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Share Name Share Symbol Market Type Share ISIN Share Description
Savannah Resources Plc LSE:SAV London Ordinary Share GB00B647W791 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.05 1.92% 2.65 111,328 08:15:17
Bid Price Offer Price High Price Low Price Open Price
2.60 2.70 2.65 2.60 2.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -3.52 -0.22 45
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 740 2.70 GBX

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Posted at 02/12/2022 08:20 by Savannah Resources Daily Update
Savannah Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker SAV. The last closing price for Savannah Resources was 2.60p.
Savannah Resources Plc has a 4 week average price of 2.25p and a 12 week average price of 2.25p.
The 1 year high share price is 5.55p while the 1 year low share price is currently 2.03p.
There are currently 1,688,959,820 shares in issue and the average daily traded volume is 760,920 shares. The market capitalisation of Savannah Resources Plc is £44,757,435.23.
Posted at 13/10/2022 06:25 by paleje
IC article last night interesting, not particularly encouraging:-

Europe's EV supply chain 'not ready'
Car companies are chasing miners for supply deals but the crucial middle infrastructure is missing
October 12, 2022
By Alex Hamer


Europe isn’t ready to import the raw materials needed for electric cars. This sentiment, from a lithium company chief executive, goes against the narrative that the world is on the cusp of turning on a non-Chinese electric vehicle (EV) supply chain.

Even as carmakers and other players go directly to miners in Europe, the Americas and Australia to secure supply years in advance (although they’ve largely steered clear of actually funding these projects) China remains the key player in battery metals processing and battery manufacturing. Australia and Chile make up 85 per cent of lithium production, while China processes 60 per cent of this.

And while the US is managing to quickly build out some domestic processing capacity, Europe remains well behind.

The US advantage is likely to grow as well thanks to the government’s Inflation Reduction Act, although the European Union flagged this week that it could go to the World Trade Organisation to block rules that govern where source materials for batteries come from: “Half of the critical minerals used in EV batteries by 2024 would need to be extracted or processed in a country with which the US has a free trade agreement in effect, while in 2023, 50 per cent of battery components would need to be manufactured or assembled in North America,” said Rystad Energy consultant Susan Zou.

This could also hammer home Australia’s advantage in this space, given it has a crucial free trade agreement (FTA) in place with the US, and also massive lithium reserves.

The players
The lithium miners are critical to Europe developing its own supply chain, but they will be sending product to China for processing for years to come. Given the difficulty companies have had so far in building lithium mines locally, it’s more likely that projects in West Africa will be earmarked for ‘European̵7; batteries.

Bernard Aylward, who runs Kodal Minerals (KDL), said exporting spodumene concentrate (one step removed from the ore mined from the ground) to China from West Africa wasn’t ideal, but the company had little choice. “We’ve had discussions with people about [processing in] Europe. We’d love to be thinking it’s possible, but right now it doesn’t seem that it’s ready,” he said.

His company hopes to be in production by the end of next year after working out a cheaper and faster build route for its Bougouni project in Mali. The plan is to spend $65mn (£59mn) on a four-year mine life operation and then expand it once the cash flow arrives. Aylward said the impetus was the very high lithium prices seen currently, around 10 times what the company had initially factored into its mine design plans, at almost $7,000 (£6,267) a tonne.

“The sooner we can be delivering into the market as a reliable producer, the better off we’ll be,” he said. Fellow UK-listed lithium hopeful Atlantic Lithium (ALL) has a tie-up with US developer Piedmont Lithium (US:PLL) to build its Ghana project, so is likely to lean on the bigger company to sort out sales arrangements. Piedmont already has a relationship with Tesla (US:TSLA).

Of course, the mining cliché of high prices being cured by high prices very much applies here. But lithium demand forecasts are still outstripping reasonable supply forecasts.

