Savannah Energy (SAVE)

Sector:

Energy Producers

Index:

FTSE AIM 50

 26.25p
   
  • Closing Price Chg:
      0.000p
  • 52 Week High: 40.20
  • 52 Week Low: 19.35
  • Currency: UK Pounds
  • Shares Issued: 1,306.10m
  • Volume: 0
  • Market Cap: £342.85m
  • RiskGrade: 340

Savannah says Portuguese lithium project potentially 'major' producer

By Iain Gilbert

Date: Thursday 14 Jun 2018

LONDON (ShareCast) - (Sharecast News) - AIM-quoted resource development company Savannah Resources said on Thursday that its Mina do Barroso lithium project in Northern Portugal has the potential to be a "major European producer" of spodumene lithium.
Savannah's recently undertaken scoping study at Mina do Barroso demonstrated "robust project economics" with the potential to deliver substantial shareholder value at the project, which it considered to be of "low technical risk" with open pit mining and conventional processing to produce a spodumene concentrate for export sale.

The London-based firm strong outcomes based on an average annual run-of-mine production of 1.3Mt per year, over 11 years, pointed to a life of mine EBITDA of $805m, or $72m per year.

Savannah's chief executive, David Archer said, "Mina do Barroso is developing fast and it is clear that it will be a key feature in the upstream part of the European lithium value chain and will help to drive European lithium independence."

"Since acquiring the project just over a year ago we have achieved an enormous amount, having delivered not only a maiden mineral resource estimate but two major mineral resource estimate upgrades with the current estimate at 14Mt at 1.1% Li₂O, and now, a scoping study. We are committed to maintaining this pace as we continue to fast-track towards production," he added.

Savannah shares, Savannah shares, which had been recommended as a "buy for the adventurous investor" over the weekend by the Mail on Sunday, had climbed 5.09% to 13.92p by 0830 BST on Thursday,

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Savannah Energy Market Data

Currency UK Pounds
Share Price 26.25p
Closing Price Change 0.000p
% Change 0.00 %
52 Week High 40.20
52 Week Low 19.35
Volume 0
Shares Issued 1,306.10m
Market Cap £342.85m
RiskGrade 340

Savannah Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
51.68% below the market average51.68% below the market average51.68% below the market average51.68% below the market average51.68% below the market average
1.23% above the sector average1.23% above the sector average1.23% above the sector average1.23% above the sector average1.23% above the sector average
Value
51.68% below the market average51.68% below the market average51.68% below the market average51.68% below the market average51.68% below the market average
1.23% above the sector average1.23% above the sector average1.23% above the sector average1.23% above the sector average1.23% above the sector average
Income Not Available
Growth
14.17% above the market average14.17% above the market average14.17% above the market average14.17% above the market average14.17% above the market average
13.73% above the sector average13.73% above the sector average13.73% above the sector average13.73% above the sector average13.73% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Savannah Energy Dividends

No dividends found

Trades for --2023

Time Volume / Share Price
0 @ 0.000p

Savannah Energy Key Personnel

CEO Andrew Knott

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