OTCPK:SAVNF - Post Discussion
Post by
ScandiumPower on Aug 05, 2024 5:33am
CaixaBI Initiation Report
Initiation of Research Coverage by Portuguese Investment Bank, CaixaBI
Provides a compelling overview of the investment case for Savannah including: - The significant scale of its 100% owned Barroso Lithium Project, the most significant spodumene lithium resource in Europe, capable of supplying enough lithium each year for approximately half a million electric vehicle battery packs.
- The Project's low risk development profile, approved by Portugal's environmental regulator in 2023, which combines proven mining and processing techniques with Portugal's existing high-quality infrastructure to create a competitive and economically attractive operation within the global lithium industry.
- The underlying value of the Project. CaixaBI have set an initial price target on the stock of approximately 8p/share or around twice the current share price.
- The recently announced strategic partnership with AMG Critical Materials N.V. ('AMG'), an established spodumene lithium miner, which is also commissioning a new lithium hydroxide plant in Germany. This partnership further significantly de-risks the Project with AMG's initial £16m investment providing the funding required for Savannah to complete its current workstreams and reach a final investment decision point. AMG will also take a leading role in securing a full project financing solution for the Project's future construction.
- The partnership's contribution to the production targets set in the European Critical Raw Materials Act, which came into effect in May 2024. Savannah's Project and AMG's lithium hydroxide plant in Germany can make significant contributions towards both the 2030 domestic extraction (10% of annual EU demand) and processing (40%) targets set by the new legislation.
https://www.savannahresources.com/media/q32awtx1/caixa_savannah-resources-initiating-coverage_2024.pdf
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