# Savannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/savannah-resources-plc-index-aim-epic-sav-sector-mining--32e9d629-8a6a-4881-9415-62c5f7cfee5c Original source: https://www.rns-pdf.londonstockexchange.com/rns/7378Q_-2015-6-19.pdf Publisher: research Original announcement: Unknown date Analysis by Minestarters Atlas Atlas analysis published: 2026-11-04T12:07:05.384Z Atlas analysis updated: 2026-11-04T12:07:05.384Z - Company: Savannah Resources Plc - Ticker: SAV - Exchange: LSE - Region: Mozambique - Primary commodity: Heavy minerals - Secondary commodities: Ilmenite, Rutile, Zircon - Document categories: Agreement transaction, Resource update, Other - Extracted: 2026-11-04 12:07:05 UTC Narrative sentiment: 0.25 · Bullish ## Minestarters Atlas summary Savannah and Rio Tinto agreed to form a conditional joint venture over the Mutamba, Dongane, Chilubane and Jangamo heavy mineral sands projects in Mozambique. Savannah will operate the venture and can earn up to a 51% interest by completing staged work programs and studies. The announcement also restates the Jangamo inferred resource and Rio Tinto's historical exploration target, but it does not present new drill assays or a new resource estimate. Reasoning: The release primarily announces a conditional joint venture and earn-in agreement with Rio Tinto over the Mozambique heavy mineral sands projects. It also restates the existing Jangamo inferred resource and Rio Tinto exploration target, but does not present new technical results. - Positive factor: Conditional joint venture established over adjacent Mutamba, Dongane and Jangamo prospects - Positive factor: Savannah to operate the JV and can earn up to a 51% participating interest - Positive factor: Existing inferred resource of 65Mt at 4.2% THM is brought into a larger project context - Negative factor: Formation is conditional on government approvals - Negative factor: Exploration target is historical and explicitly not updated since 2008 - Negative factor: No new assays, drill results or resource estimate are reported in this announcement - Rubric flag: resource\_update fact schema is not a true fit for a joint-venture announcement — Primary event is agreement\_transaction; historical resource and exploration target are retained as secondary resource facts. Facts used in scoring: 4 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The announcement restates Savannah's maiden Jangamo inferred mineral resource and a historical exploration target. Evidence · text > Savannah announced maiden, 65Mt Inferred Mineral Resource @4.2% total heavy minerals **Historical Estimate Only** Polarity: negative Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling. Why it applies: The exploration target is explicitly described as previously reported in 2008 and not updated since then. Evidence · text > The Exploration Target was previously reported by the Rio Tinto Group in 2008 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: A Competent Person is named and signs off on the exploration information. Evidence · text > Mr Dale Ferguson, Technical Director of Savannah Resources Limited **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The Jangamo resource states a 2.5% cut-off grade. Evidence · text > at a 2.5% cut-off grade for Jangamo ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/savannah-resources-plc-index-aim-epic-sav-sector-mining--32e9d629-8a6a-4881-9415-62c5f7cfee5c#fact-resource-facts-0) Jangamo Historical result Needs review: historical\_restatement #### Identity - Project: Jangamo - Region: mozambique - Reported Region: Mozambique - Ticker: SAV #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: jorc, other - QP Signed: Yes - Qualified person names: Dale Ferguson - Resource group id: resource:d80ac9275613ddb4f3a2 - Deposit or zone: Jangamo - Material type: mixed - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 65000000 - Grade: 4.2 - Grade Unit: % - Cutoff Grade: 2.5 - Cutoff Unit: % #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2014-12-31T00:00:00.000Z Reasoning: The announcement restates Savannah's maiden Jangamo inferred resource of 65Mt at 4.2% THM and explicitly notes it was announced on 31 December 2014. - Positive factor: Maiden inferred mineral resource is explicitly stated - Positive factor: JORC-style competent person sign-off is disclosed - Positive factor: Cut-off grade is disclosed at 2.5% THM - Negative factor: Historical resource restated rather than a new estimate - Negative factor: No updated resource