verbits
23 Jun 2015
Re: Rio Tinto JV with Savannah in yesterday--- LONG HOLD
TPash Trader
23 Jun 2015
Rio Tinto JV with Savannah Rio confirmed to JV and provide assistance to Savannah on the Mineral Sands Projects in Mozambique!!! No wonder a recent spike!
Pharma Brown
05 May 2015
Golden RNS today! We have some great gold grades from surface trenching, out today. 1m at 60g/ton may not sound much thickness, but at those grades and assuming a specific gravity of around 2.5 for the rock that amounts to 2 troy ounces of gold per cubic metre! Fingers crossed that the discovery proves extensive enough to become economically viable.CEO David Archer is presenting at the Proactive One2One forum on 6th May at the Chesterfield, Mayfair. These 2 RNSs out today are well-timed ammunition for him.....I wish I was in London to hear him.
Pharma Brown
15 Apr 2015
Today's RNS: VTEM on Block 4 ....has been completed. We now need to wait about 6 weeks for those results to be analysed and be told if further targets for drilling have been identified.Meanwhile there was no mention of the diamond drilling programme (announced on 2nd February) of the Sarami West (in Block 5) and Ghayth (in Block 4) strong EM prospects. We were told on 2nd February that the drilling programme was expected to be completed in about a month: so maybe completed in 1st week of March? They are going to tell us the results.....and today we are told that results of the VTEM will take about 6 weeks, so if we guess a similar 6 weeks to complete assays on the drill cores and then analyse those, that means that those results are now imminent. Fingers crossed! We also await further news on progress in Mozambique regarding plans to increase those JORC resource figures. Hopefully today's RNS marks the first of a series.
shedfull
11 Feb 2015
Re: Another RNS Oman I expect them to hit both BIG
spartacus_1
10 Feb 2015
Re: Another RNS Oman Strong possibility of news leak from the drill site, they may hit the big copper and gold
Pharma Brown
09 Feb 2015
Re: Another RNS Oman Nice buying activity today. At only £4.5 market cap there is massive upside. With a healthy cash position, near-surface titanium and zirconium in Mozambique and the potential for good grades of copper and perhaps also gold near surface in Oman, it wouldn't need much positive news in short/medium term to see this triple (IMHO).
spartacus_1
23 Jan 2015
Re: Another RNS Oman At current price this gives a great buy opportunity. drilling starts next week and we could find a massive copper discovery plus gold
Pharma Brown
22 Jan 2015
Another RNS Oman (c'mon iii, get the RNS-reporting failure fixed......we need to see at 7am who has news!) Savannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining22 January 2015Savannah Resources PlcGround Geophysics Confirms High Priority VMS Copper Drill Targets, Oman Further to the announcement of 24 December 2014, Savannah Resources plc (AIM: SAV) ('Savannah' or the 'Company') is pleased to announce the results from the recently completed ground Electro-Magnetic ('EM') survey conducted over a number of high priority prospective copper targets within Blocks 4 (Savannah earning 65%) and Block 5 (Savannah 65%) in Oman. Savannah has interests in three blocks, covering 1,270km² of tenure, located over the highly prospective Semail Ophiolite in northern Oman. To view the press release with the illustrative maps and diagrams please use the following link: [link] HIGHLIGHTS:· Ground EM survey has identified a series of high calibre anomalies at the Sarami West (Block 5) and Ghayth (Block 4) prospects· The strongest anomaly was identified at Sarami West, which has very high conductance, spans over 200m, and remains open to the south· Fieldwork has not identified any potential sources for a false anomaly, increasing the chances that the anomalies are a result of copper bearing sulphides at depth· A drill programme to test the newly defined ground EM targets is being designed and due to commence around the end of January 2015.· Semail Ophiolite belt is proven to host clusters of relatively high grade copper deposits with gold credits and metallurgically simple ores· Oman is a modern Middle Eastern country with excellent infrastructure, low fuel costs and a favourable fiscal regime for any potential mine development Savannah's CEO, David Archer said, "We are very pleased with the results of the recently completed ground EM survey, which has detected a number of high quality anomalies for early drill testing. Modelling of the data has positioned the sources of these anomalies at approximately 80 to 120m below the surface and they have exceptionally high conductance. These high levels of conductance indicate that the anomaly source bodies have a very good chance of being prospective for semi-massive to massive sulphides, supporting the potential for the discovery of copper deposits. "Past explorers have