May 2017? That's ancient. Things move fast in Oman don't you know
Oman tribune re savannah, 2 days ago:
“We are working towards the mining licences being awarded around the year end, with the licence for the TSF targeted to be granted soon thereafter. In parallel, we have largely completed the economic scoping study for the initial mine developments; this is based on two run-of-mine ore streams being treated at a common, centrally located copper concentration plant with an associated TSF.
“The study has been conceived and undertaken so that it can be converted into a detailed design with relative ease and speed to meet our development timelines of commencing production in the first half of 2018.”
The proposed plant and TSF have been designed to treat ores from both Maqail South and Mahab 4 and also offer the potential to treat ore from other high-grade copper deposits in the country, adding further potential upside, he added.
AUQ Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
