Savannah Resources Share Discussion Threads

[edgein] 16/1/2018 07:47

Very good to see Moz moving forward towards commercial mining. The current pilot plant must be giving the desired results for the three full 25 year mining permits having now been applied for. Should hear something within the next 6 months and more from both Oman and Portugal in the mean time. Our CEO seems quite chipper about the event, I guess for a world class project with Rio Tinto he has every right to be.

"David Archer, Savannah's Chief Executive Officer said "The submission of the Mining Lease applications is a key milestone and a great start to 2018. This is the final formal step in the process of securing long term Mining Leases over globally significant deposits of heavy mineral sands. This follows the commissioning of the pilot processing plant in Q4 2017 which will be used to produce concentrate as a part of the Pre-Feasibility Study which is currently underway.

"We believe our timing means we are well placed to take advantage of the increasing global demand for titanium feedstocks."

Regards,
Ed.

[seagullsslimjim] 16/1/2018 07:41

Great RNS this Am re the submission of three mining lease applications to the Moz Government...

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

16 January 2018

Savannah Resources Plc

Mining Lease Applications Submitted for Heavy Mineral Sands Projects, Mozambique

Savannah Resources plc (AIM: SAV) ('Savannah' or the 'Company'), is pleased to announce that three applications (the 'Applications') have been submitted to the Ministry of Mineral Resources and Energy in Mozambique (the 'Ministry') for mining leases for the Mutamba Heavy Mineral Sands Projects (Figure 1 and Figure 2) which it is evaluating in a consortium with Rio Tinto. To view the press release with the illustrative maps and diagrams please use the following link:



HIGHLIGHTS:

· Three applications cover a total area of 417.32km² and cover the Jangamo, Dongane, Ravene and Chilubane deposits have been submitted

· Mining Leases are generally awarded for a term of 25 years and can be renewed at the end of their terms

· The Ministry has six months from the date of submission to respond to the Application

David Archer, Savannah's Chief Executive Officer said "The submission of the Mining Lease applications is a key milestone and a great start to 2018. This is the final formal step in the process of securing long term Mining Leases over globally significant deposits of heavy mineral sands. This follows the commissioning of the pilot processing plant in Q4 2017 which will be used to produce concentrate as a part of the Pre-Feasibility Study which is currently underway.

"We believe our timing means we are well placed to take advantage of the increasing global demand for titanium feedstocks."

Mining Lease Application Submissions

The Applications (Figure 1 and Figure 2) have been submitted in the name of Mutamba Mineral Sands S.A., a wholly owned subsidiary of Rio Tinto Limited. The Applications cover a total area of 417.32km². The Mutamba Project applications comprise of the Jangamo application (118.08km²), the Dongane / Ravene application (161.26km²) and the Chilubane application (137.98km²).

The Ministry has six months, from the date of submission, to respond to the Applications. Mining Leases are generally awarded for a term of 25 years and can be renewed at the end of their terms.

Savannah is the operator of the Mutamba Project with an existing 20% interest in a Consortium Agreement with Rio Tinto, which covers the projects. Savannah can increase its equity to 35% upon delivery of a pre-feasibility study which is currently underway and to 51% upon delivery of a feasibility study.

[highly geared] 14/1/2018 19:30

Near term value is Oman and the permits are taking far too long.Copper is shaping up nicely and Mining from H2 will see this motor...

[broncowarrior] 14/1/2018 19:26

Thanks IB, looks bullish. Just want to make sure they don't take their eye off the bell in Oman and keep chasing up those permits.Really do think the lithium could be worth 200mm plus on its own.

[inbrackets] 14/1/2018 17:41

Ged, the promised January pr starting to roll out maybe?http://www.proactiveinvestors.co.uk/companies/news/189943/savannah-resources-all-set-to-lead-the-lithium-charge-in-portugal-189943.html

[tommygriff] 10/1/2018 10:56

All sells yet price ticks up?

[broncowarrior] 08/1/2018 18:18

Wise words.

[paleje] 08/1/2018 14:26

Good articles Ged, and potential spanners indeed. That's the trouble with technology, it isn't always the front runners who win and the incentive for innovcative competitors is massive.

I said on here a week or so back, very important to get into production early, there's lots of lithium in the ground and there's lots of serious money to be thrown at it but the big players are canny, they know things can change, they also know if lithium stays favourite they can dig deep and accelerate productions much faster than the small caps, they can also take out small caps along the way.

I'm still happy here because I think DA knows the score and lithium's got to be good for several years whatever happens but definitely not to dilly dally.

[tommygriff] 07/1/2018 13:03

News to tomorrow? First proper day back!Start the year with a bang!

[ged5] 07/1/2018 12:17

I remember you reporting back after that presentation, paleje. It's good to hear such comments about the management.

I agree, Bronco. SAV's market cap is a third of BCN, so plenty of room for growth.

