Savannah Resources Plc

SAV

GB00B647W791

Specialty Mining & Metals

Delayed London S.E. Other stock markets 15:04:32 26/06/2024 BST			5-day change	1st Jan Change
4.17 ^GBX	-2.11%		+5.57%	+98.57%

06-24	Savannah Resources Chairman to Retire; Successor Named	MT
06-24	Savannah Resources names former Allkem executive Rick Anthon as Chair	AN

Savannah Resources extends due diligence for mining sale

December 30, 2022 at 12:28 pm

Savannah Resources PLC - London-based lithium development company - Extends due diligence period for proposed transaction between its subsidiary AME East Africa Ltd and MRG Metals Ltd. Says proposed transaction is sale of Mining Concession 9735C in Mozambique, relating to an option agreement entitling MRG Metals to acquire it. Extension is to January 27 from Saturday last week. Says both parties agree to allow more time for MRG Metals to conduct due diligence, while all other aspects of the proposed transaction, first announced in early November, remain unchanged.

Current stock price: 2.34 pence

12-month change: down 46%

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
DOW JONES AFRICA TITANS 50 INDEX	473.9 PTS	+0.53%	+0.50%	-
S&P AFRICA 40 INDEX	161.6 PTS	+0.47%	+0.23%	-
SAVANNAH RESOURCES PLC	4.17 GBX	-2.11%	+5.57%	98.7M
MRG METALS LTD	0.004 AUD	0.00%	0.00%	6.71M

Latest news about Savannah Resources Plc

Savannah Resources Chairman to Retire; Successor Named	06-24	MT
Savannah Resources names former Allkem executive Rick Anthon as Chair	06-24	AN
Savannah Resources Plc Announces Executive Changes	06-24	CI
Savannah Resources secures GBP16 million investment from AMG Critical	06-20	AN
AMG Critical Materials Buys GBP16 Million Stake in Savannah Resources	06-20	MT
AIM WINNERS & LOSERS: Savannah Resources gets investment; YouGov drops	06-20	AN
Amg Lithium B.v. acquired an unknown minority stake in Savannah Resources Plc for £16 million.	06-19	CI
Savannah Energy still suspended amid South Sudan acquisition	05-17	AN
Savannah could request compulsory land acquisitions for Portuguese lithium project	05-09	RE
Eqtec trading in line; Surface Transforms fundraise	05-03	AN
Savannah Resources Plc Announces NOA JORC Resource Upgrade and Further Broad Lithium Intersections at Reservatorio and Grandao	05-02	CI
EARNINGS: Mobeus VCT has good 2023; Itaconix, Engage XR narrow losses	04-15	AN
Savannah Resources plc Announces Appointment of Emanuel Proença as an Executive Director	04-15	CI
Earnings Flash (SAV.L) SAVANNAH RESOURCES Posts FY23 Loss GBX-0.20	04-15	MT
Savannah Resources Plc Reports Earnings Results for the Full Year Ended December 31, 2023	04-15	CI
Beowulf consolidates Vardar; GIF outpaces benchmark	04-09	AN
Savannah Resources plc Provides an Update on Number of Workstreams as It Continues to Advance the Project	04-09	CI
Savannah Resources upbeat about drilling results from Pinheiro deposit	03-12	AN
AIM WINNERS & LOSERS: Savannah progresses but Portugal politics mired	03-12	AN
Savannah Resources plc Provides Pinheiro Drilling Results Update	03-12	CI
StreaksAI CEO Blows resigns, replaced by chair	03-04	AN
Begbies trading in line; Probiotix inks partnership	02-26	AN
Savannah Resources Concludes Initial Drilling at Barosso Lithium Project in Portugal	02-26	MT
Savannah Resources plc Announces the Completion of the Resource-Related Drilling in the First Phase of Its Current Two-Phase Drilling Programme	02-26	CI
Legality of Savannah Resources’ Barroso Lithium Project in Portugal Gets Backing from Environmental Agency	02-09	MT

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Company Profile

Savannah Resources Plc is a lithium development company. The Company is focused on developing the Barroso Lithium Project in Portugal, Europe's spodumene lithium deposit. The Barroso Lithium Project contains significant spodumene lithium resources in Western Europe, consisting of five deposits, including Grandao, Reservatorio, Pinheiro, NOA and Aldeia. The Barroso Lithium Project is located in northern Portugal near the town of Boticas and around 145 kilometers (km) by road from the deep-water port of Leixoes near the city of Porto. The Barroso Lithium project covers an area of 8.36 square kilometers (km2) in the Barroso hills of northeast Portugal and consists of the C-100 Mining Lease (5.42km2) and an adjacent, three block, mining lease application area (2.94 km2). It owns significant lithium raw material assets within the European Union. By responsibly producing lithium raw material, it actively supports the creation of a new lithium value chain in Portugal and the rest of Europe.

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Specialty Mining & Metals

Calendar

27/06/2024 - Investor Meeting

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BUY

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0.0426 GBP

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0.1315 GBP

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+208.69%

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Savannah Resources Plc

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SAV

GB00B647W791

Specialty Mining & Metals

Savannah Resources extends due diligence for mining sale

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Latest news about Savannah Resources Plc

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Company Profile

Income Statement Evolution

Analysts' Consensus

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Annual profits - Rate of surprise

Sector Other Specialty Mining & Metals