MRG SECURES OPTION TO ACQUIRE SAVANNAH RESOURCES PLC OWNED
Original announcement by research on
- Company
- Savannah Resources plc
- Ticker
- SAV
- Exchange
- LSE
- Region
- Mozambique
- Primary commodity
- Heavy minerals
- Secondary commodities
- Ilmenite, Rutile, Zircon, Titanomagnetite
- Document categories
- Agreement transaction, Resource update, Other, Metallurgy
- Extracted
- 2026-11-11 14:40:56 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
MRG Metals announced a binding heads of agreement to enter an option with Savannah Resources' subsidiary to acquire the Jangamo Project in Mozambique. The release also restates the project's historical JORC resource and mineralogy, but those figures are background to the transaction rather than new results. It describes due diligence, a planned work program, and option terms including cash/share consideration and a royalty.
Reasoning: Main current event is MRG's option transaction over Savannah-owned Jangamo, with historical resource/mineralogy details supporting the deal context.
Positive factors
- Binding Heads of Agreement gives MRG an exclusive 45-day due diligence period and a 16-month option period
- The Jangamo Project is described as a 65Mt @ 4.2% Heavy Mineral Sand licence in an already granted Mining Concession
- The announcement includes a stated work program and transaction terms
Negative factors
- The release is primarily a transaction announcement rather than a new technical result
- The resource and mineralogy details are historical background
- The work program and future development timing are contingent on due diligence and option exercise
Rubric flags
- resource_update completeness — If treating the historical resource table as a resource_update, the release contains multiple grade columns and should be extracted with commodity-specific facts for all listed grade fields, not just the headline THM figure.
Facts used in scoring: 12
Classification and evidence
Nearology Playneutral · Story-specific tag
The disclosed value premise relies on proximity to another known deposit rather than the issuer's own results. Mere location or along-strike wording in a release that reports its own drilling does not establish this premise.
Why it applies: The project is positioned as 170km NE from the Corridor Projects and mentions nearby Mutamba development as infrastructure context.
Evidence · text
“The Jangamo Project is located 170km NE”
Cut Off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The historical resource table is explicitly headed as a 2.5% cut-off estimate.
Evidence · text
“Table 1: Resource Table (2.5% Cutoff)”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The release states the resource estimate is JORC 2012 compliant.
Evidence · text
“has a JORC 2012 compliant resource estimate”
Inferred Resourcenegative
A source-reported Inferred Mineral Resource with lower geological confidence than Indicated or Measured. It cannot be converted directly to a reserve or establish the reserve basis of a PFS/FS; applicable early-stage assessments may include it with the required cautions. Negative polarity describes confidence limitations, not proof of a poor deposit.
Why it applies: The resource table reports Jangamo as an Inferred Resource.
Evidence · table
“Jangamo Inferred Resource”
Context: Table 1: Resource Table (2.5% Cutoff)
Historical Estimate Onlynegative
The source explicitly identifies the estimate as historical and not verified as a current resource/reserve under the applicable reporting standard. An old effective date alone does not establish non-compliance; retain any verification and cautionary statements.
Why it applies: The resource and mineralogy figures are restated from prior Savannah/AIM releases rather than announced as new estimates in this document.
Evidence · text
“Refer AIM announcement; Savannah Resources Plc”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a mill_cil route ("concentrator")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Single Domain Onlynegative
The source establishes that the completed programme is limited to one composite or ore domain and representativeness across the relevant material is not established. One extracted sample alone does not prove that the source tested no others.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 12. Some facts used in scoring do not have a stored record.
Resource Estimates (9)
inferredJangamo Project · heavy mineralsTonnes: 65000000Grade: 4.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Jangamo Project
- Commodity
- heavy minerals
- Region
- mozambique
- Reported Region
- Mozambique
- Ticker
- SAV
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:a711504d4fbf36abfc4e
- Deposit or zone
- Jangamo
Resource Data
- Category
- inferred
- Tonnes
- 65000000
- Grade
- 4.2
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2014-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2014-12-31T00:00:00.000Z
Reasoning: Historical JORC inferred resource of 65Mt at 4.2% THM is restated as project background.