already identified two VMS deposits within Block 5 and, given that VMS deposits tend to occur in clusters, we think our new, integrated exploration approach has a high chance of discovering additional deposits. The recent ground EM survey has identified a series/cluster of new untested anomalies within a favourable geological setting which all point towards there being an excellent chance of making a new discovery. "Oman is a well-developed country with excellent infrastructure (proximal to a major deep sea port, excellent bitumen road networks and extensive power line network), low fuel and labour costs and a favourable fiscal and tax regime. We believe that mining profitability in Oman will be significantly enhanced by this very favourable development setting." Ground Electro-Magnetic SurveysA series of ground based EM surveys (Appendix 1) were completed over high priority anomalies including Sarami West, Wadi Ahin and Ghayth, which were identified as part of Savannah's integrated exploration approach. In December 2014, a series of 100m spaced traverses were completed over each target using an in-loop configuration with a 100m square single turn transmitter loop and a three component fluxgate antenna. Sarami West Prospect (Block 5)Five EM traverses were completed across Sarami West, which covered the high priority VTEM targets 145-146 and produced some excellent results. A very strong response has been identified towards the middle of line 26474
shedfull
14 Jan 2015
RNS Oman [link]
John6185
10 Jan 2015
DA 's Prespective Kindly copied from the LSE site - an update from DA.....Find below the recent email received from DA. The interesting part for me is "We are looking to define something that can make real money - we are not just after defining a very large resource that does not make sense to develop. I think this is the mistake some people have fallen into in terms of what we have released".Dear xxxxxxxx,First up, Happy New Year. With Jangamo we are very pleased to have been able to release a 65Mt Inferred Resource in only a little more than a year since we started our exploration on what was essentially a grass roots exploration play. As we stated in the release on the 31st there are three areas we will be evaluating post the wet season for resource expansion – the eastern finger area around the existing resource, to the south east and the large system to the west.Importantly much of the mineralisation we have already identified is near surface and has higher grades that will enhance the economics of any mine development. The grades we are seeing a very consistent with what Rio has reported from their next door Mutamba deposit as well so we think we are very much on the right track especially because the area we are in is relatively quite well served in terms of nearby roads, power and ports. We are looking to define something that can be developed that can make real money – we are not just after defining a very large resource that does not make sense to develop. I think this is the mistake some people have fallen into in terms of analysing what we have released.In Oman, we have the core of the Oman Ophiolite Belt with excellent potential for new copper discoveries. We are very active on the ground, we completed the ground electro-magnetic survey on target just prior to Christmas and hope to be able to a RNS release the results in the very early part of the year. We are planning to fly the first airborne electro-magnetic survey over Block 4 prior to the Oman summer as well. This technique has resulted in most of the recent discoveries in Oman. Plus there is plenty of on-ground work going on in tandem.Our ambition is very much to become a mid-tier copper producer. The outlook for copper is quite strong with little new replacement production coming on line in the next few years.We believe we have two excellent project sets in Mozambique and Oman. There is plenty of value adding work we can do on both of these projects over the coming months. 2015 will be a very active year for us – like 2014 - let’s see what this brings.I have invested £0.5m cash of my own money in the company – this is very unusual for an AIM CEO! As to other board members, this is really something for them and their personal finances……Otherwise, thanks for your continuing support as a shareholder. It is very much appreciated!Kind regards,David.David Archer | Chief Executive OfficerSavannah Resources plcLevel 2, 18 Pall Mall | London | S
shedfull
07 Jan 2015
DA - Jangamo start mining now Surely SAV can start strip mining the JORC areas NOW.After all it only involves muck shifting equipment etc for a low key start up, so I wonder when DA will start this operation and start bringing much needed funds into the company.After all it is only sand to excavate and then extract the minerals and the port is close to the tenenment, so get subcontracting and hiring of equipment.
