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Methinks Stuttgart and Frankfurt though it wasn’t a formal listing by SAV, they simply start to quote

They did, in Oman, and it didn’t.

In fact, the grey cell reminds me that SAV was slapped down by the Omani authorities for revealing their discovery - possibly the start of their lack of further progress with the Ministry of Mines.

In all the earlier drilling campaigns, any results have been flawlessly reliable and have moved through the stages to become bankable assets. Todays RNS can only be good news even if at the very earliest stage of measurement as it extends the likely assets and LOM beyond the existing of 28mt and expectation of 50mt to even greater numbers. Looking at the map and the initial quality, would a doubling seem too out of order?

EC Strategic Projects to be announced soon and Portuguese auctions rumble on perhaps

Much to look forward to

It has been a bit active on the board over the past 24 hrs or so, with differing views.

Yes the general market has been dreadful with substantial negative returns. I know that SAV management have pointed out that they have been one of the best performing lithium stocks but I have to say I find this a little disingenuous as much of the rise has been a recovery following the rapid fall due Operation Influencer.

Don’t get me wrong, they did a good job, an excellent job in countering the negative sentiment and dispelling any unfounded accusations so the recovery rise has brought us back to around where we were. Of course we are now further down the the development track on many fronts, with the project looking increasingly likely to be sparked into life, hopefully better looking than Frankenstein.

As for groupings, takeovers, taking private, warrants, being stuffed, no doubt it will be raised at the upcoming presentation Q&A and deftly sidestepped. Personally, I would question whether anything would happen prior to the certainty that we expect later in the year, at which point the price should have risen and others might also show an interest. As is probably obvious, I am no guru.

Excellent news. Firstly the initial pads have been sorted so they can crack on with the others to be sorted in readiness. The bit that I like the most is that they have not one, not two, but three contractors moving onto site to drill. After all the administrative (or whatever) delays with the permissions needed, they are looking to clawback some time by throwing the necessary resource at it to get it done as quickly as possible.

Ups the pace.

Https://www.nowcanal.pt/ultimas/detalhe/savannah-resources-esta-mais-perto-de-arrancar-com-um-plano-de-expropriacoes-para-construir-a-mina-de-litio-do-barroso

This was in the post yesterday. Presume letters went out in readiness for the first post Christmas delivery. Happy New Year..

They have been outlining the process for months and looking to finalise without recourse to this but as was detailed, this moment had to come.

Https://www.reuters.com/technology/china-proposes-further-export-curbs-battery-critical-minerals-tech-2025-01-02/

Saw an article earlier on saying that China were set to ban the transfer of technical knowledge regards lithium processing etc for batteries. Just how messy is that going to get with the proposed Chinese battery manufacturing in Portugal.

Https://x.com/lithiumionbull/status/1874614171570245702?s=61&t=AJxxcVs_tbxqv1S84UYMow

And now set for real growth in 2025

Good resume of the past year and a fair and balanced view of the outlook and ambitions for the next.

Unfettered by forward looking statement requirements, we can speculate on the impact that the double whammy and Portuguese auctions mentioned below might have on the sp, along with further de-risking as and when any additional offtakes or funding becomes known.

Portuguese participation hitting 20%…… Might even more if they continue over the Christmas period when few look.

Someone takes advantage of a manufactured dip or is that a tad cynical in the season of goodwill.

Maybe they can foresee the possibility of the double whammy of a Portuguese PIN and an EC Strategic Project in the early part of next year further magnified with a couple of auctions plots later in the year.

So 840 hectares for the whole project. 75% is Baldios that can not be acquired just needs agreement, willing or not with the governing body. That leaves 210 hectares ‘privately owned’ of which, according to the article, as of September 2023, a year ago, 93 hectares had been sorted with more under discussion. The majority can become a minority in a blink.

My understanding is that both the local council and the Baldios committee are up for re-election this year and neither current incumbents can be on the ballot, with fresh blood needed in these posts. If this is so, might a change in the balance of power be reflected in the working relationships for the future.

