Mozambique Mining: Savannah ready to move on commissioning of Mutamba heavy sands pilot plant

Savannah Resources has raised about £3.91-million through the issue of about 74.43-million shares to new and existing investors at a placing pricing of 5.25p a share. Funds will also be invested in advancing the prefeasibility study and on the commissioning of a pilot plant at Savannah’s Mutamba heavy mineral sands project, in Mozambique.