Savannah Resources Share Discussion Threads

[ged5] 29/7/2020 16:28

Alexandre,

Strategic opportunity to become the first significant lithium producer in Europe having acquired the Mina do Barroso prospect in northern Portugal;

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 by the end of 2018;



I know there have been delays but are you telling us that we've been consistently lied to?

The 16 years is now part of an official announcement.

Now you've admitted posting garbage either tell us the price you're hoping to buy in or better still clear off with your misinterpretations.

[ged5] 29/7/2020 16:16

Promoting their own video in the latest RNS:-

[highly geared] 29/7/2020 15:27

Hearts and minds and all that... 😆

[edgein] 29/7/2020 14:48

Ged,

Cheers fella, might soon be time to get these out of the bottom drawer. After all that rapid fire drilling at MdB its taken ages to get the DFS out. I hope that DA is working as hard on getting funding from Europe as he is on these snazzy ad campaigns. that's an ad/video today even Greta would be proud of.

Regards,
Ed,

[alexandre martins c de lima] 29/7/2020 14:27

Currently, there is no mine. Full stop. What exists is a exploitation CONCESSION for "for another 16 years extendable for another 20 years." To turn that into an operational mine, EIA needs approval etc.

EIA is with the national authority APA and their institutional partners. And yes, you're right, it has not been published officially.

Well, your calculation, based on a faulty assumption. Promotional ads are usually a weak source for reliable information.

[ged5] 29/7/2020 11:49

Anyway, what's your problem with SAV. Do you live near the mine?

[ged5] 29/7/2020 11:42

From your link:-

The time in which, through the employment of the available capital, the ore reserves--or such reasonable extension of the ore reserves as conservative geological analysis may justify--will be extracted.

So what's your point?

[alexandre martins c de lima] 29/7/2020 11:37

Evidence? "1.30 in the film" says so. Closure is defined in the EIA.

Including construction and closure in the Life of Mine is anything than standard procedure. Need more evidence? hxxps://www.mindat.org/glossary/life_of_mine

[ged5] 29/7/2020 11:06

The only gibberish I've seen was in your three posts. Evidence to back up your comments?

[alexandre martins c de lima] 29/7/2020 10:34

> 45% increase in life of mine.

Just marketing gibberish like the whole promotion clip made up of a few drone videos and stock imagery. The 'raise' of ML was achieved only by the card trick of including non productive construction and closure phases.

[ged5] 29/7/2020 10:01

I didn't notice any mention of Mozambique in RIO's half year results. Did anybody?

[jotoha2] 28/7/2020 11:04

Lets hope so , have serious money sitting here collecting dust .

[ged5] 28/7/2020 11:01

About 50% rise at one point for EMH with a sniff of an agreement.

Just two months ago SAV signed an agreement with EIT.

I think things are beginning to happen here. Belatedly I admit. I may be wrong but I just feel the fortunes for SAV are about to change.

[jotoha2] 28/7/2020 10:49

All lovely stuff , share price clearly reflects so. Now if there was a sniff of an agreement then whoopee !

[ged5] 28/7/2020 10:40

Scoping study: Life of mine ~11years
Today: Life of mine 16 years (at 1.30 in the film)

45% increase in life of mine.

[ukgeorge] 28/7/2020 10:18

Yes nice video.

chart looks primed for a spike higher, although I can't think of any reason to justify it.

[inbrackets] 28/7/2020 10:04

Got to give it to them, a professional, uplifting sell, as they say el futuro. Finally putting the case forward after the months (years) of preparation.

[ged5] 28/7/2020 09:35

Well after that little look into utopia it looks like SAV may be branching out.

App development or film making?

[ged5] 28/7/2020 09:27

Good morning IB.

I must check up on that agreement.

Looks like they're stepping up public relations:-

[inbrackets] 28/7/2020 09:13

Ged, hi.I read through EMHs RNS this morning. Got the impression they are looking towards battery storage rather than EV grades and it has certainly put another log on the fire under their so this morning. One section I noticed was "Developing relationships with EIT InnoEnergy's partner offtakers, with the intention of facilitating and advising on the negotiation of offtake agreements, potentially including offtake pre-financing; ""off take pre financing". Wonder if our EIT agreement includes this possibility should it be needed.

[ged5] 28/7/2020 08:31

And today is Tuesday.

Interesting paragraph in EMH RNS this morning.

"The clear mandate of the EBA250 and EIT InnoEnergy is to secure raw materials, technological development and industrial production of modern energy technologies in Europe, for Europe to be largely self-supporting in these critical sectors. Lithium is central to this as the single most critical metal required for almost all energy storage technologies - as the lightest metal and with the highest charge density to mass ratio, it cannot be replaced."

Hasn't DA had connection with the EBA?

[jotoha2] 28/7/2020 07:30

There will be no mine construction taking place until at least take of agreement is in place and or permits are confirmed , at this stage its just a dream , and DA is still asleep.

[highly geared] 27/7/2020 18:08

The DFS will be 2 years late on the timescales provided by DA back in 2017.

I get the reasons and I hope there’s a plan, but assuming the environmental and mining permits are granted in Q1 2021, Finance must be agreed concurrently, so we don’t sit around as the lithium EV battery cycle passes us by. I’d expect mine construction to commence by H2 2021 with first production in 2022, otherwise, what are they doing in the 7-10 month review by the authorities?