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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: 3.35
Bid: 3.30
Ask: 3.40
Change: -0.10 (-2.90%)
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Open: 3.45
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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:

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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.

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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."

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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."

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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.

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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.

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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.

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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".

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By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
18 Sep 2023 16:13

IN BRIEF: Savannah Resources not in sale process despite media reports

Savannah Resources PLC - lithium development company - Denies reports from Portuguese press that it is in a sale process. Says it is not in a sale process regarding the Barroso lithium project nor the company itself. Reiterates that on September 6, it had said that it received "significant" commercial interest in the project for several years and that there has been additional interest since the completion of a new positive scoping study. "Savannah is focusing on identifying groups which are willing to assist with the financing of the project's construction and bring complementary skills or additional opportunities to a long-term partnership with Savannah," firm says.

Read more
12 Sep 2023 12:12

Savannah Resources hires new CEO from large Portuguese firm

(Alliance News) - Savannah Resources PLC on Tuesday said it has appointed Emanuel Proenca as its new chief executive officer.

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6 Sep 2023 14:07

Savannah reports significant progress at Barroso Lithium Project

(Sharecast News) - Europe-focussed lithium developer Savannah Resources announced significant progress in various aspects of its wholly-owned Barroso Lithium Project in Portugal on Wednesday.

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21 Jul 2023 10:07

Director dealings: Savannah non-exec invests, Lok'nStore director sells holding

(Sharecast News) - Lithium developer Savannah Resources was on the list of director buys on Friday, after a non-executive director picked up almost half a million shares.

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18 Jul 2023 14:14

IN BRIEF: Savannah Resources fundraise raises extra GBP400,000

Savannah Resources PLC - lithium development company - Announces it has increased the gross proceeds from the fundraise announced last Thursday to GBP6.5 million from GBP6.1 million, following 8.8 million shares being issued raising GBP400,000. This means that 139.2 million new shares will be issued for a fundraise, increasing fundraise total to GBP6.5 million. The company will have an approximate GBP11.4 million in cash.

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14 Jul 2023 08:22

Savannah Resources raises GBP6.1 million for Portugal lithium project

(Alliance News) - Savannah Resources PLC on Friday said it raised GBP6.1 million, bolstering its coffers as it looks to develop a lithium project in Portugal.

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13 Jul 2023 17:20

Savannah Resources plans GBP5.8 million fundraise to boost project

(Alliance News) - Savannah Resources PLC on Thursday said it plans to raise GBP5.8 million, in order to boost its Barroso lithium project in northern Portugal.

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3 Jul 2023 17:31

TRADING UPDATES: Mycelx wins deal; 88 Energy buys in Texas

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

Read more
12 Jun 2023 15:51

UK shareholder meetings calendar - next 7 days

Tuesday 13 June 
Animalcare Group PLCAGM
Asiamet Resources LtdAGM
Centrica PLCAGM
Dillistone Group PLCAGM
EJF Investments LtdAGM
Elixirr International PLCAGM
Flowtech Fluidpower PLCAGM
Frenkel Topping Group PLCAGM
Great Western Mining Corp PLCAGM
Newbury Racecourse PLCAGM
Plant Health Care PLCAGM
Pressure Technologies PLCGM re delay to the publication of the FY22 Annual Report and directors' remuneration
Pod Point Group Holdings PLCAGM
Sound Energy PLCAGM
Zinnwald Lithium PLCAGM
Wednesday 14 June 
abrdn Property Income Trust LtdAGM
abrdn Smaller Companies Income Trust PLCAGM
Andrews Sykes Group PLCAGM
Aquila Energy Efficiency Trust PLCAGM
Aurrigo International PLCAGM
Brave Bison Group PLCAGM
Christie Group PLCAGM
Foresight Solar Fund LtdAGM
IGas Energy PLCAGM
International Consolidated Airlines Group SAAGM
Iofina PLCAGM
James Fisher & Sons PLCAGM
Liberty Global PLCAGM
M&C Saatchi PLCAGM
Octopus Titan VCT PLCAGM
Petards Group PLCAGM
Thursday 15 June 
Amaroq Minerals LtdAGM
Anexo Group PLCAGM
ASA International Group PLCAGM
Baillie Gifford China Growth Trust PLCAGM
Chapel Down Group PLCAGM
Directa Plus PLCAGM
Everyman Media Group PLCAGM
HC Slingsby PLCAGM
Inspecs Group PLCAGM
Informa PLCAGM
IP Group PLCAGM
LBG Media PLCAGM
M&G Credit Income Investment Trust PLCGM re amendment to the company's articles of association
Novacyt SAAGM
OTAQ PLCAGM
Parity Group PLCAGM
PetroTal CorpAGM
Pollen Street PLCAGM
Shaftesbury Capital PLCAGM
Southern Energy CorpAGM
Friday 16 June 
Alpha Growth PLCAGM
Anglo-Eastern Plantations PLCAGM
Gulf Keystone Petroleum LtdAGM
John Lewis of Hungerford PLCGM re proposed cancellation of admission to trading on AIM
Tesco PLCAGM
Woodbois LtdAGM
Monday 19 June 
All ThingsConsidered Group PLCAGM
Blackbird PLCAGM
Finsbury Food Group PLCAGM
Globalworth Real Estate Investments LtdAGM
Marlowe PLCGM re proposed capital reduction
Metals Exploration PLCAGM
Red Rock Resources PLCGM re security conversion into shares for cash
Savannah Resources PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Jun 2023 10:16

Savannah Resources hails net present value of Barroso lithium project

(Alliance News) - Savannah Resources PLC on Monday announced results from a new scoping study on its Barroso lithium project in northern Portugal.

Read more
31 May 2023 11:37

IN BRIEF: Savannah shares soar as hails milestone for Barroso mine

Savannah Resources PLC - London-based lithium development company - Receives positive declaration of environmental impact from the Portuguese environmental regulator, Agencia Portuguesa do Ambiente, for its wholly owned Barroso lithium project in northern Portugal. Adds, it has agreed to the set of conditions issued alongside the declaration to ensure the project is "developed and operated in a socially and environmentally responsible way." Says project can now progress to the next stage of its environmental licensing process. Expects to publish a new scoping study in the second half of 2023 and will move forward with its definitive feasibility study, which includes carrying out fieldwork later in the year. Savannah has been in talks with APA in the last few months over Barroso's environmental impact assessment. Based on feedback, Savannah has focused on the management of water resources, optimisation of project-related infrastructure, ecology, socio-economic considerations and landscape impacts.

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31 May 2023 10:45

AIM WINNERS & LOSERS: Purplebricks plummets on withdrawal of offer

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

Read more
31 May 2023 09:18

LONDON MARKET OPEN: Stocks down on US debt ceiling jitters

(Alliance News) - Stock prices in London opened lower on Wednesday, as financial markets await a vote on the US debt ceiling agreement.

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26 May 2023 11:48

IN BRIEF: Savannah Resources notes sales of Petronas's assets

Savannah Resources PLC - London-based energy company, with projects in Cameroon, Chad, Niger and Nigeria - Gets notice from Petronas Overseas Ventures of sale of its assets to Societe des Hydrocarbures. This comes after a share purchase agreement for a wholly owned affiliate of Savannah to purchase Petronas's asset portfolio in Chad and Cameroon was terminated in December. Petronas owned 30% of Cameroon Oil Transportation Company SA, while Savannah currently holds a 41% interest in COTCO.

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