Savannah reports £1.01m H1 operating loss amid high tempo exploration activity

By Myles McCormick
Published: Wednesday, 30 September 2015

The junior explorer, which holds a Mozambique mineral sands site, was upbeat about progress being made across its projects despite predictions that it may face tough financial decisions going forward.

Diversified AIM-listed miner Savannah Resources Plc reported an operating loss of £1.01m ($1.53m*) and a net loss of £1.6m ($2.43m) for the first sixth months of 2015.

The company, which holds the Jangamo heavy mineral sands (HMS) project in Mozambique as well as a copper and gold...

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