Savannah Resources Plc (LON:SAV) CEO David Archer talks to DirectorsTalk about the completion and commissioning of it’s Pilot Plant at Mutamba Mineral Sands Project. David explains the significance of today’s announcement, the status of the project and how he sees the current mineral sands market setting.
HIGHLIGHTS:
· Construction of the Project’s 20 tonne per hour pilot plant is complete and commissioning is now underway
· Pilot plant will produce bulk samples of concentrate for metallurgical and product test work
· Test work to act as proof-of-concept for future development model – currently targeting first production in 2020 with estimated average annual production of 456,000t of ilmenite and 118,000t of non-magnetic concentrate over a 30-year life of mine
· Commissioning is expected to be completed by the end of 2017
Pilot Plant Commissioning – The commissioning process is expected to take around four weeks to complete and includes three stages:
· Water commissioning
· Sand commissioning
· Ore commissioning