Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. 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: 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
8 Aug 2019 11:50

Savannah Resources To Be Awarded Two New Mining Licences In Oman

LONDON (Alliance News) - Savannah Resources PLC is to be granted two mining licences over "high-grade" copper developments in Oman, it said on Thursday.Oman's Public Authority

Read more
26 Jun 2019 15:29

Savannah Resources expands in Portugal by exercising Aldeia option

(Sharecast News) - Savannah Resources announced on Wednesday that it was adding to its wholly-owned Mina do Barroso Lithium Project portfolio in northern Portugal, with the exercise of the Aldeia option to acquire the Aldeia Mining Lease application areas.

Read more
26 Jun 2019 14:23

Savannah Resources Buys Aldeia Blocks, Adding To Mina Do Barroso

(Alliance News) - Savannah Resources PLC said Wednesday it has added to its Mina do Barroso lithium project in northern Portugal by exercising an option to acquire a nearby mining lease.The

Read more
20 Jun 2019 11:37

Savannah Resources Buys Remaining Stake In Portuguese Lithium Project

(Alliance News) - Savannah Resources PLC on Thursday said it has acquired the remaining 25% stake in Portugal's Mina do Barroso lithium project in an all-share transaction.The deal 100%

Read more
31 May 2019 09:23

Savannah Resources Increases Mina Do Barroso Resource By 15%

LONDON (Alliance News) - Savannah Resources PLC sees room for further expansion of the mineral resource at Mina do Barroso, following a 15% upgrade, it said Friday.The new resource at the a

Read more
21 May 2019 11:23

Savannah Resources Annual Loss Widens As Develops Mina Do Barroso

LONDON (Alliance News) - Savannah Resources PLC on Tuesday reported a widened annual loss due to higher administrative expenses.For 2018, the resource development company posted pretax loss

Read more
14 May 2019 14:06

Savannah Resources Welcomes European Vehicle Battery Investment

LONDON (Alliance News) - Savannah Resources PLC on Tuesday welcomed a move by France and Germany to work on electric vehicle batteries.The two nations, Savannah said, have set up a battery

Read more
15 Apr 2019 15:30

Savannah Resources to acquire rest of Savannah Lithium

(Sharecast News) - Savannah Resources has entered into a term sheet to acquire the minority 25% shareholding in Savannah Lithium, it announced on Monday, which owns the Mina do Barroso Lithium Project in Portugal.

Read more
15 Apr 2019 12:24

Savannah Resources Takes Full Control Of Flagship Mina Do Barroso

LONDON (Alliance News) - Savannah Resources PLC on Monday said it has purchased all of the Mina do Barroso lithium project in Portugal is does not already own.Savannah is buying the 25% of

Read more
9 Apr 2019 13:50

Savannah Resources Achieves Another Resource Increase In Portugal

LONDON (Alliance News) - Lithium miner Savannah Resources PLC has increased the mineral resource at its Mina do Barroso project in Portugal by 17%.The resource now stands at 23.5 million of

Read more
11 Feb 2019 16:09

Savannah Resources reveals 'impressive' mineralisation at Portuguese lithium project

(Sharecast News) - Savannah Resources climbed on Monday after confirming the continuity of lithium mineralisation at its Mina do Barroso lithium project in Portugal.

Read more
11 Feb 2019 12:10

Savannah Resources Confirms Lithium Continuity At Portuguese Project

LONDON (Alliance News) - Savannah Resources PLC on Monday said further drilling has confirmed the continuity of lithium mineralisation at its Mina do Barroso lithium project in at the Pinheiro, at

Read more
29 Jan 2019 13:14

Savannah Resources Sees Excellent Test Results At Mina Do Barroso

LONDON (Alliance News) - Savannah Resources PLC said Tuesday further "excellent" test work results from its Mina do Barroso lithium project in Portugal is test work at the project 6.0% a

Read more
18 Dec 2018 16:26

Savannah begins working with Portuguese study partners

(Sharecast News) - Resource development company Savannah Resources announced on Tuesday that it was now working with the Laboratorio Nacional de Energia e Geologia (LNEG) and Faculty of Sciences from the University of Porto, and had concluded a preliminary mineralogy study and a first draft processing flowsheet for the treatment, recovery and concentration of spodumene from samples of Grandao and NOA deposits at the Mina do Barroso Project (MdB) in Portugal.

Read more
13 Dec 2018 15:42

Savannah lauds production of saleable quartz and feldspar products

(Sharecast News) - Savannah Resources announced on Thursday that saleable quartz and feldspar products have been produced by ongoing metallurgical test work at its Portuguese Mina do Barroso Project.

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.