Member Info for Inbrackets

Positive, to put it mildly

Sounds like northern Portugal (if not all) could do with a big brolly.

From the recent update 15/1

on track to complete its maiden JORC Reserve estimate in the near future.

Bypass Road design to the Portuguese authorities is expected to be made by mid-February.

key local stakeholders in recent weeks, resulting in the preparation of a set of Memorandums of Understanding

We remain in regular contact with the Government bodies involved with the land access process and expect this approval in the coming weeks

The update teed up further news ahead, all well and good but of no consequence without the outstanding easements.

Enough said?

Of course, it’s not just AMG.

https://www.theportugalnews.com/news/2026-02-01/when-lithium-is-no-longer-a-resource-and-becomes-a-strategy/951952

Lifthium. Further example of the full supply chain. An article that looks at the future prospects for the country rather than what often seems like imbalanced student politics protests in Portugal Resident.

Let’s not forget the auctions. Trusted partner. Trusted explorer / developer. Same hymn sheet (if the word hymn can be used) regards carbon / ESG etc. Could easily form part of the wider future beyond BLP taking SAV into a central role in Portugal s supply chain.

Still need the2nd easements of course…..mmmmm. Obviously didn’t happen last. Next week?

Thought that related to alcohol (so I am told), not news.

Last working day of the month tomorrow seems an obvious observation.

It would be good to have something to read after another full month of hard activity in the easement department if only to prove they have been at work.

Renault and Stellantis are operating in Morocco so not sure your worries are particularly founded.

Always good to talk….never know what you might find out

Battery and carmakers in Northern Africa- Morocco etc? Continue to lift profile as an upcoming source with as yet to be earmarked resource. Underused travel budget?

Have to say the only thing that really interests me are the 2nd Easements. I have finished the chocolates in the Advent Calendar but wait patiently for this 2nd coming.

Hi.

Just been checking the issues being faced byCerrado.

Not sure there are any real material difficulties in satisfying the outstanding items for the DeCape in the run up to the EIA. In the last update they ran through the works still needed and there was nothing particularly onerous. The issue is that they need the second easements to access the land and complete the necessary work. No doubt some would prefer to wait for the certainty of the 2nd easements or even confirmation of the EIA.

It would seem a little bizarre if demonstrably increasing Government support for a new industry in Portugal were to be delayed or scuppered due no 2nd easements when the initial easements were granted and appeals squashed in about a fortnight.

I don’t think SAV management would have based its business plans on a 50 day tacit approval but each to their own.

But the Old World Order is still vocal and vowing to continue

https://www.portugalresident.com/grave-perversion-of-public-interest-association-denounces-governments-multi-million-giveaway-to-mining-company/

Seem to remember mentions of Memorandums /..da of Understanding we’re in progress with a number of local groups as per the update a week or so back. Doesn’t sound like this local group has been to the table but may become increasingly isolated

Article today talking about Saudi car production being about 500,000 units.

They could always do an offtake agreement, to supply the refinery and battery makers for their supply - possibly more dependable than African supply.

They could always help fund an auction plot - the current grant is to the Portugal company - with offtake agreements. Lots of possible options without total ownership.

Bearing in mind their experience, the SAV team will make sure that they get through whatever hoops are there to comply as they will have seen these before agreeing.

Free Cash as long as it is done by the end of the year. Presume the easement issue will be resolved in the near future as the lack of it nibbles into that timescale.

Makes for a lot of further derisking and positive news to come in a steady stream over the coming months

Was apparently signed today. They had said it might be this week. Further confirmation that things are progressing.

Let’s see how quickly they follow up with the easement.

With the earlier news on the grant for the refinery, the Government looks like they are rolling out the supply chain that has been in the making for many a year. There was another mention of the auctions later in the year. I am sure that SAV has readied itself in anticipation.

Pedro. Forever and will be for sometime yet. Certainly getting to the business end of BLP when the wait should become worthwhile. But I really do see further movement as and when the auctions start .

In the meantime I am not sure I see much further dilution as the financing package is knitted together - the grant / the German guaranteed loans / the second batch of offtakes - should cover the project costs. Meanwhile the BLP resources will continue to increase.

As for 12p - no reason why not

It may have been on the agenda for many a year but will it take shape later this year?

https://www.reuters.com/business/energy/portugal-keen-launch-lithium-prospecting-tender-2026-2026-01-13/

If it does, then I would expect SAV to be well in the mix for a couple of the available options.

Https://x.com/tansuyegen/status/1936350009294733718?s=61&t=AJxxcVs_tbxqv1S84UYMow

Can but hope

Who else likes the extra 400m new orebody to add to the mix and further increase the resource.

Good to see the details of the work still to be done post grant of easements and the expectation of timing.

Natasha Donne would seem to have her own views that have been taken and printed. Wouldn’t say that they have been straight down the line and objective, perhaps being more partisan on the anti side. Maybe starting to recognise there is an alternative view and a wider benefit for a greater good and that disgruntled acceptance that in fact there is merit and benefits for the wider community than narrower resistance ( however understandable).

That the fairly heavy buying in comparison to the rather minimal sales might have just edged the sp up a little.

The spread has narrowed but that’s about it.

Eventually…..