Positive factors
- JORC compliant inferred resource is stated for the project
- The resource is sized at 65Mt
Negative factors
- Historical estimate restated in a transaction/background section
- Cut-off grade is disclosed only as a table heading reference, with no new estimate work reported
Evidence · text
“Jangamo Project, a 65Mt @ 4.2% Heavy Mineral Sand”
Tags used in scoring
Inferred Resourcenegative
A source-reported Inferred Mineral Resource with lower geological confidence than Indicated or Measured. It cannot be converted directly to a reserve or establish the reserve basis of a PFS/FS; applicable early-stage assessments may include it with the required cautions. Negative polarity describes confidence limitations, not proof of a poor deposit.
Why it applies: category is "inferred"
Cut Off Undisclosednegative
Reported composited assay intervals omit the cut-off grade used for those intervals. Apply only to actual reported assay intervals in the reviewed scope, not drilling plans or missing extraction fields alone.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
PFS Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
The estimate effective date exceeds the MRE_STALENESS window measured at the document event date. Preserve the actual dates; age alone does not establish non-compliance or a change in the resource.
Why it applies: effective date is 11.9 years before this release
inferredJangamo Project · ilmeniteTonnes: 65000000Grade: 60Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Jangamo Project
- Commodity
- ilmenite
- Region
- mozambique
- Reported Region
- Mozambique
- Ticker
- SAV
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:a711504d4fbf36abfc4e
- Deposit or zone
- Jangamo
Resource Data
- Category
- inferred
- Tonnes
- 65000000
- Grade
- 60
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2014-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2014-12-31T00:00:00.000Z
Reasoning: Ilmenite grade from the historical resource table is restated.
Positive factors
- Ilmenite grade is explicitly disclosed in the resource table
Negative factors
- Historical table restated rather than newly reported
Evidence · table
“Jangamo Inferred Resource 65 4.2 60 2.5 0.083 0.15 2.7 1.6 0.054 0.10”
Context: Table 1: Resource Table (2.5% Cutoff) – Zones / Category / Sand / THM / Ilmenite In HM / Ilmenite In Sand / Rutile In HM / Zr In Sand / HM / Ilm / Rut / Zr
Tags used in scoring
Inferred Resourcenegative
A source-reported Inferred Mineral Resource with lower geological confidence than Indicated or Measured. It cannot be converted directly to a reserve or establish the reserve basis of a PFS/FS; applicable early-stage assessments may include it with the required cautions. Negative polarity describes confidence limitations, not proof of a poor deposit.
Why it applies: category is "inferred"
Cut Off Undisclosednegative
Reported composited assay intervals omit the cut-off grade used for those intervals. Apply only to actual reported assay intervals in the reviewed scope, not drilling plans or missing extraction fields alone.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
PFS Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
The estimate effective date exceeds the MRE_STALENESS window measured at the document event date. Preserve the actual dates; age alone does not establish non-compliance or a change in the resource.
Why it applies: effective date is 11.9 years before this release
inferredJangamo Project · ilmeniteTonnes: 65000000Grade: 2.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Jangamo Project
- Commodity
- ilmenite
- Region
- mozambique
- Reported Region
- Mozambique
- Ticker
- SAV
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:a711504d4fbf36abfc4e
- Deposit or zone
- Jangamo
Resource Data
- Category
- inferred
- Tonnes
- 65000000
- Grade
- 2.5
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2014-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2014-12-31T00:00:00.000Z
Reasoning: Ilmenite in heavy minerals is restated from the historical table.
Positive factors
- Ilmenite in HM is explicitly listed
Negative factors
- Historical resource table
Evidence · table
“Jangamo Inferred Resource 65 4.2 60 2.5 0.083 0.15 2.7 1.6 0.054 0.10”
Context: Table 1: Resource Table (2.5% Cutoff) – Zones / Category / Sand / THM / Ilmenite In HM / Ilmenite In Sand / Rutile In HM / Zr In Sand / HM / Ilm / Rut / Zr
Tags used in scoring
Inferred Resourcenegative
A source-reported Inferred Mineral Resource with lower geological confidence than Indicated or Measured. It cannot be converted directly to a reserve or establish the reserve basis of a PFS/FS; applicable early-stage assessments may include it with the required cautions. Negative polarity describes confidence limitations, not proof of a poor deposit.
Why it applies: category is "inferred"
Cut Off Undisclosednegative
Reported composited assay intervals omit the cut-off grade used for those intervals. Apply only to actual reported assay intervals in the reviewed scope, not drilling plans or missing extraction fields alone.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
PFS Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
The estimate effective date exceeds the MRE_STALENESS window measured at the document event date. Preserve the actual dates; age alone does not establish non-compliance or a change in the resource.
