The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSavannah Resources Share News (SAV)

Share Price Information for Savannah Resources (SAV)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 3.35
Bid: 3.30
Ask: 3.40
Change: -0.10 (-2.90%)
Spread: 0.10 (3.03%)
Open: 3.45
High: 3.45
Low: 3.35
Prev. Close: 3.45
SAV Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: URA orders Gravelotte parts; Kefi sustains progress

Wed, 06th Sep 2023 15:40

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

----------

URA Holdings PLC - Africa-focused mineral exploration company - Says significant progress has been made at Gravelotte, its 74%-owned emerald mine in South Africa. Orders have been placed for a custom-made optical sorter following the completion of test work at Angelon Electronics Co Ltd in China. Notes that the costs for an optical sorter from Angelon are significantly cheaper than the costs of one from Germany. A primary crusher and primary sizing screen with associated conveyors and dewatering pumps, are all in the process of being sourced, acquired and installed into the current circuit. Says trial mining and processing activities could potentially re-start as soon as six to eight months from September, subject to schedule.

----------

Alien Metals Ltd - Australia-focused minerals exploration and development company - Says that exploration review of Pinderi Hills in Australia confirms potential for nickel and copper. Near surface results at the site include 5.2 metres at 2.1% nickel, 166 ounces of silver per tonne. Alien Metals plans to undertake focused exploration activities on additional base metal targets, and has commissioned detailed aerial reconnaissance over the Pinderi Hills area. Chief Executive Officer Troy Whittaker says: "Whilst our priority remains the development of the Hancock iron ore project, it is pleasing to see the detailed work by the geology team to continue focusing on valuable nickel, copper and other base metals targets that have been overlooked by previous explorers. The Elizabeth Hill silver mine is part of the greater opportunity the company must make in identifying significant new discoveries in the unique multi-commodity, mineral-rich province of the Pinderi Hills."

----------

Atlantic Lithium Ltd - Sydney-based, Africa-focused lithium exploration and development firm - Receives further assay results from the resource and exploration drilling programme underway at the Ewoyaa lithium project in Ghana, West Africa. These show high-grade infill drill intersections at the Ewoyaa South-2 deposit, designed to convert inferred to indicated resources. Additional intersections are reported at the Kaampakrom Ewoyaa Main and Ewoyaa North-West deposits, also outside of the current resource. Executive Chair Neil Herbert says: "A total of 18,500m of infill, extensional and exploration RC drilling has been planned for 2023. These programmes are intended to grow and improve the confidence of the Ewoyaa Resource, in turn, improving the economics of the project."

----------

Bezant Resources PLC - Botswana-focused copper and gold explorer and developer - Notes positive results of Phase Two metallurgical testing carried out by Wardell Armstrong International on a sample from its 100%-owned Kanye manganese exploration project in Botswana. Testing showed that both grind size and leaching temperature had minimal influence on the final manganese recovery. Says the Kanye manganese deposit demonstrates an excellent overall manganese recovery using moderate leaching conditions compared with benchmarked projects. Further metallurgical test work will be considered at a later stage of project advancement.

----------

Kefi Gold & Copper PLC - Ethiopia-focused gold and copper company - Completes 13,000 metre drill programme at Jibal Qutman in Saudi Arabia. Trenching and diamond drilling to identify additional resources is ongoing, while metallurgical test work has been completed on oxide ore. Meanwhile, at Hawiah, the ongoing infill and expansion drilling campaign "continues to yield positive results". The programme is designed to upgrade the resource classification to allow for further ore reserves definition.

----------

Savannah Resources PLC- London-based lithium development company - Lauds progress at its Barroso lithium project in northern Portugal. On the topic of commercial arrangements, says it is in a strong negotiating position and has yet to commit to any offtake arrangements. Adds that, following the endorsement of the project by the Portuguese environmental regulator, the level of strategic partnership interest in the project has "notably" increased. Savannah is currently working to identify a shortlist of potential strategic partners which are willing to assist with the financing of the project's construction. It expects to provide an update on the project's commercial arrangements towards the end of the year.

----------

Severfield PLC - North Yorkshire, England-based structural steel group - Says that trading in the first five months of the year is in line with expectations, and that its cash and balance sheet position remains strong. Adds that it is pleased with the " continuing high quality of the UK and Europe order book", which was GBP479 million on September 1, down from GBP510 million on June 1. Is continuing to see some large project opportunities in the UK and in continental Europe, supported by the recent acquisition of Voortman Steel Construction. In India, the group's order book has increased to GBP170 million in September from GBP139 million in June. Looking ahead, says that the outlook "remains positive", and that "our businesses are well-positioned".

----------

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
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

Read more
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.

Read more
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.

Read more
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

Read more
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

Read more
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

Read more
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

Read more
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.

Read more
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

Read more
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

Read more
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

Read more
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

Read more
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

Read more
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

Read more
13 Dec 2016 10:12

Savannah Begins Scoping Study Work For Mutamba, Drilling On Ravene

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.