Investment bank Bernstein forecasts that EV battery demand for lithium will rise from 141,000 tonnes in 2021 to 1.4mn tonnes in 2030, using lithium carbonate equivalent as the yardstick. This is a level up the supply chain from the spodumene that Kodal will sell. Bernstein forecasts that supply will catch up, with spodumene prices falling from an average of $3,000 a tonne in 2023 to $1,000 a tonne in 2026.

Europrocessing
So if Kodal won’t be able to send spodumene to Europe by 2023 or the year after, where are the processing options?

One plant is not far off, although still not open for Kodal's supply. Advanced Metallurgical Group (ND:AMS), a Dutch company, has started constructing a spodumene-to-lithium hydroxide plant in Germany, and hopes to have it working next year.

The stage one plant will produce 20,000 tonnes of lithium hydroxide a year. It takes about seven tonnes of spodumene to get one tonne of hydroxide. So stage one of AMG’s plant will accept 140,000 tonnes of spodumene when running at full capacity. It has its own lithium mine in Brazil – increasing to 130,000 tonnes a year from 2023 – so most of the input is covered already. The margins look pretty good right now, although conditions may change: Bernstein forecasts a 2022 average of $68,300 a tonne for hydroxide and a $15,500 a tonne long-term average.

AMG is in the process of spinning off its lithium division, with an IPO expected next year.

Jefferies analyst Alan Spence said the company’s weak share price performance recently – down almost 40 per cent in the past six months – was a case of investors backing away from most European industrial companies.

“AMG has been unfairly lumped together with other European industrial names that are being heavily impacted by the energy crisis... as a reference point the conversion cost from spodumene to battery-grade hydroxide is $4,000 a tonne, of which the incremental energy impact has only been about $300,” he said.

The London Stock Exchange doesn’t have any established processing-exposed companies in the lithium space. There is microcap Alkemy Capital Investments (ALK), which owns Tees Valley Lithium, but this is at a very early stage and in need of hundreds of millions of pounds to get a plant off the ground.

While other regions race ahead, Europe hasn't yet spotted the green light.

Posted at 21/9/2022 23:32 by inbrackets
Same page but a link at the bottom caught my eyehttps://www.mining.com/web/portugal-awaits-assessment-of-two-lithium-mines-before-launching-auction/So we are waiting for the EIAThe Portuguese Gov are waiting for the EIAyou can bet the EU are waiting for the EIANo doubt Galp/NV's Aurora are keeping an eye on the EIAAs will FMG and any other party interested in the auctions or the development of a new industrial chain in Portugal.Much rests on APAs decision, way beyond SAVs short term share price.
Posted at 21/9/2022 09:34 by ukgeorge
700% gains imminent

From share price Angel

Savannah Resources* (SAV LN) 2.6p, Mkt Cap £43m – EIA review update
BUY – 17.9p

• The Company released an update on the Article 16 process of the EIA review conducted by the environmental regulator, Agência Portuguesa do Ambiente (APA).

• Under regulations, the Company has the period of 180 business days to resubmit the revised EIA documents suggesting Savannah has up to 17 March 2023 to complete the resubmission.

• Following that APA will have a maximum of 50 business days (ie just over two months) to conduct the review and issues its Declaration of Environmental Impact (DIA) decision.

• Once DIA is secured, the environmental licensing process will move onto the final design phase (RECAPE) and the Environmental License (LA) phase both running in parallel paving the way for the grant of a single environmental title (TUA).

• The Company reports it already had s number of meetings with the regulator after launching Article 16 clause with discussions reported to have been very useful and productive.

• Areas of discussions included elements of the Project’s infrastructure and management of local water resources with further meetings with APA and other members of its Evaluation Committee to address remaining aspects of the project.
Conclusion: The Company updates on the course of environmental licensing of the Barroso Lithium Project in Portugal reporting on a number of constructive discussions held with APA and members of the Evaluation Committee. A continuous dialogue is vital for the team to identify all adjustments to the project that need to be addressed for successful completion of the EIA approval. The team expects to resubmit revised EIA documents by mid March with the APA decision to be followed in up to 50 business days (ie May/June 2023).

