Monday, September 28, 2015

Savannah Resources - step by step

Small update on Savannah looking at the new Aarja prospect. Step by Step the team are finding and proving up targets in their large Oman License areas.

I thought it would help investors by seeing the real state of the Aarja mine. Now pretty much a hole in the ground, very little vegetation, a more gentle slow to the NW and steep to the SE.
General thoughts are that it would be exceptional easy to take the shallow slope back and then start extraction of the ore that begins pretty much at surface out of the water, drain the water skimming underneath it. Then extend the pit SE towards Aarja south.

Just imho, but I can see Dogs bone extending closer to the surface, it looks to have a strong gold component as well.

All in All, it looks very cheap and simple to extract, very low risk, with proven and low EIA risks.

Exactly what the Omanis want.

For clarity I do hold Savannah Resources shares.