Savannah Resources Share Discussion Threads

[wanna brew] 10/5/2024 11:32

https://www.euronews.com/green/2024/05/09/critical-raw-materials-lithium

[ukgeorge] 10/5/2024 09:42

Mining Flash Note
Non-Independent Research
*SP Angel acts as Nomad and
Broker to the Company
MiFID II Exempt
10 May 2024
Savannah Resources*
SAV LN BUY
TP 20.8p (from 21.1p)

[ukgeorge] 09/5/2024 10:57

There was an investor presentation yesterday.

RIP DA

[mandolinian] 07/5/2024 11:58

Same Ged.Sad news

[ged5] 07/5/2024 11:32

Never met him but I did communicate on a number of occasions. We had our disagreements but he was always courteous and willing to answer questions.

My sympathy goes out to his family.

RIP

[kirkbymoorside] 07/5/2024 10:43

Poor D.A he looked very frail at last year's AGM,I remember him being very helpful in arranging my visit to the mine 3 year's ago for a show round with the Geologists RIP

[broncowarrior] 07/5/2024 10:07

Just seen the news, how awful.

[goodday1] 07/5/2024 07:10

Man.Because he sacrifices his health in order to make money.Then he sacrifices money to recuperate his health.And then he is so anxious about the future that he does not enjoy the present;the result being that he does not live in the present or the future;he lives as if he is never going to die, and then dies having never really lived.RIP DA.Gl all

[inbrackets] 02/5/2024 19:24

I was going to point out your correct call when I saw it drop but hoped it might recover at the close. Hardly anything to get agitated about though. Good long weekend to all . Refresh ready for Wednesday and whatever that might bring.

[reba] 02/5/2024 17:40

Inbrackets
Told you every time there is an RNS the bloody price goes down

[ukgeorge] 02/5/2024 13:26

From share price Angel

Savannah Resources* (SAV LN) 3.5p, Mkt Cap £64m – NOA resource update increases confidence in the resource

BUY – 21.1p

The Company released an update on the NOA deposit following a drilling programme.
The campaign increased confidence in the resource with 93% of total now in the Indicated category, up from 67% previously.
Tonnage wise the resource is little changed and is the smallest within the Barroso Project accounting for just 2.5% of total 28.1mt resource.
Updated resource now stands at 0.7mt at 1.03% for 6.8kt Li2O including 0.6mt at 1.03% in the Indicated category.
Potential for an expansion of the resource remains with mineralisation still open along strike to the west and at depth to the north.
Separately, the team received drilling results from Reservatorio (15% of total resources) and Grandao (63%).
At Reservatorio, a couple of step out holes (50-100m out of the last drillhole) showed extension of the mineralisation at depth with intersecting:
26m @ 0.85% Li2O from 155m in 23RESRC040
21.8m @ 1.37% Li2O from 132.3m and 9.2m @ 1.08% Li2O from 157m in 23RESRC041
An infill drillhole confirmed continuity of the mineralisation over 100m between previously completed two holes returning
36m @ 1.28% Li2O from 151m in 23RESRC039
At Grandao, results from two RC drillholes received that targeted southern and northern margins of the main pegmatite showed that only northern hole intersected lithium mineralisation including
18m @ 0.93% Li2O from 35m in 24GRARC132
Phase two of the current drilling programme will target Reservatorio, Pinheiro and Grandao to upgrade the resource at these deposits by the end of Q3/24.
Conclusion: NOA resource update increased confidence in the resource following an infill drilling programme largely focused on confirming continuity of the mineralisation allowing to release maiden reserve and estimate mining inventory for the feasibility study. In addition, step out drilling at Reservatorio and Grandao showed a potential to add more tonnages into the resource with mineralisation remaining open in multiple directions.

*SP Angel acts as Nomad and Broker to Savannah Resources

[ged5] 02/5/2024 12:47

Exciting news from #SAV. We're pleased to announce an upgrade to the JORC Resource for the NOA orebody at our Barroso Lithium Project in Portugal.

With 93% of the resource now in the Indicated category following the recent drilling at the deposit, we're one step closer to our Definitive Feasibility Study goals. We also announced some further significant drill results from the Reservatório and Grandão deposits. We've confirmed lithium mineralisation continuing at depth and along strike, setting the stage for further resource expansions in the future.

[inbrackets] 02/5/2024 10:06

The price hasn't gone down. It artificially bounced up by 0.05 at the close last night which was then adjusted this morning.As to the drilling, this is the first hard evidence on the drilling front for years and for the DFS and any final investment decision for the company and any investors/lenders alongside, it needs to be classed as indicated as a minimum.It may seem quite dull, but it reconfirms what was expected and makes NOA bankable. The rest will follow.As importantly, it more than hints that the overall resource still has more to give when they are ready to unwrap those presents.

[ged5] 02/5/2024 09:56

The main focus for me was that the drilling has allowed the resource at NOA to be included in the DFS. A jump of 26% in the indicated category is a meaningful rise.

If my memory is correct NOA was a smaller part of the Barroso project yet it looks like it will contribute about $7m.

Resource upgrades at the other projects targeted by end of August.

Slow burner it has surely been but moving in the right direction.

Now what else was mentioned in the update of 9th April?

[reba] 02/5/2024 09:13

Yet another RNS, watch the price go down
Everybody knows the product is abundant so why waste more money drilling. The site must now be full of holes

[inbrackets] 01/5/2024 16:27

UKG, would presume that it is the conference that they tweeted about - link on LSE site. Also interesting background of the new Portuguese minister who is steeped in mining and engineering. Should be supportive of companies that are doing it right.

[ukgeorge] 01/5/2024 16:07

Sav posting on LinkedIn about a conference in Portugal

[ukgeorge] 30/4/2024 13:43

Fingers crossed this is the start of the next leg up :)

[ged5] 30/4/2024 10:02

Thanks George, only just read my emails.

Left it late in the month but hey better late than never.

Hopefully we'll have the new JORC Resource estimates for NOA and drilling results in this next week.

[ukgeorge] 30/4/2024 09:04

ASA must be shattered two presentations in a year!

Savannah Resources Plc

(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah', or the 'Company')



Investor Presentation



Savannah Resources Plc, the European lithium development company, is pleased to announce that Emanuel Proença, Chief Executive Officer, will provide a live investor presentation via the Investor Meet Company platform on Wednesday 8 May 2024 at 16:00 BST.



The presentation is open to all existing and potential shareholders. Investors who already follow Savannah on the Investor Meet Company platform will automatically be invited, while those not registered with the platform can sign up for free and add to meet Savannah Resources plc via:

hxxps://www.investormeetcompany.com/savannah-resources-plc/register-investor



Questions can be submitted pre-event via your Investor Meet Company dashboard before 9am on Tuesday 7 May 2024 or at any time during the live presentation.

[goodday1] 30/4/2024 08:12

Where are the drill results, where are the partners shortlisted?That is the third of the year passed, as I always said, this is a slow burner except for money-burning.Setting your own timeline & not meeting it is very much pi*s poor.The waiting goes on.Ps; telling the LSE plonker we do not need his pumping, please.Gl all

[goodday1] 26/4/2024 10:03

But he is been saying the same sh*t for 5 years.Or have you forgotten?The news will drop sooner or later, but will it be share price changing??LolGl all