Savannah Resources Share Discussion Threads

[broncowarrior] 25/9/2017 19:28

Cheers Ged. Agree not much of an RNS today, not something to move the needle in any event.The lithium resource is in such a good spot geographically it really should be a winner and off-take agreements with upfront payments to help fund the mine development but be on the cards down the line.

[ged5] 25/9/2017 16:15

New interview unedited so far.

Update from Oman shortly (4.10)

He loves Portugal! Just wait until they start on Reigoso!

Link on the website Media and webcasts (in header) 25th September article.

[edgein] 25/9/2017 09:43

Hi Ged,

Yes I had looked at the maps as I stated in the post above, I just hadn't read to the very bottom of the RNS the summary section suggesting they'd a mining licence until 2036. That's very unusual before a PFS let alone a DFS. It looks as if they're open to the south and the west at present on Reservatorio and open in pretty much all directions at NOA. You'll be pleased with today's news too as they're targeting all their largest identified targets NOA, Reservatorio and Grandao. Yes their depths are very good for low cost start-up pits as most of the cross sections show they protrude surface and one of the photos shows a mound of sample ore too. Lets hope they can continue on form like the recent excellent drill results. Given the high grade copper copper and heavy mineral assets then lith isn't in the price yet at all and it could shape up to be very substantial, this licenced area is large with multiple targets.

Regards,
Ed.

[ged5] 25/9/2017 09:10

I see we have a nothing RNS this morning to repeat what was said in the interview.

Further drilling started last Thursday.

[broncowarrior] 24/9/2017 19:50

Ged, he can't say it in a non-official announcement, I think he should only say "soon". Oman has been a bit quiet so needs a bit of impetus.

[ged5] 24/9/2017 09:44

I'll go with the no news, other than a general update in the interims.

If it is a regulatory issue, then the worlds gone mad!

Surely a CEO can say in a public interview that news will be announced. Perhaps if there was more openness, there would be less corruption in the financial industry!

For those interested in the copper market, the September monthly press release was issued last Wednesday. (Link to ICSG in the header)

[broncowarrior] 23/9/2017 14:46

Probably means no news or he was accidentally giving market sensitive news and asked for it to be removed.Let's see.

[ged5] 23/9/2017 10:12

Who as?

Note I have edited post 124.

I thought I was going mad but the consensus is that the interview has been edited!

[meteor1] 22/9/2017 20:25

Been on lse!

[ged5] 22/9/2017 17:56

Sorry Edgein, I've been out all day.

I thought you would have looked at the maps. I thought the depths looked very promising. I just hope the next set of drill results fulfill that promise.

Am I right in thinking the project has almost reached its limit at the south end but is likely to have large expansion to the west?

Thank you BW, I'd like to improve it but they limit what you can do if you're not blue.

meteor1, where have you been these past 3 years? Welcome back!

[meteor1] 22/9/2017 14:34

This is now starting to move. Sav is like vast,blue jay, baconara combined.

[broncowarrior] 22/9/2017 13:24

Well done on the thread Ged, looking good.

[edgein] 22/9/2017 09:25

Ged,

Yeah read it all and seen the maps, but has pretty much glossed over the fact that they had the mining licence already in place as this is very unusual at this stage of expo. Yes Reservatorio looks very promising in terms of grades and thickness and is open along strike and at depth so the current ongoing drilling is likely to have +ve impact on the tonnage of the project. Its also very good to see that basically all of these discoveries start from surface greatly reducing start-up costs. Also hopefully the plant in Moz too will show that potentially world class project can throw off some good numbers from the trial production.

Regards,
Ed.

[ged5] 22/9/2017 09:03

Yes, the mining licence will need tweaking but we do have it. Tut Tut it's all in the header which is all factual.

Have you read Wednesday's RNS with maps? This looks as though Reservatorio could be massive

[edgein] 22/9/2017 07:58

Gonna be a busy 3 months here with newsflow expected on all projects. I didn't realise they were in line to be the first major lith producer in Europe due to the fact they've already got the mining permit. That's pretty major news, I just bought as the company expected to find shallow substantial intercepts. So prove up, fund and get the mine into production from a shallow pit with low pre-strip. All looks very positive especially as the bulk tonnage is going up given the 36m of mineralisation etc on the first of these lith targets.

Regards,
Ed.

[ged5] 21/9/2017 15:00

Those interviews seem to have done the trick!

On the move! :-)

[ged5] 21/9/2017 14:38

So drilling in Portugal started today

Oman "update the market in around .........."(4.37 has this been edited? Sure I heard "a week" when I first listened. Not there now. Apologies if this unintentially misled. Always DYOR)

Licensing coming to a conclusion (5.16)

Moz mining licence application this year

Funding-confident

Why isn't this double the sp?

Edited Sat am

[ged5] 21/9/2017 10:34

David Archer:

"Look to reach out to battery manufacturers and car manufacturers. Look to form(?) commercial relationships both around offtakes and investment."

Also another tweet on the website about Mutamba.

Keeping us informed. Are you listening Mr Omani? :-)

[hiddendepths] 20/9/2017 21:00

Relatively.....

Always a seller around, it seems. Strange really.

[broncowarrior] 20/9/2017 17:29

Huge volume today.

[broncowarrior] 20/9/2017 14:44

I don't think so either Ged. Would be good to hear about more momentum on Oman as has gone a bit quiet.My point is more around the funding of the various feasibility studies, that will likely take another couple of placings before they are all complete.They key with fund raises is that they are not squandered on other inflated salaries and are used to add value. My view is the board's interests are completely aligned with shareholders which is why I'm invested here.

[ged5] 20/9/2017 12:10

Funding will always be a concern for junior explorers and miners.

The plan was to get Oman up and running so that Moz could be brought to production. They were confident of obtaining the initial capital expenditure for Oman.

Look at the directors! How many Omanis? Any Omani shareholders? Yet still some think we won't get a mining licence and funding! Those selling now will be scrambling to get back in at higher prices!

Now we have a new kid on the block - Portugal.

Look at some of the research! The talk of automakers doing deals with Lithium miners/producers. We're not Africa or South America but in a European country with good infrastructure. There are many automakers in Europe. I don't think funding will be a problem once we have the Jorc resource.

[broncowarrior] 20/9/2017 11:19

Decent volume today but no movement one way or the other.