UK 09:44 Wednesday, 23 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Out-of-favour Savannah Resources (SAV) says there is scope for further exploration at its southern African Jangamo heavy mineral sands project in Mozambique after declaring a maiden resource there of 65 million tonnes in the relatively tentative ‘inferred’ category with 4.2% total heavy minerals. Based in London and quoted on AIM, the company holds 80% of the company operating the Jangamo project, which is next to mining giant Rio Tinto’s major Mutamba deposit, and, says chief executive officer David Archer, ‘will now look to assess a number of promising commercial and strategic options’ for the project.
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