Savannah Resources Share Discussion Threads

[seagullsslimjim] 04/6/2019 21:37

Edgein - have you checked out GUN this week yet hun or now back to school? xx

[paleje] 04/6/2019 15:43

VW over 20,000 pre-orders for it first full production electric car in Germany. Planning to step up towards 100,000 units per annum. Thanks to wolfi_at on lse for the article. Pre-orders become binding April 2020.

[paleje] 03/6/2019 09:38

Bitesize briefing – it's only a couple of mins, explains succinctly 'The hard rock lithium exploration to mining value curve'

[greatfull dead] 01/6/2019 09:04

ProactiveInvestors - Lots to digest... Good SKYpe too...

"We continue to be encouraged by our extensive resource drilling programme which is increasing the mine life of the project, in addition to providing an inventory of higher-grade material,2 said Savannah’s chief executive officer, David Archer.

"It is evident that Mina do Barroso could support the development of a mineral conversion plant with the required tonnages of the lithium raw material inputs of spodumene concentrates to act as a base load for a major lithium hydroxide production plant and a new industry for Portugal. Through the ongoing work and development programme we are gaining a firmer understanding of Mina do Barroso's outstanding potential,” Archer said.





GLA,
GD

[edgein] 31/5/2019 15:35

With 5-6% lith concentrate going for around $600/tn and Lith hydroxide min 56.5% LiOHH2O going for $14/kg you would see why they would want to go down the lith hydroxide route. Lith Carbonate is around $11/Kg for 99.5% Li2CO3. Good to see management focused on bang for their buck here too.

Regards,
Ed.

[edgein] 31/5/2019 14:54

You can hardly blame management for the fact that governments in the ME and Africa move at a snails pace. I'm quite happy with the fact that they're focusing all funds on development of MdB rather than potentially get some other issue with Oman down the line. Getting a DFS out and using that money to get a partner for a lith hydroxide plant and totally transformed economics is the way to go. I'll not be sad to see the back of those Omani assets.

Regards,
Ed.

[ukgeorge] 31/5/2019 14:53

From share price Angel ,



Savannah Resources* (SAV LN) – Significant upgrade in Mina do Barroso Mineral Resource

• Savannah Resources continue to develop the most significant lithium spodumene deposit in Western Europe, with ongoing exploration efforts yielding a ~15% increase in overall Mineral Resource estimate. The latest statement represents the fifth major mineral resource increase in just 15 months.

• The Mina do Barroso projects increases to 27Mt grading 1.06% Li2O for 285,900t contained Li20, with a maiden resource established at the Aldeia deposit.

• A Mineral Resource estimate for the Aldeia lithium deposit has been prepared by Payne Geological Services.

• The deposit comprises one main pegmatite and several minor parallel pegmatite bodies striking broadly NS and dipping at 35° to the west. he pegmatites have been defined over a strike of 250m and a dip extent of 340m with a typical thickness of 15m-30m, remaining open along strike to the north and down dip.

• The deposit is defined by a total of 18 RC drill holes, 5 diamond holes and 6 RC holes with diamond tails. All holes were completed by Savannah in 2019. The holes were drilled on an approximate grid spacing of 20m-40m holes on 60m to 80m spaced cross sections.



• Metallurgical test work continues at the project, with no sampling currently completed at Aldeia. Initial assessment of the mineralogy and chemistry suggest mineralisation is broadly similar to other deposits at Mina do Barroso.

• The work was completed by Nagrom Metallurgical in Australia and confirmed that high-grade lithium, low-grade iron concentrate can be generated from the mineralisation using conventional processing technology.

• Upgraded Exploration Target* for Mina do Barroso, now calculated at 11-19Mt at 1.0-1.2% Li₂O, giving a potential project mineral inventory range of 38 - 47Mt.
Conclusion: Ongoing exploration continues to impress, with the fifth significant resource update in the last 15 months. We look forward to learning the true scale of the lithium resource, which will provide fundamental feed material to the growing European lithium battery industry.
*SP Angel acts as Nomad to Savannah Resources

[rickyhatton] 31/5/2019 07:54

Aldeia - highest grade so far -'At present, Savannah has seen no information to suggest that the pegmatite and lithium mineralisation does not continue down dip and along strike to the north with the same characteristics and grade as the drilled portion. Faulting is interpreted by Savannah to offset the mineralisation on the south western limit of the deposit.

