Savannah Resources Share Discussion Threads

[broncowarrior] 14/5/2018 07:40

Finally. Hopefully the mining lease a formality now. In the next 12 months we should start earning some cash!

[paleje] 14/5/2018 07:34

Looks like Oman's got the green light. Just rubber stamp from PAM hopefully a formality as it seems the country is taking steps to make its mining industry more attractive to investors, very good news.

...In light of the very favourable copper price environment and strong interest from potential off-takers for high-quality copper concentrate, we are excited to be moving closer to being the first new copper mine development in Oman for a number of years and look forward to finalising the licensing process with PAM.

"Alongside our licensing progress, we have been participating in the government sponsored Tanfeedh Labs sessions, which have provided an excellent opportunity to bring together all stakeholders related to the mining industry in Oman and provided an industry sounding board for the proposed new mining law in Oman, which is moving towards adoption and is focussed on making Oman's mining environment more attractive to investors and supporting the development of the industry in-country...

[broncowarrior] 10/5/2018 11:18

Did anyone go to the AGM?

[inbrackets] 10/5/2018 09:40

Blame deflector more like. PAM doesn't need to address any apparent delay in any decision until all the No Objections are in. Whilst they could make a decision before the State Council passes things into law, I would suggest they are highly unlikely to pre-empt that if any career progression is harboured.We never seem to hear of any objections or negative points raised against the draft laws (would we ever) so one might hope that it continues its glacial progress towards approval. At which point......

[edgein] 10/5/2018 09:16

Was thinking about it again as to what's taking so long with the housing ministry. Perhaps they're like the UK planning authorities and have to approve any proposed plant and office/accommodation building associated with the development of the copper mine. Perhaps that is why its the last and longest of the 8 permits before ML? Who knows. Clearly DA was hoping it would be here before now. At least we'll have the scoping study for Portugal to keep us amused in the near term and followed by the DFS for Moz. Might even hear some more from our two rigs in porty too.

Regards,
Ed.

[edgein] 09/5/2018 13:00

HG,

That would be nice, last we heard was potential production by year end. Housing ministry best get their skates on.

Regards,
Ed.

[highly geared] 08/5/2018 22:17

2019-2022 is forecast to see a structural copper supply deficit with prices forecast north of $3.50lb. A good time to sort the final Oman permit and mining licence...

[broncowarrior] 08/5/2018 19:28

Is a permit afoot....?

[ukgeorge] 08/5/2018 16:56

These are going to breakout soon :) chart looks ready for a 50% or so move :)

[broncowarrior] 08/5/2018 16:56

Strong at the close....

[ukgeorge] 04/5/2018 09:25

I just added a few @ 6.35

Roll on the scoping study :) and another resource upgrade.

[ged5] 04/5/2018 08:53

From today's tweet:-

As carmakers roll out their electric lineups, Diess said there were “clear” indications to restart talks to establish manufacturing of battery cells in Europe to satisfy growing demand. Robert Bosch, the world’s largest car-parts maker, decided against starting an own battery cell production earlier this year citing high investment demands.

[ged5] 03/5/2018 15:51

David Archer talking about spodumene, resource target and further drilling. Scoping study in the next month or so.

[ukgeorge] 03/5/2018 07:26

Well if you scroll back you will see that I was buying. :) I'd just like a few more

[ipwil] 02/5/2018 20:32

UK George you would like a pull back to add more?

So 5.25p buy possibility a week ago not enough for you?

[ukgeorge] 02/5/2018 19:21

Yes agree these are going to rocket :)

[broncowarrior] 02/5/2018 16:43

6.50 being paid. 7p tomorrow I reckon.

[ged5] 02/5/2018 14:17

Welcome cesaro100! New to SAV or just ADVFN?

[ged5] 02/5/2018 14:13

Grandao, Grandao Extended now Grandao Deeps.

Interview now on the website.

[cesaro100] 02/5/2018 14:07

One of the most solid Lithium Plays out there, top class mngmt too.

[broncowarrior] 02/5/2018 13:52

On the other site, this is been all over the press today, FT, Telegraph etc.Reckon the whoosh could be tomorrow.

[ukgeorge] 02/5/2018 12:22

It will be interesting to see if these get through 7p in the coming weeks. Seem to have been consolidating since the end of 2016.

Hopefully have a breakout potentially to 10p area.

They have had and have plenty of good news that could justify the move and have lagged other lithium plays.

I personally would like to see a pull back so I can add a few more.

[ged5] 02/5/2018 12:05

Updated Development Plan on the website

"It is Savannah's intention to be in a position to make a decision for a mine development by early 2019. To be able to advance a project from acquisition to making a development decision within two years will undoubtedly be a significant achievement. Hard rock lithium production has been identified as the key for future lithium supply to meet burgeoning international demand especially for batteries for Electric Vehicles. Savannah believes Mina do Barroso's location and near-term production potential will make its product highly sought after and it can be a strategic up-stream feature for the build-out of the European lithium value chain.

In support of this, Savannah's current focus is to complete a Scoping Study around a potential mine development, which should then feed into feasibility studies in Q2 2018. Alongside this, work has begun to modify the licencing conditions under the Mining Lease Savannah currently has for the project; the Company has the right to mine approximately 7Mt of lithium, quartz and feldspar ore from seven mining nucleos and will be modifying the conditions for the extraction of additional tonnages and to build a plant specific to lithium processing.

The Company is also looking to secure offtakes with existing spodumene lithium converters."

[ged5] 02/5/2018 11:16

Thanks HG! :))

[ged5] 02/5/2018 11:14

Ed, great post, very much aligned with my own thoughts. There's a little typo in your funding sentence by the way. :)

My strategy is to add as and when I have funds over the next 2 years. I would like to do that at these prices but I hope I've learnt my lesson not to buy on promises just what's delivered.

I think these next 3 months are going to be very interesting news wise and with the sp!