However, do we "have a spanner in the works"?

A very interesting article in yesterday's Times by Giles Whittell.

[paleje] 05/1/2018 15:04

Looking forward to it BW.

[broncowarrior] 05/1/2018 11:19

BCN are further along the value curve - have a feasibility study with real numbers and NPV, allows people to put a value on the asset properly.

We are not there yet, we should see a similar jump when that happens.

[ged5] 03/1/2018 11:01

Happy New Year to all.

Yes IB,a really good break and now looking forward to what promises to be a transformational year. (again!)

Indeed Edgein, 3 quality assets. I've not seen Soulsauce's competition but SAV would be a good entry especially if Oman takes off on time.

Thanks for posting the latest SAV tweet, paleje. I thought it was interesting that BCN have 3 institutions on board. Probably explains their £140M market cap.

I am becoming more and more convinced that Portugal will be of strategic importance in the Lithium market. Spodumene being highly sought after and it looks like there'll be plenty of it.

[paleje] 03/1/2018 09:34

I know we already know lithium will play a vital part in the electric cars market but the importance of getting into production early cannot be over-stressed, there is plenty of lithium in the ground, the early birds will clean up... or get taken out, I think DA is acutely aware of that.

[edgein] 02/1/2018 13:58

Ged,

Good summary, lots to send these higher this year, not just the upcoming JORC for Res with its higher grades and wide intersects. The HMS project looks exceptional and I'd have chosen SAV in Soulsauce's O&G and miners to double in 2018 had I been around on time to get a vote in. Oman should keep us ticking over nicely as well as further results from Portugal until we get the licence and feasibility from Mutamba, partnering with Rio T gives an indication of the class of this project. Mid cap in the wings.

Regards,
Ed.

[inbrackets] 31/12/2017 11:13

Ged, hi.I see they mention Cornwall......? Bound to fly much like Icarus Productions Inc, not.Hope you had a good Christmas and are truly excited for the next year , all starts again in under 48 hours.B

[ged5] 31/12/2017 10:52

Mentioned here:

hxxp://www.proactiveinvestors.co.uk/companies/news/189248/mining-sector-finally-beginning-to-pull-out-of-one-of-its-worst-slumps-in-living-memory-driven-by-electric-dreams-189248.html

[broncowarrior] 29/12/2017 13:19

Nearly a million traded too, not bad. Remember the days when that was 1% of total shares though.

[ged5] 29/12/2017 12:53

23.81% rise on the year. Let's see what next year brings.

News from Oman hopefully very soon with commencement of mining in the first half.
Licence for Mutamba
Further drilling and proving up Mina do Barroso. One thing I didn't misunderstand - this will be huge.

Let's not forget the management. A more than capable CEO and a CFO who is very professional and is proud of being extremely careful with the companies finances.

My highest riser last year was 355%. Let's hope it's SAV's turn next year.

OT Congratulations to Lord Gnome.


A happy and prosperous New Year to all.

[ged5] 29/12/2017 12:01

Can't stop now. Good end to the year.

[broncowarrior] 29/12/2017 10:30

Nice little rise in the in between zone, bodes well for next week.

[inbrackets] 27/12/2017 11:06

If you are reading this, you're a survivor, congrats.Meanwhile, the pre-Christmas silly drop has benefitted from a post-Christmas sensible reversal. Onwards from here.

[ged5] 23/12/2017 10:22

Thanks Bronco.

I wouldn't take too much notice of the prices. ADVFN is showing 6 bid 5.5 offer. There's also some other strange pricing on my monitor.

Why after all these years of following the markets would I think closing times would be any different? 12.30 it was yesterday and I presume it will be 12:30 next Friday.

Whilst I'm confessing to a "Senior moment" and before they put me away I'd just like to go back to Nucleos and pegmatites.

Although it was explained to me just over a week ago I obviously misunderstood. Since nobody challenged what I was saying I presume others weren't too sure either. Hope this helps:-

“Nucleos”; are specifically defined areas in the Mina do Barroso mining concession area, whereas pegmatites are geological structural bodies that can host mineralisation and that may or may not be within these defined nucleos. The previous owner had identified the nucleos as the areas they wanted to mine first, we are looking for pegmatites throughout the entire concession area.

Definitely finished for the very long weekend now.

Have a good 'un.

[inbrackets] 22/12/2017 22:54

BW! Yes a bizarre drop showing through ADVFN at the close, but not really substantiated by earlier trades. Looks a little manufactured but may then give a lower base for an apparent increase in the share price next week or after the NEw year. Lies, damned lies and stats springs to mind. Anyway at 12.31pm itWas all history.Good Christmas and may a strong following wind blow a gale in 2018.

[broncowarrior] 22/12/2017 15:58

Strange fall today, people must have needed money for Christmas presents.