Why it applies: effective date is 11.9 years before this release
inferredJangamo Project · rutileTonnes: 65000000Grade: 0.083Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Jangamo Project
- Commodity
- rutile
- Region
- mozambique
- Reported Region
- Mozambique
- Ticker
- SAV
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:a711504d4fbf36abfc4e
- Deposit or zone
- Jangamo
Resource Data
- Category
- inferred
- Tonnes
- 65000000
- Grade
- 0.083
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2014-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2014-12-31T00:00:00.000Z
Reasoning: Rutile in heavy minerals is restated from the historical resource table.
Positive factors
- Rutile grade is explicitly disclosed
Negative factors
- Historical resource table
Evidence · table
“Jangamo Inferred Resource 65 4.2 60 2.5 0.083 0.15 2.7 1.6 0.054 0.10”
Context: Table 1: Resource Table (2.5% Cutoff) – Zones / Category / Sand / THM / Ilmenite In HM / Ilmenite In Sand / Rutile In HM / Zr In Sand / HM / Ilm / Rut / Zr
Tags used in scoring
Inferred Resourcenegative
A source-reported Inferred Mineral Resource with lower geological confidence than Indicated or Measured. It cannot be converted directly to a reserve or establish the reserve basis of a PFS/FS; applicable early-stage assessments may include it with the required cautions. Negative polarity describes confidence limitations, not proof of a poor deposit.
Why it applies: category is "inferred"
Cut Off Undisclosednegative
Reported composited assay intervals omit the cut-off grade used for those intervals. Apply only to actual reported assay intervals in the reviewed scope, not drilling plans or missing extraction fields alone.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
PFS Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
The estimate effective date exceeds the MRE_STALENESS window measured at the document event date. Preserve the actual dates; age alone does not establish non-compliance or a change in the resource.
Why it applies: effective date is 11.9 years before this release
inferredJangamo Project · rutileTonnes: 65000000Grade: 0.15Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Jangamo Project
- Commodity
- rutile
- Region
- mozambique
- Reported Region
- Mozambique
- Ticker
- SAV
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:a711504d4fbf36abfc4e
- Deposit or zone
- Jangamo
Resource Data
- Category
- inferred
- Tonnes
- 65000000
- Grade
- 0.15
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2014-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2014-12-31T00:00:00.000Z
Reasoning: Rutile in sand is restated from the historical resource table.
Positive factors
- Rutile in sand is explicitly disclosed
Negative factors
- Historical resource table
Evidence · table
“Jangamo Inferred Resource 65 4.2 60 2.5 0.083 0.15 2.7 1.6 0.054 0.10”
Context: Table 1: Resource Table (2.5% Cutoff) – Zones / Category / Sand / THM / Ilmenite In HM / Ilmenite In Sand / Rutile In HM / Zr In Sand / HM / Ilm / Rut / Zr
Tags used in scoring
Inferred Resourcenegative
A source-reported Inferred Mineral Resource with lower geological confidence than Indicated or Measured. It cannot be converted directly to a reserve or establish the reserve basis of a PFS/FS; applicable early-stage assessments may include it with the required cautions. Negative polarity describes confidence limitations, not proof of a poor deposit.
Why it applies: category is "inferred"
Cut Off Undisclosednegative
Reported composited assay intervals omit the cut-off grade used for those intervals. Apply only to actual reported assay intervals in the reviewed scope, not drilling plans or missing extraction fields alone.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
PFS Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
The estimate effective date exceeds the MRE_STALENESS window measured at the document event date. Preserve the actual dates; age alone does not establish non-compliance or a change in the resource.
Why it applies: effective date is 11.9 years before this release
inferredJangamo Project · zirconTonnes: 65000000Grade: 2.7Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Jangamo Project
- Commodity
- zircon
- Region
- mozambique
- Reported Region
- Mozambique
- Ticker
- SAV
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:a711504d4fbf36abfc4e
- Deposit or zone
- Jangamo
Resource Data
- Category
- inferred
- Tonnes
- 65000000
- Grade
- 2.7
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2014-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2014-12-31T00:00:00.000Z
Reasoning: Zircon in heavy minerals is restated from the historical resource table.
