Savannah Resources Share Discussion Threads

[hiddendepths] 26/2/2018 07:13

One already!

[ged5] 25/2/2018 11:47

So how many announcements this week?

Full year results.
Drilling results from Mina do Barroso
Jorc resource for Grandao
Amendment to Mining Licence in Portugal
Update on processing plant in Mozambique
Completion of PFS for Mutamba
Fundraising
Mining licence delay in Oman to 2020! ;)
Exercise of warrants

Sometimes investing can be very frustrating. If I hadn't been already, I might have become very cynical!

[ged5] 23/2/2018 10:09

3 tweets from yesterday.

"Growth in Li-ion battery demand will require fundamental changes to battery raw material industries and attendees at Roskill's Battery Supply Chain Europe 2018 conference in Dusseldorf, March 13-14, will hear first-hand from some of the industry's leading lights what those changes might be.

Martin Steinbild, Director, Lithium Business Development, Savannah Resources plc, will discuss "Perspectives for the Lithium Value Chain in Europe"."

Second tweet(one of my 2 per week):

About cobalt, so why tweet?
"Mr Glasenberg noted that supply was “relatively constrained”, as cobalt could not be mined like lithium, but was a byproduct mainly of copper and nickel."

Third tweet:



"We cannot linger. We are expecting a huge spike in battery demand over the next 5 years: The European battery market will be worth 250 billion euros annually from 2020."

Nice article IB. I'll put it in the header.

[inbrackets] 20/2/2018 14:37

Wonder whether the analysts were given a Magic Bus Mystery Tour to Reigoso as well.Mid Nov RNS was expecting final ok's from the Omani ministries by end 2017 with licence early 2018. Would have thought we may have heard that the ministries had confirmed no objection by now, even if the actual mining licence itself remains in the pipeline. 3 months on, Time for an update I think.

[broncowarrior] 20/2/2018 14:09

Good point Ged, will see if it is one continuous resource. Let's hope so!

[nick9013] 20/2/2018 10:10

Moving on nicely, a few months I might even be back.

[ged5] 19/2/2018 12:56

Campo de Futebol is about half way between Reservatorio and Grandao. So drilling there should give us a very good indication of how big the total resource at Mina do Barroso will be.

Lagging a little behind the timetable given on page 18 of the October presentation but with the diamond rig now on site perhaps they'll catch up.

Measured JORC by August? Will the Oman licence be granted by then? ;))

[ged5] 19/2/2018 11:33

Latest tweet:-

"RC #Lithium drilling underway at Campo de Futebol deposit on #MinadoBarroso Mining Lease in #Portugal with diamond rig also now on site to accelerate Mineral Resource drill out."

[broncowarrior] 17/2/2018 15:01

Going to be a lot of interest so good to get on their radar.

[ged5] 16/2/2018 16:32

So analysts have visted Grandao according to the latest tweet.

I wonder who they were?

[teemore] 15/2/2018 00:33

Aitik (Boliden) digs out Cu at average grade of 0.3%, but quantity blasted in their surface mine is huge at over 30m tonnes/year.

[edgein] 14/2/2018 12:25

Ged,

Well you get a feel for what's good, what's really good and what's commercial. Copper can be commercial at 0.5% and sometimes less depending on depth and quantity etc. So lith trades at twice that around $14k per tn. So you'll get companies like REM/KDNC and EMH with grades of 0.4-0.7% with large tonnage, still commercial. Then on the other extreme you have the likes of PREM and that other ozzie miner that you mentioned with grades of 2%+ but PREM for example have smaller thinner viens. SAV and KOD are certainly towards the upper end compared to the likes of KDNC/BCN/EHM, SAV has the advantage of some really substantial intersects our best is around 100m, and more of 30m that's excellent given the 1%+ grades and up to about 1.5% (similar to 2-3% copper equiv, pretty similar to Omani assets). Strike lengths building up well too from this expo I bet, but we'd need new maps to see these holes for KOD and SAV to see what areas have now been drilled, but all in due course. I'm looking forward to some good numbers from Grandao throughout the year too, maiden resource will be a good start but drilling is going to be continuous and soon with the diamond rig on site too to get good cores for the metallurgy and eventual scoping study/PEA. These will be all in the next few months if we keep on this fast track approach.

