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Pin to quick picksSavannah Resources Share News (SAV)

Share Price Information for Savannah Resources (SAV)

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Share Price: 3.40
Bid: 3.30
Ask: 3.50
Change: 0.10 (3.03%)
Spread: 0.20 (6.061%)
Open: 3.40
High: 3.40
Low: 3.40
Prev. Close: 3.30
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Savannah Resources upbeat on Mutamba mineral estimate

Tue, 08th Nov 2016 10:44

(ShareCast News) - Savannah Resources said results of its mineral resource estimate of the Jangamo and Dongane deposits in the Mutamba project underscored it as one of the largest ilmenite-dominant, mineral sands accumulations on the east coast of Africa.The AIM-quoted outfit said this was a major milestone for the company and consortium partner Rio Tinto."While we are delighted with the outcome, what it really means is that we now have an exceptional foundation for our scoping study of the project," said chief executive David Archer in a statement."The scoping study will focus on the areas of mineral occurrence which are most prospective in terms of size and grade, with little to no overburden factors, which should facilitate simple, low cost mining," Archer added.Savannah believed there was an excellent opportunity to potentially define an initial phase, low-capital expenditure, long-life, dry mining project of about a 200Mt well-graded resource, associated with a series of reworked coastal dunes.The estimate revealed an initial indicated and inferred mineral resource estimate of 3.5bn tonnes at 3.8% total heavy minerals.It contained 81m tonnes (Mt) of ilmenite, 2.2Mt rutile and 3.8Mt zircon. Savannah added that 52% of mineral resource was in the indicated category, with 48% in the inferred category.At about 11:20 GMT, shares in Savannah were up 2.86% to 4.5p.
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13 Dec 2022 11:22

CORRECT (Dec 09): Savannah Energy completes Exxon Mobil acquisition

(Correcting that the Exxon Mobil portfolio acquisition was completed by Savannah Energy, not Savannah Resources.)

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9 Dec 2022 19:54

TRADING UPDATES: Savannah completes Exxon Mobil portfolio acquisition

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8 Dec 2022 14:41

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10 Nov 2022 15:52

TRADING UPDATES: Vertu Motors sizes up acquisition; Ondo's Hiscox deal

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26 Sep 2022 13:38

EARNINGS UPDATES: Devolver Digital and Jangada swing to interim loss

(Alliance News) - The following is a round-up of earnings reports by London-listed companies, issued on Monday and not separately reported by Alliance News:

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29 Jul 2022 14:02

Lekoil Chair Olapade Durotoye to take up role with Savannah Energy

(Alliance News) - Lekoil Ltd on Friday said Non-Executive Chair Olapade Durotoye plans to take up a "significant" role with Savannah Energy PLC in Nigeria.

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25 Jul 2022 11:27

Savannah Resources shares fall on land ownership lawsuit against it

(Alliance News) - Savannah Resources PLC on Monday said it is being sued by Covas do Barroso Baldios regarding 1.4% of the ownership of land of its Barroso lithium project in northern Portugal.

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6 Jul 2022 11:42

IN BRIEF: Savannah Resources shares fall as CEO departs

Savannah Resources PLC - London-based mineral resource development company - Announces that Chief Executive David Archer is stepping down with immediate effect after nearly 9 years. He will be succeeded on an interim basis by Dale Ferguson. Outgoing CEO says: "I am immensely proud to leave the company and the Barroso Lithium Project well positioned to be a major European supplier of this strategic raw material."

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21 Jun 2022 22:13

TRADING UPDATES: Coca-Cola HBC and Pendragon shareholders show ire

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8 Jun 2022 12:17

TRADING UPDATES: City Pub Jubilee boost; Fulham Shore fights inflation

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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1 Jun 2022 16:04

UK shareholder meetings calendar - next 7 days

Thursday 2 June  
Clontarf Energy PLCGM re issue of new shares
HealthBeacon PLCAGM
Friday 3 June  
no events scheduled  
Monday 6 June  
Alphawave IP Group PLCAGM
Minoan Group PLCAGM
Omega Diagnostics Group PLCAGM
Sensyne Health PLCGM re strategic financing
Tuesday 7 June  
Animalcare Group PLCAGM
Arix Bioscience PLCAGM
Centrica PLCAGM
Integrated Diagnostics Holdings PLCAGM
Kooth PLCAGM
Ondine Biomedical IncAGM
Osirium Technologies PLCAGM
SpaceandPeople PLCAGM
TruFin PLCAGM
Wednesday 8 June  
Ascent Resources PLCAGM
Cambridge Cognition Holdings PLCAGM
City Pub Group PLCAGM
DP Eurasia NVAGM
Gem Diamonds LtdAGM
Hiro Metaverse Acquisitions I SAAGM
Itaconix PLCAGM
M&G Credit Income Investment Trust PLCAGM
Nostrum Oil & Gas PLCAGM
Parity Group PLCAGM
Petards Group PLCAGM
Safestyle UK PLCAGM
Savannah Resources PLCAGM
Third Point Investors LtdAGM
Woodbois LtdAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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6 Apr 2022 12:05

EARNINGS UPDATES: Epwin, Wentworth Resources post 2021 profit hikes

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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30 Mar 2022 15:14

IN BRIEF: Savannah Resources partners with ABB on Barroso project

Savannah Resources PLC - London-based mineral resource development company - Signs memorandum of understanding with ABB Ltd in connection with a decarbonisation study for the construction and operations of the company's Barroso lithium project in Portugal.

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30 Mar 2022 07:40

Savannah Resources strikes agreement with ABB

(Sharecast News) - Lithium developer Savannah Resources has struck a memorandum of understanding with technology outfit ABB as it progresses with its plans for a zero-emission lithium project in Europe.

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4 Feb 2022 21:26

TRADING UPDATES: Cadence adds to fundraise; Sylvania profit up

TRADING UPDATES: Cadence adds to fundraise; Sylvania profit up

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