Mutumba Mineral Sands Project, Mozambique

The project is located in the Inhambane province of Mozambique. A scoping study on the project has concluded that there is potential for a financially robust, long-lie mineral sands project that is expected to provide excellent life-of-mine financial returns with relatively modest capital requirements. The project combines Savannah's Jangamo project with Rio Tinto's adjacent Mutamba project wihich includes the Jangamo, Dongane and Ravene deposits, as well as the Chilubane deposit. Pre-production capital expenditure has been estimated at US$245 million. The exact co-ordinates are currently not available however the approximate area of location is lat: -24.1141681; long: 35.3176299.