Savannah Resources Share Discussion Threads

[themightyali] 23/12/2021 22:19

Would be nice if they could herald in the year, with opening salvo of fireworks in the dying light of the current one.

[ukgeorge] 23/12/2021 19:48

Looks like £70k worth of buying at the end of the day. Maybe just maybe 2022 will be SAV's year.

Happy Christmas everyone

[reba] 23/12/2021 19:16

Merry Christmas to all LT holders and all the very best for 2022. Let’s hope it’s our year for good fortune.

[flc] 23/12/2021 12:51

Thanks Ged and same to all posters on this thread..hopefully a prosperous 2022 for SAV holders.

[ged5] 23/12/2021 12:32

Looking forward to next year.

Have a great Christmas all and thanks to all those who have contributed to this thread.

[olaorla] 23/12/2021 11:15

Joao/John, I appreciate your concerns. I live in a REN/ecological area in Portugal and I am very protective of my surroundings. On this one I have to go with the need to extract the mineral. I think it is more important to concentrate on the restoration work that will be carried out after extraction.

[mwainw1973] 23/12/2021 10:26

Feels that way and I should average down but I darent lol

[goodday1] 23/12/2021 10:21

Yes, mate, DA payday.Lol

[flc] 23/12/2021 10:16

Something's bubbling in the background...I can feel it in my bones.

[jimbomorry] 23/12/2021 00:24

Joa...

Okay, just keep using IC engines and having a snails pace shift to EV while fueling the Chinese GDP instead. Makes total sense that one. Keep taking the tablets.

[themightyali] 22/12/2021 21:39

One needs to ask these locals, do they drive cars, use buses, use tractors to plough their farms, if they do, where did the iron-steel, copper, lead, zinc, aluminium, cadmium, etc come from for those. Is it OK to dig it up from a poor African's country, or from Latin America but not OK to dig up any metals from Portugal? Such a hypocritical attitude.

[themightyali] 22/12/2021 21:28

He's one of the local nimby mob, look at how long he's been registered and the language structure as well as a few other things will give you the clues about this poster's background and intention.

[sc2000uk] 22/12/2021 21:20

JT....could be that the source for Li at Guben would be from Canada. So not exactly fitting in with the 'End to End From Europe' aim. As has been stated Europe wants to become Li Battery secure without any part of the chain needing to be from outside Europe.

Not sure if you're new to SAV or trying to give negative views on having refinery/Li Mining in Portugal.

[ukgeorge] 22/12/2021 21:13

JT,Have you just come across SAV?The VW-Northvolt-Galp-hopefully SAV partnership has been brewing for about a year if not longer. The move to EVs is going to need many li mines, many refineries, many giga factories. There is a supply squeeze happening li prices have risen massively this year. The EU is throwing money at the agenda, Portugal and Galp are set to get 100s of millions to help with the transition. SAV is the most advanced project in Portugal and we all have our fingers crossed hoping for the environmental and mining licences. After that it should be fireworks, and good ones as desperate car makers scramble for the relatively low carbon lithium from Portugal.

[joaotrolha1] 22/12/2021 19:51

Hi, everybody!
Why Northvolt does not purchase lithium hydroxide from the projected lithium refinery located in Germany (Guben, Brandenburg, by Rock Tech Lithium Canada) less than half the distance from the Port of Leixões?
This doesn't make sense.
JT

[sc2000uk] 22/12/2021 16:23

As a source of Li that we want to get into EV's it might not seem great a first to read a new article on Hydrogen power, but this could really help the ESG credentials.

hxxps://www.bbc.co.uk/news/business-59576867

[flc] 22/12/2021 15:00

Good article, thanks paleje

[paleje] 22/12/2021 14:38

IC had an article yesterday with SAV figuring prominently, a bit long but I'm pasting co you need subscription otherwise:-

The race for European lithium supply is on
As carmakers ramp up electrical vehicle plans and plants, the race is on to get greener, closer-to-home raw material supplies
December 21, 2021
By Alex Hamer


Prospective European battery makers and car companies have started playing musical chairs with the very limited local lithium supply. The new focus on the whole supply chain and its emissions is a massive opportunity for local miners but also shows just how much investment is needed in the battery space for Europe to get anywhere near China, which is the dominant player globally.

In the first week of December, Volkswagen (Ger:VW) signed a deal with a German lithium mining company that could cut a hefty proportion of the carbon emissions associated with making each electric car. The opportunity to buy lithium mined (or extracted, really) from within Germany was too much to pass up, even if Vulcan Energy (Au:VUL) is in the early stages of developing its geothermal brine project into production.

The space is moving quickly, though. Savannah Lithium (SAV) saw this in the first half of the year, after a heads of agreement deal with Galp Energia (Por:GALP) expired in May without the outlined investment and offtake deal happening. Savannah said its options had widened after the big increase in the lithium price between January and May.

Galp has since announced plans to build a €700m (£600m) lithium processing joint venture with Swedish battery maker Northvolt in Portugal, so there will at least be plenty of local demand if not a formal sales agreement with Savannah.

Consultancy Wood Mackenzie has forecast that the European Union (EU) has more than enough planned battery manufacturing capacity to meet estimated electric vehicle (EV) demand in the coming years, but energy storage analyst Anna Darmani said building local mines and processing would help the industry along in terms of supply security and emissions.

"Europe’s nascent battery industry is highly dependent on the import of critical raw materials...creating risk to the supply and security of this industry," she said. "Europe needs to import more than 75 per cent of its needs from other regions, mainly mined through ESG-challenging, carbon-heavy processes."

