Member Info for Inbrackets

Https://x.com/sparkes_dwayne/status/2044580784703668442?s=61&t=AJxxcVs_tbxqv1S84UYMow

Backdrop / read across. EPs comments regards ultimate resource exceeding 100 and which league it puts BLP in.

Makes SAV an extremely interesting proposition whatever.

Two things:

Firstly, I see that the information on the resource JORC that was detailed in both the Jan and Feb RNS as being 'in the near term' is now to be part of the DFS in July. Might make for a bigger bang.

Secondly, the first outline I have seen regards the link between the 2nd easement and any further progress on the land acquisition. Original understanding was that the 2nd easement was needed for information for elements of the DFS. This was swerved by saying they could complete satisfactorily now and then update. Now it's saying that they need it before they progress any compulsory purchase. A question to be posed and hopefully answered directly on Monday - no Starmer obfuscation.

Other than that, positive outlook.

Still consistently on the buy side

3m buy at the end of the day @ 5.30

One of these days it might even move things up a bit.

And more importantly, 75% are electric cars

https://www.theportugalnews.com/news/2026-04-10/portugal-surpasses-italy-in-automobile-production/1005315

Just imagine if they had their own battery industry.

In the recent Dutch interview there was mention of joining Euronext to provide wider access across Europe. ‘Home’ base might move but not necessarily taken private.

Actually, very one sided.

Would have thought the bid might have lifted and narrowed by now.

Don’t we get the same thoughts in advance of these routine / scheduled 3/4 month state of the nation presentations.

I note that there have been monthly project updates via RNS and we all will have our own view on what is important. They have already deftly swerved the near term issue of the 2nd easements; they have already signposted a marginal delay in the DFS.

For me road an electricity supply are necessary but low impact.

In the January RNS, the prospect of the Jorc resource estimate was ‘in the near future’. I the February RNS, they were ‘on track for the Jorc resource estimate in the near future’. In March RNS, there was no reference.

Likewise any news on the MOUs that had been agreed and signed and the seemed to disappear off any agenda though this may have shown the extent of local acceptance of the project, as there seems to be continuing silence on where they are up to on the overall level of acceptance.

Could we get news on the above beforehand? Yes, but nothing guaranteed. One thing for certain, they won’t announce anything during the presentation but it should be continuing the positive tone in the run up to the DFS

Certainly worth a listen

Must be about 5 years ago when the US were looking out for Portuguese opportunities that may need support and help. Seem to remember the quizzical eyebrow when Mary Jo Jacobi joined the board as an NED.

Interesting piece confirming Destination Portugal’ is not just Saudi, Sweden or South American but far wider.

https://www.theportugalnews.com/news/2026-04-04/why-us-investment-is-quietly-reshaping-portugals-economy/999478

Quis custodet ipsos custodes

Anyone / thing can pen an advert but according to Google

“ Discovery Alert is generally considered a reliable tool for investor visibility and real-time market tracking, specifically within the mining and energy sectors. It uses proprietary AI to monitor the Australian Securities Exchange (ASX) and deliver actionable insights”

Obviously SAV is not on the ASX but related to its core interests.

Https://discoveryalert.com.au/lithium-security-europe-savannah-portugal-barroso/

Might have been posted on April 1st, but quite a thorough piece and quite positive in its balance

W69, that’s already baked in with the royalty payment to the Government and locally designated fund. Has been for ages.

Methinks he is accentuating the positives that have come from the past resistance rather than saying they are about to get more.

A change in commentator or perhaps an additional one would seem to bring a slight change in tone.

“ The protest movements in the north, which have gained so much publicity, are aware that it is only a matter of being heard at a few more tribunals before the overwhelming strength of the EU and wealthy corporations will succeed. However, their determined efforts should be rewarded by concessions from Savannah and their fellow exploiters concerning a more careful zoning of open-cast working, increased environmental protection, higher values being paid for land and homes expropriated and, most important, a profit sharing scheme.”

Setting the scene? Getting ahead of future headline?

And the same again today.

Bet they can’t believe their luck.

Towards the end of the day.

End of Q1 tomorrow. Can’t believe it, where has it gone?

Interesting to see the spread narrow towards the end of the day.

Shanghai effect?

Jorc RNS to come?

Boredom?

EP will be waking up for Day three of the conference and gearing up for his panel discussion. No doubt they will film and release it over the coming days.

Will we get the JORC release before Easter with a full four days to fester and foment.

Interest in Portugal is mounting not just from Saudi.

https://econews.pt/special/hej-from-defence-to-mining-and-consumer-goods-swedish-companies-are-setting-their-sights-on-portugal/

With the 2nd easements issue deftly addressed so we are not seen to be stymied whilst waiting, dropping the promised Jorc resource info would be good.

Markets (and people) have greater concerns than 2nd easements currently but looking through to the far side of the noise is what it’s about.