019-12-09T06:45:14","modified_gmt":"2019-12-09T12:45:14","slug":"savannah-resources-secures-first-of-three-mining-licences-for-mozambique-project","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1154403","title":{"rendered":"Savannah Resources secures first of three mining licences for Mozambique project"},"content":{"rendered":"<p>Multi-commodity developer&nbsp;Savannah Resources (AIM:SAV)&nbsp;<a href=\"http:\/\/www.savannahresources.com\/cms\/wp-content\/uploads\/2019\/12\/Mining-Concession-Issued-for-the-Mutamba-Heavy-Mineral-Sands-Project-Mozambique.pdf\"  rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">said on Monday<\/a> that its subsidiary in Mozambique had secured a mining licence for the Mutamba heavy minerals sands project from the country\u2019s government.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The London-based company, which operates the Mutamba project in a joint venture with Rio Tinto (ASX, LON, NYSE: RIO), said the permit was the first of three contiguous concessions to be issued, which will result in the full tenement permitting of Mutamba.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>Licence covers 11,948 hectares and is valid to April 2044, with the possibility of an additional 25-year extension.<\/p>\n<\/blockquote>\n<\/figure>\n<p>The licence covers 11,948 hectares and is valid to April<br \/>\n2044, with the possibility of an additional 25-year extension.<\/p>\n<p>Savannah currently holds a 20% interest in the project, through<br \/>\nMatilda Minerals, but can increase its stake to 35% upon delivery of a<br \/>\npre-feasibility study and ultimately to 51% upon delivery of a feasibility<br \/>\nstudy. <\/p>\n<p>The project contains an indicated and inferred mineral<br \/>\nresource of 4.4 billion tonnes, grading 3.9% total heavy minerals.<\/p>\n<p>The news comes as the company <a href=\"https:\/\/www.mining.com\/savannah-resources-to-extract-quartz-glass-making-ceramic-at-lithium-mine-in-portugal\/\"  rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">gears up to start commercial lithium production<\/a> in northern Portugal in 2021.<\/p>\n<p>Mina do Barroso, arguably one of the most advanced lithium<br \/>\nmining concessions in Europe, is expected to become the continent\u2019s first<br \/>\nsignificant producer of spodumene, a hard-rock form of lithium.<\/p>\n<p>Savannah, which acquired a majority stake in the project in<br \/>\nMay 2017, has maintained a&nbsp;<a href=\"https:\/\/mining.com\/savannah-resources-enters-lithium-race-europe\/\"  rel=\"noreferrer noopener\">fast paced development approach<\/a>&nbsp;since.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The miner, which operates the Mutamba project in a joint venture with Rio Tinto, says permit is valid to April 2044.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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