Positive factors
- Zircon grade is explicitly disclosed
Negative factors
- Historical resource table
Evidence · table
“Jangamo Inferred Resource 65 4.2 60 2.5 0.083 0.15 2.7 1.6 0.054 0.10”
Context: Table 1: Resource Table (2.5% Cutoff) – Zones / Category / Sand / THM / Ilmenite In HM / Ilmenite In Sand / Rutile In HM / Zr In Sand / HM / Ilm / Rut / Zr
Tags used in scoring
Inferred Resourcenegative
A source-reported Inferred Mineral Resource with lower geological confidence than Indicated or Measured. It cannot be converted directly to a reserve or establish the reserve basis of a PFS/FS; applicable early-stage assessments may include it with the required cautions. Negative polarity describes confidence limitations, not proof of a poor deposit.
Why it applies: category is "inferred"
Cut Off Undisclosednegative
Reported composited assay intervals omit the cut-off grade used for those intervals. Apply only to actual reported assay intervals in the reviewed scope, not drilling plans or missing extraction fields alone.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
PFS Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
The estimate effective date exceeds the MRE_STALENESS window measured at the document event date. Preserve the actual dates; age alone does not establish non-compliance or a change in the resource.
Why it applies: effective date is 11.9 years before this release
inferredJangamo Project · zirconTonnes: 65000000Grade: 1.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Jangamo Project
- Commodity
- zircon
- Region
- mozambique
- Reported Region
- Mozambique
- Ticker
- SAV
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:a711504d4fbf36abfc4e
- Deposit or zone
- Jangamo
Resource Data
- Category
- inferred
- Tonnes
- 65000000
- Grade
- 1.6
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2014-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2014-12-31T00:00:00.000Z
Reasoning: Zircon in sand is restated from the historical resource table.
Positive factors
- Zircon in sand is explicitly disclosed
Negative factors
- Historical resource table
Evidence · table
“Jangamo Inferred Resource 65 4.2 60 2.5 0.083 0.15 2.7 1.6 0.054 0.10”
Context: Table 1: Resource Table (2.5% Cutoff) – Zones / Category / Sand / THM / Ilmenite In HM / Ilmenite In Sand / Rutile In HM / Zr In Sand / HM / Ilm / Rut / Zr
Tags used in scoring
Inferred Resourcenegative
A source-reported Inferred Mineral Resource with lower geological confidence than Indicated or Measured. It cannot be converted directly to a reserve or establish the reserve basis of a PFS/FS; applicable early-stage assessments may include it with the required cautions. Negative polarity describes confidence limitations, not proof of a poor deposit.
Why it applies: category is "inferred"
Cut Off Undisclosednegative
Reported composited assay intervals omit the cut-off grade used for those intervals. Apply only to actual reported assay intervals in the reviewed scope, not drilling plans or missing extraction fields alone.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
PFS Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
The estimate effective date exceeds the MRE_STALENESS window measured at the document event date. Preserve the actual dates; age alone does not establish non-compliance or a change in the resource.
Why it applies: effective date is 11.9 years before this release
inferredJangamo Project · ilmeniteTonnes: 65000000Grade: 0.054Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Jangamo Project
- Commodity
- ilmenite
- Region
- mozambique
- Reported Region
- Mozambique
- Ticker
- SAV
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:a711504d4fbf36abfc4e
- Deposit or zone
- Jangamo
Resource Data
- Category
- inferred
- Tonnes
- 65000000
- Grade
- 0.054
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2014-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2014-12-31T00:00:00.000Z
Reasoning: Contained ilmenite metric from the historical table is restated.
Positive factors
- Contained HM mineralogy is explicitly listed
Negative factors
- Historical resource table
Evidence · table
“Jangamo Inferred Resource 65 4.2 60 2.5 0.083 0.15 2.7 1.6 0.054 0.10”
Context: Table 1: Resource Table (2.5% Cutoff) – Zones / Category / Sand / THM / Ilmenite In HM / Ilmenite In Sand / Rutile In HM / Zr In Sand / HM / Ilm / Rut / Zr
Tags used in scoring
Inferred Resourcenegative
A source-reported Inferred Mineral Resource with lower geological confidence than Indicated or Measured. It cannot be converted directly to a reserve or establish the reserve basis of a PFS/FS; applicable early-stage assessments may include it with the required cautions. Negative polarity describes confidence limitations, not proof of a poor deposit.
Why it applies: category is "inferred"
Cut Off Undisclosednegative
Reported composited assay intervals omit the cut-off grade used for those intervals. Apply only to actual reported assay intervals in the reviewed scope, not drilling plans or missing extraction fields alone.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
PFS Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
The estimate effective date exceeds the MRE_STALENESS window measured at the document event date. Preserve the actual dates; age alone does not establish non-compliance or a change in the resource.
