Savannah Resources Share Discussion Threads

[mandolinian] 18/3/2024 15:56

Don't know why it put a question mark at the end of that post. My fault for using emojis (smiley face)

[mandolinian] 18/3/2024 15:55

In years gone by, the deadlines in that presentation would suddenly have jumped forward by a year..... but not this year ?

[ukgeorge] 18/3/2024 14:40

Strong buying still coming in :) 1m at 3p

[inbrackets] 18/3/2024 11:30

Conditions'..... all par for the course.

[ukgeorge] 18/3/2024 10:44

The electric car battery factory planned for Sines obtained a favorable Environmental Impact Declaration (DIA), but subject to compliance with conditions defined by the Portuguese Environment Agency ( APA ).

[ukgeorge] 15/3/2024 10:20

Time will tell, hopefully back to 3p soon.

[broncowarrior] 15/3/2024 08:32

Reckon the large investor is going to try to get to 10% and he then has to give an indication of his intentions. Maybe looking for a takeover while the price is suppressed.

[garykc] 15/3/2024 07:19

Over 5% holding now.

[inbrackets] 13/3/2024 19:54

I don't think so.The reaction to the investigation last year was immediate and understandable. That said, it is perhaps increasingly understood that SAV's nose is clean. Meanwhile they have progressed onwards with what they need to do towards the EIA and DFS. The drilling results are starting to roll in and are favourable. The financing / Jv process is now into the second stage, now based with the drill results. The elections are over so decisions can at least be made whichever way. Meanwhile the clock keeps ticking on towards approval. Europe needs something in place and there are limited options available that are going to cut the mustard.Maybe the balance of probability/ the past 3months of discounted prices and the prospects are being r3cognised rather than words in the ear of a friend.

[themightyali] 13/3/2024 19:12

You do wonder if the aroma of the deal cooking is leaking out

[ukgeorge] 13/3/2024 17:20

Funny how so few people follow this company. The years of IR being non-existent.

Roll on a great off take deal/partnership, that will fund the project.
Or even some money from the EU.

They said April/May that something could come through. Certainly judging by the share price looks like something is coming.

[ukgeorge] 13/3/2024 11:07

From Yesterday Savannah Resources* (SAV LN) 2.3p, Mkt Cap £42m – Infill drilling at Pinheiro return best grades seen at Barroso to dateBUY – 21.1pThe Company released drilling results from the ongoing infill programme at the Barroso Lithium Project in Portugal.Drilling intersected rich spodumene mineralisation at the Pinheiro deposit (2mt at 1.00% Li2O, ~7% of total MRE) returning highest grades to date from the project.Selected intersections included:76m @ 1.85% Li2O from 24m in 24PNRRC024 including 39m @ 2.21% Li2O from 38m and 10m @ 2.28% Li2O from 80m.46m @ 1.65% Li2O from 84m in EX7 (hydrogeological hole) including 14m @ 2.15% Li2O from 97m.85m @ 1.45% Li2O from 45m in EX9 (hydrogeological hole) including 39m @ 2.15% Li2O from 59m.Results received are from five exploration and two hydrogeological holes.Results from the sixth RC hole as well as two diamond drillholes completed for metallurgical sampling are currently outstanding.RC holes were orientated at oblique angles to the dip of the mineralisation due to access and topographical limitations.Hydrogeological holes were drilled vertically around 150m below surface confirming extension of mineralisation at depth, although, both ended in mineralisation given primary purpose of drilling was hydrogeological data collection.Two RC holes testing northern extension of the orebody missed the mineralisation suggesting that pegmatite veins are trending northwest rather than north-south as interpreted previously.Diamond drillholes were completed at a more orthogonal angles and are expected to be more representative of true widths of the mineralisation that is estimated to be 25-35m wide.Conclusion: Infill drilling at Pinheiro returned highest grades seen at the Barroso Lithium Project to date that potentially may lead to an upwards revision to resource grades as the team is aiming to convert 2.0mt 1.00% Li2O total resource (all inferred) into higher category and ultimately into reserves. In addition to infill drilling, the team is progressing hydrogeological and metallurgical drilling as FS related work continues at pace.*SP Angel acts as Nomad and Broker to Savannah Resources

[ukgeorge] 13/3/2024 08:45

Yes creeping in the right direction.

