Savannah Diamonds Limited is a Tanzanian
dedicated diamond exploration company. Its highly experienced management
team has an international track
record of discovery and finance.
The company has approximately 70,000 km2 of ground under licence, on application or under offer for all minerals except building materials or alluvial gemstones. All "non diamond" mineral rights e.g. gold, base metals and uranium, are being "spun out" into its sister company Mwamba Minerals.
The company's ground lies entirely within the 290,000 km2 Tanzanian Craton, which hosts most of the country's 360 known kimberlites as well as five major gold mines, all of which have opened within the last ten years. However, much of the cratonic area is either unexplored or has not been prospected since the 1960's. There are several sound geological reasons to expect significant mineral discoveries in the future. Savannah has rapidly applied modern exploration techniques to this ground - over 17,000 km2 has been surveyed (25% of the land package) by high resolution aerial magnetics and radiometrics.
To further expand its project pipeline, Savannah has recently entered into a farm-in agreement on the Nzega Project. Under this agreement, a wholly owned subsidiary of SDL will bulk sample two known diamondiferous kimberlites (with drill sample grades ranging from 0 - 47 cpht) located 80km north of Tabora. The Mahene kimberlite is the larger of the two bodies. It has a surface area of nearly 7ha and is comparable in size to the majority of diamond mines recently developed around the world (or diamond projects at the Bankable Feasibility Stage).
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