Firering Strategic Minerals: From explorer to producer. Watch the video 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: 4.50
Bid: 4.40
Ask: 4.60
Change: 0.55 (13.92%)
Spread: 0.20 (4.545%)
Open: 4.50
High: 4.85
Low: 4.50
Prev. Close: 3.95
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
11 Jun 2014 11:34

Savannah Resources Sees "Encouraging" Drilling Results At Jangamo

LONDON (Alliance News) - Savannah Resources PLC said Wednesday that the visual heavy metal sand mineralisation it has seen from the drilling programme at its Jangamo project in southern Mozambique have been "highly encouraging" so far. The company has completed over half of its planned 4,00

Read more
23 May 2014 09:45

Savannah Resources Starts New Drilling Campaign At Jangamo

LONDON (Alliance News) - Savannah Resources PLC Friday said it has started a new drilling programme at its Jangamo heavy mineral sands project in Mozambique. AIM-listed Savannah Resources said a 4,000 metre reverse circulation drilling programme is underway to define the prospectivity of Ja

Read more
9 May 2014 11:03

Savannah Resources Pretax Loss Widens On Impairments

LONDON (Alliance News) - Savannah Resources PLC Friday said its pretax loss widened in 2013 despite largely flat expenses, as impairment charges hit the company. The minerals exploration and development company, which is yet to post any revenues, said its pretax loss widened to GBP2.0 milli

Read more
1 May 2014 13:03

UK MIDDAY BRIEFING: Lloyds Kicks Off Bank Season With Improvement

LONDON (Alliance News) - Lloyds Banking Group kicked off the first-quarter bank earnings season Thursday, reporting that its pretax profit dropped by a third to GBP1.37 billion after last year was buoyed by gains on the sale of government securities.

However, its un

Read more
1 May 2014 11:27

UK WINNERS & LOSERS: Lloyds Atop FTSE 100 Risers; Weir Leads Fallers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.
-------
FTSE 100 - WINNERS
-------
Lloyds Banking Group, up 4.8%. The banking group is the biggest riser in the

Read more
1 May 2014 11:13

Savannah Resources Up As It Pauses Facility Drawdown

LONDON (Alliance News) - Savannah Resources PLC saw its shares rise Thursday after it said it had paused drawing down funds from its facility with the Bergen Global Opportunity Fund LP for 30 days due to the general share market conditions for junior resources companies. In a statement, the

Read more
24 Apr 2014 10:16

Savannah Resources Receives Positive Results From Jangamo Survey

LONDON (Alliance News) - Savannah Resources PLC Thursday said it has received positive results from its ground magnetic survey at the Jangamo heavy mineral sands project in Mozambique. The minerals exploration and development company said the test, which was carried out over anomalous drill

Read more
17 Apr 2014 12:04

Savannah Resources Further Defines High Grade Zones At Jangamo

LONDON (Alliance News) - Savannah Resources PLC Thursday said further testwork has defined high grade zones of heavy minerals at its Jangamo heavy mineral sands project in Mozambique. The minerals exploration and development company said further analysis of samples collected on its 1,812 me

Read more
10 Apr 2014 16:16

Savannah Resources buys Gentor Resources

Savannah Resources' shares rose after saying it has agreed to buy Gentor Resources, which has interests in block five and block six copper projects in the Sultanate of Oman. The group has bought 100% of the subsidiary of Gentor Resources Inc., which has a 65% interest in block five and the right to

Read more
10 Apr 2014 13:36

Savannah Raises USD6.3M, Acquires Copper Projects

LONDON (Alliance News) - Savannah Resources PLC said Thursday that it had raised USD6.3 million in a private placing to fund its acquisition of interests in the Oman Copper Belt. It will place USD5.9 million in shares, and issue a USD400,000 unsecured convertible instrument to Bergen Global

Read more
3 Apr 2014 10:39

Savannah Resources Starts Ground Magnetic Study At Jangamo

LONDON (Alliance News) - Savannah Resources Thursday said it has started a ground magnetic survey at the Jangamo heavy mineral sands project in Mozambique. The minerals exploration and development company said a two-week ground geophysics programme is now underway at Jangamo in order to mor

Read more
28 Mar 2014 11:13

Alecto Acquires Additional Malian Gold Projects From Savannah Resources

LONDON (Alliance News) - Alecto Minerals PLC said Friday it has enhanced its existing gold portfolio in Mali with the acquisition of the total issued share capital of Savannah Resources PLC subsidiary, NewMines Holdings Limited. Aletco's existing gold portfolio is Mali includes its flagship

Read more
24 Mar 2014 13:10

Savannah Resources generates funds for Jangamo project

Diversified exploration group Savannah Resources has placed 20m share to raise funds for its 2014 exploration programme at Jangamo in southern Mozambique. The AIM-listed firm said it raised £1.5m before expenses after placing the shares at 7.5p each. The group recently completed a drill programme

Read more
24 Mar 2014 12:16

Savannah Resources Raises GBP1.5 Million In Share Placing

LONDON (Alliance News) - Savannah Resources PLC Monday said it has raised GBP1.5 million through the placing of 20 million shares at a price of 7.5 pence per share. The exploration and development company said it is now in a strong cash position of over GBP2.0 million following the placing,

Read more
24 Mar 2014 08:27

UK MORNING BRIEFING: Shares Open Mixed; Kentz Expects Strong 2014

LONDON (Alliance News) - Shares have opened mixed Monday despite a strong lead from Asian markets, as tensions in Ukraine continue to concern investors.

Kentz Corp said its pretax profit increased in 2013 driven by revenue growth at its Technical Support Services di

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.