Savannah Resources Share Discussion Threads

[ukgeorge] 25/3/2024 09:35

Off-take agreement, is the big one imo.

We have a near enough $1Bn project in a safe part of the world, lowish tax rates, simple mining technique. The EU wants to secure supply chains, here is a chance for them.

[jammytass] 24/3/2024 18:21

looks like big news on the way !!!

[ukgeorge] 22/3/2024 12:46

Hopefully, we can stay above 3p, and then move higher as some news flow comes along.

[broncowarrior] 19/3/2024 21:31

Someone is clearly buying up all he/she can get.

[ukgeorge] 19/3/2024 17:50

a late reported 500k mopping up the sales at 3.3p, roll on this continuing for a few more weeks/months/years.

[ukgeorge] 19/3/2024 10:21

With risk of jinxing it I'm just about in positive territory. Sorry in advance for the imminent crash.

Roll on a resource upgrade and a decent off take agreement and some money from the EU. If the EU want a green world cough up some money like the €500M that Vulcan is potentially getting.

Still a low market cap compared to other lithium plays and compared to the NPV of the project which was near $1Bn. The NPV will also increase given these new high grades drill results.

We also have the positive that this is in a stable western country where the government shouldn't be demanding 10% free carry or changing royalty rates on a whim.

[goodday1] 19/3/2024 10:01

We are all becoming followers of Theology!HahahaGl all

[flc] 19/3/2024 09:55

Looks likely those that got in sub 2p are on track to double their money...no banana skins please God.

[reba] 18/3/2024 19:19

Yet another presentation. Will the price drop as usual.?

[ukgeorge] 18/3/2024 16:33

Two presentations in the space of three months Asa must be shattered. Working him to the bone.

[mandolinian] 18/3/2024 15:56

Don't know why it put a question mark at the end of that post. My fault for using emojis (smiley face)

[mandolinian] 18/3/2024 15:55

In years gone by, the deadlines in that presentation would suddenly have jumped forward by a year..... but not this year ?

[ukgeorge] 18/3/2024 14:40

Strong buying still coming in :) 1m at 3p

[inbrackets] 18/3/2024 11:30

Conditions'..... all par for the course.

[ukgeorge] 18/3/2024 10:44

The electric car battery factory planned for Sines obtained a favorable Environmental Impact Declaration (DIA), but subject to compliance with conditions defined by the Portuguese Environment Agency ( APA ).

[ukgeorge] 15/3/2024 10:20

Time will tell, hopefully back to 3p soon.

[broncowarrior] 15/3/2024 08:32

Reckon the large investor is going to try to get to 10% and he then has to give an indication of his intentions. Maybe looking for a takeover while the price is suppressed.

[garykc] 15/3/2024 07:19

Over 5% holding now.

[inbrackets] 13/3/2024 19:54

I don't think so.The reaction to the investigation last year was immediate and understandable. That said, it is perhaps increasingly understood that SAV's nose is clean. Meanwhile they have progressed onwards with what they need to do towards the EIA and DFS. The drilling results are starting to roll in and are favourable. The financing / Jv process is now into the second stage, now based with the drill results. The elections are over so decisions can at least be made whichever way. Meanwhile the clock keeps ticking on towards approval. Europe needs something in place and there are limited options available that are going to cut the mustard.Maybe the balance of probability/ the past 3months of discounted prices and the prospects are being r3cognised rather than words in the ear of a friend.

[themightyali] 13/3/2024 19:12

You do wonder if the aroma of the deal cooking is leaking out

[ukgeorge] 13/3/2024 17:20

Funny how so few people follow this company. The years of IR being non-existent.

Roll on a great off take deal/partnership, that will fund the project.
Or even some money from the EU.

They said April/May that something could come through. Certainly judging by the share price looks like something is coming.

[ukgeorge] 13/3/2024 11:07

From Yesterday Savannah Resources* (SAV LN) 2.3p, Mkt Cap £42m – Infill drilling at Pinheiro return best grades seen at Barroso to dateBUY – 21.1pThe Company released drilling results from the ongoing infill programme at the Barroso Lithium Project in Portugal.Drilling intersected rich spodumene mineralisation at the Pinheiro deposit (2mt at 1.00% Li2O, ~7% of total MRE) returning highest grades to date from the project.Selected intersections included:76m @ 1.85% Li2O from 24m in 24PNRRC024 including 39m @ 2.21% Li2O from 38m and 10m @ 2.28% Li2O from 80m.46m @ 1.65% Li2O from 84m in EX7 (hydrogeological hole) including 14m @ 2.15% Li2O from 97m.85m @ 1.45% Li2O from 45m in EX9 (hydrogeological hole) including 39m @ 2.15% Li2O from 59m.Results received are from five exploration and two hydrogeological holes.Results from the sixth RC hole as well as two diamond drillholes completed for metallurgical sampling are currently outstanding.RC holes were orientated at oblique angles to the dip of the mineralisation due to access and topographical limitations.Hydrogeological holes were drilled vertically around 150m below surface confirming extension of mineralisation at depth, although, both ended in mineralisation given primary purpose of drilling was hydrogeological data collection.Two RC holes testing northern extension of the orebody missed the mineralisation suggesting that pegmatite veins are trending northwest rather than north-south as interpreted previously.Diamond drillholes were completed at a more orthogonal angles and are expected to be more representative of true widths of the mineralisation that is estimated to be 25-35m wide.Conclusion: Infill drilling at Pinheiro returned highest grades seen at the Barroso Lithium Project to date that potentially may lead to an upwards revision to resource grades as the team is aiming to convert 2.0mt 1.00% Li2O total resource (all inferred) into higher category and ultimately into reserves. In addition to infill drilling, the team is progressing hydrogeological and metallurgical drilling as FS related work continues at pace.*SP Angel acts as Nomad and Broker to Savannah Resources

[ukgeorge] 13/3/2024 08:45

Yes creeping in the right direction.

"Overall, 12 sample intervals reported greater than 3% Li2O, with 3.85% Li2O (77m-78m) and 3.65% Li2O (79m-80m) from hole EX9, and 3.53% Li2O (62m-63m) from 24PNRRC024, being the three highest grade intercepts from the Project to date."

"Savannah's Chief Executive Officer, Emanuel Proença added, "These latest drilling results from Pinheiro are a great reminder of the Project's remaining geological potential. They may also prove to be economically significant for the Project as a whole. Pinheiro is the first deposit we plan to develop in our sequential mine plan, so any upside we can capture on tonnage, but particularly grade, in our new resource estimate for the orebody could have a beneficial effect on early cash flow during the first year of the operation. We're all now looking forward to the remaining results due from Pinheiro.""

Higher grades in the starter pit
Higher NPV
Higher IRR
Quicker pay back

An off take partner should be the real catalyst, which could arrive within a couple of months.