UK 09:44 Wednesday, 23 September 2026
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Out-of-favour Savannah Resources (SAV) says historical data from Block 4 of the Semail Ophiolite Belt in Oman indicate high-grade copper mineralisation below previous workings at Block 4’s Aarja pit, while trenching by the company suggests the pit could be expanded to the south. The company, whose AIM-quoted shares have fallen from a 6p 12-month high to 2.03p in a sagging commodity market, reports collating historic data from the copper and gold project, which was mined in the 1980s, has revealed some impressive results, including 15.58 metres with 4.7% copper in the AarjaMain deposit, 5.05 metres with 8.49% copper in the Dog’s Bone deposit and 9.8 metres with 3.86% copper at Aarja South.
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