Savannah Resources Share Discussion Threads

[highly geared] 28/5/2019 17:59

SSJM ; nail on the head there. How much has been spent on Oman?

[seagullsslimjim] 28/5/2019 17:56

unfortunately some will see this as the classic AIM one trick jam tomorrow pony with past failed ventures and which may lead to us seeing the highs 4's again price wise

Oman and Moz were meant to be the big game changers, but have now been brushed under the carpet as Lithium is way to go now and a nailed on banker.

Then again, weren't Oman (announced 5yrs ago next month) and Moz too at their respective times ?

Aim is fickle and doesn't take to past failures too well and the delayed promises of jam tomorrow!

[biopop] 28/5/2019 08:55

the market clearly unimpressed by the whole Oman fiasco. Mozambique moribund. We need some deals signed on Portugal - not just nice presentations and tweets about Vw/lithium batteries

[greatfull dead] 26/5/2019 16:22

Could not happen here but an excellent idea.

GLA,
GD

[highly geared] 22/5/2019 17:34

Excellent presentation.
Oman dead in the water.

[greatfull dead] 22/5/2019 12:45

I finished reading the May 2019 presentation, a long read and so much to digest.

Log on and went straight to the SAV bb just to find some great posts where posters have digested and dissected the content and shared them. Thank you all.

A few pages caught my eye, Page 8 to 111. Decarbonising EU Transport with LI batteries. Some real interesting figures.

A little reference to European Government current policies on EV and IEC's

EV & IEC's sales and projected sales figures across Europe, really interesting and oh so positive for lit. If my investments come to fruition (some are close to it), then my next vehicle will be an EV.

I will also definitely be topping up in the near future.

ATB,
GD

[edgein] 22/5/2019 11:54

Ricky,

Agreed, they're sure as tightly packed in there as at Grandao, was thinking the same thing when putting that in my message, they could be looking for Indicated rather than inferred on some of that new high grade discovery. What they have now should be squeezed in especially as the updated reserve is coming this month (I'm hoping for 27Mt+). Should be enough time to incorporate that into the DFS.

Regards,
Ed.

[rickyhatton] 22/5/2019 11:11

The "tightly packed" drilling is surely no accident and might get some of the inaugural block A resource into "indicated" and into the DFS with more use leverage of Aldeia.
This announcement trailed for next week may signal the final DFS drilling cut off (though they have so much more to explore!)for producing the DFS and what gets included.

"As stated, the current 23Mt resource is spread across only four of the eight pegmatite deposits on the Mina do Barroso (C-100) Mining Lease area identified to date. We plan to add to these resources over time to extend the anticipated production life of the mine past the 11 years used in the Scoping Study."

[edgein] 22/5/2019 10:33

Amazing pace too, whenever I first bought SAV they were about to start drilling Portugal (I bought for Moz). They were behind KOD who had been drilling for some time. Now SAV have a higher tonnage, at a higher reserve classification too, and are planning production for late next year. KOD are still getting together their mining licence application. SAV could well be in production before KOD even get a mining licence. So remarkable progress has been made and continues to be made in Portugal and it sounds as if the Portuguese government is behind their lith development (wants to cash in on the EV boom). Good to see VW also recognising southern Europe as a lith producing region for the EV boom as that's pretty much us.

Regards,
Ed.

[edgein] 22/5/2019 10:27

Hi Ricky,

It seems like its mainly been RC drilling on block A for Aldeia, we'll certainly be heading towards 30Mt on the updated JORC imo. The high grade shallow nature of Aldeia will be very positive towards the DFS too. All of this relentless drilling will be incorporated into that. Some of the 2019 drilling has went to around the northern boundary of Grandao, some central Grandao reserve reclassification as you say and most has been on the new discovery (pg 14). So yes there should be some increased tonnage to Grandao, some reserve upgrade there too, and first booked reserves on what looks like a tightly packed shallow drilling programme on Block A. Ultimately I believe the potential for SAV lies well beyond 35Mt. Once in production and Portugal's main producer they should be able to get even more licences etc beyond the significant acreage they already have. With around $10m in the bank plenty more of these shallow holes could be drilled. Exciting times in the next few months.

Regards,
Ed.

