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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: 3.30
Bid: 3.20
Ask: 3.40
Change: 0.10 (3.13%)
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Open: 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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19 Jun 2018 12:21

Savannah Resources Nets GBP161,336 Following Warrants Exercise (ALLISS)

LONDON (Alliance News) - Savannah Resources PLC on Tuesday said it has raised GBP161,336 following the exercise of share warrants.The mineral exploration & development company issued at

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14 Jun 2018 11:48

Savannah Resources Confident On Future After Scoping Study Results

LONDON (Alliance News) - Savannah Resources PLC on Thursday said a scoping study for its Mina do Barroso project confirms that it has the potential to be a major European lithium in the company at

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14 Jun 2018 08:33

Savannah says Portuguese lithium project potentially 'major' producer

(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.

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14 May 2018 13:14

Savannah Resources moves a step closer to Oman mining licences

(Sharecast News) - Savannah Resources announced the issuance of letters of no objection from all eight ministries for both the Mahab 4 and Maqail South mining licence applications on Monday.

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14 May 2018 11:13

Omani Ministries Offer No Objection To Savannah Resources Application

LONDON (Alliance News) - Savannah Resources PLC on Monday said it has received letters of no objection from all eight relevant ministries for its two mining licence applications in Oman.The

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2 May 2018 11:29

Savannah Resources Reports Increased Lithium At Portuguese Mine

LONDON (Alliance News) - Savannah Resources PLC said Wednesday there has been a "significant" increase in the indicated and inferred mineral resource estimates at the Mina do Barroso in

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26 Apr 2018 14:32

Savannah Begins Bulk Sampling At Lithium Project In Portugal

LONDON (Alliance News) - Savannah Resources PLC said Thursday the collection of a bulk sample is underway at one of its three primary targets at the Mina do Barroso lithium project in energy miner

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23 Apr 2018 18:32

Savannah Resources To Up Stake In Mutamba Project, Awaits Mining Lease

LONDON (Alliance News) - Savannah Resources PLC on Monday said that it is awaiting mining lease for its joint venture Mutamba Heavy Minerals Sands project in Mozambique whilst also looking forward

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23 Apr 2018 08:14

Savannah Resources still awaiting government approval

(Sharecast News) - While waiting for the outcome of an analysis by the Mozambique government, diversified resources group Savannah Resources said it was making "progress" in carrying out "critical work" at its Mutamba project.

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4 Apr 2018 14:11

Husain Al-Lawati Now Holds 7.3% Interest In Savannah Resources (ALLISS)

LONDON (Alliance News) - Savannah Resources PLC said on Wednesday Husain Al-Lawati now has a 7.3% stake in the company after a transaction on Tuesday.Prior to that, was

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3 Apr 2018 15:32

Slipstream Resources Acquires 4.4% Stake In Savannah Resources (ALLISS)

LONDON (Alliance News) - Savannah Resources PLC said on Tuesday that Slipstream Resources Investments Pty Ltd has acquired a 4.36% interest in the company, in a transaction in

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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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