Savannah Resources Share Discussion Threads

[happyholder123] 09/9/2017 10:21

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[ged5] 08/9/2017 10:29

3 tweets in 3 days.

Todays is an article about lithium:

"Rest assured, Earth has the lithium. The next dozen years will drain less than 1 percent of the reserves in the ground, BNEF says. But battery makers are going to need more mines to support their production, and they’ll have to build them much more quickly than anyone thought."

[nick9013] 07/9/2017 15:25

Big sells today???

[ged5] 07/9/2017 09:00

Yet another tweet this morning with a picture:

Project pilot plant site preparation complete in readiness for concrete foundations and assembly.

Being kept informed!

[ged5] 06/9/2017 20:42

Matt Chamberlain Chief Exec of LME was talking on Sky News earlier. Expects to launch Lithium exchange within next 12-18 months.

He talked about the "strong automative story". Besides the battery metals he specifically mentioned COPPER and Aluminium.

So Mr Archer what have you got lined up for us?

[ged5] 06/9/2017 17:12

Just posted this as part of a post on the JAY thread after one of the intelligent posters, who does some good research compared JAY with our Mutamba resource:-


At the moment JAY has a JORC of 23.6Mt at 8.8% ilmenite
SAV has 4.4 billion tonnes at 3.9% THM (Mainly ilmenite but also the more expensive zircon and rutile)

JAY has an upside of 130Mt at 6.3-8.4% ilmenite which is 17% of the resource so 765Mt
SAV has 7-12 Billion tonnes at 3-4.5% THM

JAY has 2 other assets in Greenland and 3 projects in Finland.
SAV has a 1.7Mt resource at 2.2% copper in Oman, a project in Finland and a project with a mining licence for Lithium in Portugal. (Look out for the assay results in the near future)

JAY 132.55M mkt cap
SAV 28.77M mkt cap

[ged5] 06/9/2017 11:49

Overcome with excitement!

A 5% rise AND a tweet all in one day not to mention the offer and bid being held at 5p for all of 5 minutes.

oops I've gone and mentioned it now. Must be the excitement! ;)

[ged5] 31/8/2017 10:58

From May this year

Portugal is in the top ten producers of lithium which is increasingly sought after by manufacturers of electric cars which use the element in their battery packs and for companies supplying batteries for mobile phones..

There are now 46 applications from companies to the government to explore for and extract lithium from Alto Minho to Beira Baixa, passing through Trás-os-Montes, where Dakota Minerals already is mining the ‘white oil’ in a €370 million investment.

The government set up a Lithium Working Group last December which has proposed that a mining promotion programme is launched to demonstrate the industrial potential of the metal and the establishment of an experimental mining and metallurgical unit to gain knowledge about the mineral which will become more and more valuable as the adoption of electric increases.

A technical report was requested in 2016 by the Secretary of State for Energy, Jorge Seguro Sanches, who was faced with a cluster of acronyms all wanting to chip in, including the Directorate General of Energy and Geology (DGEG), the National Laboratory of Energy and Geology (LNEG), the Mining Development Company (EDM), Assimagra - Mineral Resources and the National Association of Extractive and Transformative Industries (ANIET).

The conclusions of the report is that, "in the coming decades, Portugal can play a leading role in the global scenario of lithium production."

[nick9013] 26/8/2017 00:51

Sav needs to multi bag asap

[yorkie14] 25/8/2017 15:38

hxxp://palisaderadio.com/sprott-monthly-market-update-with-rick-rule-base-metals-are-breaking-out-stocks-are-next/

[ged5] 24/8/2017 09:03

Worth noting the points at the end of the RNS from BCN this morning:-

In addition to the continuing development of its own projects, Bacanora also takes note of other significant developments within the lithium industry that have the potential to have a positive impact on Bacanora's projects and future operations, including the following:

· Volkswagen stating that 25% of their vehicle sales by 2025 will comprise electric vehicles, requiring in the order of 200GW of energy, equivalent to 30 Nevada size giga factories.[2]

· Volvo announcing that it will move to total electric vehicle production by 2019.[3]

· The launch of the Tesla Model 3.[4]

· France and the UK stating that all vehicles will be zero emission by 2040.[5]

· Lyft, a ride sharing company in the USA, stating that it expects to be providing 1 billion automated electric vehicle car rides per year by 2025.[6]

· In China, domestic automakers only have 43 percent of market share in the world's largest auto market, but they have a 96 percent stranglehold on the EV market and it has been estimated that 49 of 103 new EV launches by 2020 will come out of China. In addition, it has also been reported that China is targeting to have 65 percent of the world's manufacturing capacity for lithium-ion batteries by 2021.[7]

[ged5] 23/8/2017 11:34

Going through the 30th May RNS concerning the scoping study, my interpretation is that the processing plant completion would be needed for the DFS.

[ged5] 23/8/2017 09:36

I'm staying with Oman. Still work to be done in Portugal.

It could change though if the assay results exceed expectations (above 1.6%)

We're dependent on the labs on how quickly we get the results so Oman news may be next.

