26th Feb 2014 12:01
LONDON (Alliance News) - Savannah Resources PLC Wednesday said it has made two executive appointments, Paul O'Donoghue as country manager in Mozambique and Durair A'Shaikh, a geologist with over 18 years experience.
The Mozambique-focused mineral sands company said O'Donoghue is a founder of Matilda Minerals Limitada and managed the successful implementation of the company's Jangamo drilling programme last year.
Savannah has an 80% shareholding in Matilda Minerals Limitada, the owner of the Jangamo site.
The company said Durair is an internationally recognised expert in the genesis of base metal deposits, and it said his appointment supports the company's strategy of becoming a multi-commodity focused exploration and development group.
The news comes a fortnight after the company announced that scout drilling at its Jangamo Project provided positive initial results and confirmed broad mineralised zones, marking progress towards identifying a major minerals system within the Jangamo tenement for further development.
Savannah shares were up 16% to 9.60 pence, putting it in the top ten AIM risers Wednesday.
By Tom McIvor; [email protected]; @TomMcIvor1
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