Savannah Resources Plc

SAV

GB00B647W791

Specialty Mining & Metals

Market Closed - London S.E. Other stock markets 11:35:01 2024-05-08 am EDT			5-day change	1st Jan Change
3.45 ^GBX	-1.43%		-2.82%	+64.29%

May. 03	Eqtec trading in line; Surface Transforms fundraise	AN
May. 02	Savannah Resources Plc Announces NOA JORC Resource Upgrade and Further Broad Lithium Intersections at Reservatorio and Grandao	CI

Savannah says deal with MRG Metals on mining asset expired

January 27, 2023 at 05:48 am EST

Savannah Resources PLC - Europe-focused lithium development company - Says the period to conclude an option agreement with MRG Metals Ltd for its remaining mining concession in Mozambique has expired. Both parties have mutually decided not to proceed with entering into an option agreement.

On December 30, Savannah extended MRG Metals' due diligence period for the proposed transaction between its subsidiary AME East Africa Ltd and MRG Metals to Friday. The proposed transaction was first announced in early November.

Current stock price: 2.60 pence, down 3.6%

12-month change: down 41%

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	470.8 PTS	-0.46%	+3.56%	-
S&P AFRICA 40 INDEX	161.2 PTS	-1.24%	+4.14%	-
SAVANNAH RESOURCES PLC	3.45 GBX	-1.43%	-2.82%	80.25M
MRG METALS LTD	0.001 AUD	0.00%	0.00%	1.67M

Latest news about Savannah Resources Plc

Eqtec trading in line; Surface Transforms fundraise	May. 03	AN
Savannah Resources Plc Announces NOA JORC Resource Upgrade and Further Broad Lithium Intersections at Reservatorio and Grandao	May. 02	CI
EARNINGS: Mobeus VCT has good 2023; Itaconix, Engage XR narrow losses	Apr. 15	AN
Savannah Resources plc Announces Appointment of Emanuel Proença as an Executive Director	Apr. 15	CI
Earnings Flash (SAV.L) SAVANNAH RESOURCES Posts FY23 Loss GBX-0.20	Apr. 15	MT
Savannah Resources Plc Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 15	CI
Beowulf consolidates Vardar; GIF outpaces benchmark	Apr. 09	AN
Savannah Resources plc Provides an Update on Number of Workstreams as It Continues to Advance the Project	Apr. 09	CI
Savannah Resources upbeat about drilling results from Pinheiro deposit	Mar. 12	AN
AIM WINNERS & LOSERS: Savannah progresses but Portugal politics mired	Mar. 12	AN
Savannah Resources plc Provides Pinheiro Drilling Results Update	Mar. 12	CI
StreaksAI CEO Blows resigns, replaced by chair	Mar. 04	AN
Begbies trading in line; Probiotix inks partnership	Feb. 26	AN
Savannah Resources Concludes Initial Drilling at Barosso Lithium Project in Portugal	Feb. 26	MT
Savannah Resources plc Announces the Completion of the Resource-Related Drilling in the First Phase of Its Current Two-Phase Drilling Programme	Feb. 26	CI
Legality of Savannah Resources’ Barroso Lithium Project in Portugal Gets Backing from Environmental Agency	Feb. 09	MT
Nexxen expands partnership; Geiger considers listing	Feb. 08	AN
Portuguese prosecutors seek to annul environment permit for Savannah lithium mine	Feb. 08	RE
Savannah Resources reassured by legal review as Barroso advances	Jan. 30	AN
Savannah Resources drill programme on track at Barroso	Dec. 05	AN
Savannah Resources Plc Provides Update on Fieldwork and Other Activities	Dec. 05	CI
Portugal's PM soothes investors after resignation over corruption probe	Nov. 11	RE
Portuguese municipality to file lawsuit to stop lithium mine amid corruption scandal	Nov. 09	RE
Portugal activists urge suspension of lithium projects after PM quits	Nov. 08	RE
Correction: Savannah Resources Falls 16% Amid Corruption Probe Involving Portuguese Lithium Projects	Nov. 08	MT

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Savannah Resources Plc (Savannah) is a United Kingdom-based lithium development company. The Company's flagship asset is the wholly owned Barroso Lithium Project in northern Portugal. The project contains significant bearing spodumene lithium resources in Western Europe, consisting of five deposits, including Grandao, Reservatorio, Pinheiro, NOA and Aldeia. Savannahâs Barroso Lithium Project is located in northern Portugal, approximately 145 kilometers (km) northeast of the City of Porto and the industrial port of Leixoes. The Barroso Lithium project covers an area of over 8.36 square kilometers (km2) in the Barroso hills of northeast Portugal and consists of the C-100 Mining Lease (5.42 km2) and an adjacent, three block, mining lease application area (2.94 km2). Savannah is focused on providing a long term, local source of lithium raw material for Europe's developing lithium battery value chain.

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0.035 GBP

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Savannah Resources Plc

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SAV

GB00B647W791

Specialty Mining & Metals

Savannah says deal with MRG Metals on mining asset expired

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Sector Other Specialty Mining & Metals