Savannah Resources Share Discussion Threads

[ged5] 17/1/2019 12:07

Thanks to IB for alerting us to this.

Google translation so ridiculous in parts. Original in Portuguese

Savannah Resources said the lithium mine project in Boticas has a planned investment of 500 million euros and that the known potential resource will give to produce batteries for 250 to 500 thousand cars / year.

David Archer, chief executive of Savannah Resources, told Lusa this Tuesday that the planned open-pit mine for the parish of Covas do Barroso in the Vila Real district has a planned "superior investment to 500 million euros ".

"The main objective is the development of a mining operation that fits the regional and national development objectives within a perspective of sustainability and in accordance with the best environmental, social and economic practices and that, simultaneously, allows to put Portugal in the chain of value of the development of the battery industry for electric vehicles, "he said.

According to the official, the project provides for the direct creation of about 300 jobs in the long term, spread over technical, administrative and support areas.

He added that during the construction phase it is estimated that "an equal number of short-term jobs can be created" and even more "500 to 600" indirect jobs.

The project aims to expand the existing concession since 2006 for the "production of spodumene concentrate for the use of lithium minerals to feed the battery industry."

David Archer explained that the operation will be "staged" and also includes an industrial facility.

It is anticipated, he added, within the concession area an initial exploration in about 25 hectares, an area that will be recovered in the second phase, starting to work in other areas of exploitation.

He added that the "potential refusal already known in this concession will give to make batteries for between 250 and 500 thousand cars per year".

"Obtained from all Government authorizations, the start of commercial exploitation, already with the industrial unit in operation, is expected to 2020," he stressed.

David Archer explained that the Environmental Impact Study (EIA) is now underway, "where all environmental issues are being analyzed, identifying potential risks and mitigation measures."

The project, he explained, depends on the approval of the EIA and can only proceed if all the relevant entities consider that all the necessary conditions are observed.

The company requested the classification of the project as Potential National Interest (PIN) and a meeting will be held on Monday at the Permanent Commission for Investor Support (CPAI), the Portuguese Agency for Investment and Foreign Trade (AICEP), to discuss and appreciate this request.

A request that was based, according to the official, "the relevance of the project of the Barroso mine, as well as the potential beneficial economic impact that it may have for the region and for the country."

"Contrary to what has been conveyed, at no time does the classification as a PIN result in the suppression or dispensation of performing steps, such as the EIA. We will have to carry out the same studies in depth, but we will only receive a faster response, which seems to be in the interest of all parties, "he said.

As for the population's complaints about the "aggressiveness of prospects," David Archer stated that "local community is a priority for Savannah" and that the company "took all necessary actions to obtain authorization from all owners of the areas or of the paths he had to access to make platforms for probing surveys. "

Finally, he said that he is "working to create all the channels necessary to optimize communication with the community".

[ged5] 15/1/2019 09:14

Bollinger bands flattened. SMA lines crossing. Wouldn't be surprised to see a directional change.

[ipwil] 10/1/2019 17:07

Most if todays drop in price was over zealous spread yesterday, it seemed a tad racey, maybe MMs did not expect the selling to happen so easily and failed to launch it over 6p.

We appear to have hit a bottom on the chart from the last rise and MMs have supported this price and a few large buyers have been helping the seller leave in bigger lumps in auctions. Some chart guys have started buying in now, but they will remain value buyers and not chase the price up to get in.

[seagullsslimjim] 10/1/2019 16:56

seems from the main chart above that its still stuck in the downtrend and hit the upper level of that channel yesterday

may well see one final quick dip to sub 5p

[ged5] 10/1/2019 14:50

Maybe this will be the year the mining licence is eventually awarded.

[ged5] 10/1/2019 13:39

A little pull-back after the excitement of yesterday. Lots to look forward to this half year. Meanwhile the EV revolution drives on.





An old favourite:

[ukgeorge] 09/1/2019 14:19

Stop posting FQR!!!!

No idea why they are heading higher. Fingers crossed for a few decent pieces of news

[fqr714bhp] 09/1/2019 14:09

Just as i typed that it goes down. LOL!!!

[fqr714bhp] 09/1/2019 14:08

What is going on here then?
Up 14% have not seen that for a while.
With any luck some great news just around the corner.

GLA.

[broncowarrior] 09/1/2019 12:30

Strategic investor is one of the big milestones to release stock options to the board. Got to think there must be people lining up for this resource...