*SP Angel act as Nomad to Savannah Resources

Posted at 30/8/2022 09:32 by ukgeorge
Where do you pluck £20M from? Agree DA not being in place is a positive, at least we shouldn't get another massively discounted share issue.

The APA and SAV should be working together to get the project the environmental license, if that lands surely the mine is worth several hundred million. Today everyone is tired of the story, and lack of progress hence the depressed share price and this is totally understandable.

If it lands 10p + maybe 20p.

If I didn't have so many I would be topping up or if I was just coming across this I would see it as a great opportunity. March 2023 at least we will know either way.

Posted at 25/8/2022 10:34 by ukgeorge
Savannah Resources* (SAV LN) 2.7p, Mkt Cap £46m – Interim CEO details project’s path to sustainability
BUY – 17.9p

• Interim CEO has detailed options to reduce carbon emissions at its Barroso Lithium Project in Portugal in an interview with Mining Weekly.

• Mr Ferguson commented: “We are continually exploring options for reducing our Scope 3 emissions, which will include encouraging our partners to use low- or zero-carbon-emitting vehicles to transport spodumene from the project”.

• Savannah has announced partnerships with European groups such as Quadrante, Ecoprogresso and ABB, with Ecoprogresso’s carbon dioxide emissions study in the EIA released in March 2020.

• The company intend to use renewable energy coupled with battery storage, along with renewable power purchase agreements.

• Equipment used at the operation will be electric where possible, or powered by biofuel or green hydrogen.

• Agência Portuguesa do Ambiente ('APA'), the Portugal’s environmental regulator, notified the Company that the Environmental Impact Assessment (EIA) will need to be further optimised and application resubmitted under Article 16 of local regulations.

• Under regulations, the Company will now have six months to work together with APA to optimise physical aspects of the Project and associated environment, ecology and socio-economic considerations.

*SP Angel act as Nomad to Savannah Resources

Posted at 08/7/2022 10:43 by goodday1
I found another one on LSE and 15 likes so far.LolPumping but not as furiously as Osaka, LSE Plonker or Sheldon on Twitter.From 29/1/21 & 28/10/20In good time these negative investors will need to eat humble pie. I just hope that they have the good manners to acknowledge their...Justintime can you knowledge there has been enough time & will you acknowledge & in a good manner while eating humble pie???Justintime777, Posted in: SAV, Posts: 40Price: 4.60, No OpinionSavannah share price to rising, 29 Jan 2021, 09:10Do the maths, this company is undervalued. IMO re-rate will happen soon and swiftly,.The assets are there ...do the calculations. More importantly, the timing for the LI market is aligned too. Only one way for Sav value to go ...£200M-£250M range .Justintime777, Posted in: SAV, Posts: 40Price: 2.50, No Opinion, RNS positive28 Oct 2020, 10:55There are clues in the RNS but people choose to ignore these positives....'Glass half empty' people.In good time these negative investors will need to eat humble pie. I just hope that they have the good manners to acknowledge their unbecoming behavior on this NB. If this was straightforward as you all believe , then just take your investment money and go start your own business. Life becomes much nicer when the 'glass is half full'.?DA and team ...onward & upward and ignore negative sentiments.LSE Plonker, come back all forgiven.Gl all
Posted at 29/4/2022 21:29 by ged5
It is Friday and it has been a lovely sunny day here. So much so, that we had a lovely barbecue early this evening. Chicken with a miracle marinade created by my beloved, accompanied by slightly charred yellow peppers. Oh so lovely. And of course the infamous potato salad. SAV share price 12p some of you will be invited. 30p more of you. £20, Goodday1 you can come as well.

Off -topic post, but no more so than any that don't report approval from APA.

Have a very happy weekend.