figures are provided in this announcement #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 11.8 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/savannah-resources-plc-index-aim-epic-sav-sector-mining--32e9d629-8a6a-4881-9415-62c5f7cfee5c#fact-resource-facts-1) Jangamo · heavy minerals Historical result Needs review: historical\_restatement #### Identity - Project: Jangamo - Commodity: heavy minerals - Region: mozambique - Reported Region: Mozambique - Ticker: SAV #### Resource scope - Estimate type: resource - Effective date: 2014-12-31T00:00:00.000Z - Reporting standards: jorc, other - QP Signed: Yes - Qualified person names: Dale Ferguson - Resource group id: resource:d80ac9275613ddb4f3a2 - Deposit or zone: Jangamo - Material type: mixed - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 65000000 - Grade: 4.2 - Grade Unit: % - Cutoff Grade: 2.5 - Cutoff Unit: % #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2014-12-31T00:00:00.000Z Reasoning: The announcement restates Savannah's maiden Jangamo inferred resource of 65Mt at 4.2% THM and explicitly notes it was announced on 31 December 2014. - Positive factor: Maiden inferred mineral resource is explicitly stated - Positive factor: JORC-style competent person sign-off is disclosed - Positive factor: Cut-off grade is disclosed at 2.5% THM - Negative factor: Historical resource restated rather than a new estimate - Negative factor: No updated resource figures are provided in this announcement #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 11.8 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/savannah-resources-plc-index-aim-epic-sav-sector-mining--32e9d629-8a6a-4881-9415-62c5f7cfee5c#fact-resource-facts-2) Mozambique HMS · heavy minerals Historical result Needs review: historical\_restatement #### Identity - Project: Mozambique HMS - Commodity: heavy minerals - Region: mozambique - Reported Region: Mozambique - Ticker: SAV #### Resource scope - Estimate type: resource - Effective date: 2008-01-01T00:00:00.000Z - Reporting standards: jorc, other - Resource group id: resource:450a094d682303cee3ee - Deposit or zone: Mozambique HMS - Material type: mixed - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 7000000000 - Grade: 3 - Grade Unit: % #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2008-01-01T00:00:00.000Z Reasoning: The release repeats Rio Tinto's historical Mozambique HMS exploration target of 7-12Bt at 3-4.5% THM and states it was previously reported in 2008 and has not been updated since then. - Positive factor: Exploration target range is explicitly stated - Positive factor: The target is tied to supporting drilling, geophysics, geological studies and metallurgical testwork - Negative factor: Exploration target is historical and explicitly not updated since 2008 - Negative factor: Conceptual target, not a mineral resource - Negative factor: No updated figures or economic study are provided #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 18.8 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/savannah-resources-plc-index-aim-epic-sav-sector-mining--32e9d629-8a6a-4881-9415-62c5f7cfee5c#fact-resource-facts-3) Mozambique HMS · heavy minerals Historical result Needs review: historical\_restatement #### Identity - Project: Mozambique HMS - Commodity: heavy minerals - Region: mozambique - Reported Region: Mozambique - Ticker: SAV #### Resource scope - Estimate type: resource - Effective date: 2008-01-01T00:00:00.000Z - Reporting standards: jorc, other - Resource group id: resource:450a094d682303cee3ee - Deposit or zone: Mozambique HMS - Material type: mixed - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 7000000000 - Grade: 3 - Grade Unit: % #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2008-01-01T00:00:00.000Z Reasoning: The release repeats Rio Tinto's historical Mozambique HMS exploration target of 7-12Bt at 3-4.5% THM and states it was previously reported in 2008 and has not been updated since then. - Positive factor: Exploration target range is explicitly stated - Positive factor: The target is tied to supporting drilling, geophysics, geological studies and metallurgical testwork - Negative factor: Exploration target is historical and explicitly not updated since 2008 - Negative factor: Conceptual target, not a mineral resource - Negative factor: No updated figures or economic study are provided #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 18.8 years before this release ## 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.