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Pin to quick picksSavannah Resources Share News (SAV)

Share Price Information for Savannah Resources (SAV)

London Stock Exchange
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Share Price: 3.35
Bid: 3.30
Ask: 3.40
Change: 0.00 (0.00%)
Spread: 0.10 (3.03%)
Open: 3.35
High: 3.30
Low: 3.30
Prev. Close: 3.30
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TRADING UPDATES: Greatland hails gold find; Capital revenue climbs

Thu, 20th Apr 2023 17:23

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

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Capital Ltd - African markets-focused mining services provider - In the first quarter of 2023, revenue grows to USD77.8 million from USD66.9 million a year prior. Average monthly revenue per operating rig rises 10% to USD192,000 from USD174,000. Reiterates former expectation of 2023 revenue of USD320 million to USD340 million, up at least 10% from USD290.3 million in 2022. Chief Executive Peter Stokes says: "Our fleet remains highly utilised, our safety performance world class and we continue to see a strong tender pipeline of opportunities. This provides us a solid platform to achieve another record year milestone for 2023."

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Clean Power Hydrogen PLC - Doncaster, England-based green hydrogen technology and manufacturing company - Pretax loss widens to GBP3.6 million in 2022 from GBP3.5 million in 2021. Posts no revenue, down from GBP28,000. Administrative costs widen to GBP4.8 million from GBP2.1 million. Looking ahead, says is well positioned to use its technology and commercial differentiators to meet its strategic objectives.

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Greatland Gold PLC - London-based development and exploration company, specialising in one-tier gold and copper deposits in Australia - Finds 393 grammes of gold per tonne at Rudall project in Paterson province of Western Australia. Managing Director Shaun Day says: "These results, together with our continual improvement in understanding of the covered basement geology, stratigraphy and structure, increase our confidence in the prospectivity of the region, and our ability to vector towards intrusion related and other styles of mineralised systems on our extensive ground holdings."

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Nostra Terra Oil & Gas Co PLC - London-based oil & gas exploration and production company with a portfolio of development and production assets in Texas, US - Sells 11,988 barrels of oil in the fourth quarter of 2022, up 10% from 10,885 a year ago. Yields net revenue of USD946,464, 23% higher than USD767,000 a year prior. Average realised price for the period per barrel increases 13% to USD78.95 from around USD70. Further, says Fouke wells produce at rates above the current field allowable.

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Public Policy Holding Co Inc - US-based government relations and public affairs firm - Net loss narrows to USD7.2 million in 2022 from USD23.8 million in 2021. Revenue climbs to USD108.8 million from USD99.3 million. Personnel costs increase to USD52.3 million from USD44.1 million. Declares final dividend of USD0.095 per share, bringing the total to USD0.14. In 2021, the company had paid a dividend of USD0.0065 for the 15 days between December 16, when it had its IPO, to December 31. Looking ahead, expects organic revenue growth of 5% to 10% in 2023 while focuses on building a pipeline of strategic acquisition opportunities in the federal and state advocacy markets and public affairs markets in the US and abroad.

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Savannah Resources PLC - European lithium development company - Notes closure of public consultation period on revised Barroso lithium project environmental report and mine plan. Expects Portugal's environmental agency Agencia Portuguesa do Ambiente to continue with review and to issue its environmental impact statement at the end of May. Chief Executive Officer Dale Ferguson says: "Portugal is fortunate in having high quality lithium resources which could allow it to play a key role in providing a raw material which the European Commission has identified as being critical and strategic for the region's energy transition, as it looks to combat the effects of climate change and develop new sectors in its economy."

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Sherborne Investors (Guernsey) C Ltd - closed ended investment company - NAV per share at Dec 31 falls 8.2% to 75.62 pence from 82.38p a year prior. Pays final dividend of 0.5p per share dividend for 2022, bringing the total to 1.0p, compared to no payouts for 2021.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Savannah Resources reassured by legal review as Barroso advances

(Alliance News) - Savannah Resources PLC on Tuesday reported continued progress on key workstreams, and "confidently" reaffirmed its legal position in response to the 'Operation Influencer' investigation in Portugal.

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IN BRIEF: Savannah Resources drill programme on track at Barroso

Savannah Resources PLC - Lithium development company focused on the Barroso project in Portugal - Says it is on track with the first phase of its 2023/2024 drilling programme, despite a period of bad weather. Says that as of November 30, it has completed 24 of the planned 60 holes. Adds infill drilling for future JORC resource upgrades has been completed, with results to be reported "in due course."

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7 Nov 2023 18:18

Savannah Resources continues despite visit from Portuguese officials

(Alliance News) - Savannah Resources PLC on Tuesday said its work is continuing at the Barroso lithium project, whilst Portuguese investigating officials visited some of its sites.

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6 Nov 2023 18:06

IN BRIEF: Savannah Resources sees strong interest in Barroso project

Savannah Resources PLC - lithium development company focused on the Barroso project - Reports commercial interest in the project and its spodumene lithium offtake has been strong for a number of years. To quantify this interest, initiated a strategic partnering process in July, in which interested parties were invited to submit proposals outlining how they could assist Savannah with financing the project's development. Due to the high number of positive responses, appoints Barclays Bank PLC and Barrenjoey as joint financial advisers to lead on the next phase of the process.

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23 Oct 2023 13:33

Savannah Resources begins drilling at flagship Portugal lithium asset

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