Savannah Resources Share Discussion Threads

[seagullsslimjim] 10/11/2016 20:23

ged - been here for 3 years now and just before the spike up to 12p

at that time it was a side investment, but now my main one

I was always surprised that it dropped through 4p a couple of years ago and have been scratching my head many times since then.

As the ducks line up ever more then the next 15-18 months are going to be thick with news flow.

[yorkie14] 10/11/2016 19:08

I know they are travelling about a lot at the moment, hence the reason Dale did the interview recently. Probable reason for no response at the moment!
GLA

[kyoquot] 10/11/2016 17:25

Mañana?

[seagullsslimjim] 10/11/2016 17:07

then again !!! :-)

[seagullsslimjim] 10/11/2016 14:03

still see a 5p+ finish by the end of the day though

[ged5] 10/11/2016 14:00

A little profit taking both here and in copper. Quite healthy since it was looking overbought.

No doubt the sellers will be buying in again fairly soon. Only 7 weeks until the end of the year and there seems to be a lot of news to be announced in that time.

[seagullsslimjim] 10/11/2016 12:34

Onwards to the indicative short term 6p charting target

Currently 5.1p - 5.5p spread

[ged5] 10/11/2016 12:15

So Druckenmiller (Duquense Capital Founder) speaking now on CNBC thinks the 4% rise in copper today is more to do with economic growth than infrastructure. He's very bullish on commodities.

[ged5] 10/11/2016 10:11

I agree the price of copper is going to be increasingly important. Sav themselves put a chart on page 6 of the presentation showing the predicted supply gap of copper just after they will be producing. But unless they had a crystal ball they couldn't have envisaged a President of the biggest economy talking about infrastructure on being elected.

Listening to CNBC these past couple of days it sounds like a lot of money is going to be put into the infrastructure.

I think SAV is in the right areas with both copper and ilmenite.

[seagullsslimjim] 10/11/2016 09:39

nice to see a 4.8p - 5p spread

The main chart resistance was 4.5p and from the main chart above it could well run up to 6p in the very short term !

[broncowarrior] 10/11/2016 09:24

Global uplift for all that infrastructure building Trump has planned.

[seagullsslimjim] 09/11/2016 20:45

Well copper went bonkers today !!!

[ged5] 09/11/2016 10:49

Thanks inbrackets! Did you also see the article from yesterday afternoon:-

hxxp://www.proactiveinvestors.co.uk/companies/news/167219/savannah-and-rio-tinto-sitting-on-massive-mineral-sands-resource-167219.html

[inbrackets] 09/11/2016 10:24

Excellent article by Gary Newman that lays out the case for Savannah.http://www.shareprophets.com/views/25154/savannah-resources-has-the-potential-to-make-it

[ged5] 08/11/2016 09:01

For those who have read the PDF file and have some spare time I found this to be an easy to read article about ilmenite:-

hxxp://geology.com/minerals/ilmenite.shtml


Uses of Ilmenite

Ilmenite is the primary ore of titanium metal. Small amounts of titanium combined with certain metals will produce durable, high-strength, lightweight alloys. These alloys are used to manufacture a wide variety high-performance parts and tools. Examples include: aircraft parts, artificial joints for humans, and sporting equipment such as bicycle frames. About 5% of the ilmenite mined is used to produce titanium metal. Some ilmenite is also used to produce synthetic rutile, a form of titanium dioxide used to produce white, highly reflective pigments.

Most of the remaining ilmenite is used to make titanium dioxide, an inert, white, highly reflective material. The most important use of titanium dioxide is as a whiting. Whitings are white, highly reflective materials that are ground to a powder and used as pigments. These pigments produce a white color and brightness in paint, paper, adhesives, plastics, toothpaste, and even food.

Titanium dioxide is also used to make powders with a tightly controlled particle size range. These powders are used as inexpensive polishing abrasives in a variety of lapidary work that includes rock tumbling, lapping, cabbing, sphere making, and faceting. Titanium oxide abrasives are used in many other industries.

[ged5] 08/11/2016 07:53

Is this the way all JORC compliant announcements now have to be set out? Very detailed and will need some digestion.

I don't know too much about heavy metals but I do understand "one of the largest ilmenite dominant, mineral sands accumulations on the east coast of Africa."

And

"Savannah believes that there is an excellent opportunity to potentially define an initial phase, low capex, long life, dry mining project of around a 200Mt well graded resource, associated with a series of reworked coastal dunes."

Also easy access to infrastructure.

[seagullsslimjim] 08/11/2016 07:50

Yes, great RNS and only half of the exploration done.

Also higher grades when compared to their current heavy sands peer Kenmare!!!...

