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Gibberish! AI?
The progress of the project will turn fluent after (if) approving Environmental permitting. It will really help raising money for the investments. Construction of mine and minerals processing plant and operation of the plants are just businesses as usual.
You can read the latest updates of the project from company's web site: Investors/RNS feed.
Link to the latest one: https://www.savannahresources.com/investors/rns-feed/rns-announcements/?rid=4430677
- Assay results from the Resource related drilling will be reported in due course with Savannah expecting to start publishing updated Resource estimations on a deposit by deposit basis from Q1 2024.
- Savannah still expects to complete the DFS in 2H 2024.
Savannah still expects to complete the studies, works and adaptations required to confirm compliance with all elements of the DIA in 2H 2024.
Been watching SAV for a while but just can’t see any construction in sight for next 5 years. It’s a tough process getting through EIA and to production.
Looks to have a great project if successful. Is there any immediate news over coming 6 months? Keen to get back in at some point
Wishing all holders Happy Christmas and let’s all hope for some excellent news releases in the upcoming months.
Https://x.com/savannahres/status/1737873962460213291?s=61&t=AJxxcVs_tbxqv1S84UYMow
Looks like one of those Christmas card message annual updates detailing the wonderful holidays and how brilliant the kids are. That said, 2023 has laid and delivered the foundations for 2024 and I for one, am looking forward to seeing the outcome.
SAV should benefit on the journey to a predicted cheap energy future ,within 10-15 years , very interesting talk by Tony Seba to a Middle East audience a few weeks ago . https://youtu.be/7eJKTYc_v-I?si=wbD9hNfYWni3ncWm
Not for Audi it's not. There is a current slump in the EV market, but I see this as short term. Just today there's talk of oil prices going up due to issues in the Red Sea. This brings home that ICE will always fluctuate on price to run. Tesla will be loving this.
I still expect EV's to break into 20+% market share (in Europe+UK) in 2024. If you say that is 2M EV's in 2024 (based on a market of 10M Cars).
Then given that SAV is only looking to mine enough Li for 500,000 EV's per year. Then it will only need to supply 1 in 4 of EV's based on 2024 sales.
Audi reducing commitment to EV's isn't good news 😕
Lithium is classified both as CRITICAL material for Europe based on criteria including economic importance and supply risk and as STRATEGIC material for Europe because its importance in trategic areas such as renewable energy, digital, aerospace and defence technologies enabling EU to achieve the technological, environmental and political goals .
More intelligence or just more time to read and interpret 158 pages of collated information that someone, somewhere will base some sort of policy proposal.
For anybody more intelligent than me, maybe can read something into this report…. https://op.europa.eu/en/publication-detail/-/publication/57318397-fdd4-11ed-a05c-01aa75ed71a1/language-en
I too see no huge rush to fix a partner. The main objective surely is to choose or solicit the right partner with the skills and knowledge the Co requires.
Personally I don’t see a shortlist of competing possibles coming from SAV and certainly not without permission from those parties which I would have thought unlikely.
Ultimately I do see a short list of potential partners with different inputs or skill sets to help take the project forward. Also, and I may be in a minority and wrong, nor do I see the need to rush into anything prematurely.
Not sure SAV was to give a 'Partner' update, in the way it might be seen as if a Partner was to be announced. The summer presentations stated "Initiate strategic/offtake partner selection".
This has been achieved via the appointment of Barclays and Barrenjoey Advisory. I don't see that SAV made any more commitment for 2023 beyond this. So have remained true to their word.
I would like to see in Q1 a shortlist announced, so we know the quality of the companies we could go into business with.
Think we're due to have a partner update prior to Xmas, assuming SAV true to its word it's pressing on with the project regardless of the investigation. Hope we don't see any slacking on this.
… and maybe for the future it ain’t going to be just all about EV’s. Who knows.
Don’t to be too downhearted by current sp, don’t they say the darkest hours are just before dawn. I know we have had many false dawns over the years but with appointment of Barclays and Barrenjoey to sift out a partnership we must be closer than we ever have been to those green shoots
https://www.gov.uk/government/news/ukaea-awards-74m-to-develop-lithium-technologies-for-fusion
SAVs PR dept have once again failed to cover themselves in glory! It’s a poor show when Luserocursos gets a mention and we don’t?
It might help even more if we weren’t airbrushed out of the picture. Oversight or overlooked.
CATL are using sodium cells these are being used in low end EV but have not got the energy density (nominal 2.3v)these cells are mainly used for stationary applications.I thing these are being used mainly for price and to relieve bottlenecks.
Worrying about new battery technologies has always been futile. As has trying to time the market. Nasdaq view is it’s still early days.
https://www.nasdaq.com/articles/lithium-short-term-opportunities-for-a-long-term-trend
“ We believe we’re in the early stages of a lithium bull market. It is our belief that pure-play lithium miners—companies that are upstream in the supply chain—may benefit most from the increased demand for this critical battery metal.”
“Move at maximum speed”? S-Lowest Common Denominator never has been and I doubt ever will be SAV. That accolade has passed through numerous hands over the years.
Need to bone up on the NV news but would be very surprised if this was a rejection of lithium in favour of Sodium at the sole expense of the current absence of European raw material producers.
Maybe there will be a collective decision to get out of bed on the more optimistic side of the bed in the new year.
Currently 160Wh/kg v 300Wh/kg for lithium, but presumably they will improve that over further versions in next few years to narrow that gap ? SAV need to move at maximum speed to maximise their market whilst lithium is the best option.