Savannah Resources Share Discussion Threads

[paleje] 10/8/2017 20:26

Inbrackets,

Thanks that clarifies the massive, I did think it was an odd word to use.

[ged5] 10/8/2017 12:36

Yes I suppose it's like a massive sulphide. First time I've seen it mentioned with pegmatite.

Another proactive piece on the website - media and webcast section. Link in header.

" “We are delighted that our maiden drill programme in Portugal has successfully extended the strike and depth extents of known pegmatites at the Reservatorio and Grandao deposits,” said chief executive David Archer.

“Crucially, both deposits remain open along strike and down dip, and drilling is yet to commence on our third target area, NOA.”

He added: “All three targets are located on the key Mina do Barroso tenement, which has 21 years left to run on its 30-year mining licence, meaning that with a defined JORC resource a development decision could be made by the end of 2018.

“The first set of mineral samples have been despatched for assay testing and analysis and I look forward to providing Savannah's shareholders with the results of this analysis in due course, alongside updates on our ongoing drill work."

[hiddendepths] 10/8/2017 11:36

Topped up.

[inbrackets] 10/8/2017 10:17

Palje, massive has a geological meaning.massive rock - A rock that is little or not at all broken by joints, cracks, foliation, or bedding, tending to present a homogeneous appearance.Doesn't mean that what they have hit on is small or big, just that its 'clean and solid in one block' kind of way.

[ianbag] 10/8/2017 09:20

Yes looks very promising for grades and then jorc. all buys this morning so far - although not much volume, however we have just ticked up. Just not on many PIs radars yet I guess.

[ged5] 10/8/2017 09:01

Lots of white stuff in the picture posted in the latest tweet.

[ianbag] 10/8/2017 08:49

probably just not on enough radars yet - may get a delayed response over next few days as word gets around - and of course when the assay results come back

[soulsauce] 10/8/2017 08:41

Yes more good news but strange the market does not seem interested in the lithium?

[ged5] 10/8/2017 08:35

That caught my eye as well paleje.

Morning Ianbag! I've just been getting ready to take my wife to hospital.

I'll be more interested in the grades of Lithium Oxide when the assay results are announced.

[broncowarrior] 10/8/2017 08:29

Posted a wise few words on the other thread, this news looks v good.

[broncowarrior] 10/8/2017 08:28

Nice news, always like it when DA uses the word delighted. Should be loads of opportunities to monetise that asset, whether proving it up and selling it on or developing and producing ourselves. Per that Times article a few weeks' ago, any major success here and the big players are likely to come hunting. Exciting times.

[ianbag] 10/8/2017 08:28

Paleje I believe pegmatite resources produce lithium carbonate in days, whereas alkaline discoveries such as those in Argentina and China produce lithium chloride which then needs to be converted to lithium carbonate this takes much longer depending upon evaporation rates. So commercially pegmatite projects should have higher npvs I would presume.

[ianbag] 10/8/2017 08:10

Good progress being made in todays RNS - looks very undervalued now on risk reward

[ianbag] 10/8/2017 08:07

Morning Ged5 - the day the news drops and you are quiet - I guess on holiday - still good news today - price not budged yet though

[paleje] 10/8/2017 08:06

Looks positive to me and moving quite fast, assays to follow. If good progress continues we 'could' see a development decision by end of 2018.

What does he mean by 'massive' pegmatite intersected. I'm not technical, it sounds like the sort of word rampers use but DA isn't a ramper.

[ged5] 03/8/2017 13:46

The video in this link given in today's tweet on the SAV website is worth a watch.

[ged5] 02/8/2017 10:15

Unsurprisingly no mention of Mutamba in this mornings half year results from Rio since SAV are doing the work.

However there were a couple of paragraphs about Titanium Dioxide:-

"Titanium dioxide feedstock demand recovered further in 2017 first half as the industry continued to absorb excess inventories, coupled with underlying pigment demand improvement in all major regions. Zircon prices have increased due to short-term supply tightness. Underlying demand remains largely flat, although nascent growth is observed in the North American market."

"Titanium dioxide slag production was 34 per cent higher than 2016 first half, reflecting higher market demand. The rebuild of a furnace at Rio Tinto Fer et Titane (RTFT) leaves only one of nine furnaces at RTFT idle, along with one of four furnaces at Richards Bay Minerals (RBM). RTFT expects to operate eight furnaces for the remainder of the year, compared with seven in 2016."

Very quiet this morning! The second of the two most popular holiday weeks in Britain (source: my memory!). What about the rest of the world?

[ged5] 01/8/2017 10:12

Since we have 102Mt of ilmenite in Mozambique including 92Mt at 6.2% THM, it is worth noting the comments about the ilmenite and Titanium Dioxide market in this morning's RNS from Alba Mineral Resources.

"Ilmenite and the Titanium Dioxide Market

Ilmenite is the primary source of titanium dioxide, TiO2. Titanium dioxide is mined as ilmenite, rutile or, in lesser quantities, leucoxene. It is a dark coloured mineral which, with processing, becomes white and opaque. It is primarily used as a whitening pigment in paints, plastics and paper. Other uses include the manufacture of titanium metal.

Titanium dioxide feedstocks are graded by their titanium dioxide content. Feedstocks are either sold as raw minerals (rutile and chloride or sulphate ilmenite) or as processed or upgraded feedstocks, whereby ilmenite is processed to increase its titanium dioxide content. Upgraded feedstocks are synthetic rutile, chloride and sulphate slag and upgraded slag.

Titanium dioxide feedstocks are used predominately for the manufacture of pigment due to its opacity, UV resistance and non-toxic properties. This pigment is in turn used in paints, paper and plastics. Use in pigment accounts for approximately 80 to 90 per cent of total global demand for titanium feedstocks. Titanium metal and welding flux cord wire jointly account for the remaining 10 to 20 per cent of demand. Historically, demand for titanium feedstock has grown broadly in line with global GDP growth (source: Iluka Resources Ltd).

According to Lucintel, the global titanium dioxide market is expected to reach an estimated $18.2 billion by 2021 and is forecast to grow at a compound annual growth rate (CAGR) of 3.4% from 2016 to 2021. The major growth drivers for this market are growing demand for titanium dioxide in end use industries like paint, coatings and plastics. The Asia Pacific region is expected to remain the largest market due to growth of those end use industries, economic expansion in India and China and growing consumption of paints and coatings particularly in the automotive and construction industry (source: Lucintel, January 2017)."

[ged5] 01/8/2017 09:17

Worth keeping your eye on the website. They tweet regularly.

[hiddendepths] 01/8/2017 09:01

Thanks Ged. Tempted to top up.

[ged5] 01/8/2017 08:44

It seems that drilling in Portugal is going well.

Latest tweet on the website.

[ged5] 31/7/2017 13:28

It was being pumped last week at .4. I was tempted but Zimbabwe isn't for me. Some will have made some good money when it went to almost 1p.

Very slow start to the week here, which could give those who are looking for lithium projects a good opportunity.