LONDON (Alliance News) - Savannah Resources PLC said Wednesday that the visual heavy metal sand mineralisation it has seen from the drilling programme at its Jangamo project in southern Mozambique have been "highly encouraging" so far. The company has completed over half of its planned 4,00 Read More

Savannah Resources Starts New Drilling Campaign At Jangamo

23rd May 2014 09:45

LONDON (Alliance News) - Savannah Resources PLC Friday said it has started a new drilling programme at its Jangamo heavy mineral sands project in Mozambique. AIM-listed Savannah Resources said a 4,000 metre reverse circulation drilling programme is underway to define the prospectivity of Ja Read More

Savannah Resources Pretax Loss Widens On Impairments

9th May 2014 11:03

LONDON (Alliance News) - Savannah Resources PLC Friday said its pretax loss widened in 2013 despite largely flat expenses, as impairment charges hit the company. The minerals exploration and development company, which is yet to post any revenues, said its pretax loss widened to GBP2.0 milli Read More

UK MIDDAY BRIEFING: Lloyds Kicks Off Bank Season With Improvement

1st May 2014 13:03

LONDON (Alliance News) - Lloyds Banking Group kicked off the first-quarter bank earnings season Thursday, reporting that its pretax profit dropped by a third to GBP1.37 billion after last year was buoyed by gains on the sale of government securities. However, its un Read More

UK WINNERS & LOSERS: Lloyds Atop FTSE 100 Risers; Weir Leads Fallers

1st May 2014 11:27

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday. ------- FTSE 100 - WINNERS ------- Lloyds Banking Group, up 4.8%. The banking group is the biggest riser in the Read More

Savannah Resources Up As It Pauses Facility Drawdown

1st May 2014 11:13

LONDON (Alliance News) - Savannah Resources PLC saw its shares rise Thursday after it said it had paused drawing down funds from its facility with the Bergen Global Opportunity Fund LP for 30 days due to the general share market conditions for junior resources companies. In a statement, the Read More

Savannah Resources Receives Positive Results From Jangamo Survey

24th Apr 2014 10:16

LONDON (Alliance News) - Savannah Resources PLC Thursday said it has received positive results from its ground magnetic survey at the Jangamo heavy mineral sands project in Mozambique. The minerals exploration and development company said the test, which was carried out over anomalous drill Read More

Savannah Resources Further Defines High Grade Zones At Jangamo

17th Apr 2014 12:04

LONDON (Alliance News) - Savannah Resources PLC Thursday said further testwork has defined high grade zones of heavy minerals at its Jangamo heavy mineral sands project in Mozambique. The minerals exploration and development company said further analysis of samples collected on its 1,812 me Read More

Savannah Raises USD6.3M, Acquires Copper Projects

10th Apr 2014 13:36

LONDON (Alliance News) - Savannah Resources PLC said Thursday that it had raised USD6.3 million in a private placing to fund its acquisition of interests in the Oman Copper Belt. It will place USD5.9 million in shares, and issue a USD400,000 unsecured convertible instrument to Bergen Global Read More

Savannah Resources Starts Ground Magnetic Study At Jangamo

3rd Apr 2014 10:39

LONDON (Alliance News) - Savannah Resources Thursday said it has started a ground magnetic survey at the Jangamo heavy mineral sands project in Mozambique. The minerals exploration and development company said a two-week ground geophysics programme is now underway at Jangamo in order to mor Read More

Alecto Acquires Additional Malian Gold Projects From Savannah Resources

28th Mar 2014 11:13

LONDON (Alliance News) - Alecto Minerals PLC said Friday it has enhanced its existing gold portfolio in Mali with the acquisition of the total issued share capital of Savannah Resources PLC subsidiary, NewMines Holdings Limited. Aletco's existing gold portfolio is Mali includes its flagship Read More

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