Regards,
Ed.

[ged5] 14/2/2018 10:06

Yes Ed I wanted your thoughts on the Lithium grades since KOD keep reporting high grades.

I'm only self taught on interpreting drilling results. I think Highly Geared and yourself have a better understanding. Since you've mentioned KOD previously I asked for your thoughts.

By mentioning the other points prompted another good post. So we got a bonus. :)

Good for lurkers to read as well.

[edgein] 14/2/2018 09:25

Ged,

Thought you were just comparing like for like on the lith assets. As a whole SAV is much much bigger as you suggest. What looks like a world class titanium project with Rio T, a future cash cow, very respectable grade, copper project in Oman with large expo upside and then these potentially globally significant lith assets in safe old Europe. I hold a considerably larger value holding in SAV than KOD for those reasons. KOD is much higher risk as you suggest but still has multibag potential just on the lith. Agree though having a mining licence for the lith already in place, not just the expo licence is very significant. I guess its why DA expects us to be one of the first European lith producers and he keeps hinting at fast paced production and development on this substantial discovery. It'll be interesting to see where Grandao starts and finishes this year reserves wise. If they can get Oman to production as planned they'll be really set up on all the assets.

Regards,
Ed.

[ged5] 14/2/2018 09:12

Thanks for your comments Ed.

Early days but both looking good then.

To add to your comments SAV has a few more advantages:- mining licence for 7Mt, infrastructure, closer to port and government support in a more politically stable country. Plus of course 2 other excellent assets.

[edgein] 13/2/2018 18:01

Ged,

Good interview from DA, still thinks we'll be ahead of the game when it comes to production. Yes good grades and decent widths of mineralisation over at KOD. Potentially a smaller tonnage to SAV given the very thick intersects we have here. But then again KOD use a 1% cut off which is quite high, hard to say how much more substantial the intersects if they had used 0.5%. So at this stage both companies have high grade and open along strike and different directions etc. I think SAV will pip them on tonnage from gut feeling when fully explored but KOD is looking very cheap at £12m. I still hold both.

Regards,
Ed.

[ged5] 13/2/2018 14:41

Good grades again from KOD.

How do you think they compare Edgein?

A few nibbles today. Yesterday's news digested?

[ged5] 12/2/2018 12:14

A very upbeat David Archer.

[ged5] 12/2/2018 11:17

Not so much for the article more for the video from 17th January towards the bottom of the page:

"Why Toyota's Trading Unit Is Investing in a Lithium Miner"

I wonder if Martin Steinbild is busy?

EDIT: I've changed the link. The proactive link is on the SAV website

[ged5] 12/2/2018 10:32

21 holes for 1523m drilled since 13th December update.

Delay in use of 2nd rig which should have been introduced in early January.

Further drilling required at sufficient spacing to define a mineral resource at Grandao.

On track for a new mineral resource estimate in 1st quarter (7 weeks)

Metallurgical test work expected to be completed 1st quarter.

3 more target areas to be drill tested.

Grandao to be tested at depth

So by the time the pancakes have been forgotten and we're stuffing ourselves with chocky, an awful lot of work will have been done.

[highly geared] 12/2/2018 07:54

Those mineralisation depths are superb; 50+ metres of LiO2 from one hole is outstanding. Looks like this is shaping up to be one of 3 company maker assets. Just need Oman permitting sorted!

[edgein] 12/2/2018 07:48

Cracking results again, very nice thick widths of lithium mineralisation and they're talking an accelerated/aggressive approach to the project, so it all sounds excellent. Reservatario and Noa are both very useful add-ons to this significant growing resource. Looking forward to the JORC for grandao when it comes. Excellent start to what looks like a very very promising year for SAV. Might get news for those final two permits from Oman soon too.

Regards,
Ed.

[broncowarrior] 12/2/2018 07:17

Grandao results are in! Looks promising. No bonza grades but hitting stuff every time they find it.