--------------------------------------------------------------------------------


Initial 3.5 Billion Tonnes HMS Resource Defined
Tue, 8th Nov 2016 07:00

RNS Number : 5296O

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

8 November 2016

Savannah Resources Plc

Initial 3.5 Billion Tonnes Heavy Mineral Sands Resource Defined

Mutamba Consortium, Mozambique


Savannah Resources plc (AIM: SAV) ('Savannah' or 'the Company'), announces an initial resource estimation over two of the four deposits currently defined at the Mutamba project in Mozambique (the 'Project' or 'Mutamba') (Figures 1-4). Mutamba, which was previously operated solely by Rio Tinto, forms part of the larger Mutamba/Jangamo Project currently being developed under a Consortium Agreement between Savannah and Rio Tinto, as announced on 11 October 2016. Savannah holds a 10% interest in the joint project with the right to earn up to 51%, subject to key milestones being met. To view the press release with the illustrative maps, diagrams and JORC Table 1 please use the following link:





HIGHLIGHTS:

· Initial Indicated and Inferred Mineral Resource Estimate of 3.5 billion tonnes at 3.8% Total Heavy Minerals (THM)

· Mineral Resource Estimate contains 81 million tonnes ("Mt") of ilmenite, 2.2Mt rutile and 3.8Mt zircon

· 52% of Mineral Resource in the Indicated Category, 48% in the Inferred Category

· Initial resource calculation covers the Jangamo and Dongane deposits at Mutamba - note the Jangamo deposit includes both Rio Tinto's Jangamo deposit and Savannahs Jangamo deposit where an established resource of 65Mt at 4.2% THM was previously defined

· Resource compares favourably against Mozambique mineral sands producer Kenmare Resources 31 December 2015 global resource of 6.5Bt at 2.9% THM and mining reserve of 1.6Bt at 3.3%THM

· Resource estimation in respect of the Ravene and Chilubane deposits still to be completed

· Mineral Resource Estimate of the Jangamo and Dongane deposits has defined large areas of >5%THM, which will form the focus of the upcoming scoping study

· A scoping study which is expected to take 3-4 months will commence shortly



Savannah's CEO, David Archer said:

"The completion of our initial Mineral Resource Estimation of the Jangamo and Dongane deposits is a major milestone for Savannah and our consortium partner, Rio Tinto. The results underscore the fact that the Mutamba project is one of the largest ilmenite dominant, mineral sands accumulations on the east coast of Africa.

"While we are delighted with the outcome, what it really means is that we now have an exceptional foundation for our scoping study of the Project. The scoping study will focus on the areas of mineral occurrence which are most prospective in terms of size and grade, with little to no overburden factors, which should facilitate simple, low cost mining. Savannah believes that there is an excellent opportunity to potentially define an initial phase, low capex, long life, dry mining project of around a 200Mt well graded resource, associated with a series of reworked coastal dunes.

"The Project is well located with easy access to a power line, the EN1 highway, the Inhambane bay (which is naturally protected from the elements) and the Inhambane airport, providing significant advantages to any potential development. We believe that the Inhambane and Gaza Provinces, where the deposits are located, are an excellent investment destination within the country."


Jangamo and Dongane Mineral Resource Estimation

The Mutamba Project comprises four main deposits, namely Jangamo, Dongane, Ravene and Chilubane. The initial Mineral Resource Estimation covers the Jangamo and Dongane deposits only, with work now underway on defining the JORC resources for Ravene and Chilubane.

The resource being defined at the Mutamba includes the current established resource of 65Mt at 4.2% THM defined at Savannahs Jangamo Project. The two projects together form the unified Mutamba Project being developed by Savannah in conjunction with Rio Tinto.

[broncowarrior] 08/11/2016 07:14

Nice RNS. Moz back in play and scoping study in 3-4 months.Banking studies after that, might be a race between this and Oman to see what produces first.

[ged5] 04/11/2016 09:21

Yes it was the presentation in Muscat I was referring to. I did see the tweet on the website.

Since they were presenting to potential backers I thought maybe they gave a full presentation of the work they are doing and since it's 5 months since the previous presentation there might have been a new one.

What you say makes some sense, so thanks again.

[inbrackets] 04/11/2016 08:54

Ged5, not sure what presentation you are referring to in particular. I think the excerpt you had taken referred to a half hour presentation by DA to a recent mining conference held in Muscat (day after the RT merger was announced from memory). I have not seen any recording of it or heard anything about it. Tweet on the website refers to an important day of presentations, so may be further discussions with backers / financing options. They are unlikely to publish those at this point, if ever.

[ged5] 04/11/2016 08:39

Apologies for posting a link to old news yesterday.

However I presume the presentation given in mid October is an updated one and as yet I haven't seen it. Is there one published?

[seagullsslimjim] 04/11/2016 07:49

Agree that it will be broken, but has always been the recent resistance level.

Will be good if we test above it today and by the year end and on the back of the numerous RNS's then I've pencilled in 5.5-6p for the year end close.

The good times are just starting and the next 18 months will be transformational.

[inbrackets] 03/11/2016 23:01

4.5p.... That will be history at some stage, whenever it may happen. As things progress, evolve and are revealed, one of the biggest satisfactions is the vindication of the original belief a number of years ago in the project and management team.

[seagullsslimjim] 03/11/2016 22:16

even 2.2 is probably twice the industry average, but anymore is always welcome.

lets see if we can break the 4.5p glass ceiling for good this time ?!

[broncowarrior] 03/11/2016 22:02

Clearly those are max best grades; what is key is that they can up the tonnage and grade beyond the 2.2 at the moment. Makes it much easier to finance.