[rickyhatton] 22/5/2019 09:50

Ed - looks like the 23.5Mt will increase substantially next week, with the the first Block A Aldeia resource announcement being trailed for including in the DFS and extending LOM, and maybe some other increases elsewhere on the plots or moves to "indicated" etc

"In total the three blocks (blocks A to C), currently owned by private Portuguese company Aldeia & Irmão, S.A. ("Aldeia") cover an area of 2.94km(2). Our initial reconnaissance work identified a number of similarities to the deposits on the Mina do Barroso Mining Lease and our intensive due diligence drilling has now consistently intersected a lithium bearing, spodumene dominant pegmatite with grades up to 2.0% Li(2) O over a strike length of more than 250m and a vertical depth of over 120m from near surface. We believe the potential for the presence of a significant mineralised body has been indicated"

[edgein] 22/5/2019 08:57

Ricky,

Very interesting read that one. It seems they're planning to go down the lith hydroxide route in Portugal with a plant near Porto (perhaps SAV involved, perhaps not, we'll see in the DFS). Would be an excellent move for SAV. When they started out in Portugal they thought they'd get to around 20Mt. Now 23.5Mt and think they can get to 35Mt and all these discoveries are open in all directions. Two world class projects on the go here, interesting too that they think MdB can be in production towards the end of next year. Must be relatively close on the funding. DA did say in the finals that they expect to progress permitting and funding and add significant shareholder value this year. Gonna be an exciting few months ahead after the release of the DFS. Also the increased byproduct prices also make an already industry beating SS even better. A lot of projects come in like Moz for example with an IRR of around 20% with 3-4 year payback. MdB is around 50% IRR with a 2.1 year payback. That's the quality of the asset they're sitting on.

Regards,
Ed.

[rickyhatton] 22/5/2019 08:22

From the presentation.See slide 15
News on Aldeia and a resource upgrade imminent

"Aldeia Block A Deposit Current Resource: Expected in May 2019" !!!!

[ukgeorge] 21/5/2019 10:18

This is quite a nice read

Outlook

2019 is set to be another critical year for Savannah. If we are able to execute our plans across our project portfolio our company could see material changes in its size, status and, potentially, its value.

Our immediate next steps across our projects are clear: to conclude the appraisal process at Mina do Barroso, taking us to a development decision point on the project; to receive the award of the outstanding mining lease applications in Mozambique and complete the Pre-Feasibility on the Mutamba HMS project; and to conduct a strategic review on our Omani copper projects, which will allow us to provide shareholders with clarity on our plans for those properties in due course.

As ever, I am extremely thankful for the continued efforts of our management and operational teams which drive the evolution of Savannah. Equally, their efforts could not be maintained without the ongoing support of our shareholders. My thanks to you all, and we look forward to continuing to build the value of our company for the benefit of all stakeholders throughout 2019.

[ged5] 21/5/2019 09:13

Only glanced through the results so far but for me the main thing is we've still got a good amount of cash.

Agree paleje, it looks as if Oman will be relinquished.

Thinking back, the strategy was to get Oman into production and the proceeds would be used develop Jangamo. Well now we have Mina do Barroso which is developing rapidly and Mutamba which will be a monster asset.

Let's not forget the first use of the new logo in an official document and the website.

40% of market needs? Can't locate the exact wording at the moment but WOW.

Although only a small point but was personally pleased to see a statement emphasising the effect of the increase prices for feldspar and quartz.

[cpap man] 21/5/2019 09:05

KAV



Some nice words in the morning note from the highly respected mining analyst John Meyer at share price Angel ref: LSE:KAV / www.kavangoresources.com /Tw*tt*r = #KAV



Kavango Resources (KAV LN) 3.6p, Mkt Cap £5.7m – Laws of probability to be rewritten after Kavango strikes mineralisation in first and second drill holes under Karoo sand in Botswana

Kavango, which is exploring for a large-scale bushveld igneous-type mineralisation reports results from a second drill hole in Botswana.

The team which are highly experienced in the geology of the region have used geophysical data and remote sensing to establish drilling locations.