[broncowarrior] 23/8/2017 09:31

Btw, "coming months" clearly deliberate wording and intentionally vague, not sure why though.

[broncowarrior] 23/8/2017 09:30

So is the building of the plant to complete second part of PFS or to do BFS, or both? Or neither!

[ged5] 23/8/2017 09:20

Yes, more progress reported this morning. Some of the work for Stage One of the PFS will have been done during the Scoping Study so it shouldn't take too long. It makes sense to have TZMI undertake this work.

Work has already commenced on the PFS and assembly of the pilot plant is WELL underway.

Paleje, don't the NOMADS have a say in the wording of these announcements?

Good point about the market cap especially when you look at JAY with a mkt cap of £140M!

[broncowarrior] 23/8/2017 08:59

Which one will start mining first? Likely Portugal or Oman I would say. Moz is the really meaty one, that would 10 bag the market cap if it gets developed (rampy comment there).

[paleje] 23/8/2017 08:00

Nice list of positives above, Ged5, without being rampy.

And good RNS this morning, PFS work expected to be 'completed in coming months'...not exactly sticking their necks out there then, who words these things? But not really knocking.

I sped through the Notes section only because the Mozambique part seemed meatier than it was the last time I read them, a lot of it's in the header but anyway they're a good overview of what SAV is about and under 30m mcap.

Notes

Mozambique

Savannah operates the Mutamba heavy mineral sands project in Mozambique in collaboration with Rio Tinto, and can earn a 51% interest in the related Consortium, which has an established initial Indicated and Inferred Mineral Resource Estimate of 4.4 billion tonnes at 3.9% THM over the Jangamo, Dongane and Ravene deposits. Under the terms of the Consortium Agreement with Rio Tinto, upon delivery by Savannah of the following will earn the corresponding interest in the Mutamba Project (which currently is 20% following delivery of scoping study in May 2017): pre-feasibility study - 35%; feasibility study - 51%. Additionally, the Consortium Agreement includes an offtake agreement on commercial terms for the sale of 100% of heavy mineral concentrate production to Rio Tinto (or an affiliate).

Oman

Savannah has interests in two copper blocks 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, with gold credits, provide Savannah with an excellent opportunity to potentially evolve into a mid-tier copper and gold 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 and in December 2015 outlined exploration targets of between 10,700,000 and 29,250,000 tonnes grading between 1.4% and 2.4% copper.

Portugal

Savannah holds a 75% interest one mining licence and nine prospective applications for the exploration and development of lithium, covering an area in excess of 1,018km(2) in northern Portugal. This includes the highly strategic Mina do Barroso prospect, which with an approved Mining Plan ('MP'), Environmental Impact Assessment ('EIA') and a 30-year mining concession/Mining Licence ('ML'), means that with a defined JORC resource a development decision could be made as early as Q4 2018.

Finland

Savannah has Reservation Permits over two lithium projects, covering an area of 159km(2). Geological mapping has highlighted the presence of seven pegmatites with key lithium minerals petalite, spodumene and lepidolite all identified.

[broncowarrior] 23/8/2017 07:49

Another good piece of news, things moving along on a number of fronts. Oman seems to have slowed down a tad, would be good to hear some more news on that too.

[ged5] 22/8/2017 18:46

You're right to consider non producers in the mining sector as risky, so much can go wrong. Mind you it can also go wrong with established producers.

What I like about this company is that it has 4 projects - 3 of them relatively near to production with commodities in demand.

Also the CEO has 31 million shares

3 of the 4 projects are in relatively stable countries with supportive governments.

There is strong backing from the largest shareholder.

The management are willing to discuss anything non price sensitive.

They have good contacts in each country (not sure about Finland)

The big risks are mining licences and funding for mine development.

I understand that they are confident of being granted the licence in Oman and that funding will be obtained without too much dilution, if any.

Also it seems inevitable that some working capital will be needed before production commences.

On a risk reward basis I consider it's worth having a proportion of any (my) portfolio in SAV.

Best of luck whatever you choose. I took a very quick look at the 2 companies you mentioned. They look interesting!

[mr. t] 22/8/2017 15:37

Thanks Ged5

[ged5] 22/8/2017 15:18

The header is correct.

From the RNS in June:-

· Licensing approval process continues to progress but is taking longer than initially anticipated, which has resulted in some time loss to the proposed production schedule; and

· Mining expected to commence in H1 2018.



Although I've used this link the ones on the website are much better since they include diagrams.

Don't be put off too much by the delay since there are several Omanis connected with the company.

The Omani government are revamping their mining strategy (clumsy wording). That is my understanding of what's happened.

[mr. t] 22/8/2017 15:11

I think we might have a long upturn in copper (and some other metal) prices from EVs, renewable energy investment and other things. I've recently bought CAML and ATYM for copper exposure.

SAV might be a bit risky for me though - I'm not familiar with mining development risk.

[mr. t] 22/8/2017 15:01

Hi Ged5 - thanks.

I saw slides from an investor presentation in March saying production from Oman would be later 2017. The header says H1 2018. What's behind the date being pushed back and how confident are you that H1 2018 will be hit?