[paleje] 09/1/2019 10:55

Battery technology breakthrough still a long way off with Mercedes placing huge orders for lithium ion batteries to 2030. The battery guys have got to lining up with miners, we should be amongst the top quartile on cost/quality.

“...Among all the players out there, it seems like everyone has solved one or two or three of five of the most important things, but nobody has really solved everything,” saidHenrik Fisker, chairman and chief executive officer of his namesake Los Angeles-based EV maker.

China's Qingtao New Energy Research Institute will experiment with cars within two years and considers a commercial product possible by 2025. Contemporary Amperex Technology Ltd., China's biggest cell-producer, includes solid-state in its advanced-battery research. South Korea’s Samsung SDI Co., SK Innovation Co. and Hyundai Motor Co. said they're also studying the technology, as is Dyson Ltd., the U.K.-based home-appliance maker now targeting EVs.

“For passenger cars, we should see prototypes in the early 2020s,” said Andreas Hintennach, head of battery research at Stuttgart, Germany-based Daimler. The automaker behind brands including Mercedes-Benz agreed last month on orders for $23 billion of current generation lithium-ion battery cells through 2030.

Volkswagen AG plans to begin trial production with partner QuantumScape Corp. as soon as 2022.

Those timelines may prove optimistic.

“It’s a brutal battlefield actually making these batteries work, and nobody is anywhere close,” said Sam Jaffe, managing director at Boulder, Colorado-based Cairn Energy Research Advisors, an industry consultant.

It will be the end of the 2020s before solid-state batteries with all the promised advantages are available, and even then, they still could be priced at a premium, said James Frith, a London-based analyst with BNEF.
Tesla, which says it talks frequently to developers and reviews battery prototypes, doesn't yet see a technology that's better than its existing lithium-ion packs. Its Model S can travel as far as 335 miles (539 kilometers) on a single charge. “We’ve looked as hard as we possibly can,” Chief Technology Officer JB Straubel told an annual meeting in June. “We are all ears, we’d love to find it, but we haven’t found it yet...”

[ukgeorge] 09/1/2019 10:48

Be nice to break the downtrend from July.

[fqr714bhp] 09/1/2019 10:02

Up 4.5% today.

Is there finally some good news to get us back over 10p???

Come on SAV show us how it is done.

[1kiwi] 08/1/2019 11:13

Portugal, Moz, Oman News can't be to far off now

[1kiwi] 08/1/2019 11:12

Hi all,

Good to see some decent trades on SAV again, even better to see pesky seller now being met with a decent buyer. Check out yesterdays closing trade!

[greatfull dead] 07/1/2019 12:02

Back to normal, tis a funny Monday though, her and thee...

ATB,
GD

[ged5] 02/1/2019 13:10

Yes the advert was on a few times over the holiday period.

Work should be re-commencing next week in Portugal. Who knows if we'll hear anything from Oman but these next two quarters should give us some impetus with news from Portugal and Moz.

Happy new year.

[yorkie14] 02/1/2019 11:29

Happy New Year,

I see VW have been advertising a new electric Golf over the xmas on tv as well as Porche's new sports car being electric. It's starting to happen!

GL LTH

[inbrackets] 24/12/2018 14:44

Ged,Our decorator always says the work is in the prep. This morning's RNs is another bit of that necessary filler and confirms that it was a non issue. Hopefully they will actually manage to get on with the papering and painting come the early new year, and meanwhile, enjoy a festive Merry Christmas with you and yours.B

[paleje] 21/12/2018 16:34

Have a great one GED hope you're not flying from Gatwick!

[ged5] 21/12/2018 14:33

Well I think we all expected a much higher share price by now. Still no use fretting. There is so much to look forward to in the next 2 quarters. Let's hope that 2019 is THE transformational year.

Off away tomorrow so wishing you all a very healthy and happy Christmas.

[yorkie14] 20/12/2018 18:46

Thanks Ged...

GL LTH

[ged5] 20/12/2018 16:51

Thanks George. The faces being pulled when talking about the likes of what BCN had done to the lithium sector told more than the words. However he was adamant that some reports about lithium prices were more pessimistic than the reality.

[ged5] 20/12/2018 16:47

Thanks paleje. This was the third year we've met and I hope it continues as an annual event. I've been impressed on each occasion.

No, we all paid our way + the train fare from my new home in Southport to get there! Worth it!

[ukgeorge] 20/12/2018 16:42

Yes many thanks Ged.

Sadly the sentiment in the lithium sector is terrible when it comes to the mining side. Unlike the EV side. Fingers crossed that will change in the NY.