The Reuters article may have a negative feel, but peel back that onion and maybe there is a less pungent point of view.

However difficult it may be to ignite a wider audience or turn sentiment in a challenging market, a regular and constant stream of verifiable positive news, meeting known markers can only be good news for those that want to hear.

The RNS today confirms the prospect of the PIN in Portugal and the auctions would seem to show that the Portuguese Gov is now showing support more openly especially with the granting of the lease and the authorities to dig need3d to progress the BLP.

Individually for a casual reader of the RNS, nothing would seem of major import but slotted into the background grid of required and advantageous items, these confirmations are great news and continue to strongly hint at the double whammy of the Portuguese PIN and hopefully the EC Strategic Project status Q1 (ish) next year. With further developments on the financing front, sentiment and the sp will catch up with itself

Https://x.com/lossadjusted/status/1866642270302155215?s=61&t=AJxxcVs_tbxqv1S84UYMow

Looks like further progress is n its way

Ali, disappointment is one thing but understanding the cause of any delay and apportioning blame if applicable is another. There are multiple strands of work across multiple facets that can only progress at the speed of the slowest element, usually the bureaucracy providing necessary authorities. No point going beyond authorities as that would just end up delaying things with trips to the courts.

Whatever delays there may be in one area doesn’t stop the work and progress in others.

Hi, I am one of the last to profess knowledge of anything so can’t correct what is in print from Euro News. That said the section with the title ‘Later this Year’ does not preclude any announcement of Strategic Projects before Christmas that are then formally approved in the Spring of next year.

However understand that there have been so many applications that they have been under resourced and perhaps overwhelmed, so it may mean a delay on that front. We should also expect further delays as being part of the inevitable process of just taking steps forward,

Good to see in the other link that the Portuguese Gov are perhaps getting set to finally get the auctions underway. With Fortescue pulling the plug seemingly, either due its own issues or frustration of dealing with Portuguese / EC bureaucracy, this would seem to leave SAV well placed to pick up its preferred areas.

Tag Rugby, Tag wrestling and now Tag Buying as Grupo Lusiaves takes the buying baton over from Ferreira. Following the announcement yesterday of Tier 1 blue chip financial support (assuming DD that has never been rejected to date including the old jv with Rio Tinto) this news needs to sink in and be understood by folk. Meanwhile the tag team are free to pick up what they can at a level they will look back on fondly.

EP “The support from the German Government and global tier-1 bank, KfW IPEX-Bank,

clearly underlines for all stakeholders the Project’s strategic significance and the responsible approach Savannah is taking to its development.” There’s that word again…strategic.

Next steps…”This involves due diligence being undertaken by KfW IPEX-Bank, Euler Hermes

AG and its advisers including but not limited to, economic, technical, legal, and ESG matters before any. potential loan and related terms can be confirmed.”…so how long is the piece of string, lots to go at and confirm but if you are known and can be judged by the quality of your ‘friends’ or associates, it would be fairly safe to say that just getting to this point further confirms the quality.

I am digging back into memory here as when I read the requirements for obtaining licences and the EIA etc, I am pretty sure that one of the requirements was that the project funding was in place. How that is defined I don’t know and which comes first in this chicken and egg also raised a quizzical eyebrow, but the presence of a Gov (German or otherwise) guarantee for the vast majority of the project would surely reduce the risks for other backers and their related costs. At the same time presumably tick the requirement box when all the parties assemble and dovetail the financial package.

Today’s muted response may reflect the lack of an inked signature but it’s another big step in reducing the risks of the project and providing clarity.

It might be non binding at the moment but that is whilst they go through Due diligence etc and SAV have never failed on that front.

With this underpin, the rest will follow and any grants etc will help balance the debt / equity mix.

All this needs now is EC. Strategic Project status and the Portuguese Gov becoming more proactive, but as a starter for ten, this gets eleven.

There shouldn’t be now.