Why it applies: effective date is 11.9 years before this release
inferredJangamo Project · zirconTonnes: 65000000Grade: 0.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Jangamo Project
- Commodity
- zircon
- Region
- mozambique
- Reported Region
- Mozambique
- Ticker
- SAV
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:a711504d4fbf36abfc4e
- Deposit or zone
- Jangamo
Resource Data
- Category
- inferred
- Tonnes
- 65000000
- Grade
- 0.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2014-12-31
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2014-12-31T00:00:00.000Z
Reasoning: Contained zircon metric from the historical table is restated.
Positive factors
- Contained zircon metric is explicitly listed
Negative factors
- Historical resource table
Evidence · table
“Jangamo Inferred Resource 65 4.2 60 2.5 0.083 0.15 2.7 1.6 0.054 0.10”
Context: Table 1: Resource Table (2.5% Cutoff) – Zones / Category / Sand / THM / Ilmenite In HM / Ilmenite In Sand / Rutile In HM / Zr In Sand / HM / Ilm / Rut / Zr
Tags used in scoring
Inferred Resourcenegative
A source-reported Inferred Mineral Resource with lower geological confidence than Indicated or Measured. It cannot be converted directly to a reserve or establish the reserve basis of a PFS/FS; applicable early-stage assessments may include it with the required cautions. Negative polarity describes confidence limitations, not proof of a poor deposit.
Why it applies: category is "inferred"
Cut Off Undisclosednegative
Reported composited assay intervals omit the cut-off grade used for those intervals. Apply only to actual reported assay intervals in the reviewed scope, not drilling plans or missing extraction fields alone.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
PFS Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
The estimate effective date exceeds the MRE_STALENESS window measured at the document event date. Preserve the actual dates; age alone does not establish non-compliance or a change in the resource.
Why it applies: effective date is 11.9 years before this release
Metallurgical Results (3)
bulk sampleJangamo Project · heavy mineralsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Jangamo Project
- Commodity
- heavy minerals
- Region
- mozambique
- Reported Region
- Mozambique
- Ticker
- SAV
Test Work
- Program Status
- scoping
- Test Type
- bulk sample
- Processing Route
- wet gravity separation
- Sample
- JMRC005 and JMRC027 within the MRE areas
Lab
- Laboratory
- Allied Mineral Laboratory
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-08-01T00:00:00.000Z
Reasoning: Historic mineralogical testwork is referenced, but the release provides composition rather than recovery results.
Positive factors
- Bulk sample mineralogical investigations are identified by laboratory
Negative factors
- Results are historical background and no recovery percentages are reported
Evidence · text
“Bulk sample mineralogical investigations were conducted by Allied Mineral Laboratory in Australia”
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
bulk sampleJangamo Project · heavy mineralsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Jangamo Project
- Commodity
- heavy minerals
- Region
- mozambique
- Reported Region
- Mozambique
- Ticker
- SAV
Test Work
- Program Status
- scoping
- Test Type
- bulk sample
- Processing Route
- wet gravity separation
- Sample
- JMRC005 and JMRC027 within the MRE areas
Lab
- Laboratory
- Allied Mineral Laboratory
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-08-01T00:00:00.000Z
Reasoning: Historic mineralogical composition from drillholes JMRC005 and JMRC027 is restated.
Positive factors
- QEMSCAN mineralogy is explicitly stated
Negative factors
- Historical background rather than current test result
Evidence · table
“JRMC005 1.9 58.2 3.1 36.8”
Context: Table 2.8: QEMSCAN HM composition / Sample / Rutile / Ilmenite / Zircon / Others
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
bulk sampleJangamo Project · heavy mineralsHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Jangamo Project
- Commodity
- heavy minerals
- Region
- mozambique
- Reported Region
- Mozambique
- Ticker
- SAV
Test Work
- Program Status
- scoping
- Test Type
- bulk sample
- Processing Route
- wet gravity separation
- Sample
- JMRC005 and JMRC027 within the MRE areas
Lab
- Laboratory
- Allied Mineral Laboratory
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-08-01T00:00:00.000Z
Reasoning: Historic mineralogical composition from drillholes JMRC005 and JMRC027 is restated.
Positive factors
- QEMSCAN mineralogy is explicitly stated
Negative factors
- Historical background rather than current test result
Evidence · table
“JRMC027 1.7 59.9 3.1 35.3”
Context: Table 2.8: QEMSCAN HM composition / Sample / Rutile / Ilmenite / Zircon / Others
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.