As a result, it is considered that good potential exists to at least double the extent of the deposit with further drilling down dip and to the north

The main pegmatite extends to surface and is visible in outcrop over a portion of the deposit"

That will take Sav past 30Mt

[edgein] 31/5/2019 07:48

Deacon,

Absolutely, its going to go beyond just concentrate in Portugal it seems. Also when you look across AIM at others, its hard to believe that KOD for example were ahead of SAV at one point (apart from SAV having a mining licence on part of MdB), now SAV have around 50% more reserves than KOD and SAV have only looked at a small part of these licence areas. If they continue to drill in Portugal we're likely to see that resource estimate further as they expand the reserves. These discoveries are open in pretty much all directions. I guess next news from SAV is likely to be the metallurgical test results.

Regards,
Ed.

[the deacon] 31/5/2019 07:26

Great RNS. Liked the mention of the lithium hydroxide production plant. Clearly there's been discussions there

[edgein] 31/5/2019 07:20

Scoping study 14/6/18:

That was based on 14.4Mt (we've almost doubled that in 12 months). NPV $356m and IRR 63% EBIDTA $805m and project payback at just 1.7 years! LoM $1.5bn. That's about half of what they've found now and a fraction of the 47Mt target. Good to be in the most exciting lith company on AIM and in Europe bring on the DFS, offtake and funding. No wonder DA is so bullish on the next few months.

Regards,
Ed.

[edgein] 31/5/2019 07:13

Excellent news again,

When they started on MdB about 18 months ago they thought they'd have an exploration target of around 20Mt, now that has grown to a target of up to 47Mt. No wonder DA is so excited by this asset:

Highlights

-- Continued resource expansion at Mina do Barroso confirming its position as Western Europe's most significant spodumene lithium mineral resource

-- 15% increase in overall Mineral Resource Estimate which now stands at 27Mt at 1.06% Li O for 285,900t of contained Li O

-- Maiden Indicated and Inferred Mineral Resource established at Aldeia of 3.5Mt at 1.3% Li O

-- Aldeia resource over 25% higher in overall grade than other deposits previously defined at Mina do Barroso

-- Ongoing metallurgical and economic evaluations

-- Upgraded Exploration Target* for Mina do Barroso, now calculated at 11-19Mt at 1.0-1.2% Li O, giving a potential project mineral inventory range of 38 - 47Mt

Superb stuff. Get near that and the $350m NPV will expand significantly, it already has as we're now up to 27Mt and growing. Upcoming DFS is gonna make some reading.

Regards,
Ed.

[sambuca] 30/5/2019 20:20

GD
You cant trust ADVFN for buys and sells I brought another 55000 last Friday at 5.34p which showed as a sell.

Sam

[greatfull dead] 30/5/2019 11:49

Crazy. So many sells v buys with so much positives and new coming soon...

GLA,
GD

[edgein] 30/5/2019 07:56

Jimmy,

Where have I stalked you? It takes two seconds to see where someone has posted to judge the quality of the posts. I see you're in a spray and pray effort like GUN tells me you're not the best judge of investments and therefore your donkey quote suggests to me your handle is due to the fact that you've got the intellectual capacity of said bird. :)

Anyone that takes two seconds will figure out that SAV are sitting on the most economic lith asset on AIM, certainly the best in Europe in terms of grade and depth. Sliter back to where you came, you'll fit in there rather nicely.

Regards,
Ed.

[seagullsslimjim] 29/5/2019 20:03

I've got a stalker - yippee !

Did i touch a nerve hun?

[edgein] 29/5/2019 15:13

That's quite rich considering you hold GUN, at least SAV have two tier 1 assets. I guess you don't think that the funding will be available here after the JORC upgrade and offtake then?

Regards,
Ed.

[seagullsslimjim] 29/5/2019 15:08

I'd say more of a donkey !

[edgein] 29/5/2019 14:21

Its more of a racehorse than a pony.

Regards,
Ed.

[greatfull dead] 29/5/2019 14:17

Very annoying.

GLA,
GD

[ukgeorge] 29/5/2019 14:11

This is getting a bit painful/annoying

[paleje] 28/5/2019 19:00

GD, your post about Norway incentivising EV adoption I completely agree with. The Scandinavians have a completely different attitude to us and they do what they say not just talk about it. I used to do business with Finland and Estonia and was frequently impressed with their practical down to earth way of doing things. Even recycling plastics and bottles - they pay you to do it via automated collection points. Imagine our councils doing that, I think not.