Flaps 40
05 Jan 2015
Re: Maiden JORC resource RNS Hi Pharma / Shed,Many thanks for your input. I still think this is a good company (imo) and while the drop is disappointing I think it is overdone.
shedfull
05 Jan 2015
Re: Maiden JORC resource RNS Good read Pharma
Pharma Brown
05 Jan 2015
Re: Maiden JORC resource RNS Hi Shedfull and Flaps,Happy New Year! Friday was quite a day for me, I sold half of another stock and bought 934k SAV at average of just 3.076p, taking my holding to 1% of shares in issue at average 3.6p. Several of my individual purchases at 3p and below were shown as 'sells' on the iii trades listing.The speed with which SAV was sold off (immediate: I received an email alert from the company which I heard come in on my mobile, immediately read the headlines, and was there before it appeared on iii) demonstrated that no-one had read and considered the technicalities. In short, a phenomenom typical of AIM technical JORC results, SULA did the same recently. I agree there are disappointments when looked into more closely, but to my mind the biggest issue was that the statement was rushed out so that the declared 'news by end Q4 2014' was kept to. The negatives were:1. Clearly rushed preparation, without any attempt to show the potential commercial significance of the figures. We are left to put our own values on the minerals inferred.2. Talk (only) of expectation that the JORC figures could be expanded in the coming year; but no 'meat' to convince anyone who has not been following closely and already familiar with the size of the license area and the small-scale of the two areas wherein the JORC has been achieved.3. Disappointed that this is ONLY 'inferred' category, I was expecting a smaller area within the survey at 'implied' category.I think David Archer has shown an error here in prioritising a 'premature' release so as to fulfil earlier release promise, and then releasing this into the very light and erratic trading conditions of New Years Eve half-day; rather than delay a couple of weeks and releasing a far better analysis with proper explanation of values, proportions and comparisons with the 'world-class resource' which Rio Tinto have next door and which these figures imply SAV can also achieve.The percentage figure, equalling Rio's, is about what I had expected. Yes, there are several holes in which the percentages are much higher, but these average out, and their importance will come into play when planning initiation of mine development and commercialisation: they will start somewhere small-scale where they have very high grades at or near surface, using the profits to expand to much larger-scale lower-margin operations.In the RNS details we were told that the 65mt of HM sands contains 2.7mt total heavy metals, of which ilmenite is 1.6mt, rutile is 0.054mt and zircon is 0.1mt. Putting a rough estimate of gross value onto those figures, ilmenite currently trades at around $200 per ton (therefore $320,000,000), and rutile and zircon both around $1000 per ton (therefore $154,000,000) giving a total $474,000,000 at today's market prices. The failure of the RNS to contain any such valuation or comparative analysis, in my opinion, clearly demonstrates the rushed-to-press nature of the RNS. Hopefully we will be given more details soon, such that the bigger picture is made apparent to would-be new investors.Hopefully the news-flow in 2015 will include a scoping study to give us a measure of capex required, staged planning for development of mine structure and processing plant, and ultimate extraction/refinement costs, to see what sort of margin might be applicable. The presence of grade which is clearly commercial for Rio, from surface or very near surface (minimal stripping costs implied), close to excellent regional infrastructure, all bode well for this being equally commercial cf. Rio's enterprise. On such massive figures (and we can expect highly significant multiplication of this initial 'stake-in-the-ground' JORC figure) a modest ultimate margin leaves the present market cap of under £7m looking like a massive bargain for investors prepared to hold for a few years. Whether taken to an early saleable stage or to full development in SAV ownership, there is massive profit to be had f
