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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: 4.30
Bid: 4.20
Ask: 4.40
Change: -0.30 (-6.74%)
Spread: 0.20 (4.762%)
Open: 4.35
High: 4.45
Low: 4.15
Prev. Close: 4.45
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Savannah says Portuguese lithium project potentially 'major' producer

Thu, 14th Jun 2018 08:33

(Sharecast News) - AIM-quoted resource development company Savannah Resources said on Thursday that its Mina do Barroso lithium project in Northern Portugal has the potential to be a "major European producer" of spodumene lithium.Savannah's recently undertaken scoping study at Mina do Barroso demonstrated "robust project economics" with the potential to deliver substantial shareholder value at the project, which it considered to be of "low technical risk" with open pit mining and conventional processing to produce a spodumene concentrate for export sale.The London-based firm strong outcomes based on an average annual run-of-mine production of 1.3Mt per year, over 11 years, pointed to a life of mine EBITDA of $805m, or $72m per year.Savannah's chief executive, David Archer said, "Mina do Barroso is developing fast and it is clear that it will be a key feature in the upstream part of the European lithium value chain and will help to drive European lithium independence.""Since acquiring the project just over a year ago we have achieved an enormous amount, having delivered not only a maiden mineral resource estimate but two major mineral resource estimate upgrades with the current estimate at 14Mt at 1.1% Li2O, and now, a scoping study. We are committed to maintaining this pace as we continue to fast-track towards production," he added.Savannah shares, Savannah shares, which had been recommended as a "buy for the adventurous investor" over the weekend by the Mail on Sunday, had climbed 5.09% to 13.92p by 0830 BST on Thursday,
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3 Apr 2018 12:19

Savannah Resources Nets GBP1.5 Million In Placing, More Possible (ALLISS)

LONDON (Alliance News) - Savannah Resources PLC said Tuesday it has raised GBP1.5 million in cash after both new and existing investors subscribed for shares in

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1 Feb 2017 16:07

Savannah Resources completes drilling at Ravene

(ShareCast News) - Savannah Resources announced on Wednesday that it has completed drilling at the Ravene deposit in Mozambique, which forms part of the Mutamba mineral sands project being developed by Savannah and Rio Tinto as part of a consortium agreement. The AIM-traded company said it has compl

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22 Dec 2016 08:46

Savannah Resources posts positive sampling results

(ShareCast News) - Resource development company Savannah Resources announced on Thursday that all results had now been received from reconnaissance rock chip sampling over its new lithium projects in Finland, Somero and Erajarvi. The AIM-traded firm said the work programme returned anomalous lithium

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13 Dec 2016 12:52

Environment studies start at Savannah, Rio Tinto mineral sands project

(ShareCast News) - AIM-listed explorer Savannah Resources announced it has a fully operational and expanded team in its joint mineral sands project with mining giant Rio Tinto and has started scoping and environmental studies. The Mutamba mineral sands project in Mozambique is being developed with R

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13 Dec 2016 10:12

Savannah Begins Scoping Study Work For Mutamba, Drilling On Ravene

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16 Nov 2016 11:29

Savannah Encouraged By Consistent Copper Mineralisation In Oman

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16 Nov 2016 10:03

Savannah Resources 'encouraged' by copper mineralisation at Oman sites

(ShareCast News) - Miner Savannah Resources "encouraged" by high grade copper mineralisation at its Oman sites after a resource drilling programme. The results for the drilling programme at the Mahab four prospect in block five in Oman found that the 16B5DD018 licence, drilled at 14.25 meters had 3.

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8 Nov 2016 10:44

Savannah Resources upbeat on Mutamba mineral estimate

(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

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24 Oct 2016 08:21

Savannah Resources Begins Environmental Studies For Oman Copper Mines

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12 Oct 2016 14:05

Savannah Resources raises a further £800,000 via share placing

(ShareCast News) - Copper, gold and lithium explorer Savannah Resources raised further equity on AIM after another share placing to fund development at its mining projects in Oman, Mozambique and Finland About 23.5m shares were subscribed to at 3.5p each to raise £825,186 adding to the £1.42m raised

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11 Oct 2016 07:27

Savannah Resources And Rio Tinto To Start Mozambique Work Immediately

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26 Sep 2016 15:10

Savannah Resources raises £1.42m in placing

(ShareCast News) - Resource development company Savannah Resources announced on Monday that it has raised approximately £1.42m, before expenses, through the placing of 28,208,973 new ordinary shares and subscription for 12,500,000 new ordinary shares at a placing price of 3.5p per share, with both n

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28 Jul 2016 13:15

Savannah Resources begins exploration at Somero and Eräjärvi

(ShareCast News) - Resource-development company Savannah Resources said exploration has started at its two new lithium projects in Finland, Somero and Eräjärvi. It received no landowner objections during the one-month statutory objection period required before work on the ground could begin. The ex

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28 Jul 2016 09:59

Savannah Resources Starts Work On Finnish Lithium Projects

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29 Jun 2016 08:27

Savannah And Rio Tinto Extend Joint Venture Deadline To September 30

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