Remarkably, the first drill hole hit mineralisation under the sandy Karoo sediments
Even more remarkably the second drill hole is reported to have also hit mineralisation including copper in chalcopyrite with a 1.5% XRF gun reading. X-Ray Frequency gun readings are not considered to be reliable due to their potential for miss-reporting but we do place some value on the readings when in the honorable hands of Messrs. Foster and Moles.

The first drill hole hit a 200m zone of intensely altered rock with indicative cobalt values of up to 0.9%, averaging 0.2% cobalt and >70m of elevated copper, zinc, lead and nickel values.

Conclusion: Kavango is worth watching and we await results from drill core assays. While we never doubted the skill of the geological team we are surprised and impressed to see two sets of mineralised results in so short a time frame. Well done team!

[edgein] 21/5/2019 08:29

Pale,

Yes looks like the review will potentially say sell off Oman. Moz slowly grinding forward African-style feasibility there will be interesting as will the MLs. Portugal strong pipeline of news ahead on many fronts from reserve upgrade, permitting, funding, partnerships etc. Still heading towards significant shareholder value increase. Going on a PR campaign to the Geemans would be a good move and across Europe, get investor interest up over there. SAV are at the head of the queue in terms of future project development of Lith.

"2019 is set to be another defining year for the now 100% owned Mina do Barroso lithium project, with the expected conclusion of the Definitive Feasibility Study, as well as significant developments in relation to permitting, funding and offtake agreements. I look forward to providing regular updates as we look to rapidly advance into production and build shareholder value."

Market is gonna get a rude awakening later this year imo.

Regards,
Ed.

[the deacon] 21/5/2019 08:12

I think it's the right decision. They've landed on their feet with Portugal. From a resource and a jurisdictional support point of view, it has plenty of scope and huge potential.

[paleje] 21/5/2019 07:57

Looks like we're throwing the towel in re Oman, what a mess we'd be in without Portugal. Still that's business look forward not back but it's a pity they weren't more realistic along the way.

[the deacon] 17/5/2019 18:23

A couple of good videos on Nano One. Ignore the German Intro in the first one. Highly recommended viewing though. Its always an education listening to Dan Blondalhttps://youtu.be/5NplZ2cmiuIhttps://youtu.be/PwYn5y91Bzc

[ged5] 17/5/2019 18:15

Poor week again share price wise. Great week news wise.

Perhaps not the best place for Portuguese lithium but better than China.



Have a good weekend.

[ged5] 17/5/2019 15:20

Thanks for that insight, Deacon. Worth a bit of reading over the weekend.

Nano One’s cathode material development program includes enhancements that are designed to prevent chemical side reactions, for improved safety and longevity. These enhancements apply to Nano One’s NMC and High Voltage Spinel cathode materials. NMC batteries are critical to long range electric vehicles, while High Voltage Spinel has long term strategic value because it enables high energy densities, fast charging, and is free of cobalt and the associated supply chain risk.

Mr. Blondal said, “We are collaborating with industry leaders to identify the most promising cathode materials for next generation lithium ion batteries, and we are working to convert these leads into partners, as we did recently with Pulead Technology and Saint-Gobain. Nano One is executing on its plans and is well positioned to capitalize on rising automotive interest in both electrode technology and solid-state lithium ion batteries.”

[the deacon] 17/5/2019 14:46

It's worth taking a look at some of the recent interviews from Nano One. Essentially, these guys work on other companies battery tech, and make them better, more efficient etc. They're way ahead of the curve in this space, and have recently signed some agreements with the Chinese and other big industry players. They, as well as many others, are working on ways to eliminate the need for cobalt. Cobalt is used to stabilise the battery, but there's a big push to get rid. They're very bullish on lithium, vanadium and nickel.

[edgein] 17/5/2019 14:10

Ged,

Exactly, those African countries tend to be very slow on issuing mining licences. Hopefully we'll know more soon. Agreed, seems pretty inspired now to hold off on the DFS until we got the new areas in, should be a healthy boost to over all tonnage and LoM.

Regards,
Ed.

[ged5] 17/5/2019 11:20

Good points, Ed, especially about debt funding.

Back in February DA talked about the ML in Mozambique. "Watch this space" was his remark.

The company are obviously expecting news but what can they do with these slow governments?