Member Info for ChameleonMan

Nice early Xmas present from MozGov! Let’s hear no more from the doubters now. There is plenty of value to be added for SAV via the PFS. Longer term could Rio consider relocating processing from Richards Bay to Moz? Has to be an option?

In SAV’s case, the Rio Richards Bay plant is the customer not a competitor as Rio will take 100% of Moz production when it starts to produce. Can’t see how closure of the plant will help us?

What a gift this story is to “Portugal Resident” - a newspaper for English speaking readers in the Algarve! I wonder what they had to write about before? Villa prices and the £/€ rate? The Portuguese government ministers are certainly all over lithium! What a contrast to the enthusiasm vacuum that has proved characteristic of both MozGov and Omangov! This can only benefit SAV!

Looking back to the interims in September I note: “ EIA to be submitted for approval in Q4 2019

o Fully funded DFS to be completed in Q2 2020 to allow inclusion of additional deposits discovered and expanded metallurgical test work programme”
That would suggest the eagerly awaited EIA will be published within the next few weeks?

DA seems very upbeat as usual. Any guesses on the date of publishing the EIA?

Keep up Jonners! There may be no immediate impact for SAV as yet but a picture is developing of interested parties taking stakes in the junior lithium miners. This is likely to impact SAV in the near future so if you are not invested, ( which I believe you are not?) these news items should encourage you to do so? If they do not chime with your desire for maximum pessimism and a sub-2p entry point for you then too bad!

“ Private equity groups and other investors have grown emboldened by the lithium industry's malaise, forging plans to invest billions of dollars in mining projects to develop the electric vehicle battery metal.”
"Now is the time to invest," said Erez Ichilov, MD of Traxys Projects, which earlier this month launched a $2-billion fund with metals financier the Pallinghurst Group to invest across the electric vehicle supply chain. "When you look at how under-invested this value chain is, $2-billion is not a lot."
https://m.miningweekly.com/article/as-lithium-prices-drop-private-equity-investors-hunt-for-deals-2019-11-25

Bit of a hollow echo on the LSE SAV board at the moment but the European battery industry continues to grow in both Germany and indeed Italy: https://www.electrive.com/2019/11/20/battery-manufacturer-microvast-follows-tesla-to-brandenburg/

Utility companies now investing in junior lithium miners for energy storage projects! “ Growing demand for power storage has prompted Czech state-controlled utility Cez to move upstream, reaching a conditional agreement to invest in Australia-based European Metals' Cinovec lithium mining project in the Czech Republic.” https://www.argusmedia.com/en/news/2019346-cez-looks-to-buy-european-lithium-stake?backToResults=true

https://insideevs.com/news/383667/bmw-ordered-battery-cells-over-11-billion/
"The BMW Group will source the cobalt needed as a key raw material for cell production directly from mines in Australia and Morocco and make it available to CATL and Samsung SDI. The same applies to lithium, which the BMW Group will also source directly from mines, including from Australia. This gives the company full transparency over where both raw materials come from. Compliance with environmental standards and respect for human rights have the highest priority. ”

Looking forward to hearing news of an offtake deal direct with BMW in due course!

Surprising drop today on pretty equal volume of buys and sells ( if you can believe this platform). Let’s hope for better next week.

I’m with you there. I’ve added some 750,000 over the past couple of weeks at these bargain prices. Very encouraged by the Crux interview and the comments from a major that these were the best early exploration results to have come out of a copper tenement in a long long time.

Interesting EV demand curve and as he says not all lithium mined is of suitable battery grade for now or the future even tighter EU standards. Looks like that new EU standard will be built around the output of MdB which will put us in pole position.

Was surprised that this justified an RNS but it is a fairly comprehensive section. Worth noting the EU Li initiatives SAV is involved with:

“ Savannah’s Mina do Barroso project has been chosen as the pilot mining project for evaluation to achieve the CERA standard”

“Savannah is a project member of the EIT Rawmaterials’ LiRef project. The project is validating two conversion processes with the target to develop one robust and flexible process transforming spodumene concentrate into battery grade lithium chemical. It aims to foster the development of a sustainable European value chain”.

From the August 2017 RNS: “ The conclusion of the PFS is an important strategic milestone, as on delivery of the completed document Savannah will have earnt a 35% interest in the Mutamba Heavy Mineral Sands project, which is one of the largest undeveloped mineral sands deposits in the world.”
WILL HAVE EARNT! No ifs no buts!

Not so sure? Have you tried to get a buy quote? £10k no, £5k no, £2.5k yes. Time will tell.

Thanks Osaka, that was a helpful insight and probably explains the value proposition better than the RNS itself did!

This statement greatly increases the attractiveness and value of the MdB project:
“ Geometallurgical modelling highlighted that c.93% of the global Mineral Resources for the Project are considered fresh mineralisation

· The predominance of fresh mineralisation provides a significant advantage to the Project as it would allow bulk mining techniques to be used, which limits dilution or contamination

· The lithium concentrates produced from all deposits have low iron and impurity levels making for a very saleable concentrate

Couldn’t agree more! For some the only RNS that would seem to satisfy would be “ forget the detail, you’re all rich!” Excellent quality ore will attract the battery makers and vehicle producers alike. This is setting up nicely for commercial development.

The map is showing battery manufacturing plants rather than lithium mining but I understand our friend, the Energy secretary, is keen for Portugal to have one.