The dealmaking shift in recent months is largely around local raw material supply.

VW has been making deals with miners for years, but was also seeking massive quantities from companies such as Glencore (GLEN). Now carmakers and companies trying to establish green credentials are looking at funding mines and processing facilities to get things moving. Billions in EU funding across the supply chain will also help. Savannah, for one, is looking to part-fund its mine with green EU funding.

But there is a long way to go until the region is self-sufficient. The EU also has a head start over the UK given its more advanced lithium mining and processing options. The British standouts on the battery manufacturing front are Britishvolt and Nissan’s Sunderland operations.

The mines are seemingly further down the track, with private company Cornish Lithium announcing its mineral resource estimate in December. There are usually years in between this step, which is a regulated statement of how much lithium might be in the old Trelavour clay china pits, and a mine being brought into production.

Gresham House new energy managing partner Ben Guest told Investors’ Chronicle he was “not optimistic” about the UK’s prospects in the EV race and its existing planned capacity. “We need a lot more, frankly,” he said.

According to industry consultancy Benchmark Mineral Intelligence, Britishvolt will have around 20 gigawatt hours (GWh) of capacity by 2030 and Nissan around 25GWh. Combined, this is still less than the forecast for the Northvolt plant in Sweden, and just over half the size of Chinese giant CATL’s Erfurt plant in Germany, which Benchmark estimates will have capacity of over 80GWh in 2030.

This and other projects, largely in Eastern Europe, will increase the continent's global share from under 7 per cent of global lithium-ion capacity (around 51GWh) in 2020 to 11.7 per cent in 2025 and 15.8 per cent in 2030, a continually growing slice of a much larger pie. For context, the battery pack in a Nissan Leaf is around 40KWh, or 0.000040GWh.

Benchmark's 2030 capacity forecast for Europe is equal to around 780GWh. Wood Mackenzie puts this number far higher, at 1.3GWh, although as above cautioned that not all plans would come to fruition. Just under half of the projects going into that forecast have been announced, while 42 per cent are under construction and 9 per cent are already in operation.

The country with the biggest slice of the market will remain China, unquestionably. Its battery producers also buy most of the world’s EV-related raw materials, such as lithium from Australia and South America, cobalt from the Democratic Republic of Congo and nickel from Indonesia.

Many of these countries have very low levels of beneficiation, largely because of a lack of existing infrastructure or funding.

The Northvolt/Galp deal, announced in December, showed the European drive to make as much of a car as possible on the continent. The €700m plant in Portugal will help “the new European value chain upstream to include raw materials”, said Northvolt COO Paolo Cerruti. This plant would provide enough lithium hydroxide for 700,000 EVs a year when up and running, which is forecast for 2026.

[sc2000uk] 22/12/2021 14:12

JT,

The raw material has to be refined somewhere prior to being used in batteries, before then being put into the EV's. There is no one place that fits ticks all the boxes in Europe.

From a Li mineral source point of view, Portugal does still look to be the best short term source. It has the history of Li mining and uses conventional proven methods of extractions, though new methods should be used to address any ESG concerns.

So with Li coming from Portugal, the next stage is refinement. Do you want to ship then Raw material miles across Europe/Globe or convert into next stage as close as possible?

My money is on wanting to do this is close to Raw source as possible. so Sines or Leixões does make sense.

Don't forget VW are already talking said in the Power Day earlier this year that they're looking at having a battery plant in the southern France/Portugal/Spain region by 2026.

[joaotrolha1] 22/12/2021 14:00

Hi, DYOR,.
Thanks for your reply.

I think a lithium refinery in Sines or Leixões would be the worst places in Europe for this purpose.
England and Austria prepare to build lithium hydroxide refineries. In Germany there is an intention to build 2 lithium refineries.
Will Northvolt not have better suppliers of lithium hydroxide than Galp (Portugal)?
My point of view
JT

[sc2000uk] 22/12/2021 13:28

HI JT,

SAV are not the ones planning on building the refinery, this is GALP in conjunction with Northvolt (who will take the refinery output product and turn into much needed batteries). This is serious and isn't just a game.

The connection with SAV is on the supply for the Li Spodumene to be used in the refinery. At this stage SAV can't be formally named as being involved, due to the outstanding EIA.


From an economic and environmental point of view, a 600KM road trip is still far better compared to shipping half way across the globe.

I've suggested before that the road trip element could be done via EV Trucks (Tesla Semi or Nikola Truck), would reduce the carbon footprint even more.

Just my view, DYOR.

SC2000UK

[joaotrolha1] 22/12/2021 13:18

Hi, everybody!
Do you think that the intention of Savannah Resources to build a lithium refinery, in Leixões or Sines, is to be taken seriously or is it just a bait to capture the Portuguese Government and the European Commission?
Is a lithium refinery (Sines or Leixões) far from everything (raw material and buyers) economically viable and environmentally sustainable?
Best regards
Thanks for the reply
JT

[inbrackets] 21/12/2021 21:09

https://www.riotinto.com/news/releases/2021/Rio-Tinto-to-acquire-Rincon-Mining-lithium-projectAnd as I posted on LSE,Is that not on the current 27 mt not the 50m + that it is due to go to?Is that not on the current MdB, not the additional that may be picked up at auction?Is that not something to ponder over the coming weeks in the run up to APA's decision?This set the new bar for lithium deals.