SAVANNAH RESOURCES PLC

Share Issue/Capital Change • Nov 3, 2014

National Storage Mechanism | Additional information

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RNS Number : 7680V

Savannah Resources PLC

03 November 2014

Savannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining

3 November 2014

Savannah Resources Plc

Lapse of Warrants

Savannah Resources plc (AIM: SAV) advises that 57,949,993 warrants with a strike price of 12.5p, issued to shareholders at the time of the Company's IPO in 2010, expired on 1 November 2014.

The Company's revised capital structure is as follows:

Security Type	Quantity	Average Exercise Price (pence)	Average Exercise Period  Remaining (months)
Ordinary Shares	186,580,880	N/A	N/A
Options	26,523,443	5.7p	38
Warrants	13,911,112	4.6p	44

**ENDS**

For further information please visit www.savannahresources.com or contact:

David Archer	Savannah Resources plc	Tel: +44 20 7389 5019
James Biddle (Nominated Adviser) Charlie Cryer (Corporate Broker)	RFC Ambrian Limited	Tel: +44 20 3440 6800
Felicity Edwards/ Charlotte Heap	St Brides Media & Finance Ltd	Tel: +44 20 7236 1177

Notes

About Savannah

Savannah Resources Plc (AIM: SAV) is a growth oriented, multi-commodity, exploration and development company. It has an 80% shareholding in Matilda Minerals Limitada which operates the Jangamo exploration project in a world class mineral sands province in Mozambique which borders Rio Tinto's Mutamba deposit, one of two major deposits Rio Tinto has defined in Mozambique, which collectively have an exploration target of 7-12Bn tonnes at 3-4.5% THM1 (published in 2008).

Savannah has interests in two copper projects in the highly prospective Semail Ophiolite Belt in Oman.   The projects, which have an Indicated and Inferred Mineral Resource of 1.7Mt @ 2.2% copper and high grade intercepts of up to 56.35m at 6.21% Cu, provide Savannah with an excellent opportunity to potentially evolve into a mid-tier copper producer in a relatively short time frame. Together with its Omani partners, Savannah aims to outline further mineral resources to provide the critical mass for a central operating plant to develop the deposits.

In addition, Savannah owns a 21.1% strategic shareholding in Alecto Minerals Plc which provides Savannah with exposure to both the highly prospective Kossanto Gold Project in the prolific Kenieba inlier in Mali and also to the Wayu Boda and Aysid Meketel gold / base metal projects in Ethiopia for which Alecto has a joint venture with Centamin Plc.  Under this joint venture, Centamin Plc is committing up to US$14m in exploration funding to earn up to 70% of each project.

This information is provided by RNS

The company news service from the London Stock Exchange

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