"Overall, 12 sample intervals reported greater than 3% Li2O, with 3.85% Li2O (77m-78m) and 3.65% Li2O (79m-80m) from hole EX9, and 3.53% Li2O (62m-63m) from 24PNRRC024, being the three highest grade intercepts from the Project to date."

"Savannah's Chief Executive Officer, Emanuel Proença added, "These latest drilling results from Pinheiro are a great reminder of the Project's remaining geological potential. They may also prove to be economically significant for the Project as a whole. Pinheiro is the first deposit we plan to develop in our sequential mine plan, so any upside we can capture on tonnage, but particularly grade, in our new resource estimate for the orebody could have a beneficial effect on early cash flow during the first year of the operation. We're all now looking forward to the remaining results due from Pinheiro.""

Higher grades in the starter pit
Higher NPV
Higher IRR
Quicker pay back

An off take partner should be the real catalyst, which could arrive within a couple of months.

[goodday1] 13/3/2024 07:41

May it continue, onward & upwards.It is a long way to production but we seem to be creeping in the right direction.Gl all

[flc] 12/3/2024 16:18

Good to see it back on the move :-)

[ukgeorge] 12/3/2024 12:54

Roll on 3p and higher when we get a deal signed with one of the many wanting an off take agreement,

Funny how Rio Tinto was scrambling to buy lithium companies back when prices were at record highs and now seemingly steering clear of the market when valuations are much lower.

[ukgeorge] 12/3/2024 12:52

A 5.5 million late reported buy from yesterday just popped up. Nice for those in the know.

[broncowarrior] 12/3/2024 10:25

Good drilling results. Had missed that Times article, very unhelpful. The financial benefits of the mine remain compelling.

[inbrackets] 12/3/2024 10:23

Opportune timing of a good set of drill results, likely to take the BLP over the 50mt mark when resource upgrades come out (if not immediately then earmarked for the future).Looking at the woeful state of the other EU based hopefuls, today's results should make SAV stand out at the Benchmark Giga Europe conference in Stockholm that started a couple of hours ago.More flesh being put on the bones and gaining weight.

[ukgeorge] 12/3/2024 10:05

The company is massively under the radar of most investors, thanks to the years on delays and zero IR.

What we do have going for us is that the project is in Europe, and although this has meant years of bureaucracy we at least should have a stable fiscal regime. Unlike my Ghana lithium play which is having to pay 10% royalty and 13% free carry.

[ukgeorge] 12/3/2024 09:38

Great to have some more good news.

Roll on finding a decent partner to progress this project.

[goodday1] 12/3/2024 07:41

Oscar1210, Posts: 94, Price: 2.16RE: More big buys, Today 07:30 on LSE.Considering sav and others are being investigated for corruption Regarding the mine etcSav being innocent of all charges -we think-.There's certainly been a nod and a wink regarding these resultsCould have made it less obvious with yesterday's trades.--We are innocent until proven......We should be whiter than white, however, yesterday's trades stinks.It is Aim after all.Slowly slowly.Gl all

[ged5] 12/3/2024 07:21

Best results so far.

[inbrackets] 10/3/2024 22:57

I've just read the article. Little attempt to be balanced or question anything and seems to assume guilt. I do hope that the author (ess) is required to justify the comments, write a piece to balance, or retract.With younger people leaving not only the region but the country, the same people trot out to argue against the mine (helping to produce the batteries to keep their mobiles ringing) as they vie for the honour of being the last surviving resident and turning off the lights off.Elections over, centre right in play with the potential to form a gov.