Posted at 24/3/2022 10:35 by sc2000uk
UKG, I welcome your feedback and think it's good to lay out both sides of opinion. Maybe others could take a lead from you and actually give proper details on they want to see.

DFS - Yes, this is self imposed. So is an opinion on if you want the DFS to be de-risked as much as possible. Doing before DIA, does mean some areas of DFS could need changing.

Off-Take/Partner - Given that SAV is the 'He who should not be named' in the whole GALP/NV/VW partnership, and that GALP is still heavily involved with Port Govt, I see this as a political item at present. Again just my opinion on why SAV can't talk/release details about it.

Drilling - A fair point, maybe this is an area that SAV should be giving more updates. I totally agree with you on this one (see what I did there G1, I accepted some one else's point of view)


SP - The 5.4p was on the back of an expected quick turn around for the DIA (think was in the few days after it reached the DIA Conformity stage). The raise was done, so to not be selling out 10% MdB at a silly low price. In time I think this will come to be seen a good move.

I can't say I know every Li stock price over the last 12/18 months, but have many risen exactly in line with the Li 400% price increase?

I want the share price to be increasing as much as anyone, and I want to see action. I just want to see meaningful action, and not just some items that make it look like progress is happening.

Maybe one action DA could take, is come out and say. We just can't do anything more now until we get the DIA. Lay it out in the open as honest as that.

Let it be known, once DIA is done. I expect DA/SAV to get this progressing ASAP, no more excuses.

Posted at 06/2/2022 12:09 by ged5
Thanks! I'm sure some of that will become relevant if SAV apply for new tenements.

If the RNS is relevant to SAV it's only because of potential delay and I'm not sure there's any reason for a delay. The decision could still come at any time. I could become cynical. Nah that happened years ago.

Imerys Ceramics had the mining rights at Mina do Barroso for Feldspar, Quartz and other minerals. It looks like they had 120ha.

Then the bone of contention:-

This Mining Plan approved by DGEG, (The Directorate-General for Energy and Geology) in 2010, gave rise to the amendment to the Concession Agreement, concluded in 2016, having expanded the concession area to about 542 ha and lithium was included as a minable substance.

Back in 2017 SAV tweeted:-

"Portuguese govt has established a #lithium working group to bring focus to the dev of Li industries in #portugal"

Earlier that year Slipstream PORT Pty Ltd became a subsidiary of SAV and was directly held by SAV. Slipstream Reaources is listed for the first time as a subsidiary of SAV. Mina do Barroso was bought in March 2017 from Imerys Ceramics by Slipstream who then sold it to SAV. Presumably that's when Slipstream became a subsidiary.

What I'm not sure about are the boundaries on Page 6. Is the increase from 120 to 542 included in the red area and the yellow area is a new extension being applied for? At first I thought the litigation was about the yellow area but that doesn't make sense. But I'm not sure anything about the litigation makes sense!

Https://www.savannahresources.com/cms/wp-content/uploads/2021/04/NTR-of-MdB-April-2021.pdf

Posted at 19/1/2022 16:34 by sc2000uk
Would SAV still exist and be so close to having the EIA awarded if the shares had not been issued? Based on all the work done, dotting all the i's and crossing the t's, etc the I expect that SAV will 100% own (as didn't take the heavily discounted GALP cash for 10%) a mine that will have a NPV of £1BN+.

Look at the numbers, since the scope study. The NPV has to be 4x Scope study value as a minimum with all the positive changes (3-4X Li Price, Lower Shipping costs, Increase resources). Even if some is offset by increase CapEx Brought on by items now being higher cost and to allow for greater ESG costs (which we should pay and not have an issue paying).

This would give a share price in the 50's on this NPV. Had the Share in issue remained at 2018 levels then share price would be £1+ on this NPV.

However as I said at start, would SAV still own 100% of MdB and got it to this stage if they hadn't issued shares?

I see it was a clear choice between 2018 Shares in issue but a project only part owned and going no where or 2022 shares in issue with a Project that is 100% owned and going places.

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